NOT LISTED FOR SALE

31 Colonial Ave Lancaster, NY 14086

Estimated Value: $232,000 - $305,085

5 Beds
2 Baths
2,355 Sq Ft
$119/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $220,000 $93 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,024/month

158 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Patio
  • Lancaster High School Rated A-
  • Fenced Yard
  • Sliding Doors

About This Home

As of February 2023

GREAT INVESTMENT OPPORTUNITY in the Village of Lancaster! This newly renovated 3/2 double in a quiet neighborhood of Lancaster, has been well maintained and also includes a new in-ground pool! Property is fully rented with 2 amazing tenants who would like to stay and take very good care of the property. Come see this great property for yourself!

Last Agent to Sell the Property

Amanda Enright

Listing by No Office Affiliation License #10401346225 Listed on: 07/07/2022

Last Buyer's Agent

Joanne Simme Good

Listing by MJ Peterson Real Estate Inc. License #30SI1017596

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,087

Year Built

  • Built in 1924

Lot Details

  • 8,330 Sq Ft Lot
  • Lot Dimensions are 119 x 70
  • Fenced Yard
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,355 Sq Ft Home
  • 1.5-Story Property
  • Gas Fireplace
  • Sliding Doors
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Parking

  • 2.5 Car Garage
  • Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Patio

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes cooking gas, garage, heat, water
  • Tax Lot 34
  • Assessor Parcel Number 145203-104-820-0004-034-000

Community Details

Overview

  • 2 Units
  • Holland Land Companys Community
  • Holland Land Companys Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,087

Year Built

Built in 1924

Lot Details

0

Listing Details

  • NY Swis Code: Lancaster-Village-145203
  • Total Assessed Value: 166000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 119
  • Lot Dimension Front: 70
  • Lot Information: Neighborhood Street
  • Lot Number: 34
  • Lot Shape: Rectangular
  • Nearest Cross Street: Park Blvd
  • Number of Stories: 1.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1150627.62
  • Ratio Close Price By Sq Ft: 93.42
  • Ratio List Price By Acres: 1097803.35
  • Ratio List Price By Sq Ft: 89.13
  • Regional Board Code: Buffalo
  • Rent Includes: Cooking Gas, Garage, Heat, Water
  • Roof Description: Shingles
  • School Tax: 2321
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Duplex, Upper/Lower
  • Type of Sale: Estate
  • Village: Lancaster-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 8330
  • Age of Building: 99
  • Year Built: 1924
  • Above Grade Finished Sq Ft: 2355
  • Directions To Property: Broadway to Park Blvd, make right on Colonial Ave and house will be on your right.
  • Sq Ft Total Pub: 2355
  • Subdivision Comm Complex: Holland Land Companys
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1924

Interior Features

  • Additional Interior Features: Sliding Glass Door
  • Basement Description: Full
  • Floor Description: Tile-Some, Wall To Wall Carpet-Some, Wood-Some
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Total Sq Ft: 2355

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Fully Fenced Yard, Garage Door Opener, High Speed Internet, Patio, Pool-In Ground
  • Number of Acres: 0.1912

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.5000
  • Parking Driveway: 2 or More Spaces, Garage

Utilities

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

Schools

  • School District: Lancaster

Lot Info

  • Parcel Number: 145203-104-820-0004-034-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 6087

MLS Schools

  • School District Name: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Jan 18, 2023
Sold by
Zuzze Donald G and Estate Of Roseann P Muscarella
Bought by
Malave Karyna Gabriela
Seller's Agent
Amanda Enright
No Office Affiliation
Buyer's Agent
Joanne Simme Good
MJ Peterson Real Estate Inc.
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%
Views
120
Current Estimated Value
$280,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,271
Avg. Annual Appreciation
12.50%
Original Mortgage
$6,600
Outstanding Balance
$6,428
Interest Rate
6.09%
Mortgage Type
Second Mortgage Made To Cover Down Payment
Estimated Equity
$288,570
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
Malave Karyna Gabriela $220,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malave Karyna Gabriela $6,600
Open Malave Karyna Gabriela $213,400
Closed Malave Karyna Gabriela $213,400
Previous Owner Egan Roseann P $88,904
Previous Owner Muscarella Roseann $78,000
Previous Owner Muscarella Roseann P $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $220,000 +4.8% $93 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
11/23/2022 11/23/22 Price Changed $209,900 -12.5% $89 / Sq Ft
09/14/2022 09/14/22 Price Changed $239,900 -4.0% $102 / Sq Ft
07/07/2022 07/07/22 For Sale $250,000 -- $106 / 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 -- $166,000 $38,200 $127,800
2023 $5,964 $166,000 $38,200 $127,800
2022 $5,786 $166,000 $38,200 $127,800
2021 $4,461 $166,000 $38,200 $127,800
2020 $4,996 $166,000 $38,200 $127,800
2019 $4,384 $115,000 $25,900 $89,100
2018 $4,945 $115,000 $25,900 $89,100
2017 $1,758 $115,000 $25,900 $89,100
2016 $4,424 $115,000 $25,900 $89,100
2015 -- $115,000 $25,900 $89,100
2014 -- $115,000 $25,900 $89,100
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1418759

Western New York Real Estate Information Services (WNYREIS)

APN: 145203-104-820-0004-034-000