NOT LISTED FOR SALE

394 Potomac Ave Buffalo, NY 14213

Elmwood Bidwell Neighborhood

Estimated Value: $383,000 - $406,967

5 Beds
2 Baths
2,448 Sq Ft
$161/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $315,000 $129 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,242/month

3 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Ceiling Fan
  • Full Attic
  • Property is near a bus stop
  • High Speed Internet

About This Home

As of June 2021

Fantastic 2 unit in the heart of Buffalo. Walk Elmwood Village, stroll Bidwell Market, run Delaware Park and enjoy all the city has to offer. Lower unit features beautifully remodeled kitchen with stainless steel appliances, bright sun filled living/dining area, 2 bedrooms, 1 bath with walk in shower and front porch to enjoy your morning coffee. Upper unit features 3 bedrooms, 1 bath with large bright kitchen, living room and dining room with hardwood floors. Unfinished attic space offers tons of possibilities. Mechanical updates include electrical, furnace, HWT. Driveway provides off street parking. Showings begin immediately. Offers, if any, due April 25th by 2pm.

Last Agent to Sell the Property

Cindy Maze

Listing by RE/MAX Plus License #10301213053 Listed on: 04/22/2021

RE/MAX Plus

Last Buyer's Agent

Ellen Daly

Listing by No Office Affiliation License #30DA0802229

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,171

Year Built

  • Built in 1900

Lot Details

  • 2,800 Sq Ft Lot
  • Lot Dimensions are 80 x 35

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,448 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Tax Lot 53
  • Assessor Parcel Number 140200-088-760-0004-053-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,171

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 211000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 80
  • Lot Dimension Front: 35
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 53
  • Nearest Cross Street: Baynes
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 4898911.35
  • Ratio Close Price By Sq Ft: 128.68
  • Ratio List Price By Acres: 4587869.36
  • Ratio List Price By Sq Ft: 120.51
  • Regional Board Code: Buffalo
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 1002
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 2800
  • Age of Building: 122
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2448
  • Directions To Property: Richmond to Potomac
  • Sq Ft Total Pub: 2448
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Laundry- Separate Hook ups- Some
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Tile-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2448

Exterior Features

  • Construction: Composition
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.0643

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 1 Space

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-088-760-0004-053-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3171

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2024
Sold by
Baumann Kevin and Barmen Sara
Bought by
394 Potomac Avenue Llc
Current Estimated Value
$395,242

Purchase Details

Listed on
Apr 22, 2021
Closed on
Jun 15, 2021
Sold by
Moretti Jay C
Bought by
Baumann Kevin and Baumann Sara
Seller's Agent
Cindy Maze
RE/MAX Plus
Buyer's Agent
Ellen Daly
No Office Affiliation
List Price
$295,000
Sold Price
$315,000
Premium/Discount to List
$20,000
6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%
Original Mortgage
$252,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2014
Closed on
Jan 14, 2015
Sold by
Pellicci Paul and Pellicci Mary Alice
Bought by
Moretti Jay C
Seller's Agent
Jerry Voskerichian
No Office Affiliation
Buyer's Agent
Cindy Maze
RE/MAX Plus
List Price
$179,000
Sold Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%
Original Mortgage
$143,200
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
394 Potomac Avenue Llc -- None Available
394 Potomac Avenue Llc -- None Available
Baumann Kevin $315,000 None Available
Baumann Kevin $315,000 None Available
Moretti Jay C $179,000 None Available
Moretti Jay C $179,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baumann Kevin $252,000
Previous Owner Moretti Jay C $143,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $315,000 +6.8% $129 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $295,000 +64.8% $121 / Sq Ft
01/26/2015 01/26/15 Sold $179,000 0.0% $73 / Sq Ft
11/09/2014 11/09/14 Pending -- -- --
11/04/2014 11/04/14 For Sale $179,000 -- $73 / 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 $1,069 $211,000 $16,200 $194,800
2023 $1,069 $211,000 $16,200 $194,800
2022 $1,061 $211,000 $16,200 $194,800
2021 $1,061 $211,000 $16,200 $194,800
2020 $616 $211,000 $16,200 $194,800
2019 $2,195 $80,000 $8,400 $71,600
2018 $2,065 $80,000 $8,400 $71,600
2017 $476 $80,000 $8,400 $71,600
2016 $1,947 $80,000 $8,400 $71,600
2015 -- $80,000 $8,400 $71,600
2014 -- $80,000 $8,400 $71,600
Source: Public Records

Agents Affiliated with this Home

  • Cindy Maze

    Seller's Agent in 2021

    Cindy Maze

    RE/MAX

    3 in this area

    116 Total Sales

    Section Image

  • E

    Buyer's Agent in 2021

    Ellen Daly

    No Office Affiliation

    Section Image

  • J

    Seller's Agent in 2015

    Jerry Voskerichian

    No Office Affiliation

    Section Image
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Map

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

MLS Number: B1331333

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-088-760-0004-053-000

New York Erie County Buffalo 14213 Elmwood Bidwell

394 Potomac Ave, Buffalo, NY

This home is located at 394 Potomac Ave, Buffalo, NY 14213 since 22 April 2021 and is currently estimated at $395,242, approximately $161 per square foot. This property was built in 1900. 394 Potomac Ave is a home located in Erie County with nearby schools including West Buffalo Charter School, Buffalo Creek Academy Charter School, and Buffalo Seminary.

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