NOT LISTED FOR SALE

503 Richmond Ave Buffalo, NY 14222

Elmwood Bidwell Neighborhood

Estimated Value: $600,000 - $838,493

8 Beds
3 Baths
3,940 Sq Ft
$184/Sq Ft Est. Value

Last Sold December 11, 2014

Last sale price $375,000 $95 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,121/month

2 Days on Market

Highlights

  • Wood Flooring
  • Full Attic
  • Security System Owned
  • Finished Attic
  • Woodwork
  • Property is near a bus stop

About This Home

As of December 2014

Charming 2-Unit with 2-story owners unit. Hardwood floors thru-out, French doors, leaded glass, updated kitchens. 2nd floor apt has finished 3rd floor w/3 rooms, 13x13, 13x12, 20x25, full bathroom. Great French door, 2nd floor has 2nd floor porch. Fully appliance kitchens, 1st floor has A/C. 2 car garage, all separate utilities. Rents are estimated for both apts are vacant.

Last Agent to Sell the Property

Kristan Andersen

Listing by Gurney Becker & Bourne License #10311200331 Listed on: 10/20/2014

Last Buyer's Agent

John Kopera

Listing by No Office Affiliation License #10301200858

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,725

Year Built

  • Built in 1915

Lot Details

  • 5,924

Home Design

  • Partial Copper Plumbing

Interior Spaces

  • 3,940 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Gas Fireplace
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Security System Owned

Kitchen

  • Electric Range
  • Dishwasher

Attic

  • Full Attic
  • Finished Attic

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Driveway

Utilities

  • Central Air
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Lot Dimensions are 143 x 48
  • Property is near a bus stop

Listing and Financial Details

  • Rent includes refuse removal, snow removal, water
  • Assessor Parcel Number 140200-100-290-0001-025-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,725

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Age: 99
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 229000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 143
  • Lot Dimension Front: 48
  • Lot Information: Near Bus Line, Neighborhood Street
  • List Price per Sq Ft: 97.7157
  • Nearest Cross Street: WEST FERRY
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 95.18
  • Ratio List Price By Sq Ft: 97.72
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: Refuse Removal, Snow Removal, Water
  • School Tax: 2061
  • Sale Price List Price: 0.9740
  • S P Per Sq Ft: 95.1800
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 385000.00
  • Year Built Description: Existing
  • Age of Building: 107
  • Year Built: 1915
  • Directions To Property: Richmond near West Ferry
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1915

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Natural Woodwork - some, Security System - Owned
  • Attic Description: Finished, Full
  • Basement Description: Full, Partially Finished
  • Floor Description: Hardwood-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Built-In-Some, Oven/Range Electric-Some
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of Rooms: 10
  • Total Sq Ft: 3940

Exterior Features

  • Construction: Brick, Stone
  • Additional Exterior Features: Cable TV Available, Garage Door Opener

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: Concrete

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Hot Water
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Air Conditioning, Electricity, Gas, Heat, Water
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-100-290-0001-025-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 5725

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2014
Closed on
Dec 12, 2014
Sold by
Pearce Shawn T
Bought by
Shelp Edwin G and Shelp Kimberly M
Seller's Agent
Kristan Andersen
Gurney Becker & Bourne
Buyer's Agent
John Kopera
No Office Affiliation
List Price
$385,000
Sold Price
$375,000
Premium/Discount to List
-$10,000
-2.6%
Current Estimated Value
$723,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,873
Avg. Annual Appreciation
5.69%
Original Mortgage
$281,250
Outstanding Balance
$106,208
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$573,063

Purchase Details

Closed on
Oct 28, 1996
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
Shelp Edwin G $380,000 None Available
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shelp Edwin G $281,250
Closed Pearce Shawn T $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2014 12/11/14 Sold $375,000 -2.6% $95 / Sq Ft
10/22/2014 10/22/14 Pending -- -- --
10/20/2014 10/20/14 For Sale $385,000 -- $98 / 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 $2,219 $438,000 $84,400 $353,600
2023 $2,219 $438,000 $84,400 $353,600
2022 $2,202 $438,000 $84,400 $353,600
2021 $2,202 $438,000 $84,400 $353,600
2020 $2,186 $438,000 $84,400 $353,600
2019 $7,792 $284,000 $28,800 $255,200
2018 $7,332 $284,000 $28,800 $255,200
2017 $1,362 $284,000 $28,800 $255,200
2016 $5,574 $229,000 $28,800 $200,200
2015 -- $229,000 $28,800 $200,200
2014 -- $229,000 $28,800 $200,200
Source: Public Records

Agents Affiliated with this Home

  • Kristan Andersen

    Seller's Agent in 2014

    Kristan Andersen

    Gurney Becker & Bourne

    (716) 480-0000

    57 in this area

    233 Total Sales

    Kristan Andersen
    Section Image

  • J

    Buyer's Agent in 2014

    John Kopera

    No Office Affiliation

    Section Image
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Map

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

MLS Number: B463261

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-100-290-0001-025-000

New York Erie County Buffalo 14213 Elmwood Bidwell

503 Richmond Ave, Buffalo, NY

This home is located at 503 Richmond Ave, Buffalo, NY 14222 since 20 October 2014 and is currently estimated at $723,873, approximately $183 per square foot. This property was built in 1915. 503 Richmond Ave is a home located in Erie County with nearby schools including Buffalo Creek Academy Charter School, Nardin Academy, and Nardin Academy High School.

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