NOT LISTED FOR SALE

161 Cottage St Lockport, NY 14094

Estimated Value: $148,000 - $166,000

5 Beds
3 Baths
2,214 Sq Ft
$71/Sq Ft Est. Value

Last Sold November 13, 2012

Last sale price $33,000 $15 Per Sq Ft

Est. 375% increase in value since last sale

Current estimated payment $1,185/month

173 Days on Market

Highlights

  • Tile Flooring
  • Property is near a bus stop
  • Heating System Uses Gas

About This Home

As of November 2012

ATTENTION ALL INVESTORS...Super turnkey investment!! Great long term tenants enjoy this three unit which is close to all conveniences! Boiler new in 2011, Rt. side of roof complete tear off August 2011, H20 heater 2006, updated electric and on separate meters! Positive cash flow from day one!!

Last Agent to Sell the Property

Suzanne Mangold

Listing by No Office Affiliation License #10301200570 Listed on: 05/04/2012

Last Buyer's Agent

Joanne Hajduk

Listing by WNY Metro Roberts Realty License #40HA1047289

WNY Metro Roberts Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 137 x 35

Parking

  • No Garage

Home Design

  • Stone Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 2,214 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Free-Standing Range
  • Range Hood

Flooring

  • Wall to Wall Carpet
  • Linoleum
  • Tile

Location

  • Property is near a bus stop

Utilities

  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Rent includes cooking gas, grounds maintenance, heat, hot water, water
  • Assessor Parcel Number 290900-109-070-0002-024-000

Community Details

Overview

  • 3 Units
  • Holland Land Co Community
  • Holland Land Co Subdivision

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Age: 132
  • NY Swis Code: Lockport-City-290900
  • Total Assessed Value: 43600
  • Foundation Description: Stone
  • Gross Annual Income: 16800
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 137
  • Lot Dimension Front: 35
  • Lot Information: Near Bus Line
  • L P Per Acre: 362727.2700
  • List Price per Sq Ft: 18.0216
  • Nearest Cross Street: High
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 300000.00
  • Ratio Close Price By Sq Ft: 14.91
  • Ratio List Price By Acres: 362727.27
  • Ratio List Price By Sq Ft: 18.02
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: Cooking Gas, Grounds Maintenance, Heat, Hot Water, Water
  • School Tax: 1114
  • Sale Price List Price: 0.8270
  • S P Per Acre: 300000.0000
  • S P Per Sq Ft: 14.9051
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 39900.00
  • Year Built Description: Existing
  • Age of Building: 143
  • Year Built: 1880
  • Directions To Property: Transit to High then to Cottage.
  • Subdivision Comm Complex: HOLLAND LAND CO
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Additional Interior Features: Copper Plumbing - Some
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Linoleum/Vinyl, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Freestanding, Range Hood-Exhaust Fan
  • Number of Rooms: 13
  • Total Sq Ft: 2214

Exterior Features

  • Construction: Composition
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1100

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 4
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Separate Utilities: Electricity
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 290900-109-070-0002-024-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2108

MLS Schools

  • School District Name: Lockport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2012
Closed on
Nov 13, 2012
Sold by
Lux Property Holdings Llc
Bought by
Colonial Capital Ltd
Seller's Agent
Suzanne Mangold
No Office Affiliation
Buyer's Agent
Joanne Hajduk
WNY Metro Roberts Realty
List Price
$39,900
Sold Price
$33,000
Premium/Discount to List
-$6,900
-17.29%
Current Estimated Value
$156,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,667
Avg. Annual Appreciation
12.77%

Purchase Details

Closed on
Feb 18, 2011
Sold by
Wealth Builders Group Llc
Bought by
Lux Property Holdings Llc

Purchase Details

Closed on
Sep 24, 2008
Sold by
City Of Lockport
Bought by
Wealth Builders Group Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Colonial Capital Ltd $33,000 Samuel Puleo
Lux Property Holdings Llc $28,500 None Available
Wealth Builders Group Llc $13,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2012 11/13/12 Sold $33,000 -17.3% $15 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $39,900 -- $18 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,376 $161,000 $3,500 $157,500
2023 $2,293 $82,000 $3,500 $78,500
2022 $1,842 $75,000 $3,500 $71,500
2021 $1,944 $49,300 $3,200 $46,100
2020 $1,902 $49,300 $3,200 $46,100
2019 $377 $49,300 $3,200 $46,100
2018 $1,216 $43,600 $3,200 $40,400
2017 $1,212 $43,600 $3,200 $40,400
2016 $1,174 $43,600 $3,200 $40,400
2015 -- $43,600 $3,200 $40,400
2014 -- $43,600 $3,200 $40,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B407330

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-109-070-0002-024-000