NOT LISTED FOR SALE

502 Prospect St Lockport, NY 14094

Estimated Value: $133,000 - $159,498

2 Beds
1 Bath
738 Sq Ft
$199/Sq Ft Est. Value

Last Sold January 25, 2021

Last sale price $111,000 $150 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,058/month

10 Days on Market

Highlights

  • Forced Air Cooling System
  • Bungalow
  • Rectangular Lot
  • Breakfast Bar
  • Combination Dining and Living Room
  • 1-Story Property

About This Home

As of January 2021

Come take a look at this little GEM! All you need to do is move in and relax. Stainless steel appliances are included in this fully remodeled bungalow. Showing start immediately and offers are due on Oct. 31 after the Halloween Open House!! Don’t miss out!

Last Agent to Sell the Property

Kevin Jordan

Listing by HUNT Real Estate Corporation License #10401230686 Listed on: 10/21/2020

HUNT Real Estate Corporation

Last Buyer's Agent

Joseph Oliver

Listing by Nickel Realty License #10371201714

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,173

Year Built

  • Built in 1920

Lot Details

  • 5,949 Sq Ft Lot
  • Lot Dimensions are 121 x 49
  • Rectangular Lot

Parking

  • No Garage

Home Design

  • Bungalow
  • Block Foundation
  • Stone Foundation
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 738 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Laminate Flooring

Kitchen

  • Breakfast Bar
  • Gas Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

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

Utilities

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

Community Details

  • Map Community
  • Map Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 290900-109-009-0001-002-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,173

Year Built

Built in 1920

Lot Details

0

Listing Details

  • NY Swis Code: Lockport-City-290900
  • Total Assessed Value: 44300
  • Foundation Description: Block, Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 121
  • Lot Dimension Front: 49
  • Lot Information: Neighborhood Street
  • Lot Number: 2
  • Lot Shape: Rectangular
  • Nearest Cross Street: Charlotte Street
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 812591.51
  • Ratio Close Price By Sq Ft: 150.41
  • Ratio List Price By Acres: 768667.64
  • Ratio List Price By Sq Ft: 142.28
  • Regional Board Code: Buffalo
  • School Tax: 1037
  • Styles of Residence: Bungalow, Ranch
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5949
  • Age of Building: 102
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 738
  • Directions To Property: North on N. Transit, left on Charlotte, left on Prospect, left into driveway
  • Sq Ft Total Pub: 738
  • Subdivision Comm Complex: Map
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1920

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Copper Plumbing - Some
  • Additional Rooms: 1st Floor Bedroom, Laundry-Basement
  • Basement Description: Full
  • Floor Description: Laminate-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Gas, Range Hood-Exhaust Fan, Refrigerator
  • Kitchen Dining Description: Breakfast Bar, Living/Dining Combo
  • Number of Bedrooms 1st Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 738

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1366

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric

Lot Info

  • Parcel Number: 290900-109-009-0001-002-000

Tax Info

  • Total Taxes: 2173

MLS Schools

  • School District Name: Lockport

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Jan 20, 2021
Sold by
Rehm Derek J
Bought by
Harvey Nathan David
Seller's Agent
Kevin Jordan
HUNT Real Estate Corporation
Buyer's Agent
Joseph Oliver
Nickel Realty
List Price
$105,000
Sold Price
$111,000
Premium/Discount to List
$6,000
5.71%
Current Estimated Value
$147,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,125
Avg. Annual Appreciation
6.10%
Original Mortgage
$107,600
Outstanding Balance
$95,847
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$51,278

Purchase Details

Closed on
Feb 28, 2020
Sold by
Miller Erica M
Bought by
Rehm Derek J

Purchase Details

Closed on
Aug 6, 2009
Sold by
Brown Amanda
Bought by
Miller Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,184
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 2006
Sold by
Brown Amanda
Bought by
Dzierzanowski Gerard

Purchase Details

Closed on
Jul 17, 1996

Purchase Details

Closed on
May 25, 1996
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
Harvey Nathan David $111,000 Stewart Title Insurance Co
Rehm Derek J $30,300 None Available
Miller Erica $45,000 Joseph Notaro
Dzierzanowski Gerard -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvey Nathan David $107,600
Previous Owner Miller Erica $44,184
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2021 01/25/21 Sold $111,000 +5.7% $150 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $105,000 -- $142 / 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 $3,452 $127,000 $4,600 $122,400
2023 $3,411 $122,000 $4,600 $117,400
2022 $2,629 $111,000 $4,600 $106,400
2021 $2,484 $63,000 $4,700 $58,300
2020 $1,709 $44,300 $4,700 $39,600
2019 $383 $44,300 $4,700 $39,600
2018 $1,236 $44,300 $4,700 $39,600
2017 $1,232 $44,300 $4,700 $39,600
2016 $1,193 $44,300 $4,700 $39,600
2015 -- $44,300 $4,700 $39,600
2014 -- $44,300 $4,700 $39,600
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1302869

Western New York Real Estate Information Services (WNYREIS)

APN: 290900-109-009-0001-002-000