NOT LISTED FOR SALE

163 E Terrace Ave Lakewood, NY 14750

Estimated Value: $127,000 - $193,754

3 Beds
1 Bath
1,287 Sq Ft
$117/Sq Ft Est. Value

Last Sold May 23, 2023

Last sale price $62,003 $48 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,033/month

17 Days on Market

Highlights

  • Water Views
  • Home Office
  • Enclosed Patio or Porch
  • Beach Access
  • Formal Dining Room
  • Living Room

About This Home

As of May 2023

Lake Life!!?? This 3 bedroom cottage sits across the street from the lake and you have a view of the water from the second floor. This cottage is all about the location...the cottage needs full rehab but what a perfect spot to either renovate this cottage or tear down and build new. The spot across the street from the lake is perfect to rebuild! This cottage has road frontage that goes from E. Terrace straight back through to Front St., it goes from street to street. All the bedrooms are on the 2nd floor, as well as small office. Enclosed front porch, large living room, small dining and laundry rooms and ample kitchen. Deeded lake access. Start from the roof and rehab all the way through and what a gem this cottage will be...and it's large enough to use year-round if so desired! Location-location- lake life!!!!!

Last Agent to Sell the Property

Renee Pchelka

Listing by Howard Hanna Holt - Fredonia License #40PC0570727 Listed on: 04/11/2023

Howard Hanna Holt - Fredonia

Last Buyer's Agent

Sarah Calalesina

Listing by Century 21 Turner Brokers License #10401348766

Century 21 Turner Brokers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,309

Year Built

  • Built in 1920

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 80 x 60
  • Partially Fenced Property
  • Rectangular Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,287 Sq Ft Home
  • 1.7-Story Property
  • Gas Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Water Views
  • Crawl Space
  • Laundry on main level

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Stone Driveway

Outdoor Features

  • Beach Access
  • Property is near a lake
  • Enclosed Patio or Porch
  • Shed

Schools

  • Southwestern Elementary School
  • Southwestern Middle School
  • Southwestern Senior High School

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Water Rights
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 56
  • Assessor Parcel Number 062201-368-020-0002-056-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,309

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Lakewood-Village-062201
  • Total Assessed Value: 75000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 80
  • Lot Dimension Front: 60
  • Lot Information: Neighborhood Street
  • Lot Number: 56
  • Lot Shape: Rectangular
  • Nearest Cross Street: Glenwood
  • Number of Stories: 1.7000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 562640.65
  • Ratio Close Price By Sq Ft: 48.18
  • Ratio List Price By Acres: 452813.07
  • Ratio List Price By Sq Ft: 38.77
  • Regional Board Code: Rochester
  • Roof Description: Asphalt
  • School Tax: 933
  • Styles of Residence: 2 Story
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Village: Lakewood-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 4800
  • Ad Copy: Cute 3 bedroom cottage across the street from Chautauqua Lake! Vinyl sided.Porch. Great lake location!
  • Ad Headline: Lakewood
  • Age of Building: 103
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 1287
  • Directions To Property: E. Terrace right around the corner from Glenwood.
  • Sq Ft Total Pub: 1287
  • Attribution Contact: 716-680-3397
  • EnergyEquipment: None
  • WaterRelatedFeatures: Beach/Water Access, Deeded Water Rights, Water View
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Circuit Breakers - Some
  • Additional Rooms: Laundry-1st Floor, Living Room, Office, Porch - Enclosed
  • Attic Description: Crawl Space
  • Basement Description: Crawl Space
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Dining Description: Formal Dining Room
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Not Repto Code: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 8
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1287

Exterior Features

  • Construction: Vinyl
  • Waterfront Name: Chautauqua Lake
  • Additional Exterior Features: Partially Fenced Yard
  • Number of Acres: 0.1102
  • Waterfront Description: Lake

Garage/Parking

  • Driveway Description: Stone/Gravel
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Wall Furnace
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Southwestern
  • Elementary School: Southwestern Elementary
  • Middle School: Southwestern Middle
  • High School: Southwestern Senior High

Lot Info

  • Parcel Number: 062201-368-020-0002-056-000

Tax Info

  • Total Taxes: 2309

MLS Schools

  • Elementary School Name: Southwestern Elementary
  • High School Name: Southwestern Senior High
  • Middle School Name: Southwestern Middle
  • School District Name: Southwestern

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2023
Closed on
May 15, 2023
Sold by
Reo Trust
Bought by
Dow Valerie
Seller's Agent
Renee Pchelka
Howard Hanna Holt - Fredonia
Buyer's Agent
Sarah Calalesina
Century 21 Turner Brokers
List Price
$49,900
Sold Price
$62,003
Premium/Discount to List
$12,103
24.25%
Views
154
Current Estimated Value
$150,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,186
Avg. Annual Appreciation
43.02%

Purchase Details

Listed on
Apr 11, 2023
Closed on
Mar 28, 2023
Sold by
Oi Avery S and Pratt
Bought by
Cim Trust and Us Bank Na
Seller's Agent
Renee Pchelka
Howard Hanna Holt - Fredonia
Buyer's Agent
Sarah Calalesina
Century 21 Turner Brokers
List Price
$49,900
Sold Price
$62,003
Premium/Discount to List
$12,103
24.25%
Views
154
Source: Public Records

Range of Values:

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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
Dow Valerie $62,003 None Listed On Document
Cim Trust $99,663 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2023 05/23/23 Sold $62,003 +24.3% $48 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $49,900 -- $39 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $2,870 $62,000 $6,000 $56,000
2023 $3,134 $75,000 $6,000 $69,000
2022 $2,948 $75,000 $6,000 $69,000
2021 $2,897 $75,000 $6,000 $69,000
2020 $3,234 $75,000 $6,000 $69,000
2019 $2,166 $75,000 $6,000 $69,000
2018 $2,166 $75,000 $6,000 $69,000
2017 $2,179 $75,000 $6,000 $69,000
2016 $2,161 $75,000 $6,000 $69,000
2015 -- $75,000 $6,000 $69,000
2014 -- $75,000 $6,000 $69,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1464031

Chautauqua-Cattaraugus Board of REALTORS®

APN: 062201-368-020-0002-056-000