NOT LISTED FOR SALE

251 High St Lockport, NY 14094

Estimated Value: $137,000 - $150,462

5 Beds
3 Baths
2,332 Sq Ft
$62/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $52,500 $23 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $1,042/month

127 Days on Market

Highlights

  • Wood Flooring
  • Woodwork
  • Satellite Dish
  • Corner Lot

About This Home

As of January 2018

Outstanding income producing property! This 3 unit home sits on a beautiful corner lot on a peaceful street in Lockport. Has lots of historic charm and as of 2014, it is available for grants under the National Register of Historic Places. 1st and 2nd floor units are 2 bed, 1 bath; 3rd unit is efficiency unit (studio) apartment with separate entryway. Fully rented with long-term tenants of 10 years!

Last Agent to Sell the Property

Jason Sokody

Listing by Howard Hanna WNY Inc. License #10301212761 Listed on: 06/19/2017

Howard Hanna WNY Inc.

Last Buyer's Agent

Chad Mahoney

Listing by Prestige Family Realty License #10401350113

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,715

Year Built

  • Built in 1900

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 176 x 80
  • Corner Lot

Home Design

  • Mixed Use
  • Stone Foundation

Interior Spaces

  • 2,332 Sq Ft Home
  • 3-Story Property
  • Woodwork

Flooring

  • Wood
  • Vinyl

Basement

  • Partial Basement
  • Sump Pump

Parking

  • 2 Car Garage
  • Driveway

Schools

  • Lockport High School

Utilities

  • Multiple Heating Units
  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Rent includes garage, grounds maintenance, water
  • Tax Lot 48
  • Assessor Parcel Number 290900-109-018-0004-048-000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $4,827
  • Gross Income $17,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,715

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Annual Operating Expenses: 4827
  • NY Swis Code: Lockport-City-290900
  • Total Assessed Value: 55400
  • Foundation Description: Stone
  • Gross Annual Income: 17100
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 176
  • Lot Dimension Front: 80
  • Lot Information: Corner Lot, Neighborhood Street
  • Lot Number: 48
  • Nearest Cross Street: Locust
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 160648.71
  • Ratio Close Price By Sq Ft: 22.51
  • Ratio List Price By Acres: 192472.46
  • Ratio List Price By Sq Ft: 26.97
  • Regional Board Code: Buffalo
  • Rent Includes: Garage, Grounds Maintenance, Water
  • School Tax: 1435
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit, Mixed Use, Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 14236
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: Rt 78 north to High St (east). Corner of Locust St.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Laundry- Separate Hook ups- Some, Natural Woodwork - some, Sump Pump
  • Basement Description: Partial, Slab
  • Floor Description: Hardwood-Some, Vinyl-Some
  • Kitchen Appliances Included: Negotiable
  • Total Sq Ft: 2332

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Satellite Dish
  • Number of Acres: 0.3268

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Concrete, Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water, Wall Furnace
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas, Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 290900-109-018-0004-048-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2715

MLS Schools

  • High School Name: Lockport High
  • School District Name: Lockport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2021
Sold by
Pruitt Enterprises Llc
Bought by
Mallam Rajesh
Current Estimated Value
$144,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Outstanding Balance
$75,232
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$68,884

Purchase Details

Closed on
Jul 22, 2021
Sold by
Mcnett Jason
Bought by
Pruitt Enterprises Llc

Purchase Details

Listed on
Jun 19, 2017
Closed on
Dec 19, 2017
Sold by
Alaimo Robert J and Alaimo Kelli R
Bought by
Mcnett Jason
Seller's Agent
Jason Sokody
Howard Hanna WNY Inc.
Buyer's Agent
Chad Mahoney
Prestige Family Realty
List Price
$62,900
Sold Price
$52,500
Premium/Discount to List
-$10,400
-16.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.78%
Original Mortgage
$39,375
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 1996
Sold by
Schenider Ida M
Bought by
Alaimo Robert J and Alaimo Eklli R
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
Mallam Rajesh $110,000 Chicago Title Insurance Co
Pruitt Enterprises Llc $65,000 None Available
Mcnett Jason $52,500 --
Alaimo Robert J $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mallam Rajesh $82,500
Previous Owner Mcnett Jason $39,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2018 01/02/18 Sold $52,500 -16.5% $23 / Sq Ft
10/24/2017 10/24/17 Pending -- -- --
09/14/2017 09/14/17 For Sale $62,900 0.0% $27 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $62,900 -- $27 / 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 $3,452 $127,000 $6,000 $121,000
2023 $3,383 $121,000 $6,000 $115,000
2022 $2,537 $110,000 $6,000 $104,000
2021 $2,185 $55,400 $7,000 $48,400
2020 $2,138 $55,400 $7,000 $48,400
2019 $479 $55,400 $7,000 $48,400
2018 $1,546 $55,400 $7,000 $48,400
2017 $1,540 $55,400 $7,000 $48,400
2016 $1,491 $55,400 $7,000 $48,400
2015 -- $55,400 $7,000 $48,400
2014 -- $55,400 $7,000 $48,400
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1056006

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-109-018-0004-048-000