NOT LISTED FOR SALE

40 Chestnut St Gowanda, NY 14070

Estimated Value: $55,000 - $87,000

4 Beds
3 Baths
2,016 Sq Ft
$38/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $32,000 $16 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $562/month

38 Days on Market

Highlights

  • Forced Air Cooling System
  • Baseboard Heating
  • Wall to Wall Carpet

About This Home

As of June 2020

3 Unit multi family home, great investment opportunity. Lower Unit #1 has a bedroom w/attached full bath & open concept kitchen, dining & living room combo. Lower Unit #2 has a bedroom with eat in kitchen, living room & stairs to attic for additional storage. Upstairs Unit #3 features 2 bedrooms, eat in kitchen & living room. Separate utilities for each unit plus a detached 2-story barn. This is a solid home in need of a little TLC and will be ready to rent again.

Last Agent to Sell the Property

Krystal Dern

Listing by ERA Team VP Real Estate - Arcade License #10401220687 Listed on: 03/17/2020

Last Buyer's Agent

Krystal Dern

Listing by ERA Team VP Real Estate - Arcade License #10401220687 Listed on: 03/17/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,400 Sq Ft Lot
  • Lot Dimensions are 168 x 50

Home Design

  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • Unfinished Attic

Flooring

  • Wall to Wall Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Garage
  • Stone Driveway

Location

  • Flood Zone Lot

Schools

  • Gowanda Elementary School
  • Gowanda Middle School
  • Gowanda High School

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 8
  • Assessor Parcel Number 047201-008-084-0003-008-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Gowanda-Village-047201
  • Total Assessed Value: 45000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 168
  • Lot Dimension Front: 50
  • Lot Information: Flood Zone, Neighborhood Street
  • Lot Number: 8
  • Nearest Cross Street: Commerical
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 165975.10
  • Ratio Close Price By Sq Ft: 15.87
  • Ratio List Price By Acres: 181016.60
  • Ratio List Price By Sq Ft: 17.31
  • Regional Board Code: Buffalo
  • Roof Description: Asphalt
  • School Tax: 1111
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Bank Owned / REO
  • Village: Gowanda-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 8400
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: Commercial Street to Chestnut Street
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Circuit Breakers - Some
  • Attic Description: Stair Access, Unfinished
  • Basement Description: Exterior Walkout, Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2016

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1928

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Forced Air, Hot Water
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Gowanda
  • Elementary School: Gowanda Elementary
  • Middle School: Gowanda Middle
  • High School: Gowanda High

Lot Info

  • Parcel Number: 047201-008-084-0003-008-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2952

MLS Schools

  • Elementary School Name: Gowanda Elementary
  • High School Name: Gowanda High
  • Middle School Name: Gowanda Middle
  • School District Name: Gowanda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
May 13, 2020
Sold by
Keybank Na
Bought by
Aeb T T and Aeb Bierman
Seller's Agent
Krystal Dern
ERA Team VP Real Estate - Arcade
Buyer's Agent
Krystal Dern
ERA Team VP Real Estate - Arcade
List Price
$38,500
Sold Price
$32,000
Premium/Discount to List
-$6,500
-16.88%
Current Estimated Value
$75,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,667
Avg. Annual Appreciation
18.07%

Purchase Details

Closed on
Apr 17, 2019
Sold by
Skatulski Maude Amy and Skatulski Maude William
Bought by
Keybank Na S Niagara Bank

Purchase Details

Closed on
Mar 19, 2019
Sold by
Skatulski Amy S and Keybank Na
Bought by
Keybank Na

Purchase Details

Closed on
Dec 21, 2010
Sold by
Johnson Louise
Bought by
Skatulski Amy
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
Aeb T T $32,000 None Available
Keybank Na S Niagara Bank -- None Available
Keybank Na $56,000 --
Skatulski Amy $65,000 Jeffrey Magavern
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2020 06/05/20 Sold $32,000 -8.3% $16 / Sq Ft
04/24/2020 04/24/20 Pending -- -- --
04/21/2020 04/21/20 Price Changed $34,900 -9.4% $17 / Sq Ft
03/17/2020 03/17/20 For Sale $38,500 -- $19 / 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 $1,802 $85,300 $5,200 $80,100
2023 $1,774 $79,000 $5,200 $73,800
2022 $2,061 $45,000 $4,500 $40,500
2021 $1,933 $45,000 $4,500 $40,500
2020 $2,828 $45,000 $4,500 $40,500
2019 $1,062 $45,000 $4,500 $40,500
2018 $3,626 $45,000 $4,500 $40,500
2017 $3,618 $45,000 $4,500 $40,500
2016 $4,784 $45,000 $4,500 $40,500
2015 -- $45,000 $4,500 $40,500
2014 -- $45,000 $4,500 $40,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1257738

Western New York Real Estate Information Services (WNYREIS)

APN: 047201 8.084-3-8 01