NOT LISTED FOR SALE

473 Olympic Ave Buffalo, NY 14215

Kensington-Bailey Neighborhood

Estimated Value: $143,000 - $178,000

6 Beds
3 Baths
2,064 Sq Ft
$77/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $40,000 $19 Per Sq Ft

Est. 297% increase in value since last sale

Current estimated payment $854/month

7 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Forced Air Cooling System
  • Wood Flooring

About This Home

As of August 2018

Spacious 2 family Buffalo home. Needs some TLC to make this the greatest investment project you've had yet! Conveniently located near all modern day needs! Don't miss this opportunity, it won't last long!

Last Agent to Sell the Property

Phillip Greiner

Listing by Prestige Family Realty License #10401258814 Listed on: 06/01/2018

Co-Listed By

Ariel Willard

Listing by WNY Metro Roberts Realty License #10401295838

Last Buyer's Agent

Ben Schwed

Listing by Soul Side Real Estate Solutions Inc License #10311210623

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $809

Year Built

  • Built in 1940

Lot Details

  • 4,680 Sq Ft Lot
  • Lot Dimensions are 117 x 40
  • Fenced Yard

Interior Spaces

  • 2,064 Sq Ft Home
  • 1.7-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 1 Car Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 23
  • Assessor Parcel Number 140200-090-400-0005-023-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$809

Year Built

Built in 1940

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 42800
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 117
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 23
  • Nearest Cross Street: Kensington
  • Number of Stories: 1.7000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 372439.48
  • Ratio Close Price By Sq Ft: 19.38
  • Ratio List Price By Acres: 329608.94
  • Ratio List Price By Sq Ft: 17.15
  • Regional Board Code: Buffalo
  • School Tax: 289
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 4680
  • Age of Building: 82
  • Year Built: 1940
  • Directions To Property: Kensington to Olympic
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1940

Interior Features

  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2064

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Deck, Fully Fenced Yard
  • Number of Acres: 0.1074

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: Blacktop

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

Lot Info

  • Parcel Number: 140200-090-400-0005-023-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 809

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2024
Sold by
Ahmed Ishaque
Bought by
Shehab Realty Inc
Current Estimated Value
$158,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$78,943
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$80,011

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jun 18, 2018
Sold by
Midfirst Bank
Bought by
Ahmed Ishaque
Seller's Agent
Phillip Greiner
Prestige Family Realty
Buyer's Agent
Ben Schwed
Soul Side Real Estate Solutions Inc
List Price
$35,400
Sold Price
$40,000
Premium/Discount to List
$4,600
12.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.35%

Purchase Details

Closed on
Oct 19, 2017
Sold by
Kay Randall J
Bought by
Mdfirst Bank
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
Shehab Realty Inc $130,000 None Available
Shehab Realty Inc $130,000 None Available
Ahmed Ishaque $40,000 None Available
Ahmed Ishaque $40,000 None Available
Ahmed Ishaque $40,000 None Available
Ahmed Ishaque $40,000 None Available
Mdfirst Bank $69,469 None Available
Mdfirst Bank $69,469 None Available
Mdfirst Bank $69,469 None Available
Mdfirst Bank $69,469 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shehab Realty Inc $80,000
Closed Shehab Realty Inc $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Sold $40,000 +13.0% $19 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $35,400 -- $17 / 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 $325 $58,000 $5,100 $52,900
2023 $294 $58,000 $5,100 $52,900
2022 $292 $58,000 $5,100 $52,900
2021 $292 $58,000 $5,100 $52,900
2020 $329 $58,000 $5,100 $52,900
2019 $1,174 $42,800 $3,900 $38,900
2018 $1,105 $42,800 $3,900 $38,900
2017 $255 $42,800 $3,900 $38,900
2016 $1,042 $42,800 $3,900 $38,900
2015 -- $42,800 $3,900 $38,900
2014 -- $42,800 $3,900 $38,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Phillip Greiner

    Prestige Family Realty

    (716) 322-3175

    12 Total Sales

    Phillip Greiner
    Section Image
  • Ariel Willard

    Seller Co-Listing Agent in 2018

    Ariel Willard

    WNY Metro Roberts Realty

    (716) 265-6345

    75 Total Sales

    Ariel Willard
    Section Image
  • Ben Schwed

    Buyer's Agent in 2018

    Ben Schwed

    Soul Side Real Estate Solutions Inc

    (716) 331-9285

    2 in this area

    87 Total Sales

    Ben Schwed
    Section Image
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Map

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

MLS Number: B1122747

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-090-400-0005-023-000

New York Erie County Buffalo 14215 Kensington-Bailey

473 Olympic Ave, Buffalo, NY

Not Listed for Sale

MultiFamily

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