$65,000
SOLD AUG 17, 2017

505 Central Ave Lancaster, NY 14086

3 Beds
1.5 Baths
1,289 Sq Ft
10,725 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

21% Below List Price

15 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 1 Car Attached Garage
  • Lancaster High School Rated A-
  • Fenced Yard
  • Eat-In Kitchen

About This Home

As of May 2025

Looking for a small project for your next home or investment? You found it! This gem will be worth it when it's done. Featuring 3 bedrooms, 1.5 baths, a large living room and fenced yard, you won't want to pass this by. So make your appointment today! Easy to show!

Last Agent to Sell the Property

Michael Wilson

Listing by Michael Wilson Realty LLC License #49WI1146749 Listed on: 06/07/2017

Last Buyer's Agent

Nancy Sweeney

Listing by No Office Affiliation License #10401259381

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • 10,725 Sq Ft Lot
  • Lot Dimensions are 143 x 75
  • Fenced Yard

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,289 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

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

Outdoor Features

  • Deck
  • Shed

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 69
  • Assessor Parcel Number 145289-093-190-0004-069-000

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Lancaster-145289
  • Total Assessed Value: 116000
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 143
  • Lot Dimension Front: 75
  • Lot Information: Neighborhood Street
  • Lot Number: 69
  • Nearest Cross Street: Seitz Ave
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 264013.00
  • Ratio Close Price By Sq Ft: 50.43
  • Ratio List Price By Acres: 335093.42
  • Ratio List Price By Sq Ft: 64.00
  • Regional Board Code: Buffalo
  • School Tax: 1968
  • Styles of Residence: Ranch
  • Sub Board Code: Buffalo
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 10725
  • Age of Building: 58
  • Year Built: 1964
  • Directions To Property: On Central Ave, north of Walden Ave and south of Pleasant View Dr
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1964

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Circuit Breakers - Some
  • Additional Rooms: 1st Floor Bedroom, Laundry-Basement, Living Room
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher
  • Kitchen Dining Description: Eat-In
  • Number of Bedrooms 1st Floor: 3
  • Number of Fireplaces Total Calculated: 1
  • Number of Fireplaces Woodburning: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Half Bathrooms in the Basement: 1
  • Number of Rooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 3
  • Total Sq Ft: 1289

Exterior Features

  • Construction: Brick
  • Additional Exterior Features: Deck, Fully Fenced Yard
  • Number of Acres: 0.2462

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Attached
  • Number of Garage Spaces: 1.0000

Utilities

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

Schools

  • School District: Lancaster

Lot Info

  • Parcel Number: 145289-093-190-0004-069-000

Tax Info

  • Total Taxes: 3911

MLS Schools

  • School District Name: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2025
Closed on
May 16, 2025
Sold by
Johnson Laura and Sayre Daniel
Bought by
Caudill Derek A
Seller's Agent
Michael Calabrese
LoVallo Real Estate
Buyer's Agent
Michael Measer
716 Realty Group WNY LLC
List Price
$269,900
Sold Price
$292,000
Premium/Discount to List
$22,100
8.19%
Views
313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-31.64%
Original Mortgage
$233,600
Outstanding Balance
$233,344
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$42,464

Purchase Details

Listed on
Jan 4, 2023
Closed on
Feb 15, 2023
Sold by
Galbo Paul and Galbo Kathleen
Bought by
Johnson Laura and Sayre Daniel
Seller's Agent
Barbara Hoy
HUNT Real Estate Corporation
Buyer's Agent
Barbara Hoy
HUNT Real Estate Corporation
List Price
$239,900
Sold Price
$250,000
Premium/Discount to List
$10,100
4.21%
Views
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$230,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2018
Closed on
Apr 2, 2018
Sold by
Ae Buffalo Properties Llc
Bought by
Galbo Paul and Galbo Kathleen
Seller's Agent
Nancy Sweeney
No Office Affiliation
Buyer's Agent
Stacy Phillips
Howard Hanna WNY Inc.
List Price
$164,900
Sold Price
$164,000
Premium/Discount to List
-$900
-0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%

Purchase Details

Listed on
Jun 7, 2017
Closed on
Aug 2, 2017
Sold by
U S Bank N A
Bought by
Ae Buffalo Properties Llc
Seller's Agent
Michael Wilson
Michael Wilson Realty LLC
Buyer's Agent
Nancy Sweeney
No Office Affiliation
List Price
$82,500
Sold Price
$65,000
Premium/Discount to List
-$17,500
-21.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
334.50%

Purchase Details

Closed on
Apr 7, 2017
Sold by
Michaelski Kathleen M and Michaelski Kevin R
Bought by
U S Bank Trust Na and Lsf8 Master Participation Trusts

Purchase Details

Closed on
Oct 21, 2005
Sold by
Michalski Kathleen M and Michalski Kevin R
Bought by
Michalski Kevin R and Michalski Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.14%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $292,000 Chicago Title Insurance Co
Deed $250,000 Stewart Title
Deed $250,000 None Available
Deed $250,000 Stewart Title
Deed $164,000 None Available
Deed $164,000 None Available
Deed $65,000 None Available
Deed $65,000 None Available
Foreclosure Deed $265,284 None Available
Foreclosure Deed $265,284 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $233,600 New Conventional
Previous Owner $230,000 New Conventional
Previous Owner $125,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $292,000 +8.2% $227 / Sq Ft
03/27/2025 03/27/25 Pending -- -- --
03/17/2025 03/17/25 For Sale $269,900 +8.0% $209 / Sq Ft
03/08/2023 03/08/23 Sold $250,000 +4.2% $194 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $239,900 +46.3% $186 / Sq Ft
04/04/2018 04/04/18 Sold $164,000 -0.5% $127 / Sq Ft
03/02/2018 03/02/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $164,900 0.0% $128 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $164,900 +153.7% $128 / Sq Ft
08/17/2017 08/17/17 Sold $65,000 -21.2% $50 / Sq Ft
06/22/2017 06/22/17 Pending -- -- --
06/07/2017 06/07/17 For Sale $82,500 -- $64 / 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 -- $164,000 $20,400 $143,600
2023 $4,747 $164,000 $20,400 $143,600
2022 -- $164,000 $20,400 $143,600
2021 $3,888 $164,000 $20,400 $143,600
2020 $4,470 $164,000 $20,400 $143,600
2019 $3,888 $116,000 $13,400 $102,600
2018 $4,047 $116,000 $13,400 $102,600
2017 $1,920 $116,000 $13,400 $102,600
2016 $3,911 $116,000 $13,400 $102,600
2015 -- $116,000 $13,400 $102,600
2014 -- $116,000 $13,400 $102,600
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1054015

Western New York Real Estate Information Services (WNYREIS)

APN: 145289-093-190-0004-069-000