NOT LISTED FOR SALE

Estimated Value: $204,000 - $237,519

5 Beds
4 Baths
2,955 Sq Ft
$74/Sq Ft Est. Value

Last Sold March 18, 2021

Last sale price $156,000 $53 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,193/month

68 Days on Market

Highlights

  • Wood Flooring
  • Woodwork
  • Patio
  • Balcony
  • Forced Air Cooling System
  • Ceiling Fan

About This Home

As of March 2021

Welcome to 547 E. Utica, a large multi-family income property located in the Kingsley Neighborhood, seconds away from multiple bus lines and the 33. This 3 story property boasts 3 units, with one on each level, 2 car garage and ample parking space for tenants. Recent investments into property include updated plumbing, electrical, flooring, furnace, and HVAC- virtually a full tear out and rebuild minus some finishing work. All materials are already present at site to complete work, and can be included in sale. This property's spacious units can easily retain a +10% cap rate for investors , and could also be an attractive and ideal owner-occupied investment. Schedule an appointment to view 547 E. Utica, and don't miss the opportunity to add this income property to your portfolio.

Last Agent to Sell the Property

Jonathan Phillips

Listing by No Office Affiliation License #10401340233 Listed on: 11/18/2020

Last Buyer's Agent

Jessica Walker

Listing by 716 Realty Group WNY LLC License #10401327109

716 Realty Group WNY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $806

Year Built

  • Built in 1900

Lot Details

  • 4,996 Sq Ft Lot
  • Lot Dimensions are 141 x 35
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,955 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 140200-100-510-0001-024-000

Community Details

Overview

  • 3 Units
  • Holland Land Company Community
  • Holland Land Company Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$806

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 30800
  • Gross Annual Income: 27600
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 141
  • Lot Dimension Front: 35
  • Lot Number: 24
  • Lot Shape: Rectangular
  • Nearest Cross Street: Jefferson
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1360069.75
  • Ratio Close Price By Sq Ft: 52.79
  • Ratio List Price By Acres: 1482127.29
  • Ratio List Price By Sq Ft: 57.53
  • Regional Board Code: Buffalo
  • Roof Description: Shingles
  • School Tax: 270
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4996
  • Age of Building: 122
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2955
  • Directions To Property: Take a right onto E. Utica St. from Humboldt and the 33.
  • Sq Ft Total Pub: 2955
  • Subdivision Comm Complex: Holland Land Company
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Ceiling Fan, Natural Woodwork - some, Pex Plumbing- Some
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some
  • Total Sq Ft: 2955

Exterior Features

  • Construction: Aluminum/Steel, Vinyl
  • Additional Exterior Features: Balcony, Cable TV Available, High Speed Internet, Patio
  • Number of Acres: 0.1147

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 140200-100-510-0001-024-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 806

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2020
Closed on
Mar 9, 2021
Sold by
Francis Yolande
Bought by
Williams Daniel
Seller's Agent
Jonathan Phillips
No Office Affiliation
Buyer's Agent
Jessica Walker
716 Realty Group WNY LLC
List Price
$198,000
Sold Price
$156,000
Premium/Discount to List
-$42,000
-21.21%
Current Estimated Value
$223,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,902
Avg. Annual Appreciation
7.27%

Purchase Details

Closed on
Jul 11, 2016
Sold by
Kislev Llc
Bought by
Gold River Ventures Llc

Purchase Details

Closed on
May 13, 2013
Sold by
Williams Katherine R and Williams Royal H
Bought by
M & M Dearot Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Williams Daniel $155,900 None Available
Gold River Ventures Llc $90,000 None Available
M & M Dearot Inc $230,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2021 03/18/21 Sold $156,000 -8.2% $53 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
12/03/2020 12/03/20 Price Changed $170,000 -14.1% $58 / Sq Ft
11/18/2020 11/18/20 For Sale $198,000 +120.0% $67 / Sq Ft
08/21/2019 08/21/19 Sold $90,000 -9.9% $30 / Sq Ft View Prior Sale
06/24/2019 06/24/19 Pending -- -- --
05/10/2019 05/10/19 Price Changed $99,900 -9.2% $34 / Sq Ft
04/12/2019 04/12/19 For Sale $110,000 -- $37 / 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 $241 $43,000 $5,500 $37,500
2023 $218 $43,000 $5,500 $37,500
2022 $229 $43,000 $5,500 $37,500
2021 $845 $45,500 $5,500 $40,000
2020 $845 $43,000 $3,000 $40,000
2019 $845 $30,800 $2,300 $28,500
2018 $183 $30,800 $2,300 $28,500
2017 $183 $30,800 $2,300 $28,500
2016 $183 $30,800 $2,300 $28,500
2015 -- $30,800 $2,300 $28,500
2014 -- $30,800 $2,300 $28,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1308017

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-100-510-0001-024-000