NOT LISTED FOR SALE

2400 Lockport Olcott Rd Newfane, NY 14108

Estimated Value: $150,000 - $175,454

3 Beds
2 Baths
1,162 Sq Ft
$142/Sq Ft Est. Value

Last Sold February 20, 2019

Last sale price $74,200 $64 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,138/month

8 Days on Market

Highlights

  • 118 Feet of Waterfront
  • Wood Flooring
  • Patio
  • Deck
  • Forced Air Cooling System
  • Partially Fenced Property

About This Home

As of February 2019

Affordable income property is conveniently located,offers off street parking and a beautiful view of Eighteen Mile Creek. Both units currently occupied. Each has 1 bedroom, eat in kitchen with elec. stoves and refrigerators, living room with dining area overlooking the Creek. Full bath with showers, good storage areas. Knotty pine paneling and hardwood floors. Common laundry room and garage storage. Lower has concrete patio and upper features a walk out deck. Separate electric, one furnace controlled by upper unit. Vinyl siding, nice yard with some pine trees. Easy maintenance. Roof approx. 2007, new insulated garage door, new exterior doors, more. Price reflects exterior window trim in need of paint. This well maintained property is easy to view.

Last Agent to Sell the Property

Sandra Golonka

Listing by Howard Hanna WNY Inc. License #40GO1180110 Listed on: 11/19/2018

Howard Hanna WNY Inc.

Last Buyer's Agent

Diane Ziehl

Listing by No Office Affiliation License #10401314672

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,613

Year Built

  • Built in 1920

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 125 x 105
  • 118 Feet of Waterfront
  • River Front
  • Partially Fenced Property

Parking

  • Stone Driveway

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,162 Sq Ft Home
  • 2-Story Property
  • Electric Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Rent includes heat, water
  • Tax Lot 14
  • Assessor Parcel Number 292800-025-016-0001-014-000

Community Details

Overview

  • 2 Units
  • Holland Land Companys Community
  • Holland Land Companys Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • Operating Expense $6,900
  • Gross Income $12,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,613

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Annual Operating Expenses: 6900
  • NY Swis Code: Newfane-292800
  • Total Assessed Value: 56700
  • Gross Annual Income: 12300
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 125
  • Lot Dimension Front: 105
  • Lot Information: Primary Road, Water View
  • Lot Number: 14
  • Nearest Cross Street: Ketchum
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 246266.18
  • Ratio Close Price By Sq Ft: 63.86
  • Ratio List Price By Acres: 232326.58
  • Ratio List Price By Sq Ft: 60.24
  • Regional Board Code: Buffalo
  • Rent Includes: Heat, Water
  • School Tax: 1586
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 13125
  • Age of Building: 102
  • Year Built: 1920
  • Directions To Property: On Route 78 ... north of Village of Newfane. Sign in place
  • Subdivision Comm Complex: Holland Land Companys
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Laundry-Common
  • Attic Description: Crawl Space
  • Basement Description: Slab
  • Floor Description: Ceramic-Some, Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dryer, Oven/Range Electric-Some, Refrigerator, Washer
  • Total Sq Ft: 1162

Exterior Features

  • Construction: Vinyl
  • Waterfront Name: Eighteenmile Creek
  • Additional Exterior Features: Cable TV Available, Deck, Partially Fenced Yard, Patio
  • Number of Acres: 0.3013
  • Waterfront Description: River/Stream/Creek
  • Waterfront Frontage: 118

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Separate Utilities: Electricity
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Newfane

Lot Info

  • Parcel Number: 292800-025-016-0001-014-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2613

MLS Schools

  • School District Name: Newfane

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2020
Sold by
Smith Shawn M
Bought by
Smith Shawn M and Smith Breezy L
Current Estimated Value
$161,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Outstanding Balance
$59,888
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$92,514

Purchase Details

Listed on
Nov 19, 2018
Closed on
Feb 6, 2019
Sold by
Scheffler Scott R
Bought by
Smith Shawn M
Seller's Agent
Sandra Golonka
Howard Hanna WNY Inc.
Buyer's Agent
Diane Ziehl
No Office Affiliation
List Price
$70,000
Sold Price
$74,200
Premium/Discount to List
$4,200
6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.79%
Original Mortgage
$72,856
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 26, 2003
Sold by
Budziszewski Jeffrey
Bought by
Scheffler Scott

Purchase Details

Closed on
Sep 14, 2001
Sold by
Sikora Kirk A
Bought by
Budziszewski Jeffrey J
Source: Public Records

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
Smith Shawn M -- None Available
Smith Shawn M $74,500 None Available
Scheffler Scott $55,000 Uaw Legal Services
Budziszewski Jeffrey J $51,500 Phil Chamot
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Shawn M $67,000
Closed Smith Shawn M $72,856
Previous Owner Scheffler Scott R $19,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2019 02/20/19 Sold $74,200 +6.0% $64 / Sq Ft
11/27/2018 11/27/18 Pending -- -- --
11/19/2018 11/19/18 For Sale $70,000 -- $60 / 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 $2,965 $56,700 $11,100 $45,600
2023 $2,965 $56,700 $11,100 $45,600
2022 $2,899 $56,700 $11,100 $45,600
2021 $2,881 $56,700 $11,100 $45,600
2020 $3,021 $56,700 $11,100 $45,600
2019 $2,175 $56,700 $11,100 $45,600
2018 $3,003 $56,700 $11,100 $45,600
2017 $2,175 $56,700 $11,100 $45,600
2016 $2,134 $56,700 $11,100 $45,600
2015 -- $56,700 $11,100 $45,600
2014 -- $56,700 $11,100 $45,600
Source: Public Records

Agents Affiliated with this Home

  • Sandra Golonka

    Seller's Agent in 2019

    Sandra Golonka

    Howard Hanna

    (716) 601-4973

    17 in this area

    142 Total Sales

    Section Image

  • D

    Buyer's Agent in 2019

    Diane Ziehl

    No Office Affiliation

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Map

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

MLS Number: B1161049

Western New York Real Estate Information Services (WNYREIS)

APN: 292800-025-016-0001-014-000

New York Niagara County Newfane 14108

2400 Lockport Olcott Rd, Newfane, NY

This home is located at 2400 Lockport Olcott Rd, Newfane, NY 14108 since 19 November 2018 and is currently estimated at $165,114, approximately $142 per square foot. This property was built in 1920. 2400 Lockport Olcott Rd is a home located in Niagara County with nearby schools including Newfane Elementary School, Newfane Senior High School, and Newfane Middle School.

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