Seller's Agent in 2020
Peggy Kirk
Gurney Becker & Bourne
(716) 655-1300
4 in this area
63 Total Sales
54 Gates Cir Buffalo, NY 14209
Elmwood Bidwell NeighborhoodEstimated Value: $898,518
Studio
--
Bath
6,128
Sq Ft
$147/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Leaded Glass Windows
- Forced Air Cooling System
- 4 Fireplaces
- Woodwork
- Property is near bus stop
About This Home
As of October 2020Rare investment opportunity to own in the historic Olmsted's Gates Circle area. Prime location, zoned commercial & is a mixed use building. 1st fl is a perfect location for a law office, medical/dental office, accounting office, retail space, etc., offering great exposure & ample parking. 2nd fl has a 3 bed apartment, 3rd fl has a 2 bed & a studio apartments. This property has great charm: Beautifully hrdwd floor & wdwrk, lead/stained glass, pocket & French doors, library, porches & decorative fireplaces. Some updated mechanics. Off street parking for 8 cars. With 3 apartments in the building what better way for a business owner to have the tenants pay your mortgage. This highly desirable neighborhood is an incredible opportunity for any business owner or investor! Also listed as Commerical MLS#: B1233558
Last Agent to Sell the Property
Listing by Gurney Becker & Bourne License #10401237536 Listed on: 12/13/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,730
Year Built
- Built in 1910
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 140 x 87
- Irregular Lot
Parking
- Driveway
Home Design
- Mixed Use
- Brick Exterior Construction
- Stone Foundation
- Frame Construction
- Asphalt Roof
- Partial Copper Plumbing
Interior Spaces
- 6,128 Sq Ft Home
- 3-Story Property
- Woodwork
- 4 Fireplaces
- Electric Fireplace
- Leaded Glass Windows
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Location
- Property is near bus stop
Utilities
- Forced Air Cooling System
- Multiple Heating Units
- Heating System Uses Gas
- Baseboard Heating
- Hot Water Heating System
- Gas Available
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Rent includes lawn maintenance, no utilities, refuse removal, snow removal, water
- Tax Lot 36
- Assessor Parcel Number 140200-089-790-0003-036-000
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 10, 2023
Sold by
40 Gates Llc
Bought by
50 Gates Llc
Current Estimated Value
Purchase Details
Listed on
Dec 13, 2019
Closed on
Oct 1, 2020
Sold by
Carlisi Roy and Carlisi Gloria
Bought by
Maywalt Michael F and Bargnesi James F
Seller's Agent
Peggy Kirk
Gurney Becker & Bourne
Buyer's Agent
Mike Maywalt
Maywalt Realty Group
List Price
$679,000
Sold Price
$600,000
Premium/Discount to List
-$79,000
-11.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$1,300,000
Outstanding Balance
$1,156,281
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$257,763
Purchase Details
Closed on
Aug 20, 2012
Sold by
Carlisi Jr. Roy Roy
Bought by
Carlisi Jr. Roy Roy
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 50 Gates Llc | -- | None Available | |
| Maywalt Michael F | $600,000 | None Available | |
| Carlisi Jr. Roy Roy | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Maywalt Michael F | $1,300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/05/2020 10/05/20 | Sold | $600,000 | -11.6% | $98 / Sq Ft |
| 06/09/2020 06/09/20 | Pending | -- | -- | -- |
| 05/29/2020 05/29/20 | For Sale | $679,000 | +13.2% | $111 / Sq Ft |
| 04/17/2020 04/17/20 | Off Market | $600,000 | -- | -- |
| 12/13/2019 12/13/19 | For Sale | $679,000 | 0.0% | $111 / Sq Ft |
| 04/26/2018 04/26/18 | Rented | $800 | 0.0% | -- |
| 04/13/2018 04/13/18 | Under Contract | -- | -- | -- |
| 01/26/2018 01/26/18 | For Rent | $800 | -- | -- |
Source: Western New York Real Estate Information Services (WNYREIS)
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 | $2,354 | $420,000 | $52,300 | $367,700 |
| 2023 | $2,183 | $420,000 | $52,300 | $367,700 |
| 2022 | $2,112 | $420,000 | $52,300 | $367,700 |
| 2021 | $2,112 | $420,000 | $52,300 | $367,700 |
| 2020 | $1,347 | $420,000 | $52,300 | $367,700 |
| 2019 | $6,730 | $175,000 | $34,300 | $140,700 |
| 2018 | $6,221 | $175,000 | $34,300 | $140,700 |
| 2017 | $6,057 | $175,000 | $34,300 | $140,700 |
| 2015 | -- | $175,000 | $34,300 | $140,700 |
| 2014 | -- | $175,000 | $34,300 | $140,700 |
Source: Public Records
Agents Affiliated with this Home
-
Peggy Kirk
-
Paul Pazderski
Seller Co-Listing Agent in 2020
Paul Pazderski
Gurney Becker & Bourne
(716) 863-8279
3 in this area
36 Total Sales
-
Mike Maywalt
M
Buyer's Agent in 2020
Mike Maywalt
Maywalt Realty Group
(716) 863-1756
5 in this area
54 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1242355
APN: 140200-089-790-0003-036-000
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