NOT LISTED FOR SALE

162 Lock St Lockport, NY 14094

Estimated Value: $173,000 - $195,961

8 Beds
3 Baths
3,489 Sq Ft
$52/Sq Ft Est. Value

Last Sold October 28, 2024

Last sale price $155,000 $44 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,307/month

159 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Partially Fenced Property
  • Wood Flooring
  • Forced Air Zoned Heating and Cooling System

About This Home

As of October 2024

Here is a rare opportunity to own a TRIPLEX in Niagara County with immediate cash flow, amazing ROI and to even owner occupy, not be house poor, and build some sweat equity. The vacant 4 bedroom unit with washer/dryer hookups within the unit is VACANT. When rented the owner was receiving $1,200 monthly. The other two units, each a 2 bedroom 1 bath, are meticulously maintained and decorated by clean and paying tenants. All of the units are sold with stoves and refrigerators. This is an as-is sale and the seller is unable to make any repairs due to inspection or appraisal. Showings: Showings of two occupied units will be Tuesday 10-12 only. The vacant unit and basement can be shown at will.

Last Agent to Sell the Property

Jason Sokody

Listing by Howard Hanna WNY Inc. Brokerage Phone: 716-603-2516 License #10301212761 Listed on: 05/21/2024

Howard Hanna WNY Inc.

Last Buyer's Agent

Edward Shvartsberg

Listing by Cilicia Realty LLC License #10491213075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,933

Year Built

  • Built in 1890

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 66x99
  • Partially Fenced Property
  • Private Yard

Parking

  • 2 Parking Spaces

Home Design

  • Triplex
  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 3,489 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes common area maintenance, hot water
  • Tax Lot 51
  • Assessor Parcel Number 290900-109-038-0002-051-000

Community Details

Overview

  • 3 Units
  • Village/Lockport Subdivision

Building Details

  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,933

Year Built

Built in 1890

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Common Area Maintenance, Hot Water
  • Year Built: 1890
  • Attribution Contact: 716-603-2516
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Subdivision Name: Village/Lockport
  • Directions: Washington to Lock or your favorite GPS
  • Architectural Style: Triplex
  • Flooring: Ceramic Tile, Hardwood, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 8
  • Stories: 2
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Acres: 0.15
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Fence, Private Yard, See Remarks
  • Foundation Details: Stone

Garage/Parking

  • Parking Features: Two or More Spaces

Utilities

  • Cooling: Zoned, Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Zoned
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lockport

Lot Info

  • Parcel Number: 290900-109-038-0002-051-000
  • Lot Dimensions: 66X99
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 4933.0
  • Tax Lot: 51

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Sep 11, 2024
Sold by
Happy Blue Living Llc
Bought by
Arutunian Ellen
Seller's Agent
Jason Sokody
Howard Hanna WNY Inc.
Buyer's Agent
Edward Shvartsberg
Cilicia Realty LLC
List Price
$184,900
Sold Price
$155,000
Premium/Discount to List
-$29,900
-16.17%
Views
125
Current Estimated Value
$179,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,990
Avg. Annual Appreciation
11.18%
Original Mortgage
$116,250
Outstanding Balance
$114,875
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$65,115

Purchase Details

Listed on
Jul 6, 2021
Closed on
Nov 29, 2021
Sold by
Ritz Property Group Llc
Bought by
Happy Blue Living Llc
Seller's Agent
Hannah Duffy
HUNT Real Estate Corporation
Buyer's Agent
Jason Sokody
Howard Hanna WNY Inc.
List Price
$144,998
Sold Price
$135,000
Premium/Discount to List
-$9,998
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.93%
Original Mortgage
$108,000
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2020
Sold by
Skura Timothy
Bought by
166 Calvin Court South Llc

Purchase Details

Closed on
Apr 24, 2013
Sold by
Ostrom Derek
Bought by
Skura Timothy

Purchase Details

Closed on
Aug 12, 2005
Sold by
Randall Constance
Bought by
Ostrom Derek

Purchase Details

Closed on
May 21, 2003
Sold by
Ornella Santa Estate Of
Bought by
Randall Constance
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arutunian Ellen $155,000 Chicago Title
Happy Blue Living Llc $135,000 None Available
166 Calvin Court South Llc $95,000 None Available
Skura Timothy $46,000 None Available
Ostrom Derek $50,000 Randy Gugino
Randall Constance $40,000 Ruth Wiseman
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arutunian Ellen $116,250
Previous Owner Happy Blue Living Llc $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2024 10/28/24 Sold $155,000 -13.8% $44 / Sq Ft
06/24/2024 06/24/24 Price Changed $179,900 -2.7% $52 / Sq Ft
05/21/2024 05/21/24 For Sale $184,900 +37.0% $53 / Sq Ft
12/14/2021 12/14/21 Sold $135,000 -4.9% $40 / Sq Ft View Prior Sale
10/28/2021 10/28/21 Pending -- -- --
10/14/2021 10/14/21 Price Changed $142,000 -2.1% $42 / Sq Ft
09/08/2021 09/08/21 For Sale $144,998 +7.4% $43 / Sq Ft
09/06/2021 09/06/21 Off Market $135,000 -- --
08/27/2021 08/27/21 Price Changed $144,998 -3.3% $43 / Sq Ft
08/13/2021 08/13/21 Price Changed $149,998 0.0% $45 / Sq Ft
08/13/2021 08/13/21 For Sale $149,998 +11.1% $45 / Sq Ft
08/05/2021 08/05/21 Off Market $135,000 -- --
07/05/2021 07/05/21 For Sale $159,998 -- $47 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $4,322 $159,000 $4,900 $154,100
2023 $4,278 $153,000 $4,900 $148,100
2022 $3,291 $140,000 $4,900 $135,100
2021 $3,032 $76,900 $3,400 $73,500
2020 $2,967 $76,900 $3,400 $73,500
2019 $665 $76,900 $3,400 $73,500
2018 $2,145 $76,900 $3,400 $73,500
2017 $2,138 $76,900 $3,400 $73,500
2016 $2,070 $76,900 $3,400 $73,500
2015 -- $76,900 $3,400 $73,500
2014 -- $76,900 $3,400 $73,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1539678

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-109-038-0002-051-000

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