NOT LISTED FOR SALE

287 E Terrace Ave Lakewood, NY 14750

Estimated Value: $311,000 - $393,000

3 Beds
1.5 Baths
1,368 Sq Ft
$261/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $298,000 $218 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,454/month

8 Days on Market

Highlights

  • Lake Front
  • Deck
  • Porch
  • Beach Access
  • Cottage
  • Open Patio

About This Home

As of October 2021

This super cute, tastefully decorated Lake Front cottage on Chautauqua Lake can be yours! Enjoy this year round home and all the amenities this home has to offer! Close to Wegmans, shopping, clubs , parks etc. This 3 bedroom, 1.5 bath home has an open floor plan with tons of storage. Main floor half bath and laundry area, Large lakeside Deck, fully furnished and Includes the Dock! Dont miss this one! Any and all offers due Monday Aug 2

Last Agent to Sell the Property

Cynthia Sellstrom

Listing by ERA Team VP Real Estate License #10401236069 Listed on: 07/26/2021

ERA Team VP Real Estate

Last Buyer's Agent

Sharon Lisciandro

Listing by Century 21 Turner Brokers License #40LI1108772

Century 21 Turner Brokers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,669

Year Built

  • Built in 1970

Lot Details

  • 26 Sq Ft Lot
  • Lot Dimensions are 26x211
  • Lake Front

Home Design

  • Cottage
  • Siding

Interior Spaces

  • 1,368 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Crawl Space
  • Laundry on main level

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • No Garage
  • Driveway

Outdoor Features

  • Beach Access
  • Water Access
  • Deck
  • Open Patio
  • Porch

Schools

  • Southwestern Elementary School
  • Southwestern Middle School
  • Southwestern Senior High School

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 386.05-1-17

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,669

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1970
  • ResoLaundryFeatures: Main Level
  • Water Body Name: Chautauqua Lake
  • Directions: From Fairmount Ave, turn onto Fairdale(by Key Bank), then left onto E Terrave Ave. Stay on E terrace at the split . Home is on the right. Look for the ERA Team VP Sign
  • Architectural Style: Cottage
  • Flooring: Carpet, Laminate, Varies, Vinyl
  • Garage Yn: No
  • Interior Features: Entrance Foyer, Separate/Formal Living Room, Living/Dining Room, Pantry
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Basement: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Total Bedrooms: 8
  • Stories: 2
  • Stories: 2

Exterior Features

  • Waterfront Features: Beach Access, Deeded Access, Lake, See Remarks, Water Access
  • Waterfront: Yes
  • Construction Type: Composite Siding
  • Exterior Features: Blacktop Driveway, Deck
  • Foundation Details: Other, See Remarks
  • Patio And Porch Features: Deck, Open, Porch

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Heating: Gas, Hot Water
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Southwestern
  • Ninth Grade High School: Southwestern Senior High
  • Middle Or Junior School: Southwestern Middle

Lot Info

  • Parcel Number: 386.05-1-17
  • Lot Dimensions: 26X211
  • Lot Size Sq Ft: 26.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5669.0

MLS Schools

  • Elementary School: Southwestern Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Oct 15, 2021
Sold by
Brayer Nigel C and Brayer Brandi N
Bought by
Mehalko Scott K and Mehalko Candace
Seller's Agent
Cynthia Sellstrom
ERA Team VP Real Estate
Buyer's Agent
Sharon Lisciandro
Century 21 Turner Brokers
List Price
$272,000
Sold Price
$298,000
Premium/Discount to List
$26,000
9.56%
Current Estimated Value
$353,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,462
Avg. Annual Appreciation
4.82%
Original Mortgage
$228,000
Outstanding Balance
$208,815
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$147,881

Purchase Details

Closed on
Jun 3, 2013
Sold by
Ward Brian F
Bought by
Brayer Nigel C

Purchase Details

Closed on
May 12, 2008
Sold by
Swan Jeffrey
Bought by
Ward Brian F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,650
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mehalko Scott K $298,000 None Available
Brayer Nigel C $147,500 Randy Rhinehart
Ward Brian F $159,500 Randy E Rhinehart
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehalko Scott K $228,000
Previous Owner Ward Brian F $111,650
Previous Owner Swan Jeffrey L $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $298,000 +9.6% $218 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $272,000 -- $199 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $6,337 $147,500 $31,200 $116,300
2023 $6,163 $147,500 $31,200 $116,300
2022 $5,799 $147,500 $31,200 $116,300
2021 $5,697 $147,500 $31,200 $116,300
2020 $5,589 $147,500 $31,200 $116,300
2019 $5,413 $147,500 $31,200 $116,300
2018 $5,413 $147,500 $31,200 $116,300
2017 $5,464 $147,500 $31,200 $116,300
2016 $5,423 $147,500 $31,200 $116,300
2015 -- $147,500 $31,200 $116,300
2014 -- $147,500 $31,200 $116,300
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Sellstrom

    Seller's Agent in 2021

    Cynthia Sellstrom

    ERA Team VP Real Estate

    (716) 485-3498

    3 in this area

    111 Total Sales

    Section Image
  • Sharon Lisciandro

    Buyer's Agent in 2021

    Sharon Lisciandro

    Century 21 Turner Brokers

    (716) 607-0618

    11 in this area

    70 Total Sales

    Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1354605

Chautauqua-Cattaraugus Board of REALTORS®

APN: 062201-386-005-0001-017-000

New York Chautauqua County Lakewood 14750

287 E Terrace Ave, Lakewood, NY

This home is located at 287 E Terrace Ave, Lakewood, NY 14750 since 26 July 2021 and is currently estimated at $356,696, approximately $260 per square foot. This property was built in 1970. 287 E Terrace Ave is a home located in Chautauqua County with nearby schools including Southwestern Elementary School, Southwestern Middle School, and Southwestern Senior High 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.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes