NOT LISTED FOR SALE

531 Potomac Ave Buffalo, NY 14222

Elmwood Bidwell Neighborhood

Estimated Value: $394,000 - $529,000

6 Beds
2 Baths
2,650 Sq Ft
$179/Sq Ft Est. Value

Last Sold May 22, 2018

Last sale price $315,000 $119 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,624/month

124 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • 3-minute walk to Bidwell Parkway
  • Balcony

About This Home

As of May 2018

Large 3/3 double, walking distance to Elmwood strip. Owners unit on second floor with rebuilt porch, new water heater, updated driveway, updated bathroom, great floorplan, NAT woodwork, exterior has storage shed and basement has glass block windows.

Last Agent to Sell the Property

Joseph Trifilo

Listing by HUNT Real Estate Corporation License #40TR0760579 Listed on: 12/07/2017

HUNT Real Estate Corporation

Last Buyer's Agent

Karen Mang

Listing by No Office Affiliation License #40MA1108870

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,691

Year Built

  • Built in 1902

Lot Details

  • 3,049

Home Design

  • Stone Foundation
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,650 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Unfinished Attic

Utilities

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

Additional Features

  • Balcony
  • Lot Dimensions are 99 x 27

Listing and Financial Details

  • Rent includes grounds maintenance, lawn maintenance, refuse removal
  • Assessor Parcel Number 1402000896900004001000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,691

Year Built

Built in 1902

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 176000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 99
  • Lot Dimension Front: 27
  • Lot Information: Neighborhood Street
  • Nearest Cross Street: Claremont
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 118.87
  • Ratio List Price By Sq Ft: 124.49
  • Regional Board Code: Buffalo
  • Rent Includes: Grounds Maintenance, Lawn Maintenance, Refuse Removal
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Age of Building: 120
  • Year Built: 1902
  • Directions To Property: Southeast corner of Potomac and Claremont.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1902

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some
  • Attic Description: Unfinished
  • Basement Description: Full
  • Floor Description: Hardwood-Some
  • Kitchen Appliances Included: Negotiable
  • Total Sq Ft: 2650

Exterior Features

  • Construction: Stucco
  • Additional Exterior Features: Balcony

Garage/Parking

  • Number of Electric Meters: 2
  • 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, Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 1402000896900004001000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 4691

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2018
Sold by
Hillery Thomas
Bought by
Hillery Thomas and Hillery Brian
Current Estimated Value
$474,699

Purchase Details

Listed on
Dec 7, 2017
Closed on
May 16, 2018
Sold by
Wert David R and Wert Carrie L
Bought by
Hillery Thomas
Seller's Agent
Joseph Trifilo
HUNT Real Estate Corporation
Buyer's Agent
Karen Mang
No Office Affiliation
List Price
$369,900
Sold Price
$315,000
Premium/Discount to List
-$54,900
-14.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.67%

Purchase Details

Closed on
Feb 26, 2009
Sold by
Barone Steven M
Bought by
Wert David R and Wert Carrie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,050
Interest Rate
5%
Mortgage Type
FHA
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
Hillery Thomas -- None Available
Hillery Thomas -- None Available
Hillery Thomas -- None Available
Hillery Thomas $315,000 None Available
Hillery Thomas $315,000 None Available
Hillery Thomas $315,000 None Available
Wert David R $176,000 None Available
Wert David R $176,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wert David R $175,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2018 05/22/18 Sold $315,000 -4.5% $119 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
03/16/2018 03/16/18 Price Changed $329,900 -7.0% $124 / Sq Ft
02/05/2018 02/05/18 Price Changed $354,900 -4.1% $134 / Sq Ft
12/07/2017 12/07/17 For Sale $369,900 -- $140 / 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 $1,665 $297,000 $19,000 $278,000
2023 $1,505 $297,000 $19,000 $278,000
2022 $1,493 $297,000 $19,000 $278,000
2021 $1,493 $297,000 $19,000 $278,000
2020 $1,355 $297,000 $19,000 $278,000
2019 $4,829 $176,000 $9,000 $167,000
2018 $4,544 $176,000 $9,000 $167,000
2017 $1,047 $176,000 $9,000 $167,000
2016 $4,284 $176,000 $9,000 $167,000
2015 -- $176,000 $9,000 $167,000
2014 -- $176,000 $9,000 $167,000
Source: Public Records

Agents Affiliated with this Home

  • Joseph Trifilo

    Seller's Agent in 2018

    Joseph Trifilo

    Hunt Real Estate

    (716) 553-3939

    6 in this area

    769 Total Sales

    Joseph Trifilo
    Section Image

  • K

    Buyer's Agent in 2018

    Karen Mang

    No Office Affiliation

    Section Image
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Map

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

MLS Number: B1090185

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-690-0004-001-000

New York Erie County Buffalo 14222 Elmwood Bidwell

531 Potomac Ave, Buffalo, NY

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