NOT LISTED FOR SALE

Estimated Value: $1,054,148

-- Bed
-- Bath
12,200 Sq Ft
$86/Sq Ft Est. Value

Last Sold April 18, 2023

Last sale price $900,000 $74 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,801/month

36 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Community Storage Space
  • Parkdale Elementary School Rated A-
  • Forced Air Zoned Heating System

About This Home

As of April 2023

Stellar investment property in the Heart of The Village of East Aurora, fully occupied with solid tenants. Net Operating Income approx. $78,000. 2nd floor offers potential for a NYC style loft apt. with soaring ceilings and sophisticated style. 2 separate buildings, a total of 8 tenants. 4 floors of rental potential. Over 12,000 sq. ft.

Last Listed By

J. Gerard Green

Listing by RE/MAX Precision Brokerage Email: jgerard.green@remax.net License #10491210016 Listed on: 09/22/2022

RE/MAX Precision

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,849

Year Built

  • Built in 1900

Lot Details

  • 7,012 Sq Ft Lot
  • Lot Dimensions are 93x75

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 12,200 Sq Ft Home
  • 4-Story Property

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Shared Driveway

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Rent includes hot water, snow removal, trash collection, water
  • Tax Lot 3
  • Assessor Parcel Number 142401-176-050-0001-003-000

Community Details

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $12,317
  • Gross Income $90,516

Additional Features

  • 8 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,849

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: Hot Water, Other, See Remarks, Snow Removal, Trash Collection, Water
  • Year Built: 1900
  • Attribution Contact: jgerard.green@remax.net
  • Lot Features: Near Public Transit
  • Road Frontage Type: Main Thoroughfare
  • Directions: Main or Oakwood to Elm St
  • Flooring: Ceramic Tile, Hardwood, Laminate, Tile, Varies, Vinyl
  • Garage Yn: No
  • Year Built Details: Existing
  • Property Sub Type Additional: Commercial,Other
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
  • Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Stories: 4
  • Stories: 4

Exterior Features

  • Acres: 0.161
  • Waterfront: No
  • Construction Type: Brick, Block, Frame, Concrete
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Parking Features: Driveway, No Garage, Shared Driveway

Utilities

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

Condo/Co-op/Association

  • Community Features: Storage Facilities
  • Senior Community: No

Schools

  • Junior High Dist: East Aurora

Lot Info

  • Parcel Number: 142401-176-050-0001-003-000
  • Lot Dimensions: 93X75
  • Lot Size Sq Ft: 7012.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 90516.0
  • Annual Operating Expense: 12317.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 9849.0
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Mar 15, 2023
Sold by
Martin K Alixandra
Bought by
Cinotti Anthony V
Seller's Agent
J. Gerard Green
RE/MAX Precision
Buyer's Agent
Susan Drake
Century 21 North East
List Price
$1,000,000
Sold Price
$900,000
Premium/Discount to List
-$100,000
-10%
Total Days on Market
36
Views
79
Current Estimated Value
$1,054,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,148
Avg. Annual Appreciation
9.18%

Purchase Details

Closed on
Jun 27, 2012
Sold by
Hoeh Dawn
Bought by
Martin K Alixandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.78%
Mortgage Type
Commercial

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
Cinotti Anthony V $900,000 None Available
Cinotti Anthony V $900,000 None Available
Cinotti Anthony V $900,000 None Available
Martin K Alixandra $230,000 None Available
Martin K Alixandra $230,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin K Alixandra $50,000
Previous Owner Martin K Alixandra $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2023 04/18/23 Sold $900,000 -10.0% $74 / Sq Ft
10/28/2022 10/28/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $1,000,000 -- $82 / 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 -- $110,000 $14,000 $96,000
2023 $10,802 $110,000 $14,000 $96,000
2022 $9,941 $110,000 $14,000 $96,000
2021 $7,289 $100,000 $14,000 $86,000
2020 $8,508 $100,000 $14,000 $86,000
2019 $13,157 $100,000 $14,000 $86,000
2018 $9,039 $100,000 $14,000 $86,000
2017 $13,157 $100,000 $14,000 $86,000
2016 $14,112 $100,000 $14,000 $86,000
2015 -- $94,600 $14,000 $80,600
2014 -- $73,100 $14,000 $59,100
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1434728

Western New York Real Estate Information Services (WNYREIS)

APN: 142401-176-050-0001-003-000