NOT LISTED FOR SALE

34 Institute St Frewsburg, NY 14738

Estimated Value: $80,000 - $105,000

4 Beds
2 Baths
1,600 Sq Ft
$60/Sq Ft Est. Value

Last Sold December 10, 2020

Last sale price $70,000 $44 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $679/month

9 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Patio
  • Corner Lot

About This Home

As of December 2020

Rare opportunity to own a multi family in Frewsburg! Conveniently located within walking distance to the Dinner Bell, Tops, Frewsburg Junior-Senior School and all the village has to offer. Vinyl sided with new metal roof. A separate utilities including water makes for easier rental management. Each unit has two bedrooms or the option to use as a one bedroom with laundry room. Large living rooms and master bedrooms. Eat in kitchens. Amazing rental history. Off Street parking for up to 4 vehicles. First time buyers take advantage of the potential to live rent free and a long term investment for your future.

Last Agent to Sell the Property

Jerod Zahn

Listing by ERA Team VP Real Estate License #40ZA0867242 Listed on: 08/26/2020

ERA Team VP Real Estate

Last Buyer's Agent

Daniel Terhune

Listing by Century 21 Turner Brokers License #10301217717

Century 21 Turner Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,963

Year Built

  • Built in 1900

Lot Details

  • 6,435 Sq Ft Lot
  • Lot Dimensions are 117 x 55
  • Corner Lot

Home Design

  • Stone Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Partial Basement
  • Scuttle Attic Hole

Outdoor Features

  • Patio

Schools

  • Robert H Jackson Elementary School
  • Frewsburg Junior-Senior High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 56
  • Assessor Parcel Number 062400-423-006-0001-056-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,963

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Carroll-062400
  • Total Assessed Value: 46500
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 117
  • Lot Dimension Front: 55
  • Lot Information: Corner Lot
  • Lot Number: 56
  • Nearest Cross Street: pearl
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 473933.65
  • Ratio Close Price By Sq Ft: 43.75
  • Ratio List Price By Acres: 540961.41
  • Ratio List Price By Sq Ft: 49.94
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • Roof Description: Metal
  • School Tax: 1165
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6435
  • Age of Building: 122
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1600
  • Directions To Property: main to pearl to institute
  • Sq Ft Total Pub: 1600
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Partial
  • Floor Description: Hardwood-Some
  • Total Sq Ft: 1600

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Patio
  • Number of Acres: 0.1477

Garage/Parking

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

Utilities

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

Schools

  • School District: Frewsburg
  • Elementary School: Robert H Jackson Elementary
  • Middle School: Other - See Remarks
  • High School: Frewsburg Junior-Senior High

Lot Info

  • Parcel Number: 062400-423-006-0001-056-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1963

MLS Schools

  • Elementary School Name: Robert H Jackson Elementary
  • High School Name: Frewsburg Junior-Senior High
  • School District Name: Frewsburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Oct 30, 2020
Sold by
Wendaur Mark G and Wendaur Debra J
Bought by
Haglund Eric S and Haglund Krystle M
Seller's Agent
Jerod Zahn
ERA Team VP Real Estate
Buyer's Agent
Daniel Terhune
Century 21 Turner Brokers
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%
Current Estimated Value
$90,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,149
Avg. Annual Appreciation
4.64%
Original Mortgage
$52,500
Outstanding Balance
$47,458
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$39,138

Purchase Details

Closed on
Jun 6, 2003
Sold by
Hill Lorraine K
Bought by
Wendaur Mark G
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
Haglund Eric S $70,000 None Available
Wendaur Mark G $46,000 Randall S Lewis
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haglund Eric S $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2020 12/10/20 Sold $70,000 -12.4% $44 / Sq Ft
10/12/2020 10/12/20 For Sale $79,900 0.0% $50 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
09/01/2020 09/01/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $79,900 -- $50 / 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 $2,248 $46,500 $4,600 $41,900
2023 $2,196 $46,500 $4,600 $41,900
2022 $2,116 $46,500 $4,600 $41,900
2021 $2,080 $46,500 $4,600 $41,900
2020 $2,025 $46,500 $4,600 $41,900
2019 $2,286 $46,500 $4,600 $41,900
2018 $2,286 $46,500 $4,600 $41,900
2017 $1,848 $46,500 $4,600 $41,900
2016 $1,844 $46,500 $4,600 $41,900
2015 -- $46,500 $4,600 $41,900
2014 -- $40,000 $4,100 $35,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1289538

Chautauqua-Cattaraugus Board of REALTORS®

APN: 062400-423-006-0001-056-000