NOT LISTED FOR SALE

5 E 3rd St Lakewood, NY 14750

Estimated Value: $112,000 - $200,918

5 Beds
2 Baths
2,072 Sq Ft
$76/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $190,000 $92 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $1,112/month

3 Days on Market

Highlights

  • Wood Flooring
  • Den
  • Enclosed patio or porch
  • Full Attic
  • Formal Dining Room
  • 2-minute walk to Village of Lakewood

About This Home

As of April 2022

Updated home in the village of Lakewood. Many possibilities with this home. The home was renovated as a two family, but could easily be a single family or a single family with an in-law suite. The main floor apartment has a living room, dining room, kitchen, two bedrooms and a full bath. The second floor apartment has a living room, dining room, kitchen with eating area, three bedrooms and a full bath. Luxury vinyl plank flooring runs through the entire house except the foyer which has hardwood flooring. The foyer is spacious and gives access to the entire house. You could also use one apartment as your personal space and rent out the other apartment as a long term rental or a short term rental (airbnb). The driveway is located off the ally at the back of the house. Close proximity to the village and the lake. Also listed under MLS #R1386408. See the attached 3D video to take a virtual tour.

Last Agent to Sell the Property

William Burley

Listing by Century 21 Turner Brokers License #10311209727 Listed on: 01/26/2022

Century 21 Turner Brokers

Last Buyer's Agent

Roberta Thompson

Listing by Real Estate Advantage License #30TH0719586

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,885

Year Built

  • Built in 1930

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 100 x 50

Home Design

  • Stone Foundation

Interior Spaces

  • 2,072 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Formal Dining Room
  • Den
  • Full Attic
  • Eat-In Kitchen

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • No Garage
  • Dirt Driveway

Outdoor Features

  • Enclosed patio or porch

Schools

  • Southwestern Elementary School
  • Southwestern Middle School
  • Southwestern Senior High School

Utilities

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

Community Details

  • Holland Land Company's Su Community
  • Holland Land Company's Su Subdivision

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 062201-368-019-0002-040-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,885

Year Built

Built in 1930

Lot Details

0

Listing Details

  • NY Swis Code: Lakewood-Village-062201
  • Total Assessed Value: 50000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Number: 40
  • Nearest Cross Street: Chautauqua Ave
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 1655052.26
  • Ratio Close Price By Sq Ft: 91.70
  • Ratio List Price By Acres: 1733449.48
  • Ratio List Price By Sq Ft: 96.04
  • Regional Board Code: Rochester
  • School Tax: 980
  • Styles of Residence: 2 Story
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Village: Lakewood-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 5000
  • Ad Copy: Many possibilities with this updated home. Could be a single family with a guest suite or a two family. Close to the village and the lake.
  • Ad Headline: Updated Home
  • Age of Building: 92
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 2072
  • Directions To Property: From Chautauqua Ave onto East Third. Second house on the left.
  • Sq Ft Total Pub: 2072
  • Subdivision Comm Complex: Holland Land Company's Su
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Pex Plumbing- Some
  • Additional Rooms: 1st Floor Bedroom, Den/Study, Foyer/Entry Hall, Guest Suite, Laundry-Basement, Living Room, Porch - Enclosed
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wood-Some
  • Kitchen Appliances Included: Negotiable
  • Kitchen Dining Description: Eat-In, Formal Dining Room
  • Number of Bedrooms 1st Floor: 2
  • Number of Bedrooms 2nd Floor: 3
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 13
  • Total Bathrooms: 2.00
  • Total Bedrooms: 5
  • Total Sq Ft: 2072

Exterior Features

  • Construction: Composition
  • Number of Acres: 0.1148

Garage/Parking

  • Driveway Description: Dirt
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Southwestern
  • Elementary School: Southwestern Elementary
  • Middle School: Southwestern Middle
  • High School: Southwestern Senior High

Lot Info

  • Parcel Number: 062201-368-019-0002-040-000

Tax Info

  • Total Taxes: 1885

MLS Schools

  • Elementary School Name: Southwestern Elementary
  • High School Name: Southwestern Senior High
  • Middle School Name: Southwestern Middle
  • School District Name: Southwestern

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2022
Closed on
Apr 4, 2022
Sold by
Yu Farrah S and Yu Johnson C
Bought by
Payne Brian M and Payne Sarah E
Seller's Agent
William Burley
Century 21 Turner Brokers
Buyer's Agent
Roberta Thompson
Real Estate Advantage
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%
Current Estimated Value
$158,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,770
Avg. Annual Appreciation
-5.32%
Original Mortgage
$152,000
Outstanding Balance
$142,776
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$15,454

Purchase Details

Listed on
Jan 26, 2022
Closed on
Apr 1, 2022
Sold by
Yu Farrah S and Yu Johnson C
Bought by
Payne Brian M and Payne Sarah E
Seller's Agent
William Burley
Century 21 Turner Brokers
Buyer's Agent
Roberta Thompson
Real Estate Advantage
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Outstanding Balance
$142,776
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$15,454

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jul 15, 2021
Sold by
Vellia Ellen R
Bought by
Yu Farrah S and Yu Johnson C
Seller's Agent
Heather Shea-Canaley
ERA Team VP Real Estate
Buyer's Agent
Heather Shea-Canaley
ERA Team VP Real Estate
List Price
$69,900
Sold Price
$66,000
Premium/Discount to List
-$3,900
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
343.38%

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jul 1, 2021
Sold by
Vellia Ellen R
Bought by
Yu Farrah S and Yu Johnson C
Seller's Agent
Heather Shea-Canaley
ERA Team VP Real Estate
Buyer's Agent
Heather Shea-Canaley
ERA Team VP Real Estate
List Price
$69,900
Sold Price
$66,000
Premium/Discount to List
-$3,900
-5.58%

Purchase Details

Closed on
Feb 20, 2007
Sold by
Brown Charles A Susan L
Bought by
Vellia Ellen R
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
Payne Brian M $190,000 None Available
Payne Brian M $19,000 Lundberg Price Pc
Yu Farrah S -- None Listed On Document
Yu Farrah S $66,000 None Available
Vellia Ellen R $44,700 John Vanstrom
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payne Brian M $35,000
Open Payne Brian M $152,000
Previous Owner Vellia Ellen R $35,000
Previous Owner Vellia Ellen R $20,777
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2022 04/05/22 Sold $190,000 -4.5% $92 / Sq Ft
01/29/2022 01/29/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $199,000 +201.5% $96 / Sq Ft
07/19/2021 07/19/21 Sold $66,000 -5.6% $32 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $69,900 -- $34 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $2,957 $70,000 $5,700 $64,300
2023 $2,925 $70,000 $5,700 $64,300
2022 $2,394 $70,000 $5,700 $64,300
2021 $1,931 $50,000 $5,700 $44,300
2020 $1,316 $50,000 $5,700 $44,300
2019 $1,248 $50,000 $5,700 $44,300
2018 $1,248 $50,000 $5,700 $44,300
2017 $1,253 $50,000 $5,700 $44,300
2016 $1,339 $50,000 $5,700 $44,300
2015 -- $50,000 $5,700 $44,300
2014 -- $50,000 $5,700 $44,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1386401

Chautauqua-Cattaraugus Board of REALTORS®

APN: 062201-368-019-0002-040-000