NOT LISTED FOR SALE

249 Main St Arcade, NY 14009

Estimated Value: $611,112

-- Bed
-- Bath
13 Sq Ft
$47,009/Sq Ft Est. Value

Last Sold July 24, 2013

Last sale price $310,000 $23,846 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,986/month

391 Days on Market

Highlights

  • 13,230 Acre Lot
  • Wood Flooring
  • Baseboard Heating

About This Home

As of July 2013

Great Income Opportunity!! This building has 9 apartments and 5 commercial unit. Parking in Village lot, Village maintains this lot and plows snow. Low tenant turn over. Owner just invested approx $100,000 in repairs and upgrades.

Last Agent to Sell the Property

David Wolfe

Listing by No Office Affiliation Listed on: 03/15/2012

Last Buyer's Agent

David Wolfe

Listing by No Office Affiliation Listed on: 03/15/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,800

Year Built

  • Built in 1913

Lot Details

  • 13,230 Acre Lot
  • Lot Dimensions are 49x90

Home Design

  • Brick Exterior Construction

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Baseboard Heating
  • Gas Water Heater

Additional Features

  • 3-Story Property
  • Flood Zone Lot

Listing and Financial Details

  • Rent includes common area maintenance, hot water, trash collection, water
  • Assessor Parcel Number 562001-183-014-0001-012-000-0000

Community Details

Overview

  • 8 Units
  • Arcade Village Subdivision

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $19,000
  • Gross Income $63,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,800

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: Common Area Maintenance, Hot Water, Trash Collection, Water
  • Year Built: 1913
  • Lot Features: Flood Zone
  • Subdivision Name: ARCADE VILLAGE
  • Directions: INTERSECTION OF RT 39 & RT 98 SOUTH. NORTH SIDE OF SRTEET (RT 39)
  • Flooring: Carpet, Hardwood, Linoleum, Varies, Vinyl
  • Garage Yn: No
  • Year Built Details: Existing
  • Property Sub Type Additional: Commercial
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Electric Range, Gas Water Heater, Refrigerator
  • Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 13230.0
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Blacktop Driveway

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage

Utilities

  • Heating: Electric, Baseboard
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Pioneer

Lot Info

  • Parcel Number: 562001-183-014-0001-012-000-0000
  • Lot Dimensions: 49X90
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 63600.0
  • Annual Operating Expense: 19000.0
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 9800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2012
Closed on
Jul 24, 2013
Sold by
Wolfe Enterprise Usa Llc
Bought by
Arcadian Complex Llc
Seller's Agent
David Wolfe
No Office Affiliation
Buyer's Agent
David Wolfe
No Office Affiliation
List Price
$365,000
Sold Price
$310,000
Premium/Discount to List
-$55,000
-15.07%
Current Estimated Value
$611,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,112
Avg. Annual Appreciation
5.64%

Purchase Details

Closed on
Jun 15, 2005
Sold by
Inneo Michael
Bought by
Wolfe Enterprise Usa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
5.78%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arcadian Complex Llc $310,000 Margaret Linsner
Wolfe Enterprise Usa Llc $233,500 Sandra L Pieczynski
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wolfe Enterprise Usa Llc $193,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2013 07/24/13 Sold $310,000 -15.1% $23,846 / Sq Ft
04/10/2013 04/10/13 Pending -- -- --
03/15/2012 03/15/12 For Sale $365,000 -- $28,077 / 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 $9,526 $249,000 $8,600 $240,400
2023 $9,500 $249,000 $8,600 $240,400
2022 $9,440 $249,000 $8,600 $240,400
2021 $9,959 $249,000 $8,600 $240,400
2020 $10,483 $230,000 $7,800 $222,200
2019 $10,287 $230,000 $7,800 $222,200
2018 $10,287 $230,000 $7,800 $222,200
2017 $6,084 $230,000 $7,800 $222,200
2016 $11,179 $255,000 $7,800 $247,200
2015 -- $255,000 $7,800 $247,200
2014 -- $255,000 $7,800 $247,200
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B403735

Western New York Real Estate Information Services (WNYREIS)

APN: 562001-183-014-0001-012-000-0000