NOT LISTED FOR SALE

425 Colvin Ave Buffalo, NY 14216

North Park Neighborhood

Estimated Value: $358,000 - $430,638

6 Beds
2 Baths
2,560 Sq Ft
$152/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $250,000 $98 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,207/month

1 Day on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Ceiling Fan
  • Full Attic
  • Forced Air Cooling System

About This Home

As of December 2020

This home is located at 425 Colvin Ave, Buffalo, NY 14216 since 31 July 2020 and is currently estimated at $388,410, approximately $151 per square foot. This property was built in 1925. 425 Colvin Ave is a home located in Erie County with nearby schools including Elmwood-Franklin School, St Mark Elementary School, and Nichols School.

Last Agent to Sell the Property

Jo Lynn DeGolia

Listing by No Office Affiliation License #10401289859 Listed on: 07/31/2020

No Office Affiliation

Last Buyer's Agent

Jo Lynn DeGolia

Listing by No Office Affiliation License #10401289859 Listed on: 07/31/2020

No Office Affiliation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,145

Year Built

  • Built in 1925

Lot Details

  • 6,125 Sq Ft Lot
  • Lot Dimensions are 175 x 35
  • Fenced Yard

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Parking

  • 1.5 Car Garage
  • Garage Door Opener

Utilities

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

Listing and Financial Details

  • Rent includes garage, water
  • Tax Lot 23
  • Assessor Parcel Number 140200-078-570-0002-023-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,145

Year Built

Built in 1925

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 114000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 175
  • Lot Dimension Front: 35
  • Lot Information: Neighborhood Street
  • Lot Number: 23
  • Nearest Cross Street: Tacoma
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1778093.88
  • Ratio Close Price By Sq Ft: 97.66
  • Ratio List Price By Acres: 1778093.88
  • Ratio List Price By Sq Ft: 97.66
  • Regional Board Code: Buffalo
  • Rent Includes: Garage, Water
  • Roof Description: Asphalt
  • School Tax: 1579
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6125
  • Age of Building: 97
  • Year Built: 1925
  • Above Grade Finished Sq Ft: 2560
  • Directions To Property: North of Hertel Ave. on Colvin Ave. House is on the right just past Tacoma.
  • Sq Ft Total Pub: 2560
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1925

Interior Features

  • Additional Interior Features: Ceiling Fan
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Laminate-Some
  • Total Sq Ft: 2560

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Fully Fenced Yard, Garage Door Opener
  • Number of Acres: 0.1406

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.5000
  • Parking Driveway: Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Hot Water
  • 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: 140200-078-570-0002-023-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 4145

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Nov 19, 2020
Sold by
Clark Alexis
Bought by
Psorakis Markellos
Seller's Agent
Jo Lynn DeGolia
No Office Affiliation
Buyer's Agent
Jo Lynn DeGolia
No Office Affiliation
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$388,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,410
Avg. Annual Appreciation
9.98%
Original Mortgage
$245,471
Outstanding Balance
$221,045
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$169,872
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
Psorakis Markellos $250,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Psorakis Markellos $245,471
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $250,000 0.0% $98 / Sq Ft
08/01/2020 08/01/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $250,000 +25.0% $98 / Sq Ft
10/24/2016 10/24/16 Sold $200,000 0.0% $78 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
09/11/2016 09/11/16 For Sale $200,000 -- $78 / 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 $1,094 $216,000 $36,900 $179,100
2023 $1,094 $216,000 $36,900 $179,100
2022 $1,086 $216,000 $36,900 $179,100
2021 $1,086 $216,000 $36,900 $179,100
2020 $877 $216,000 $36,900 $179,100
2019 $3,128 $114,000 $11,700 $102,300
2018 $2,943 $114,000 $11,700 $102,300
2017 $678 $114,000 $11,700 $102,300
2016 $2,086 $114,000 $11,700 $102,300
2015 -- $114,000 $11,700 $102,300
2014 -- $114,000 $11,700 $102,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jo Lynn DeGolia

    No Office Affiliation

    Section Image

  • R

    Seller's Agent in 2016

    Rachel Clay

    No Office Affiliation

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Map

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

MLS Number: B1283188

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-078-570-0002-023-000

New York Erie County Buffalo 14216 North Park

425 Colvin Ave, Buffalo, NY

This home is located at 425 Colvin Ave, Buffalo, NY 14216 since 31 July 2020 and is currently estimated at $388,410, approximately $151 per square foot. This property was built in 1925. 425 Colvin Ave is a home located in Erie County with nearby schools including Elmwood-Franklin School, St Mark Elementary School, and Nichols School.

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