NOT LISTED FOR SALE

41 Hinchey Ave Lancaster, NY 14086

Estimated Value: $271,000 - $331,000

7 Beds
3 Baths
2,563 Sq Ft
$117/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $79,900 $31 Per Sq Ft

Est. 271% increase in value since last sale

Current estimated payment $2,059/month

13 Days on Market

Highlights

  • Full Attic
  • Forced Air Cooling System
  • Multiple Heating Units
  • Lancaster High School Rated A-
  • Tile Flooring

About This Home

As of September 2018

Great opportunity to own a 3 unit investment property in Lancaster. Property has the potential to attract high rents and be a fantastic rental property.

Last Agent to Sell the Property

Patrick Sportelli

Listing by WNY Metro Roberts Realty License #10401258834 Listed on: 07/31/2018

WNY Metro Roberts Realty

Last Buyer's Agent

Katherine Moore

Listing by Howard Hanna WNY Inc. License #10401238206

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 8,125 Sq Ft Lot
  • Lot Dimensions are 125 x 65

Parking

  • Driveway

Home Design

  • Stone Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,563 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Laminate
  • Tile
  • Vinyl

Attic

  • Full Attic
  • Attic Stairs

Utilities

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

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 145203-104-110-0004-011-000

Community Details

Overview

  • 3 Units
  • Sheldon & Upton Sub/Hopki Community
  • Sheldon & Upton Sub/Hopki Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • NY Swis Code: Lancaster-Village-145203
  • Total Assessed Value: 100000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 125
  • Lot Dimension Front: 65
  • Lot Information: Neighborhood Street
  • Lot Number: 11
  • Nearest Cross Street: Central Ave
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 428418.23
  • Ratio Close Price By Sq Ft: 31.17
  • Ratio List Price By Acres: 428418.23
  • Ratio List Price By Sq Ft: 31.17
  • Regional Board Code: Buffalo
  • School Tax: 1698
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Village: Lancaster-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 8125
  • Age of Building: 142
  • Year Built: 1880
  • Directions To Property: Central to Hinchey. Just south of Walden
  • Subdivision Comm Complex: Sheldon & Upton Sub/Hopki
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Attic Description: Full, Stair Access
  • Basement Description: Full
  • Floor Description: Laminate-Some, Tile-Some, Vinyl-Some
  • Total Sq Ft: 2563

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1865

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 2 or More Spaces, Blacktop, Parking Area

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas, Heat, Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 145203-104-110-0004-011-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 4672

MLS Schools

  • School District Name: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2019
Sold by
Drake Jason and Kurtyko Malgorzata
Bought by
Wny Home Rentals Llc
Current Estimated Value
$296,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 31, 2018
Closed on
Aug 29, 2018
Sold by
Brougham Reo Owner Lp
Bought by
Drake Jason and Kurtyko Malgorzata
Seller's Agent
Patrick Sportelli
WNY Metro Roberts Realty
Buyer's Agent
Katherine Moore
Howard Hanna WNY Inc.
List Price
$79,900
Sold Price
$79,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.44%

Purchase Details

Closed on
Jul 18, 2017
Sold by
Wilmington Saving Fdund Society and Christiana Trust
Bought by
Brougham Reo Owner

Purchase Details

Closed on
Jul 12, 2017
Sold by
Nichter Robert C
Bought by
Wilmington Savings Fund Society and Christiana Trust

Purchase Details

Closed on
Sep 22, 1994
Sold by
Pawlikowski Richard F and Pawlikowski W
Bought by
Nichter Robert and Nichter Charles
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wny Home Rentals Llc -- None Available
Drake Jason $79,900 None Available
Brougham Reo Owner -- None Available
Wilmington Savings Fund Society $80,518 None Available
Nichter Robert $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wny Home Rentals Llc $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2018 09/14/18 Sold $79,900 0.0% $31 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $79,900 -- $31 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $6,210 $160,000 $28,000 $132,000
2023 $6,180 $160,000 $28,000 $132,000
2022 $5,988 $160,000 $28,000 $132,000
2021 $4,711 $160,000 $28,000 $132,000
2020 $4,548 $160,000 $28,000 $132,000
2019 $6,396 $99,000 $18,400 $80,600
2018 $4,868 $99,000 $18,400 $80,600
2017 $3,445 $100,000 $18,400 $81,600
2016 $4,913 $100,000 $18,400 $81,600
2015 -- $100,000 $18,400 $81,600
2014 -- $100,000 $18,400 $81,600
Source: Public Records

Agents Affiliated with this Home

  • Patrick Sportelli

    Seller's Agent in 2018

    Patrick Sportelli

    WNY Metro Roberts Realty

    (716) 481-7672

    17 in this area

    241 Total Sales

    Patrick Sportelli
    Section Image
  • Katherine Moore

    Buyer's Agent in 2018

    Katherine Moore

    Howard Hanna

    (716) 213-3169

    42 Total Sales

    Katherine Moore
    Section Image
  • Michele Tracy

    Buyer Co-Listing Agent in 2018

    Michele Tracy

    Howard Hanna

    (716) 984-2906

    2 in this area

    145 Total Sales

    Michele Tracy
    Section Image
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Map

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

MLS Number: B1137923

Western New York Real Estate Information Services (WNYREIS)

APN: 145203-104-110-0004-011-000

New York Erie County Lancaster 14086

41 Hinchey Ave, Lancaster, NY

Not Listed for Sale

MultiFamily

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