NOT LISTED FOR SALE

541 Potomac Ave Buffalo, NY 14222

Elmwood Bidwell Neighborhood

Estimated Value: $436,000 - $539,000

6 Beds
2 Baths
2,934 Sq Ft
$165/Sq Ft Est. Value

Last Sold September 19, 2014

Last sale price $325,000 $111 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,667/month

5 Days on Market

Highlights

  • Wood Flooring
  • Woodwork
  • Property is near a bus stop
  • Full Attic
  • Forced Air Cooling System
  • 4-minute walk to Bidwell Parkway

About This Home

As of September 2014

Another Ambitious Makeover! Stately 2 family home which has been totally renovated within steps of the Elmwood strip. Both apartments have new kitchens & baths with new cabinets, granite counter tops, ceramic back splash, new plumbing & electrical fixtures & ceramic tile floors. New stainless steel appliances in both apartments. Beautiful refinished original hardwood floors & woodwork throughout. Coffered ceilings in both dining rooms. Brand new tear off roof, exterior paint, electrical service & landscaping. Parking for at least 3 cars. Could rent for $1,200 to $1,400 per unit. STAR $364.

Last Agent to Sell the Property

William Severyn

Listing by HUNT Real Estate Corporation License #30SE0970207 Listed on: 08/04/2014

HUNT Real Estate Corporation

Last Buyer's Agent

Joseph Trifilo

Listing by HUNT Real Estate Corporation License #40TR0760579

HUNT Real Estate Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,287

Year Built

  • Built in 1902

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 128 x 31
  • Rectangular Lot

Home Design

  • Stone Foundation
  • Partial Copper Plumbing
  • Cedar

Interior Spaces

  • 2,934 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Electric Fireplace
  • Basement Fills Entire Space Under The House
  • Full Attic

Kitchen

  • Free-Standing Range
  • Range Hood
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Flooring

  • Wood
  • Ceramic Tile

Parking

  • No Garage
  • Shared Driveway

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 140200-089-690-0004-004-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,287

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Age: 112
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 145000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 31
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Shape: Rectangular
  • L P Per Acre: 3332222.2200
  • List Price per Sq Ft: 102.2154
  • Nearest Cross Street: Elmwood
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 3611111.11
  • Ratio Close Price By Sq Ft: 110.77
  • Ratio List Price By Acres: 3332222.22
  • Ratio List Price By Sq Ft: 102.22
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1163
  • Sale Price List Price: 1.0836
  • S P Per Acre: 3611111.1100
  • S P Per Sq Ft: 110.7700
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 299900.00
  • Year Built Description: Existing
  • Age of Building: 120
  • Year Built: 1902
  • Directions To Property: West of Elmwood
  • 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, Natural Woodwork - some
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Freestanding, Range Hood-Exhaust Fan
  • Number of Fireplaces Artificial: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of Rooms: 12
  • Total Sq Ft: 2934

Exterior Features

  • Construction: Cedar, Wood
  • Additional Exterior Features: Cable TV Available, Wood Screens/Storms-some
  • Number of Acres: 0.0900

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Concrete, Shared

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Green Features

  • Energystar: Appliances

Lot Info

  • Parcel Number: 140200-089-690-0004-004-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3287

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2014
Closed on
Sep 18, 2014
Sold by
Ambitious Enterprises Inc
Bought by
Meeks Erin
Seller's Agent
William Severyn
HUNT Real Estate Corporation
Buyer's Agent
Joseph Trifilo
HUNT Real Estate Corporation
List Price
$299,900
Sold Price
$325,000
Premium/Discount to List
$25,100
8.37%
Current Estimated Value
$484,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,662
Avg. Annual Appreciation
3.66%
Original Mortgage
$276,250
Outstanding Balance
$211,253
Interest Rate
4.11%
Mortgage Type
New Conventional
Estimated Equity
$273,409

Purchase Details

Closed on
Apr 25, 2014
Sold by
Sidey Andrew P and Sidey Ellen P
Bought by
Ambitious Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.41%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Meeks Erin $325,000 None Available
Ambitious Enterprises Inc $155,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meeks Erin $276,250
Previous Owner Ambitious Enterprises Inc $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2014 09/19/14 Sold $325,000 +8.4% $111 / Sq Ft
08/09/2014 08/09/14 Pending -- -- --
08/04/2014 08/04/14 For Sale $299,900 -- $102 / 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 $1,564 $279,000 $20,000 $259,000
2023 $1,414 $279,000 $20,000 $259,000
2022 $1,403 $279,000 $20,000 $259,000
2021 $1,403 $279,000 $20,000 $259,000
2020 $1,116 $279,000 $20,000 $259,000
2019 $3,978 $145,000 $10,500 $134,500
2018 $3,743 $145,000 $10,500 $134,500
2017 $863 $145,000 $10,500 $134,500
2016 $3,529 $145,000 $10,500 $134,500
2015 -- $145,000 $10,500 $134,500
2014 -- $145,000 $10,500 $134,500
Source: Public Records

Agents Affiliated with this Home

  • William Severyn

    Seller's Agent in 2014

    William Severyn

    Hunt Real Estate

    (716) 818-0207

    63 Total Sales

    William Severyn
    Section Image
  • Joseph Trifilo

    Buyer's Agent in 2014

    Joseph Trifilo

    Hunt Real Estate

    (716) 553-3939

    6 in this area

    768 Total Sales

    Joseph Trifilo
    Section Image
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Map

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

MLS Number: B458140

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-690-0004-004-000

New York Erie County Buffalo 14222 Elmwood Bidwell

541 Potomac Ave, Buffalo, NY

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