NOT LISTED FOR SALE

245 Minnesota Ave Buffalo, NY 14215

University District Neighborhood

Estimated Value: $184,000 - $283,000

6 Beds
2 Baths
3,276 Sq Ft
$69/Sq Ft Est. Value

Last Sold March 14, 2016

Last sale price $51,000 $16 Per Sq Ft

Est. 344% increase in value since last sale

Current estimated payment $1,237/month

14 Days on Market

Highlights

  • Wood Flooring
  • Full Attic
  • Forced Air Cooling System

About This Home

As of March 2016

This great investment opportunity is being offered below market and assessed value. Price reflects needed updates and repairs but for the savvy investor this is a must see. Special addenda apply. Property is being sold in as is condition

Last Agent to Sell the Property

William Zaehringer

Listing by eXp Realty License #30ZA0989331 Listed on: 10/23/2015

eXp Realty

Last Buyer's Agent

Syed Rizvi

Listing by Keller Williams Realty WNY License #10401279412

Keller Williams Realty WNY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,675

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 150 x 40

Home Design

  • Duplex

Interior Spaces

  • 3,276 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Linoleum

Parking

  • 2 Car Garage
  • Driveway

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 140200-079-710-0004-008-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,675

Year Built

Built in 1920

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Age: 95
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 72000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 150
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • L P Per Acre: 357142.8600
  • List Price per Sq Ft: 15.2625
  • Nearest Cross Street: Parkridge
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 364285.71
  • Ratio Close Price By Sq Ft: 15.57
  • Ratio List Price By Acres: 357142.86
  • Ratio List Price By Sq Ft: 15.26
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Sale Price List Price: 1.0200
  • S P Per Acre: 364285.7100
  • S P Per Sq Ft: 15.5700
  • Sub Board Code: Buffalo
  • Type of Residence: Duplex
  • Type of Sale: Bank Owned / REO
  • Value Range Search Low Price: 50000.00
  • Year Built Description: Existing
  • Age of Building: 102
  • Year Built: 1920
  • Directions To Property: Main or Bailey to Minnesota
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Linoleum/Vinyl
  • Number of Rooms: 11
  • Total Sq Ft: 3276

Exterior Features

  • Construction: Composition, Wood
  • Number of Acres: 0.1400

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: Concrete

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

Lot Info

  • Parcel Number: 140200-079-710-0004-008-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1675

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2015
Closed on
Mar 11, 2016
Sold by
The B Mellon Trust Co
Bought by
The Mellon Trust Co
Seller's Agent
William Zaehringer
eXp Realty
Buyer's Agent
Syed Rizvi
Keller Williams Realty WNY
List Price
$50,000
Sold Price
$51,000
Premium/Discount to List
$1,000
2%
Current Estimated Value
$226,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,525
Avg. Annual Appreciation
16.01%

Purchase Details

Listed on
Oct 23, 2015
Closed on
Feb 22, 2016
Sold by
Bank Of New York Mellon Trust Company Na
Bought by
Bank Of New York Mellon Trust Company Na and The Bank Of New York Trust Company Na
Seller's Agent
William Zaehringer
eXp Realty
Buyer's Agent
Syed Rizvi
Keller Williams Realty WNY
List Price
$50,000
Sold Price
$51,000
Premium/Discount to List
$1,000
2%

Purchase Details

Listed on
Oct 23, 2015
Closed on
Feb 10, 2016
Sold by
Bank Of New York Mellon Trust Company Na
Bought by
Meah Shavenn Y
Seller's Agent
William Zaehringer
eXp Realty
Buyer's Agent
Syed Rizvi
Keller Williams Realty WNY
List Price
$50,000
Sold Price
$51,000
Premium/Discount to List
$1,000
2%

Purchase Details

Closed on
Jul 27, 2015
Sold by
Kupchik Brian M and Cheng Joseph H
Bought by
The Bank Of New York Mellon Trust Co

Purchase Details

Closed on
Jun 6, 2004
Sold by
Rizzo Ronald and Winkler Thomas
Bought by
Kupchik Brian M and Cheng Joseph H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,260
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Mellon Trust Co -- --
Bank Of New York Mellon Trust Company Na -- None Available
Meah Shavenn Y $51,000 None Available
The Bank Of New York Mellon Trust Co $92,862 None Available
Kupchik Brian M $71,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kupchik Brian M $64,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2016 03/14/16 Sold $51,000 +2.0% $16 / Sq Ft
11/06/2015 11/06/15 Pending -- -- --
10/23/2015 10/23/15 For Sale $50,000 -- $15 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $555 $99,000 $7,600 $91,400
2023 $514 $99,000 $7,600 $91,400
2022 $498 $99,000 $7,600 $91,400
2021 $498 $99,000 $7,600 $91,400
2020 $554 $99,000 $7,600 $91,400
2019 $1,975 $72,000 $6,200 $65,800
2018 $1,859 $72,000 $6,200 $65,800
2017 $428 $72,000 $6,200 $65,800
2016 $1,753 $72,000 $6,200 $65,800
2015 -- $72,000 $6,200 $65,800
2014 -- $72,000 $6,200 $65,800
Source: Public Records

Agents Affiliated with this Home

  • William Zaehringer

    Seller's Agent in 2016

    William Zaehringer

    eXp Realty

    (716) 713-1517

    150 Total Sales

    William Zaehringer
    Section Image
  • Syed Rizvi

    Buyer's Agent in 2016

    Syed Rizvi

    Keller Williams Realty WNY

    (716) 946-2700

    24 in this area

    219 Total Sales

    Syed Rizvi
    Section Image
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Map

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

MLS Number: B487771

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-079-710-0004-008-000

New York Erie County Buffalo 14214 University District

245 Minnesota Ave, Buffalo, NY

Not Listed for Sale

MultiFamily

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