NOT LISTED FOR SALE

Estimated Value: $123,243 - $226,000

5 Beds
2 Baths
6,237 Sq Ft
$26/Sq Ft Est. Value

Last Sold January 07, 2015

Last sale price $47,500 $8 Per Sq Ft

Est. 241% increase in value since last sale

Current estimated payment $889/month

3 Days on Market

Highlights

  • Rowhouse Architecture
  • 4 Fireplaces
  • Property is near a bus stop
  • Wood Flooring
  • Forced Air Cooling System
  • Rectangular Lot

About This Home

As of January 2015

Unbelievable opportunity for a four unit at just over $10,000 per unit! 228 and 230 W Delavan are two side by side rowhouses separated by a firewall so no certificate of occupancy is required. Four 3 bedroom units need mostly cosmetic work to bring them to market rate potential. Plumbing and heating systems at 228 have been removed, requiring a cash sale or rehab loan. Shingle front and brick on three sides. No back yard to maintain! All separate utilites. Property will be delivered vacant at closing. Tremendous opportunity for the savvy investor.

Last Agent to Sell the Property

James Mack

Listing by Gurney Becker & Bourne License #30MA0664888 Listed on: 10/04/2014

Last Buyer's Agent

James Mack

Listing by Gurney Becker & Bourne License #30MA0664888 Listed on: 10/04/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,293

Year Built

  • Built in 1910

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 66 x 41
  • Rectangular Lot

Home Design

  • Rowhouse Architecture
  • Stone Foundation

Interior Spaces

  • 6,237 Sq Ft Home
  • 2.5-Story Property
  • 4 Fireplaces
  • Electric Fireplace
  • Basement Fills Entire Space Under The House
  • Unfinished Attic

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Parking

  • No Garage
  • No Driveway
  • On-Street Parking

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 no utilities
  • Assessor Parcel Number 140200-088-830-0002-002-000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Operating Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,293

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Age: 104
  • Annual Operating Expenses: 1000
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 53000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 66
  • Lot Dimension Front: 41
  • Lot Information: Near Bus Line
  • Lot Shape: Rectangular
  • L P Per Acre: 708333.3300
  • List Price per Sq Ft: 6.8141
  • Nearest Cross Street: Congress
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 791666.67
  • Ratio Close Price By Sq Ft: 7.62
  • Ratio List Price By Acres: 708333.33
  • Ratio List Price By Sq Ft: 6.81
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: No Utilities
  • School Tax: 477
  • Sale Price List Price: 1.1176
  • S P Per Acre: 791666.6700
  • S P Per Sq Ft: 7.6200
  • Sub Board Code: Buffalo
  • Type of Residence: 4 Unit, Rehab Needed, Row Dwelling
  • Type of Sale: Normal
  • Value Range Search Low Price: 42500.00
  • Year Built Description: Existing
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: West Delavan between Grant Street and Congress.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1910

Interior Features

  • Additional Interior Features: Electrical Fuses - some
  • Attic Description: Stair Access, Unfinished
  • Basement Description: Full
  • Floor Description: Tile-Some, Wall To Wall Carpet-Some, Wood-Some
  • Number of Fireplaces Artificial: 4
  • Number of Fireplaces Total Calculated: 4
  • Number of Rooms: 40
  • Total Sq Ft: 6237

Exterior Features

  • Construction: Brick, Shake Shingle
  • Number of Acres: 0.0600

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 4
  • Parking Driveway: No Driveway, Street

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo
  • Elementary School: Other - See Remarks
  • Middle School: Other - See Remarks
  • High School: Other - See Remarks

Lot Info

  • Parcel Number: 140200-088-830-0002-002-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 1293

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2007
Sold by
Walton Raymond T and Walton Verlie B
Bought by
Byous Paul L
Current Estimated Value
$162,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,500
Interest Rate
6.24%
Mortgage Type
Seller Take Back
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
Byous Paul L $20,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Byous Paul L $17,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2015 01/07/15 Sold $47,500 +11.8% $8 / Sq Ft
10/07/2014 10/07/14 Pending -- -- --
10/04/2014 10/04/14 For Sale $42,500 -- $7 / 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 $152 $30,000 $3,000 $27,000
2023 $152 $30,000 $3,000 $27,000
2022 $151 $30,000 $3,000 $27,000
2021 $151 $30,000 $3,000 $27,000
2020 $192 $30,000 $3,000 $27,000
2019 $686 $25,000 $2,300 $22,700
2018 $645 $25,000 $2,300 $22,700
2017 $149 $25,000 $2,300 $22,700
2016 $609 $25,000 $2,300 $22,700
2015 -- $25,000 $2,300 $22,700
2014 -- $25,000 $2,300 $22,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B462387

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-750-0006-029-000