NOT LISTED FOR SALE

Estimated Value: $87,000 - $142,000

5 Beds
4 Baths
2,597 Sq Ft
$44/Sq Ft Est. Value

Last Sold February 13, 2017

Last sale price $16,111 $6 Per Sq Ft

Est. 614% increase in value since last sale

Current estimated payment $831/month

15 Days on Market

About This Home

As of February 2017

Rock bottom price for a potentially steady income stream. House needs full renovation. Close to the Falls, Casino and other amenities. 3 car garage!

Last Agent to Sell the Property

Joseph Stanek

Listing by No Office Affiliation License #10301215792 Listed on: 11/04/2016

Last Buyer's Agent

Pushpa Gunatilake

Listing by Pioneer Star Real Estate Inc. License #10311200587

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 132 x 33

Parking

  • 3 Car Garage

Home Design

  • Frame Construction

Interior Spaces

  • 2,597 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Partial Attic

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 291100-159-029-0002-027-000

Community Details

Overview

  • 3 Units
  • Mile Reserve Community
  • Mile Reserve Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Niagara Falls-City-291100
  • Total Assessed Value: 31000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 33
  • Lot Information: Neighborhood Street
  • Nearest Cross Street: Ferry
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 161110.00
  • Ratio Close Price By Sq Ft: 6.20
  • Ratio List Price By Acres: 101000.00
  • Ratio List Price By Sq Ft: 3.89
  • Regional Board Code: Buffalo
  • School Tax: 602
  • Sub Board Code: Buffalo
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 4356
  • Age of Building: 132
  • Year Built: 1890
  • Directions To Property: Ferry to 4th St
  • Subdivision Comm Complex: Mile Reserve
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Attic Description: Partial
  • Basement Description: Partial
  • Floor Description: Hardwood-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2597

Exterior Features

  • Construction: Frame
  • Number of Acres: 0.1000

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 3.0000
  • Parking Driveway: Garage

Utilities

  • Heating Fuel Description: Gas
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Niagara Falls

Lot Info

  • Parcel Number: 291100-159-029-0002-027-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 1442

MLS Schools

  • School District Name: Niagara Falls

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2016
Closed on
Feb 10, 2017
Sold by
Bank Of New York Mellon
Bought by
Pradhan Paras and Ranjit Jayambu N
Seller's Agent
Joseph Stanek
No Office Affiliation
Buyer's Agent
Pushpa Gunatilake
Pioneer Star Real Estate Inc.
List Price
$10,100
Sold Price
$16,111
Premium/Discount to List
$6,011
59.51%
Total Days on Market
15
Current Estimated Value
$115,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,921
Avg. Annual Appreciation
26.40%

Purchase Details

Closed on
Oct 14, 2016
Sold by
Mintz Esq Joseph
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
May 14, 2007
Sold by
Randhir Singh
Bought by
Thomas Kimberlee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,100
Interest Rate
9.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 2, 2005
Sold by
Gugino Rita A
Bought by
Singh Randhir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
6.05%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Pradhan Paras $16,111 None Available
The Bank Of New York Mellon $132,354 Web Title Agency
Thomas Kimberlee $55,000 Hogan & Willig
Singh Randhir $48,000 Joseph Notaro
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Kimberlee $53,100
Previous Owner Singh Randhir $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2017 02/13/17 Sold $16,111 +59.5% $6 / Sq Ft
11/19/2016 11/19/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $10,100 -- $4 / 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 $2,227 $31,000 $2,100 $28,900
2023 $2,227 $31,000 $2,100 $28,900
2022 $907 $31,000 $2,100 $28,900
2021 $907 $31,000 $2,100 $28,900
2020 $602 $31,000 $2,100 $28,900
2019 $578 $31,000 $2,100 $28,900
2018 $891 $31,000 $2,100 $28,900
2017 $578 $31,000 $2,100 $28,900
2016 $1,322 $31,000 $2,100 $28,900
2015 -- $31,000 $2,100 $28,900
2014 -- $31,000 $2,100 $28,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1012333

Western New York Real Estate Information Services (WNYREIS)

APN: 291100-159-029-0002-027-000