NOT LISTED FOR SALE

199 S Transit St Lockport, NY 14094

Estimated Value: $154,000 - $247,516

4 Beds
2 Baths
1,948 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $165,400 $85 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,498/month

28 Days on Market

Highlights

  • Wood Flooring
  • Woodwork
  • Property is near a bus stop
  • Fenced Yard
  • Forced Air Cooling System
  • Ceiling Fan

About This Home

As of September 2021

Exceptionally well maintained and updated double is conveniently located and is a true turnkey property. Starting with exterior updates such as complete tear off roof, gutters, metal roof on garage, windows, Ring* camera/doorbell/floodlight system, chimney and foundation resurface and more. Upper unit features remodeled kitchen and bath, vinyl planked floors in kitchen and bath, furnace 2012,"in unit" laundry, all appliances stay. Lower unit has HDWD floors, updated Bath remodel w/ Bath fitter* tub and surround, fully applianced kitchen (appliances 2018), vinyl planked floors in kitchen and laundry room. Lower unit has possible second bedroom. An abundance of parking (new 2017 blacktop driveway/parking area), 3 car garage w/ workshop and second floor attic storage totaling 1958 sq ft. Excellent income opportunity or owner occupied w/ tenant. Fully fenced, private yard. Property is nicely landscaped. CURRENT LEASE STATES owner shall have the right to terminate existing tenancies with 30 days notice. Showings begin immediately. Offers, if any, to be submitted by 4 PM on Thursday June 24th.

Last Agent to Sell the Property

Sandra Golonka

Listing by Howard Hanna WNY Inc. License #40GO1180110 Listed on: 05/27/2021

Howard Hanna WNY Inc.

Last Buyer's Agent

Colleen Ludwick

Listing by Realty Smith Inc. License #10401294501

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,882

Year Built

  • Built in 1860

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 132 x 66
  • Fenced Yard
  • Rectangular Lot

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Metal Roof

Interior Spaces

  • 1,948 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Car Garage
  • Garage Door Opener

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes lawn maintenance, refuse removal, water
  • Tax Lot 31
  • Assessor Parcel Number 290900-109-017-0003-031-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $5,711
  • Gross Income $19,773

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,882

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Annual Operating Expenses: 5711
  • NY Swis Code: Lockport-City-290900
  • Total Assessed Value: 68100
  • Foundation Description: Stone
  • Gross Annual Income: 19773
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 66
  • Lot Information: Near Bus Line, Primary Road
  • Lot Number: 31
  • Lot Shape: Rectangular
  • Nearest Cross Street: Minard St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 827000.00
  • Ratio Close Price By Sq Ft: 84.91
  • Ratio List Price By Acres: 750000.00
  • Ratio List Price By Sq Ft: 77.00
  • Regional Board Code: Buffalo
  • Rent Includes: Lawn Maintenance, Refuse Removal, Water
  • Roof Description: Asphalt, Metal
  • School Tax: 2021
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 8712
  • Age of Building: 162
  • Year Built: 1860
  • Above Grade Finished Sq Ft: 1948
  • Directions To Property: On Route 78 just south of Minard St. Sign in place.
  • Sq Ft Total Pub: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1860

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Laundry- Separate Hook ups- Some, Natural Woodwork - some
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1948

Exterior Features

  • Construction: Composition
  • Additional Exterior Features: Fully Fenced Yard, Garage Door Opener, Private Yard - see Remarks
  • Number of Acres: 0.2000

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 3.0000
  • Parking Driveway: 2 or More Spaces, Blacktop

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

Schools

  • School District: Lockport

Lot Info

  • Parcel Number: 290900-109-017-0003-031-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3882

MLS Schools

  • School District Name: Lockport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Aug 25, 2021
Sold by
Lewis Heather M
Bought by
Garvey Michael Edward and Garvey Marilyn June
Seller's Agent
Sandra Golonka
Howard Hanna WNY Inc.
Buyer's Agent
Colleen Ludwick
Realty Smith Inc.
List Price
$150,000
Sold Price
$165,400
Premium/Discount to List
$15,400
10.27%
Current Estimated Value
$203,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,729
Avg. Annual Appreciation
5.19%
Original Mortgage
$124,050
Outstanding Balance
$112,708
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$90,421

Purchase Details

Closed on
Mar 17, 2010
Sold by
Day Donna E
Bought by
Lewis Heather M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,552
Interest Rate
5.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 8, 2007
Sold by
Day James
Bought by
Day Donna
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
Garvey Michael Edward $211,000 None Listed On Document
Lewis Heather M $50,500 None Available
Day Donna $58,000 R Joseph Foltz
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garvey Michael Edward $124,050
Previous Owner Lewis Heather M $49,552
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $165,400 +10.3% $85 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $150,000 -9.3% $77 / Sq Ft
06/03/2021 06/03/21 Off Market $165,400 -- --
06/03/2021 06/03/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $150,000 -- $77 / 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 $5,088 $186,000 $10,500 $175,500
2023 $5,088 $182,000 $10,500 $171,500
2022 $3,659 $165,000 $10,500 $154,500
2021 $2,059 $68,100 $5,700 $62,400
2020 $1,930 $68,100 $5,700 $62,400
2019 $1,155 $68,100 $5,700 $62,400
2018 $1,183 $68,100 $5,700 $62,400
2017 $1,155 $68,100 $5,700 $62,400
2016 $1,067 $68,100 $5,700 $62,400
2015 -- $68,100 $5,700 $62,400
2014 -- $68,100 $5,700 $62,400
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1339836

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-109-017-0003-031-000