NOT LISTED FOR SALE

5240 Genesee St Bowmansville, NY 14026

Estimated Value: $462,885

-- Bed
-- Bath
9,701 Sq Ft
$48/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $420,000 $43 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,435/month

46 Days on Market

Highlights

  • 58,806 Sq Ft lot
  • Wood Flooring
  • Forced Air Cooling System
  • Lancaster High School Rated A-

About This Home

As of August 2023

Apartments consist of 1, 2 and 3 bdrm (one unit contains its own stacked w/d unit), and 1 unit is two-story with 3-bedrooms. All apartments have its own utilities meter, central a/c, and each a private patio. Kitchens, bathrooms, and interiors were updated and freshly painted in 2014-16. Exterior was painted in 2018, new glass block windows installed, and a new asphalt driveway.
BARN INFO:2-story full insulated up and downstairs, holds 7 cars with its own gas, electric, water, and a/c unit. Multiple entranceways into the building w/ private entrance to the upstairs. Bath on both floors.
Upstairs could be office space or storage. Property goes all the way back to the creek. Barn was recently painted.
This well-maintained property has been 100% occupied during current ownership. If this seems like a fit for you, let's schedule a showing!

Last Agent to Sell the Property

Donna Visone

Listing by Howard Hanna WNY Inc. License #10401251841 Listed on: 01/05/2023

Howard Hanna WNY Inc.

Last Buyer's Agent

Renee J. Moran

Listing by Red Door Real Estate WNY LLC License #10491202951

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,496

Year Built

  • Built in 1860

Lot Details

  • 1.35 Acre Lot
  • Lot Dimensions are 58,806 x 91

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 9,701 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Car Garage
  • Shared Driveway

Utilities

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

Listing and Financial Details

  • Rent includes lawn maintenance, no utilities, refuse removal, snow removal
  • Tax Lot 15
  • Assessor Parcel Number 145289-093-060-0001-015-000

Community Details

Overview

  • 4 Units
  • Holland Land Cos Surv Community
  • Holland Land Cos Surv Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,496

Year Built

Built in 1860

Lot Details

0

Listing Details

  • NY Swis Code: Lancaster-145289
  • Total Assessed Value: 350000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 58806
  • Lot Dimension Front: 91
  • Lot Information: Primary Road
  • Lot Number: 15
  • Nearest Cross Street: Transit Road
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 43.29
  • Ratio List Price By Sq Ft: 45.30
  • Regional Board Code: Buffalo
  • Rent Includes: Lawn Maintenance, No Utilities, Refuse Removal, Snow Removal
  • School Tax: 5011
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 58806
  • Age of Building: 163
  • Year Built: 1860
  • Directions To Property: NY 78/Transit Rd - make right on NY 33/Genesee St -property on left about .4 miles
  • Subdivision Comm Complex: Holland Land Cos Surv
  • Attribution Contact: 716-359-2238
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1860

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some, Wood-Some
  • Total Sq Ft: 9701

Exterior Features

  • Construction: Vinyl, Wood

Garage/Parking

  • Number of Electric Meters: 4
  • Number of Garage Spaces: 7.0000
  • Parking Driveway: 2 or More Spaces, Blacktop, Common, Shared

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Lancaster

Lot Info

  • Parcel Number: 145289-093-060-0001-015-000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 10496

MLS Schools

  • School District Name: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2023
Sold by
L Visone Development Llc
Bought by
Galbo Anthony T
Current Estimated Value
$462,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
7.23%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 31, 2019
Sold by
Visone Lucian D
Bought by
L Visone Development Llc

Purchase Details

Closed on
Apr 4, 2012
Sold by
Alden State Bank
Bought by
Visone Lucian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2011
Sold by
Stephan Harold G
Bought by
Alden State Bank
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 Buyer Sale Price Title Company
Galbo Anthony T $415,000 Stewart Title
Galbo Anthony T $415,000 Stewart Title
Galbo Anthony T $415,000 Stewart Title
L Visone Development Llc -- None Available
L Visone Development Llc -- None Available
L Visone Development Llc -- None Available
Visone Lucian D $135,000 None Available
Visone Lucian D $135,000 None Available
Alden State Bank $72,693 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galbo Anthony T $294,000
Previous Owner Visone Lucian D $101,250
Previous Owner Homes By Design Llc $153,000
Previous Owner Stephan Harold G $220,000
Previous Owner Stephan Harold G $88,000
Previous Owner Stephan Harold G $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $420,000 -4.4% $43 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $439,500 -- $45 / 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 -- $350,000 $185,000 $165,000
2023 $10,815 $350,000 $185,000 $165,000
2022 $10,497 $350,000 $185,000 $165,000
2021 $10,380 $350,000 $185,000 $165,000
2020 $8,455 $350,000 $185,000 $165,000
2019 $4,530 $107,000 $41,400 $65,600
2018 $4,885 $107,000 $41,400 $65,600
2017 $2,715 $107,000 $41,400 $65,600
2016 $4,596 $107,000 $41,400 $65,600
2015 -- $107,000 $41,400 $65,600
2014 -- $107,000 $41,400 $65,600
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1450400

Western New York Real Estate Information Services (WNYREIS)

APN: 145289-093-060-0001-015-000