NOT LISTED FOR SALE

1692 Electric Ave Buffalo, NY 14218

Estimated Value: $147,000 - $208,000

6 Beds
2 Baths
2,449 Sq Ft
$72/Sq Ft Est. Value

Last Sold December 04, 2019

Last sale price $80,000 $33 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $1,179/month

108 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • 2 Car Garage
  • Full Attic
  • Property is near bus stop
  • Multiple Heating Units

About This Home

As of December 2019

Offers presented as they come in. Nice double with a 2 car detached garage. Rent could be higher. Seller will do no repairs as result of home inspection. Room sizes are approximate.

Last Agent to Sell the Property

Thomas Oakley

Listing by WNY Metro Roberts Realty License #10301210388 Listed on: 04/16/2019

WNY Metro Roberts Realty

Last Buyer's Agent

Jason Sokody

Listing by Howard Hanna WNY Inc. License #10301212761

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,311

Year Built

  • Built in 1900

Lot Details

  • 4,776 Sq Ft Lot
  • Lot Dimensions are 119 x 40

Parking

  • 2 Car Garage

Home Design

  • Block Foundation
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,449 Sq Ft Home
  • 2.5-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Location

  • Flood Zone Lot
  • Property is near bus stop

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Tax Lot 5
  • Assessor Parcel Number 140900-142-780-0003-005-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,311

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Lackawanna-City-140900
  • Total Assessed Value: 53700
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 119
  • Lot Dimension Front: 40
  • Lot Information: Flood Zone, Near Bus Line, Neighborhood Street
  • Lot Number: 5
  • Nearest Cross Street: Ridge
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 729927.01
  • Ratio Close Price By Sq Ft: 32.67
  • Ratio List Price By Acres: 820255.47
  • Ratio List Price By Sq Ft: 36.71
  • Regional Board Code: Buffalo
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 744
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4776
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: Ridge Rd to Electric
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Copper Plumbing - Some
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Tile-Some, Vinyl-Some, Wall To Wall Carpet-Some, Wood-Some
  • Total Sq Ft: 2449

Exterior Features

  • Construction: Composition
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1096

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Garage

Utilities

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

Lot Info

  • Parcel Number: 140900-142-780-0003-005-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3311

MLS Schools

  • School District Name: Lackawanna

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2024
Sold by
Al Soufi Jamal and Kaid Mushtaq M
Bought by
Al Soufi Jamal and Ali Ahmed
Current Estimated Value
$176,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,752
Outstanding Balance
$134,148
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$41,944

Purchase Details

Listed on
Apr 16, 2019
Closed on
Nov 25, 2019
Sold by
Kowalski Kristine
Bought by
Kaid Mushtaq M and Al Soufi Jamal
Seller's Agent
Thomas Oakley
WNY Metro Roberts Realty
Buyer's Agent
Jason Sokody
Howard Hanna WNY Inc.
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.86%
Original Mortgage
$70,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2006
Sold by
Mondo Charles J
Bought by
Kowalski Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,840
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 1999
Sold by
Janczak Walter M and Janczak Mary F
Bought by
Mondo Charles J and Mondo Kim M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Al Soufi Jamal $79,000 None Available
Al Soufi Jamal $79,000 None Available
Al Soufi Jamal $79,000 None Available
Kaid Mushtaq M $80,000 None Available
Kaid Mushtaq M $80,000 None Available
Kaid Mushtaq M $80,000 None Available
Kaid Mushtaq M $80,000 None Available
Kowalski Kristine $49,800 None Available
Kowalski Kristine $49,800 None Available
Kowalski Kristine $49,800 None Available
Mondo Charles J $84,500 --
Mondo Charles J $84,500 --
Mondo Charles J $84,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Al Soufi Jamal $136,752
Closed Al Soufi Jamal $136,752
Previous Owner Kaid Mushtaq M $70,000
Previous Owner Kowalski Kristine $39,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2019 12/04/19 Sold $80,000 -11.0% $33 / Sq Ft
08/14/2019 08/14/19 For Sale $89,900 0.0% $37 / Sq Ft
08/02/2019 08/02/19 Pending -- -- --
07/23/2019 07/23/19 Price Changed $89,900 -10.0% $37 / Sq Ft
04/16/2019 04/16/19 For Sale $99,900 -- $41 / 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 $3,103 $100,000 $7,600 $92,400
2023 $2,690 $100,000 $7,600 $92,400
2022 $2,596 $100,000 $7,600 $92,400
2021 $2,617 $100,000 $7,600 $92,400
2020 $978 $116,000 $7,600 $108,400
2019 $3,230 $53,700 $4,800 $48,900
2018 $1,822 $53,700 $4,800 $48,900
2017 $1,141 $53,700 $4,800 $48,900
2016 $1,612 $53,700 $4,800 $48,900
2015 -- $53,700 $4,800 $48,900
2014 -- $53,700 $4,800 $48,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1185979

Western New York Real Estate Information Services (WNYREIS)

APN: 140900-142-780-0003-005-000