NOT LISTED FOR SALE

54 Magnolia St Buffalo, NY 14218

Estimated Value: $239,000 - $321,000

5 Beds
2 Baths
2,282 Sq Ft
$116/Sq Ft Est. Value

Last Sold September 08, 2020

Last sale price $176,000 $77 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,660/month

12 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Partially Fenced Property

About This Home

As of September 2020

Solid two-family home conveniently located close to the thruway! Live in one unit and let your tenants pay most of your mortgage or rent both units for ~1700/month in gross income. Downstairs boasts an oversized, open floorplan, and refinished hardwood flooring throughout. All three bedrooms have nice-size closets, and replacement windows are throughout the entire home. Upstairs has new flooring throughout, an oversized master bedroom, and second bedroom with 2 closets! Updated appliances in both units, tear off architectural roof (’14), two newer hot water tanks, updated electrical, new exterior doors, glass block windows, 2.5 car garage, and more! Purchase today and enjoy the summer in your courtyard-like backyard.

Last Agent to Sell the Property

Dana David

Listing by Howard Hanna WNY Inc. License #10401211343 Listed on: 07/07/2020

Howard Hanna WNY Inc.

Last Buyer's Agent

Joel HusVar

Listing by eXp Realty License #10301222768

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,176

Year Built

  • Built in 1930

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 120 x 45
  • Partially Fenced Property
  • Corner Lot
  • Rectangular Lot

Parking

  • 2.5 Car Garage

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 2,282 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes refuse removal, water
  • Tax Lot 34
  • Assessor Parcel Number 140900-142-070-0004-034-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,176

Year Built

Built in 1930

Lot Details

0

Listing Details

  • NY Swis Code: Lackawanna-City-140900
  • Total Assessed Value: 98000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 120
  • Lot Dimension Front: 45
  • Lot Information: Corner Lot, Neighborhood Street
  • Lot Number: 34
  • Lot Shape: Rectangular
  • Nearest Cross Street: Orleans
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1419354.84
  • Ratio Close Price By Sq Ft: 77.13
  • Ratio List Price By Acres: 1451612.90
  • Ratio List Price By Sq Ft: 78.88
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • Roof Description: Asphalt
  • School Tax: 1447
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Duplex
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5400
  • Age of Building: 92
  • Year Built: 1930
  • Directions To Property: Abbott to Magnolia
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Tile-Some, Vinyl-Some
  • Total Sq Ft: 2282

Exterior Features

  • Construction: Brick, Vinyl
  • Additional Exterior Features: Partially Fenced Yard
  • Number of Acres: 0.1240

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.5000
  • Parking Driveway: 2 or More Spaces, Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Lackawanna

Lot Info

  • Parcel Number: 140900-142-070-0004-034-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 5176

MLS Schools

  • School District Name: Lackawanna

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Sep 1, 2020
Sold by
Shareno Aaron
Bought by
Holmes Janice L
Seller's Agent
Dana David
Howard Hanna WNY Inc.
Buyer's Agent
Joel HusVar
eXp Realty
List Price
$180,000
Sold Price
$176,000
Premium/Discount to List
-$4,000
-2.22%
Current Estimated Value
$265,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,179
Avg. Annual Appreciation
9.13%
Original Mortgage
$5,280
Outstanding Balance
$4,731
Interest Rate
2.8%
Mortgage Type
Second Mortgage Made To Cover Down Payment
Estimated Equity
$266,509

Purchase Details

Listed on
Nov 3, 2014
Closed on
Oct 6, 2015
Sold by
Wirth Jenel and Cohan Kathleen
Bought by
Shareno Aaron M
Seller's Agent
Julie Erler
WNY Metro Roberts Realty
Buyer's Agent
Dana David
Howard Hanna WNY Inc.
List Price
$129,900
Sold Price
$112,000
Premium/Discount to List
-$17,900
-13.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.70%
Original Mortgage
$109,971
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2004
Sold by
Weimer Michael T and Weimer Shannan M
Bought by
Cohan Jenel and Cohan Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,722
Interest Rate
7%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 25, 2002
Sold by
Weimer Michael T
Bought by
Weimer Michael T and Weimer Shannan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.07%

Purchase Details

Closed on
Feb 17, 1999
Sold by
Pitak Robert J and Pitak Diane M
Bought by
Short Cheryl K
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
Holmes Janice L $176,000 None Available
Shareno Aaron M $112,000 None Available
Cohan Jenel $98,580 --
Weimer Michael T -- --
Short Cheryl K $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmes Janice L $5,280
Open Holmes Janice L $170,720
Previous Owner Shareno Aaron M $109,971
Previous Owner Cohan Jenel $88,722
Previous Owner Weimer Michael T $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2020 09/08/20 Sold $176,000 -2.2% $77 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $180,000 +60.7% $79 / Sq Ft
10/22/2015 10/22/15 Sold $112,000 -13.8% $49 / Sq Ft
07/30/2015 07/30/15 Pending -- -- --
11/03/2014 11/03/14 For Sale $129,900 -- $57 / 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 -- $146,000 $9,900 $136,100
2023 $3,041 $146,000 $9,900 $136,100
2022 $3,083 $146,000 $9,900 $136,100
2021 $4,146 $146,000 $9,900 $136,100
2020 $941 $146,000 $9,900 $136,100
2019 $3,469 $98,000 $7,200 $90,800
2018 $2,185 $98,000 $7,200 $90,800
2017 $1,155 $98,000 $7,200 $90,800
2016 $2,119 $98,000 $7,200 $90,800
2015 -- $98,000 $7,200 $90,800
2014 -- $98,000 $7,200 $90,800
Source: Public Records

Agents Affiliated with this Home

  • Dana David

    Seller's Agent in 2020

    Dana David

    Howard Hanna

    (716) 698-9644

    3 in this area

    205 Total Sales

    Dana David
    Section Image
  • Joel HusVar

    Buyer's Agent in 2020

    Joel HusVar

    eXp Realty

    (716) 380-5811

    2 in this area

    69 Total Sales

    Joel HusVar
    Section Image
  • Julie Erler

    Seller's Agent in 2015

    Julie Erler

    WNY Metro Roberts Realty

    (716) 713-1712

    2 in this area

    89 Total Sales

    Julie Erler
    Section Image
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Map

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

MLS Number: B1277063

Western New York Real Estate Information Services (WNYREIS)

APN: 140900-142-070-0004-034-000

New York Erie County Buffalo 14218

54 Magnolia St, Buffalo, NY

This home is located at 54 Magnolia St, Buffalo, NY 14218 since 07 July 2020 and is currently estimated at $265,179, approximately $116 per square foot. This property was built in 1930. 54 Magnolia St is a home located in Erie County with nearby schools including Truman Elementary School, Martin Road Elementary School, and Lackawanna Middle School.

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