NOT LISTED FOR SALE

242 Minnesota Ave Buffalo, NY 14215

University District Neighborhood

Estimated Value: $227,000 - $291,000

8 Beds
2 Baths
2,879 Sq Ft
$91/Sq Ft Est. Value

Last Sold January 12, 2023

Last sale price $230,000 $80 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,436/month

6 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Forced Air Cooling System
  • Full Attic

About This Home

As of January 2023

Investor's Opportunity with great location, location, location!! This well maintained 4/4 Double located in Buffalo's University Diversity in walking distance of UB South Campus & reach to City main streets, bus lines, restaurants, shopping and more. This can serve as great university student rental, residential rental or owner occupant.

Tenant Occupied. Shows begin immediately with a 48 Hour request. Please submit all request via showing time. Preferred showing time request 11:00am-5:30pm.

Seller will make no repairs due to inspection or appraisal.

Seller will review all offers as they come. Please submit your highest and best offer.

Last Agent to Sell the Property

Lindsey Taylor

Listing by No Office Affiliation License #10301219904 Listed on: 10/06/2022

Last Buyer's Agent

Pushpa Gunatilake

Listing by Pioneer Star Real Estate Inc. License #10311200587

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,637

Year Built

  • Built in 1927

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 150 x 40
  • Fenced Yard

Parking

  • 2 Car Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,879 Sq Ft Home
  • 2.5-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Full Attic

Utilities

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

Listing and Financial Details

  • Rent includes electric, water
  • Tax Lot 10
  • Assessor Parcel Number 140200-079-710-0003-010-000

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,637

Year Built

Built in 1927

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 107000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 150
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 10
  • Nearest Cross Street: Parkridge
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1670297.75
  • Ratio Close Price By Sq Ft: 79.89
  • Ratio List Price By Acres: 1633979.67
  • Ratio List Price By Sq Ft: 78.15
  • Regional Board Code: Buffalo
  • Rent Includes: Electric, Water
  • Roof Description: Asphalt
  • School Tax: 505
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6000
  • Age of Building: 96
  • Year Built: 1927
  • Above Grade Finished Sq Ft: 2879
  • Directions To Property: Parking to Minnesota and/or Main to Minnesota
  • Sq Ft Total Pub: 2879
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1927

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some
  • Total Sq Ft: 2879

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Fully Fenced Yard
  • Number of Acres: 0.1377

Garage/Parking

  • Number of Electric Meters: 1
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces

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: 140200-079-710-0003-010-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1637

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Dec 1, 2022
Sold by
Thompson Chantele M and Scissum Chantele M
Bought by
Kabir Md A and Begum Rokeya
Seller's Agent
Lindsey Taylor
No Office Affiliation
Buyer's Agent
Pushpa Gunatilake
Pioneer Star Real Estate Inc.
List Price
$224,999
Sold Price
$230,000
Premium/Discount to List
$5,001
2.22%
Views
43
Current Estimated Value
$261,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,177
Avg. Annual Appreciation
0.82%

Purchase Details

Listed on
Sep 17, 2014
Closed on
Nov 15, 2014
Sold by
Acosta Richard
Bought by
Scissum Chantele M
Seller's Agent
Todd Vanderlip
Park Realty of WNY LLC
Buyer's Agent
Lindsey Taylor
No Office Affiliation
List Price
$89,900
Sold Price
$94,900
Premium/Discount to List
$5,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%
Original Mortgage
$93,180
Interest Rate
4.02%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kabir Md A $230,000 None Available
Kabir Md A $230,000 None Available
Scissum Chantele M $94,900 None Available
Scissum Chantele M $94,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kabir Md A $150,000
Previous Owner Thompson Chantele M $93,793
Previous Owner Scissum Chantele M $93,180
Previous Owner Scissum Chantele M $93,180
Previous Owner Acosta Richard $64,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2023 01/12/23 Sold $230,000 +2.2% $80 / Sq Ft
10/12/2022 10/12/22 Pending -- -- --
10/06/2022 10/06/22 For Sale $224,999 +137.1% $78 / Sq Ft
12/03/2014 12/03/14 Sold $94,900 +5.6% $40 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
09/17/2014 09/17/14 For Sale $89,900 -- $38 / 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 $542 $107,000 $7,600 $99,400
2023 $542 $107,000 $7,600 $99,400
2022 $538 $107,000 $7,600 $99,400
2021 $538 $107,000 $7,600 $99,400
2020 $448 $107,000 $7,600 $99,400
2019 $1,597 $58,200 $6,200 $52,000
2018 $1,503 $58,200 $6,200 $52,000
2017 $346 $58,200 $6,200 $52,000
2016 $1,417 $58,200 $6,200 $52,000
2015 -- $58,200 $6,200 $52,000
2014 -- $58,200 $6,200 $52,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lindsey Taylor

    No Office Affiliation

    Section Image
  • Pushpa Gunatilake

    Buyer's Agent in 2023

    Pushpa Gunatilake

    Pioneer Star Real Estate Inc.

    (716) 907-3046

    42 in this area

    383 Total Sales

    Pushpa Gunatilake
    Section Image
  • Todd Vanderlip

    Seller's Agent in 2014

    Todd Vanderlip

    Park Realty of WNY LLC

    (716) 563-2166

    3 in this area

    159 Total Sales

    Todd Vanderlip
    Section Image
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Map

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

MLS Number: B1437781

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-079-710-0003-010-000

New York Erie County Buffalo 14214 University District

242 Minnesota Ave, Buffalo, NY

This home is located at 242 Minnesota Ave, Buffalo, NY 14215 since 06 October 2022 and is currently estimated at $261,177, approximately $90 per square foot. This property was built in 1927. 242 Minnesota Ave is a home located in Erie County with nearby schools including Westminster Community Charter School, Buffalo United Charter School, and St. Joseph University School.

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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