NOT LISTED FOR SALE

166 Lisbon Ave Buffalo, NY 14214

University District Neighborhood

Estimated Value: $199,000 - $324,000

6 Beds
2 Baths
2,452 Sq Ft
$105/Sq Ft Est. Value

Last Sold August 24, 2017

Last sale price $116,000 $47 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $1,444/month

6 Days on Market

Highlights

  • Full Attic
  • Forced Air Cooling System
  • Rectangular Lot
  • 2 Fireplaces
  • Property is near a bus stop
  • Vinyl Flooring

About This Home

As of August 2017

University District double on Lisbon Ave a few doors west of Parkridge, in easy walking distance to the U/B South Campus. Currently used for student housing, it effectively is a 4 bedroom per unit setup. Maintenance and repair records are attached to the listing, please ask a Real Estate Professional to retrieve them for you. This is a bonafide money maker! It has average $20,000 per year in income over the last 3 years. Due to the tenants' schedules, showings will be "open house" style on Thursday evenings from 5-7, and Saturdays 11-1. Living rooms can be readily opened back up is so desired. Stoves, refrigerators, and the clothes washer and dryer are included. You can't afford not to have this turn-key rental in your portfolio, or personalize to live in if you prefer.

Last Agent to Sell the Property

Lawrence Lentini

Listing by HUNT Real Estate Corporation License #30LE0822005 Listed on: 03/27/2017

HUNT Real Estate Corporation

Last Buyer's Agent

Enas Latif

Listing by HUNT Real Estate Corporation License #10301216105

HUNT Real Estate Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,339

Year Built

  • Built in 1930

Lot Details

  • 4,200 Sq Ft Lot
  • Lot Dimensions are 120 x 35
  • Rectangular Lot

Parking

  • Driveway

Home Design

  • Stone Foundation

Interior Spaces

  • 2,452 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Electric Fireplace
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House

Attic

  • Full Attic
  • Unfinished Attic

Location

  • Property is near a bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Rent includes water
  • Tax Lot 26
  • Assessor Parcel Number 140200-079-630-0005-026-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $5,120
  • Gross Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,339

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Annual Operating Expenses: 5120
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 51500
  • Foundation Description: Stone
  • Gross Annual Income: 20000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 120
  • Lot Dimension Front: 35
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 26
  • Lot Shape: Rectangular
  • Nearest Cross Street: Main
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1203319.50
  • Ratio Close Price By Sq Ft: 47.31
  • Ratio List Price By Acres: 1089211.62
  • Ratio List Price By Sq Ft: 42.82
  • Regional Board Code: Buffalo
  • Rent Includes: Water
  • School Tax: 460
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4200
  • Age of Building: 92
  • Year Built: 1930
  • Directions To Property: Main or Bailey to Lisbon. 166 Lisbon is a few doors West of Parkridge, on the North side of the street.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Laundry-Common, Storage
  • Attic Description: Full, Stair Access, Unfinished
  • Basement Description: Full
  • Floor Description: Vinyl-Some
  • Number of Fireplaces Artificial: 2
  • Number of Fireplaces Not Repto Code: 2
  • Number of Fireplaces Total Calculated: 2
  • Total Sq Ft: 2452

Exterior Features

  • Construction: Composition
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.0964

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Concrete

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-079-630-0005-026-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1339

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2021
Sold by
Beke Hrishikeshg S and Pratapwar Prashant
Bought by
Beke Hrishikesh S
Current Estimated Value
$257,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,500
Outstanding Balance
$85,204
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$164,151

Purchase Details

Listed on
Mar 27, 2017
Closed on
Aug 8, 2017
Sold by
Garritt Jeff F and Deleon Garritt Maria
Bought by
Beke Hrishikesh S
Seller's Agent
Lawrence Lentini
HUNT Real Estate Corporation
Buyer's Agent
Enas Latif
HUNT Real Estate Corporation
List Price
$105,000
Sold Price
$116,000
Premium/Discount to List
$11,000
10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.06%

Purchase Details

Closed on
Mar 22, 2007
Sold by
Spillman Brenda L
Bought by
Garritt Jeff F and Deleon Garritt Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,250
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2004
Sold by
Appenheimer Thomas R and Appenheimer Concetta
Bought by
Spillman Brenda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,350
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
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
Beke Hrishikesh S -- Title Resources Guaranty Co
Beke Hrishikesh S -- None Available
Beke Hrishikesh S -- Title Resources Guaranty Co
Beke Hrishikesh S $116,000 None Available
Beke Hrishikesh S $116,000 None Available
Beke Hrishikesh S $116,000 None Available
Garritt Jeff F $82,500 None Available
Garritt Jeff F $82,500 None Available
Spillman Brenda L $51,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beke Hrishikesh S $93,500
Closed Beke Hrishikesh S $93,500
Closed Slater Jennifer R $5,533
Previous Owner Garritt Jeff F $70,400
Previous Owner Garritt Jeff F $74,250
Previous Owner Spillman Brenda L $46,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2017 08/24/17 Sold $116,000 +10.5% $47 / Sq Ft
04/02/2017 04/02/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $105,000 -- $43 / 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 $497 $98,000 $6,300 $91,700
2023 $497 $98,000 $6,300 $91,700
2022 $493 $98,000 $6,300 $91,700
2021 $493 $98,000 $6,300 $91,700
2020 $396 $98,000 $6,300 $91,700
2019 $1,413 $51,500 $4,900 $46,600
2018 $1,330 $51,500 $4,900 $46,600
2017 $306 $51,500 $4,900 $46,600
2016 $1,254 $51,500 $4,900 $46,600
2015 -- $51,500 $4,900 $46,600
2014 -- $51,500 $4,900 $46,600
Source: Public Records

Agents Affiliated with this Home

  • Lawrence Lentini

    Seller's Agent in 2017

    Lawrence Lentini

    Hunt Real Estate

    (716) 570-5529

    10 Total Sales

    Section Image
  • Enas Latif

    Buyer's Agent in 2017

    Enas Latif

    Hunt Real Estate

    (716) 417-4755

    2 in this area

    730 Total Sales

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Map

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

MLS Number: B1034238

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-079-630-0005-026-000

New York Erie County Buffalo 14214 University District

166 Lisbon Ave, Buffalo, NY

This home is located at 166 Lisbon Ave, Buffalo, NY 14214 since 27 March 2017 and is currently estimated at $257,428, approximately $104 per square foot. This property was built in 1930. 166 Lisbon Ave is a home located in Erie County with nearby schools including Westminster Community Charter School, Buffalo United Charter School, and St. Joseph University School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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