NOT LISTED FOR SALE

523 Lisbon Ave Buffalo, NY 14215

University District Neighborhood

Estimated Value: $127,000 - $196,000

3 Beds
2 Baths
1,771 Sq Ft
$99/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $60,000 $34 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $941/month

7 Days on Market

About This Home

As of August 2018

Fixer-upper with potential to be an easy-to-rent money maker! Large 2 car garage, front balcony

Last Agent to Sell the Property

Joseph Stanek

Listing by No Office Affiliation License #10301215792 Listed on: 06/15/2018

Last Buyer's Agent

Mohammad Rahman

Listing by Keller Williams Realty WNY License #10401292662

Keller Williams Realty WNY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,107

Year Built

  • Built in 1925

Lot Details

  • 3,300 Sq Ft Lot
  • Lot Dimensions are 110 x 30

Parking

  • 2 Car Garage

Home Design

  • Frame Construction

Interior Spaces

  • 1,771 Sq Ft Home
  • 1.5-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Utilities

  • Multiple Heating Units
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 1
  • Assessor Parcel Number 140200-079-740-0008-001-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,107

Year Built

Built in 1925

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 49000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 110
  • Lot Dimension Front: 30
  • Lot Information: Neighborhood Street
  • Lot Number: 1
  • Nearest Cross Street: Bailey
  • Number of Stories: 1.5000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 791556.73
  • Ratio Close Price By Sq Ft: 33.88
  • Ratio List Price By Acres: 565963.06
  • Ratio List Price By Sq Ft: 24.22
  • Regional Board Code: Buffalo
  • School Tax: 436
  • Sub Board Code: Buffalo
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 3300
  • Age of Building: 97
  • Year Built: 1925
  • Directions To Property: Bailey to Lisbon
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1925

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Total Sq Ft: 1771

Exterior Features

  • Construction: Frame
  • Number of Acres: 0.0758

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Radiant
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 140200-079-740-0008-001-000

Rental Info

  • Certificate of Occupancy: Not Required, Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1107

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Jul 26, 2018
Sold by
Us Bank Trust Company Association and Reo Trust
Bought by
Zinnat Hasina Akter
Seller's Agent
Joseph Stanek
No Office Affiliation
Buyer's Agent
Mohammad Rahman
Keller Williams Realty WNY
List Price
$42,900
Sold Price
$60,000
Premium/Discount to List
$17,100
39.86%
Current Estimated Value
$176,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,204
Avg. Annual Appreciation
15.60%

Purchase Details

Closed on
Mar 30, 2018
Sold by
Saint Joseph H
Bought by
U S Bank Tr N A

Purchase Details

Closed on
Aug 3, 1998
Sold by
Angiers Christopher A
Bought by
Saint Joseph H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Zinnat Hasina Akter $60,000 Fidelity Natl Title Ins Co
U S Bank Tr N A $38,710 Denver Dil Title
Saint Joseph H $52,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Sold $60,000 +39.9% $34 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $42,900 -- $24 / 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 $336 $60,000 $4,200 $55,800
2023 $312 $60,000 $4,200 $55,800
2022 $302 $60,000 $4,200 $55,800
2021 $302 $60,000 $4,200 $55,800
2020 $377 $60,000 $4,200 $55,800
2019 $1,344 $49,000 $5,800 $43,200
2018 $1,265 $49,000 $5,800 $43,200
2017 $291 $49,000 $5,800 $43,200
2016 $1,193 $49,000 $5,800 $43,200
2015 -- $49,000 $5,800 $43,200
2014 -- $49,000 $5,800 $43,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joseph Stanek

    No Office Affiliation

    Section Image
  • Mohammad Rahman

    Buyer's Agent in 2018

    Mohammad Rahman

    Keller Williams Realty WNY

    (585) 689-1726

    20 in this area

    95 Total Sales

    Mohammad Rahman
    Section Image
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Map

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

MLS Number: B1126662

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-079-740-0008-001-000

New York Erie County Buffalo 14215 University District

523 Lisbon Ave, Buffalo, NY

Not Listed for Sale

MultiFamily

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