NOT LISTED FOR SALE

285 Elmwood Ave Lockport, NY 14094

Estimated Value: $149,000 - $192,531

4 Beds
2 Baths
2,092 Sq Ft
$80/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $149,000 $71 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,266/month

12 Days on Market

About This Home

As of October 2023

2 Family home with good sized back yard. This home is close to Roy B Kelly school and close to other amenities. This home could make a good owner-occupied setup and rent the upstairs to offset the mortgage. This could be a good investment property as well. Both Hot water tanks were replaced in 2022. Larger lower unit with nice finishes may be just what you're looking for. Both units are 2 bedroom and 1 bathroom. First floor laundry hookups. Come put your design on the upper unit and build some equity. Showings to start July 10th and offers due on July 17th by 5PM.

Last Agent to Sell the Property

Jason Castricone

Listing by No Office Affiliation License #10371201369 Listed on: 07/09/2023

Last Buyer's Agent

Kevin Jordan

Listing by HUNT Real Estate Corporation License #10401230686

HUNT Real Estate Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,186

Year Built

  • Built in 1905

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 142 x 69

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,092 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes heat, hot water, lawn maintenance
  • Tax Lot 37
  • Assessor Parcel Number 290900-109-015-0001-037-000

Community Details

Overview

  • 2 Units
  • Section 10971 Community
  • Section 10971 Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,186

Year Built

Built in 1905

Lot Details

0

Listing Details

  • NY Swis Code: Lockport-City-290900
  • Total Assessed Value: 110000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 142
  • Lot Dimension Front: 69
  • Lot Information: Primary Road
  • Lot Number: 37
  • Nearest Cross Street: Reed
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 677272.73
  • Ratio Close Price By Sq Ft: 71.22
  • Ratio List Price By Acres: 681363.64
  • Ratio List Price By Sq Ft: 71.65
  • Regional Board Code: Buffalo
  • Rent Includes: Heat, Hot Water, Lawn Maintenance
  • School Tax: 2235
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 9583
  • Age of Building: 118
  • Year Built: 1905
  • Above Grade Finished Sq Ft: 2092
  • Directions To Property: On Elmwood on right hand side, across from new apartment complex.
  • Sq Ft Total Pub: 2092
  • Subdivision Comm Complex: Section 10971
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1905

Interior Features

  • Full Bathrooms: 2
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Tile-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Total Sq Ft: 2092

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.2200

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Lockport

Lot Info

  • Parcel Number: 290900-109-015-0001-037-000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 5186

MLS Schools

  • School District Name: Lockport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2023
Closed on
Oct 24, 2023
Sold by
Castricone Real Estate & Development Llc
Bought by
Crissy Sarah E
Seller's Agent
Jason Castricone
No Office Affiliation
Buyer's Agent
Kevin Jordan
HUNT Real Estate Corporation
List Price
$149,900
Sold Price
$149,000
Premium/Discount to List
-$900
-0.6%
Views
75
Current Estimated Value
$167,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,633
Avg. Annual Appreciation
6.13%
Original Mortgage
$141,930
Outstanding Balance
$139,171
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$28,462

Purchase Details

Closed on
Mar 14, 2021
Sold by
Lee Roy C and Lee Paulette L
Bought by
Castricone R/E & Dev Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
3%
Mortgage Type
New Conventional
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
Crissy Sarah E $149,500 Equity Title
Castricone R/E & Dev Llc $427 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crissy Sarah E $141,930
Previous Owner Castricone R/E & Dev Llc $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2023 10/26/23 Sold $149,000 -0.6% $71 / Sq Ft
07/21/2023 07/21/23 Pending -- -- --
07/09/2023 07/09/23 For Sale $149,900 +141.8% $72 / Sq Ft
05/24/2021 05/24/21 Sold $62,000 -17.3% $30 / Sq Ft View Prior Sale
10/30/2020 10/30/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $75,000 -- $36 / 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 $4,519 $149,000 $6,800 $142,200
2023 $4,519 $121,000 $6,800 $114,200
2022 $2,740 $110,000 $6,800 $103,200
2021 $3,009 $76,300 $8,100 $68,200
2020 $2,779 $76,300 $8,100 $68,200
2019 $496 $76,300 $8,100 $68,200
2018 $40 $76,300 $8,100 $68,200
2017 $40 $76,300 $8,100 $68,200
2016 $38 $76,300 $8,100 $68,200
2015 -- $76,300 $8,100 $68,200
2014 -- $76,300 $8,100 $68,200
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1483189

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-109-015-0001-037-000