NOT LISTED FOR SALE

24 Lorraine Ave Buffalo, NY 14220

Abbott McKinley Neighborhood

Estimated Value: $238,000 - $272,000

6 Beds
2 Baths
2,688 Sq Ft
$94/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $81,000 $30 Per Sq Ft

Est. 204% increase in value since last sale

Current estimated payment $1,396/month

11 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Property is near a bus stop
  • Full Attic

About This Home

As of February 2017

Public Open House Tuesday September 27th 5-7 pm.
Calling all investors! 3/2 double on great street in coveted South Buffalo Neighborhood. Original woodwork throughout, some copper plumbing, circuit breakers, and strong, solid foundation. Newer furnaces. Priced to sell. Make an offer!

Last Agent to Sell the Property

Stephanie Morgan

Listing by JRS Morgan Realty LLC License #49MO0969814 Listed on: 09/20/2016

Last Buyer's Agent

Allison Photiadis

Listing by Nichol City Realty License #10401245538

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,856

Year Built

  • Built in 1930

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 110 x 40

Interior Spaces

  • 2,688 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Attic

  • Full Attic
  • Unfinished Attic

Parking

  • 1.5 Car Garage
  • 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

  • Assessor Parcel Number 140200-133-400-0005-055-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,856

Year Built

Built in 1930

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 70200
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 110
  • Lot Dimension Front: 40
  • Lot Information: Near Bus Line, Neighborhood Street
  • Nearest Cross Street: McKinley
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 801980.20
  • Ratio Close Price By Sq Ft: 30.13
  • Ratio List Price By Acres: 741584.16
  • Ratio List Price By Sq Ft: 27.86
  • Regional Board Code: Buffalo
  • Sub Board Code: Buffalo
  • Type of Residence: 1 Lot - Multi Structures, Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4400
  • Age of Building: 92
  • Year Built: 1930
  • Directions To Property: Heading south on Abbott, right on Lorraine
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Attic Description: Full, Stair Access, Unfinished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Tile-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Number of Rooms: 15
  • Total Sq Ft: 2688

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1010

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.5000
  • Parking Driveway: 1 Space, Concrete, Street

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-133-400-0005-055-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1856

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2016
Closed on
Feb 24, 2017
Sold by
Locking Harlan T and Locking Bonnie L
Bought by
Russell Brian
Seller's Agent
Stephanie Morgan
JRS Morgan Realty LLC
Buyer's Agent
Allison Photiadis
Nichol City Realty
List Price
$74,900
Sold Price
$81,000
Premium/Discount to List
$6,100
8.14%
Current Estimated Value
$246,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,018
Avg. Annual Appreciation
14.31%

Purchase Details

Closed on
Aug 30, 2004
Sold by
Schuster Rudolph and Schuster Ruth
Bought by
Locking Harlan T and Locking Bonnie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,970
Interest Rate
6.02%
Mortgage Type
FHA
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
Russell Brian $81,000 None Available
Locking Harlan T $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Locking Harlan T $66,970
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2017 02/24/17 Sold $81,000 +8.1% $30 / Sq Ft
10/01/2016 10/01/16 Pending -- -- --
09/20/2016 09/20/16 For Sale $74,900 -- $28 / 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 $588 $116,000 $10,700 $105,300
2023 $588 $116,000 $10,700 $105,300
2022 $583 $116,000 $10,700 $105,300
2021 $1,926 $116,000 $10,700 $105,300
2020 $540 $116,000 $10,700 $105,300
2019 $1,926 $70,200 $6,300 $63,900
2018 $1,812 $70,200 $6,300 $63,900
2017 $418 $70,200 $6,300 $63,900
2016 $1,709 $70,200 $6,300 $63,900
2015 -- $70,200 $6,300 $63,900
2014 -- $70,200 $6,300 $63,900
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Morgan

    Seller's Agent in 2017

    Stephanie Morgan

    JRS Morgan Realty LLC

    (716) 866-8101

    150 Total Sales

    Section Image

  • A

    Buyer's Agent in 2017

    Allison Photiadis

    Nichol City Realty

    (716) 207-8385

    3 Total Sales

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Map

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

MLS Number: B1003642

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-133-400-0005-055-000

New York Erie County Buffalo 14220 Abbott McKinley

24 Lorraine Ave, Buffalo, NY

This home is located at 24 Lorraine Ave, Buffalo, NY 14220 since 20 September 2016 and is currently estimated at $253,697, approximately $94 per square foot. This property was built in 1930. 24 Lorraine Ave is a home located in Erie County with nearby schools including Western New York Maritime Charter School, Bishop Timon-St. Jude High School, and Mount Mercy Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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