NOT LISTED FOR SALE

54 Gates Cir Buffalo, NY 14209

Elmwood Bidwell Neighborhood

Estimated Value: $867,993

-- Bed
-- Bath
6,128 Sq Ft
$142/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $600,000 $98 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,870/month

179 Days on Market

Highlights

  • Wood Flooring
  • Leaded Glass Windows
  • Forced Air Cooling System
  • 4 Fireplaces
  • Woodwork
  • Property is near a bus stop

About This Home

As of October 2020

Rare 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

Peggy Kirk

Listing by Gurney Becker & Bourne License #10401237536 Listed on: 12/13/2019

Co-Listed By

Paul Pazderski

Listing by Gurney Becker & Bourne License #40PA1030652

Last Buyer's Agent

Mike Maywalt

Listing by Maywalt Realty Group License #37MA1173652

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

Home Design

  • Mixed Use
  • 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 a bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,730

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 420000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 140
  • Lot Dimension Front: 87
  • Lot Information: Commercial Zoning, Near Bus Line, Neighborhood Street, Primary Road
  • Lot Number: 36
  • Lot Shape: Irregular
  • Nearest Cross Street: Lafayette & W Delavan
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 5000000.00
  • Ratio Close Price By Sq Ft: 97.91
  • Ratio List Price By Acres: 5658333.33
  • Ratio List Price By Sq Ft: 110.80
  • Regional Board Code: Buffalo
  • Rent Includes: Lawn Maintenance, No Utilities, Refuse Removal, Snow Removal, Water
  • Roof Description: Asphalt
  • School Tax: 2471
  • Sub Board Code: Buffalo
  • Type of Residence: 4 Unit, Mixed Use
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5227
  • Ad Copy: Rare investment opportunity to own in the historic Olmsted's Gates Circle area. Prime location, zoned commercial & is a mixed use building.
  • Ad Headline: Rare investmt opportuniy
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: Gates Circle (Delaware Ave) between Lafayette Ave and W Delavan Ave.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1910

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Leaded Glass - some, Natural Woodwork - some
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Tile-Some
  • Number of Fireplaces Artificial: 4
  • Number of Fireplaces Not Repto Code: 4
  • Number of Fireplaces Total Calculated: 4
  • Total Sq Ft: 6128

Exterior Features

  • Construction: Brick, Frame
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1200

Garage/Parking

  • Number of Electric Meters: 4
  • Parking Driveway: 2 or More Spaces, Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Baseboard, Forced Air, Hot Water
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Separate Utilities: Air Conditioning, Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-089-790-0003-036-000

Rental Info

  • Certificate of Occupancy: Negotiable

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 6730

MLS Schools

  • School District Name: Buffalo

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
$867,993

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
7.16%
Original Mortgage
$1,300,000
Outstanding Balance
$1,169,270
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$325,616

Purchase Details

Closed on
Aug 20, 2012
Sold by
Carlisi Jr. Roy Roy
Bought by
Carlisi Jr. Roy Roy
Source: Public Records

Range of Values:

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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
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 Change Sq Ft Price
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 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 $2,128 $420,000 $52,300 $367,700
2023 $2,128 $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

    Seller's Agent in 2020

    Peggy Kirk

    Gurney Becker & Bourne

    (716) 362-1845

    6 in this area

    70 Total Sales

    Peggy Kirk
    Section Image
  • Paul Pazderski

    Seller Co-Listing Agent in 2020

    Paul Pazderski

    Gurney Becker & Bourne

    (716) 863-8279

    5 in this area

    40 Total Sales

    Paul Pazderski
    Section Image

  • M

    Buyer's Agent in 2020

    Mike Maywalt

    Maywalt Realty Group

    (716) 863-1756

    6 in this area

    56 Total Sales

    Mike Maywalt
    Section Image
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Map

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

MLS Number: B1242355

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-790-0003-036-000

New York Erie County Buffalo 14209 Elmwood Bidwell

54 Gates Cir, Buffalo, NY

This home is located at 54 Gates Cir, Buffalo, NY 14209 since 13 December 2019 and is currently estimated at $867,993, approximately $141 per square foot. This property was built in 1910. 54 Gates Cir is a home located in Erie County with nearby schools including Nardin Academy, Catholic of Academy West Buffalo, and Canisius High.

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