NOT LISTED FOR SALE

501 Forest Ave Buffalo, NY 14222

Elmwood Bidwell Neighborhood

Estimated Value: $330,415 - $450,000

7 Beds
3 Baths
2,710 Sq Ft
$154/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2014

Last sale price $150,000 $55 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $2,385 / mo

66 Days on Market

Highlights

  • Wood Flooring
  • Full Attic
  • Property is near bus stop
  • Finished Attic
  • Forced Air Cooling System

About This Home

As of September 2014

Hard to find legal three unit across from Buffalo State College. Fully rented. Current gross is $1950.00 a month. 4 car garage and ample parking in the back. Stove and fridges in each apartment. Full basement.

Last Agent to Sell the Property

Cindy Fridenberg

Listing by Spagna Goodman LLC License #10491200842 Listed on: 05/16/2014

Last Buyer's Agent

Susan Lenahan

Listing by MJ Peterson Real Estate Inc. License #30LE1129135

MJ Peterson Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,419

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 150 x 35

Parking

  • 4 Car Garage

Interior Spaces

  • 2,710 Sq Ft Home
  • 2-Story Property
  • Finished Basement

Kitchen

  • Free-Standing Range
  • Range Hood

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum

Attic

  • Full Attic
  • Finished Attic

Location

  • Property is near bus stop

Utilities

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

Listing and Financial Details

  • Rent includes garage, refuse removal, water
  • Assessor Parcel Number 140200-089-610-0002-002-000

Community Details

Overview

  • 3 Units
  • Stevens Surv Community
  • Stevens Surv Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,419

Year Built

Built in 1900

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Age: 114
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 148000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 150
  • Lot Dimension Front: 35
  • Lot Information: Near Bus Line, Neighborhood Street
  • L P Per Acre: 1415833.3300
  • List Price per Sq Ft: 62.6937
  • Nearest Cross Street: Hoyt
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1250000.00
  • Ratio Close Price By Sq Ft: 55.35
  • Ratio List Price By Acres: 1415833.33
  • Ratio List Price By Sq Ft: 62.69
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: Garage, Refuse Removal, Water
  • Sale Price List Price: 0.8828
  • S P Per Acre: 1250000.0000
  • S P Per Sq Ft: 55.3500
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 169900.00
  • Year Built Description: Existing
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: Forest across from Buffalo State College
  • Subdivision Comm Complex: STEVENS SURV
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Attic Description: Finished, Full
  • Basement Description: Finished
  • Floor Description: Hardwood-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Freestanding, Range Hood-Exhaust Fan
  • Number of Rooms: 18
  • Total Sq Ft: 2710

Exterior Features

  • Number of Acres: 0.1200

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 4.0000
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 140200-089-610-0002-002-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 4419

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2022
Sold by
Lea Kelly Jacob
Bought by
Lk Development Llc
Current Estimated Value
$416,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Outstanding Balance
$293,063
Interest Rate
5.27%
Mortgage Type
Construction
Estimated Equity
$123,791

Purchase Details

Listed on
May 16, 2014
Closed on
Sep 18, 2014
Sold by
Kusturic Borislav
Bought by
Lea Kelly Jacob
Seller's Agent
Cindy Fridenberg
Spagna Goodman LLC
Buyer's Agent
Susan Lenahan
MJ Peterson Real Estate Inc.
List Price
$189,900
Sold Price
$150,000
Premium/Discount to List
-$39,900
-21.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%

Purchase Details

Closed on
Apr 13, 2010
Sold by
Fontana Frank and Fontana Marian
Bought by
Kusturic Borislav

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,202
Interest Rate
5.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lk Development Llc -- None Available
Lea Kelly Jacob $155,000 None Available
Kusturic Borislav $148,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lk Development Llc $308,000
Previous Owner Kusturic Borislav $146,202
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2014 09/30/14 Sold $150,000 -21.0% $55 / Sq Ft
07/21/2014 07/21/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $189,900 0.0% $70 / Sq Ft
08/21/2012 08/21/12 Rented $500 0.0% --
08/21/2012 08/21/12 Under Contract -- -- --
04/30/2012 04/30/12 For Rent $500 -- --
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 $1,681 $300,000 $24,000 $276,000
2023 $1,520 $300,000 $24,000 $276,000
2022 $1,508 $300,000 $24,000 $276,000
2021 $1,508 $300,000 $24,000 $276,000
2020 $1,139 $300,000 $24,000 $276,000
2019 $4,060 $148,000 $12,100 $135,900
2018 $3,821 $148,000 $12,100 $135,900
2017 $880 $148,000 $12,100 $135,900
2016 $3,603 $148,000 $12,100 $135,900
2015 -- $148,000 $12,100 $135,900
2014 -- $148,000 $12,100 $135,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Cindy Fridenberg

    Spagna Goodman LLC

    (716) 481-7653

    17 Total Sales

    Cindy Fridenberg
    Section Image
  • Susan Lenahan

    Buyer's Agent in 2014

    Susan Lenahan

    MJ Peterson Real Estate Inc.

    (716) 819-4200

    56 in this area

    269 Total Sales

    Susan Lenahan
    Section Image
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Map

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

MLS Number: B451816

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-610-0002-002-000

New York Erie County Buffalo 14213 Elmwood Bidwell

501 Forest Ave, Buffalo, NY

Not Listed for Sale

MultiFamily

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