NOT LISTED FOR SALE

523 Minnesota Ave Buffalo, NY 14215

University District Neighborhood

Estimated Value: $154,000 - $209,000

4 Beds
2 Baths
1,821 Sq Ft
$96/Sq Ft Est. Value

Last Sold April 14, 2023

Last sale price $150,000 $82 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $980/month

61 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Electric Fireplace
  • Woodwork
  • Property is near a bus stop

About This Home

As of April 2023

University two family home! This property will be vacant by closing! The lower unit has a large living room, large dining room, kitchen, two bedrooms and a bathroom. The lower unit has the original hardwood floors, beautiful built in cabinets and natural woodwork. The upper is tenant occupied but will be vacant before closing. The basement is clean, dry and there is a sump pump. Bonus: there are built in cabinets in the basement. There is a large garage and yard.

Last Agent to Sell the Property

Jewwl Hossain

Listing by Red Door Real Estate WNY LLC License #10401334130 Listed on: 10/07/2022

Co-Listed By

Renee J. Moran

Listing by Red Door Real Estate WNY LLC License #10491202951

Last Buyer's Agent

Jewwl Hossain

Listing by Red Door Real Estate WNY LLC License #10401334130 Listed on: 10/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $918

Year Built

  • Built in 1930

Lot Details

  • 3,900 Sq Ft Lot
  • Lot Dimensions are 130 x 30

Parking

  • 1.5 Car Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,821 Sq Ft Home
  • 1.7-Story Property
  • Woodwork
  • Electric Fireplace

Flooring

  • Wood
  • Laminate

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes refuse removal, water
  • Tax Lot 5
  • Assessor Parcel Number 140200-079-730-0003-005-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$918

Year Built

Built in 1930

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 60000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 30
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 5
  • Nearest Cross Street: Bailey
  • Number of Stories: 1.7000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1675977.65
  • Ratio Close Price By Sq Ft: 82.37
  • Ratio List Price By Acres: 1843575.42
  • Ratio List Price By Sq Ft: 90.61
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • Roof Description: Asphalt
  • School Tax: 283
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3900
  • Age of Building: 93
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 1821
  • Directions To Property: Bailey to Minnesota
  • Sq Ft Total Pub: 1821
  • Attribution Contact: 516-399-3625
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Natural Woodwork - some, Sump Pump
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some
  • Number of Fireplaces Artificial: 1
  • Number of Fireplaces Total Calculated: 1
  • Total Sq Ft: 1821

Exterior Features

  • Construction: Composition, Shake Shingle
  • Number of Acres: 0.0895

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.5000
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-079-730-0003-005-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 918

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Feb 17, 2023
Sold by
Sabrina Property Inc
Bought by
Akbar Md Ali and Akter Roksana
Seller's Agent
Jewwl Hossain
Red Door Real Estate WNY LLC
Buyer's Agent
Jewwl Hossain
Red Door Real Estate WNY LLC
List Price
$175,000
Sold Price
$150,000
Premium/Discount to List
-$25,000
-14.29%
Views
93
Current Estimated Value
$174,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,458
Avg. Annual Appreciation
6.70%

Purchase Details

Closed on
Jan 10, 2020
Sold by
Alam Nural A
Bought by
Sabrina Property Inc

Purchase Details

Closed on
Feb 27, 2018
Sold by
Shahab Kazi F
Bought by
Alam Nural A

Purchase Details

Listed on
Sep 2, 2013
Closed on
Oct 22, 2013
Sold by
Deimling John J and Deimling Lani M
Bought by
Shahab Kazi F
Seller's Agent
Todd Vanderlip
Park Realty of WNY LLC
Buyer's Agent
Pushpa Gunatilake
Pioneer Star Real Estate Inc.
List Price
$39,900
Sold Price
$32,000
Premium/Discount to List
-$7,900
-19.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.50%

Purchase Details

Closed on
Sep 30, 2005
Sold by
Capp Ronald D
Bought by
Deimling John J and Deimling Lani M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,700
Interest Rate
5.78%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 1, 2004
Sold by
Cerny Mary R and Russo Mary T
Bought by
Capp Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,750
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage
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
Akbar Md Ali $150,000 Chicago Title Insurance Co
Sabrina Property Inc $9,900 None Available
Alam Nural A $6,000 None Available
Shahab Kazi F $32,000 None Available
Deimling John J -- None Available
Capp Ronald $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deimling John J $38,700
Previous Owner Capp Ronald $33,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2023 04/14/23 Sold $150,000 -9.1% $82 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
11/30/2022 11/30/22 Price Changed $165,000 -2.9% $91 / Sq Ft
11/26/2022 11/26/22 Price Changed $169,900 -2.9% $93 / Sq Ft
10/31/2022 10/31/22 For Sale $175,000 +16.7% $96 / Sq Ft
10/30/2022 10/30/22 Off Market $150,000 -- --
10/07/2022 10/07/22 For Sale $185,000 +478.1% $102 / Sq Ft
11/07/2013 11/07/13 Sold $32,000 -19.8% $18 / Sq Ft
09/11/2013 09/11/13 Pending -- -- --
09/02/2013 09/02/13 For Sale $39,900 -- $22 / 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 $304 $60,000 $4,400 $55,600
2023 $304 $60,000 $4,400 $55,600
2022 $302 $60,000 $4,400 $55,600
2021 $302 $60,000 $4,400 $55,600
2020 $350 $60,000 $4,400 $55,600
2019 $1,248 $45,500 $6,200 $39,300
2018 $1,175 $45,500 $6,200 $39,300
2017 $271 $45,500 $6,200 $39,300
2016 $1,108 $45,500 $6,200 $39,300
2015 -- $45,500 $6,200 $39,300
2014 -- $45,500 $6,200 $39,300
Source: Public Records

Agents Affiliated with this Home

  • Jewwl Hossain

    Seller's Agent in 2023

    Jewwl Hossain

    Red Door Real Estate WNY LLC

    (516) 399-3625

    6 in this area

    32 Total Sales

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  • Renee J. Moran

    Seller Co-Listing Agent in 2023

    Renee J. Moran

    Red Door Real Estate WNY LLC

    (716) 866-8361

    13 in this area

    274 Total Sales

    Section Image
  • Todd Vanderlip

    Seller's Agent in 2013

    Todd Vanderlip

    Park Realty of WNY LLC

    (716) 563-2166

    4 in this area

    168 Total Sales

    Section Image
  • Pushpa Gunatilake

    Buyer's Agent in 2013

    Pushpa Gunatilake

    Pioneer Star Real Estate Inc.

    (716) 907-3046

    46 in this area

    392 Total Sales

    Section Image
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Map

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

MLS Number: B1437719

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-079-730-0003-005-000

New York Erie County Buffalo 14215 University District

523 Minnesota Ave, Buffalo, NY

This home is located at 523 Minnesota Ave, Buffalo, NY 14215 since 07 October 2022 and is currently estimated at $174,458, approximately $95 per square foot. This property was built in 1930. 523 Minnesota Ave is a home located in Erie County with nearby schools including Westminster Community Charter School, Charter School Of Inquiry, and St. Joseph University School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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