NOT LISTED FOR SALE

501 West Ave Lockport, NY 14094

Estimated Value: $178,000 - $214,166

4 Beds
3 Baths
2,400 Sq Ft
$79/Sq Ft Est. Value

Last Sold April 11, 2023

Last sale price $159,000 $66 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,326/month

137 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • High Speed Internet
  • Full Attic
  • Forced Air Cooling System

About This Home

As of April 2023

BACK ON THE MARKET! Let someone else’s loss be your gain with this amazing opportunity to own a huge duplex in Lockport. Both apartments have 2 bed rooms and 1,200 sq ft. The left side has 1 full and 1 half bathroom, and right side apartment has 2 full bathrooms. This would be an amazing start to anyone investment portfolio or you could live on one side and left your tenant help you pay your mortgage. The roof is only about 10 years old and the furnace for the right side apartment (Owner side currently) is less than a year old. There is also a fully fenced yard and separate parking for each side. Make your appointment today before it is too late. Property is being sold "as-is." Owner can not do any repairs as a result of any inspections or bank appraisals. Offers presented as they come in.

Last Agent to Sell the Property

Nicholas Casillo

Listing by WNY Real Estate License #10401344363 Listed on: 09/04/2022

WNY Real Estate

Last Buyer's Agent

Darel Pajan

Listing by Neighborhood Assistant Corporation of America License #10401324098

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,597

Year Built

  • Built in 1890

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 116 x 74
  • Fenced Yard

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 2,400 Sq Ft Home
  • 2.5-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Attic

  • Full Attic
  • Unfinished Attic

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 1 Car Garage
  • Shared Driveway

Schools

  • Lockport High School

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Tax Lot 54
  • Assessor Parcel Number 290900-108-016-0002-054-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,597

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Lockport-City-290900
  • Total Assessed Value: 61700
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 116
  • Lot Dimension Front: 74
  • Lot Information: Primary Road
  • Lot Number: 54
  • Nearest Cross Street: Route 93
  • Number of Stories: 2.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 795000.00
  • Ratio Close Price By Sq Ft: 66.25
  • Ratio List Price By Acres: 799000.00
  • Ratio List Price By Sq Ft: 66.58
  • Regional Board Code: Buffalo
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 1832
  • Sub Board Code: Buffalo
  • Type of Sale: Estate, Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 8712
  • Age of Building: 133
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 2400
  • Directions To Property: S. Transit to West Ave
  • Sq Ft Total Pub: 2400
  • Attribution Contact: 716-390-1915
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Sump Pump
  • Attic Description: Full, Unfinished
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some, Wood-Some
  • Total Sq Ft: 2400

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Fully Fenced Yard, High Speed Internet, Private Yard - see Remarks
  • Number of Acres: 0.2000

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces, Blacktop, Garage, Shared

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: 290900-108-016-0002-054-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3597

MLS Schools

  • High School Name: Lockport High
  • School District Name: Lockport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2014
Sold by
Est Of Tommy L Robinson
Bought by
White Lillie B and Crenshaw
Current Estimated Value
$190,042

Purchase Details

Closed on
Oct 23, 2014
Sold by
Est Of Tommy L Robinson
Bought by
White Lillie B and Crenshaw

Purchase Details

Closed on
Jun 20, 1994
Sold by
Apolito Maria Jc
Bought by
White Lillie B
Source: Public Records

Range of Values:

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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
White Lillie B -- Michael Santariello
White Lillie B -- Arthur E. Jr. Jackson
White Lillie B -- None Available
White Lillie B $67,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2023 04/11/23 Sold $159,000 -0.5% $66 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
12/27/2022 12/27/22 For Sale $159,800 0.0% $67 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
11/08/2022 11/08/22 Price Changed $159,800 -0.1% $67 / Sq Ft
11/04/2022 11/04/22 For Sale $159,900 0.0% $67 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
09/04/2022 09/04/22 For Sale $159,900 -- $67 / 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 $3,914 $144,000 $6,200 $137,800
2023 $3,963 $138,000 $6,200 $131,800
2022 $2,870 $125,000 $6,200 $118,800
2021 $1,807 $61,700 $5,800 $55,900
2020 $1,683 $61,700 $5,800 $55,900
2019 $533 $61,700 $5,800 $55,900
2018 $1,004 $61,700 $5,800 $55,900
2017 $977 $61,700 $5,800 $55,900
2016 $895 $61,700 $5,800 $55,900
2015 -- $61,700 $5,800 $55,900
2014 -- $61,700 $5,800 $55,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1431597

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-108-016-0002-054-000