NOT LISTED FOR SALE

31 Cedar St Lockport, NY 14094

Estimated Value: $162,000 - $186,000

4 Beds
2 Baths
1,440 Sq Ft
$121/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $124,900 $87 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,235/month

17 Days on Market

Highlights

  • Thermal Windows
  • Forced Air Cooling System
  • Ceiling Fan
  • Woodwork
  • Property is near a bus stop
  • High Speed Internet

About This Home

As of October 2021

Turn Key Ready side by side duplex with 2 beds, 1 bath mirrored units. Separate driveways for each apt to accommodate 4 cars each. 1 car garage. Great for owner occupied. Many upgrades which include double pane windows, 30 yr arch roof, separate front and back entrances, baths in both units, flooring in kitchen & baths, Trane furnaces in both units, Electric baseboard heat all rooms, separate water, all copper plumbing & 4 inch copper waste lines, updated wiring & circuit breaker boxes both units 200 amps, new storm doors, lifetime warranty, ceiling fans in both units in kitchen & bedrooms, kitchen cabinets with tile in both units, new porches with rails. Showings begin 6/21/2021 at noon and negotiations begin 06/27/2021 at noon. Tenant Occupied in both units 24-hr notice required.

Last Agent to Sell the Property

Michele Tracy

Listing by Howard Hanna WNY Inc. License #40TR0922137 Listed on: 06/17/2021

Howard Hanna WNY Inc.

Last Buyer's Agent

Amy Koban

Listing by No Office Affiliation License #10401333102

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,508

Year Built

  • Built in 1972

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 43 x 133

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Ceiling Fan
  • Thermal Windows
  • ENERGY STAR Qualified Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Crawl Space

Location

  • Property is near a bus stop

Schools

  • Emmet Belknap Middle School
  • Lockport High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes garage, grounds maintenance, lawn maintenance, no utilities, refuse removal, snow removal, water
  • Tax Lot 3
  • Assessor Parcel Number 290900-123-029-0001-003-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $1,355
  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,508

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Annual Operating Expenses: 1355
  • NY Swis Code: Lockport-City-290900
  • Total Assessed Value: 44400
  • Foundation Description: Block
  • Gross Annual Income: 15600
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 43
  • Lot Dimension Front: 133
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 3
  • Nearest Cross Street: Weld
  • Number of Stories: 1.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 960769.23
  • Ratio Close Price By Sq Ft: 86.74
  • Ratio List Price By Acres: 1076153.85
  • Ratio List Price By Sq Ft: 97.15
  • Regional Board Code: Buffalo
  • Rent Includes: Garage, Grounds Maintenance, Lawn Maintenance, No Utilities, Refuse Removal, Snow Removal, Water
  • Roof Description: Asphalt, Shingles
  • School Tax: 1289
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Duplex, Side by Side
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5663
  • Age of Building: 50
  • Year Built: 1972
  • Above Grade Finished Sq Ft: 1440
  • Directions To Property: Transit Rd to Left on Russell, right on Weld to corner of Cedar 31-33. Sign in Place.
  • Sq Ft Total Pub: 1440
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1972

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Natural Woodwork - some
  • Attic Description: Crawl Space
  • Basement Description: Crawl Space, Exterior Walkout
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1440

Exterior Features

  • Construction: Composition
  • Additional Exterior Features: Cable TV Available, High Speed Internet, Thermal Windows - Some
  • Number of Acres: 0.1300

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Municipal Electric
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric

Green Features

  • Energystar: Windows

Lot Info

  • Parcel Number: 290900-123-029-0001-003-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2508

MLS Schools

  • High School Name: Lockport High
  • Middle School Name: Emmet Belknap Middle
  • School District Name: Lockport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Sep 24, 2021
Sold by
Corrieri Michael E and Corrieri Rose M
Bought by
Oconnor Timothy J
Seller's Agent
Michele Tracy
Howard Hanna WNY Inc.
Buyer's Agent
Amy Koban
No Office Affiliation
List Price
$139,900
Sold Price
$124,900
Premium/Discount to List
-$15,000
-10.72%
Current Estimated Value
$174,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,260
Avg. Annual Appreciation
8.58%
Original Mortgage
$80,000
Outstanding Balance
$72,953
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$101,207

Purchase Details

Closed on
Jun 17, 2002
Sold by
Bartholomew Donald J
Bought by
Corrieri Michael E
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
Oconnor Timothy J $125,000 First American Mortgage Sln
Corrieri Michael E $62,000 James Sansone
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oconnor Timothy J $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2021 10/12/21 Sold $124,900 -10.7% $87 / Sq Ft
07/04/2021 07/04/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $139,900 -- $97 / 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 $3,832 $141,000 $7,000 $134,000
2023 $3,858 $138,000 $7,000 $131,000
2022 $2,702 $125,000 $7,000 $118,000
2021 $1,751 $44,400 $6,800 $37,600
2020 $1,713 $44,400 $6,800 $37,600
2019 $384 $44,400 $6,800 $37,600
2018 $1,239 $44,400 $6,800 $37,600
2017 $1,234 $44,400 $6,800 $37,600
2016 $1,195 $44,400 $6,800 $37,600
2015 -- $44,400 $6,800 $37,600
2014 -- $44,400 $6,800 $37,600
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1345298

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-123-029-0001-003-000