Seller's Agent in 2024
James Rhoades
Rhoades Real Estate
(716) 830-8085
3 in this area
72 Total Sales
1928 S Park Ave Buffalo, NY 14220
South Park NeighborhoodEstimated Value: $469,727
2
Beds
--
Bath
9,024
Sq Ft
$52/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Forced Air Heating System
- 4-minute walk to Tim Russert Childrens Park
- Corner Lot
- Hot Water Heating System
About This Home
As of January 2024They don't build them like this anymore! This 6 unit has 4 apartment and 2 spacious store fronts currently brings in $54540 in gross income. Huge potential to increase income with these units that are rented under market. Property has a new roof 3 years ago and many mechanical updates including but not limited to electric and Furnace. There is a large storage room that has potential to bring in more cash flow. Property has ample parking behind the building just off Richfield. Break down of property is (2 )storefronts, (2) studios, (1) two Bedroom and (1) HUGE 3 Bedroom. Really need to see property to appreciate its value.
Last Agent to Sell the Property
Listing by Rhoades Real Estate License #10311204457 Listed on: 06/28/2023
Last Buyer's Agent
Listing by HUNT Commercial Real Estate Corp. of Buffalo New York License #10301211757
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,100
Year Built
- Built in 1900
Lot Details
- 5,400 Sq Ft Lot
- Lot Dimensions are 50x108
- Corner Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 2 Bedrooms
- 9,024 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Vinyl
Parking
- 1 Parking Space
- Gravel Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Hot Water Heating System
- Gas Water Heater
Listing and Financial Details
- Rent includes heat, water
- Tax Lot 36
- Assessor Parcel Number 140200-133-390-0004-036-000
Community Details
Overview
- 6 Units
Building Details
- 3 Separate Gas Meters
- Operating Expense $12,594
- Gross Income $54,540
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 28, 2023
Closed on
Jan 9, 2024
Sold by
Green Frank J
Bought by
South Park Buffalo Re Llc
Seller's Agent
James Rhoades
Rhoades Real Estate
Buyer's Agent
Joseph Farrauto
HUNT Commercial Real Estate Corp. of Buffalo New York
List Price
$474,900
Sold Price
$400,000
Premium/Discount to List
-$74,900
-15.77%
Views
426
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,727
Avg. Annual Appreciation
8.92%
Original Mortgage
$325,000
Outstanding Balance
$319,020
Interest Rate
7.22%
Mortgage Type
Construction
Estimated Equity
$150,707
Purchase Details
Closed on
Jun 23, 2006
Sold by
Guard Richard L
Bought by
Green Frank J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,900
Interest Rate
6.59%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 6, 2000
Sold by
Abraszek Frank P and Sinsel Mark
Bought by
Liberty Svgs Bank Fsb
Purchase Details
Closed on
Jun 9, 1995
Sold by
Jayes Daniel L
Bought by
Abraszek Frank P
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| South Park Buffalo Re Llc | $400,000 | None Available | |
| South Park Buffalo Re Llc | $400,000 | None Available | |
| South Park Buffalo Re Llc | $400,000 | None Available | |
| Green Frank J | $93,900 | None Available | |
| Liberty Svgs Bank Fsb | $500 | -- | |
| Liberty Svgs Bank Fsb | $500 | -- | |
| Liberty Svgs Bank Fsb | $500 | -- | |
| Abraszek Frank P | $12,000 | -- | |
| Abraszek Frank P | $12,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | South Park Buffalo Re Llc | $325,000 | |
| Closed | South Park Buffalo Re Llc | $325,000 | |
| Previous Owner | Green Frank J | $63,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/10/2024 01/10/24 | Sold | $400,000 | -11.1% | $44 / Sq Ft |
| 10/20/2023 10/20/23 | Pending | -- | -- | -- |
| 09/13/2023 09/13/23 | Price Changed | $449,900 | -5.3% | $50 / Sq Ft |
| 06/28/2023 06/28/23 | For Sale | $474,900 | -- | $53 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
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 | $1,250 | $223,000 | $11,300 | $211,700 |
| 2023 | $1,130 | $223,000 | $11,300 | $211,700 |
| 2022 | $1,121 | $223,000 | $11,300 | $211,700 |
| 2021 | $1,121 | $223,000 | $11,300 | $211,700 |
| 2020 | $554 | $223,000 | $11,300 | $211,700 |
| 2019 | $2,769 | $72,000 | $5,400 | $66,600 |
| 2018 | $2,560 | $72,000 | $5,400 | $66,600 |
| 2017 | $428 | $72,000 | $5,400 | $66,600 |
| 2016 | $1,932 | $72,000 | $5,400 | $66,600 |
| 2015 | -- | $72,000 | $5,400 | $66,600 |
| 2014 | -- | $72,000 | $5,400 | $66,600 |
Source: Public Records
Agents Affiliated with this Home
-
James Rhoades
-
Joseph Farrauto
Buyer's Agent in 2024
Joseph Farrauto
Hunt Real Estate
(716) 860-8541
1 in this area
128 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1480957
APN: 140200-133-390-0004-036-000
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