NOT LISTED FOR SALE

55 Spring St Lackawanna, NY 14218

Estimated Value: $137,000 - $202,041

4 Beds
2 Baths
1,771 Sq Ft
$97/Sq Ft Est. Value

Last Sold October 28, 2014

Last sale price $105,900 $60 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,108/month

7 Days on Market

Highlights

  • Wood Flooring
  • Cul-De-Sac
  • Forced Air Cooling System

About This Home

As of October 2014

This is truly a Gem of a property. Everything has been done to upgrade this home converted to a double. Live FREE in the lower unit with $600/month income from upper like new apartment with IN UNIT laundry. Private dry basement with finished office/rec room, half bath, work out area and much storage. Central Air in lower, NEW furnace and HWT 2014! NEW WINDOWS EVERYWHERE! At the end of a beautiful dead end street. Wrapped in white vinyl for low maintenance. LOW TAXES. You won't be disappointed when you see this one. Call now for an appointment!

Last Agent to Sell the Property

Wally Grieser

Listing by Realty WG License #10491207454 Listed on: 07/09/2014

Last Buyer's Agent

Wendy Kester

Listing by Howard Hanna WNY Inc. License #40KE1053403

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,380

Year Built

  • Built in 1907

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 105 x 40
  • Cul-De-Sac

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,771 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum
  • Ceramic Tile

Parking

  • 2 Car Garage
  • Driveway

Utilities

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

Listing and Financial Details

  • Rent includes lawn maintenance, refuse removal, water
  • Assessor Parcel Number 140900-142-780-0001-007-0

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,380

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Age: 107
  • NY Swis Code: Lackawanna-City-140900
  • Total Assessed Value: 60400
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 105
  • Lot Dimension Front: 40
  • Lot Information: Cul De Sac, Neighborhood Street
  • L P Per Acre: 1036307.0500
  • List Price per Sq Ft: 56.4088
  • Nearest Cross Street: Roland
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1059000.00
  • Ratio Close Price By Sq Ft: 59.80
  • Ratio List Price By Acres: 999000.00
  • Ratio List Price By Sq Ft: 56.41
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: Lawn Maintenance, Refuse Removal, Water
  • School Tax: 751
  • Sale Price List Price: 1.0600
  • S P Per Acre: 1059000.0000
  • S P Per Sq Ft: 59.8000
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 99900.00
  • Year Built Description: Existing
  • Age of Building: 115
  • Year Built: 1907
  • Directions To Property: South Park to Roland West past Electric
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1907

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full, Partially Finished
  • Floor Description: Ceramic-Some, Hardwood-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Gas-Some, Range Hood-Exhaust Fan
  • Number of Rooms: 9
  • Total Sq Ft: 1771

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1000

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: Concrete

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air
  • 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: 140900-142-780-0001-007-0

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2380

MLS Schools

  • School District Name: Lackawanna

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2014
Closed on
Sep 30, 2014
Sold by
Faragiano Rosalie
Bought by
Schmelzinger Angelia
Seller's Agent
Wally Grieser
Realty WG
Buyer's Agent
Wendy Kester
Howard Hanna WNY Inc.
List Price
$99,900
Sold Price
$105,900
Premium/Discount to List
$6,000
6.01%
Current Estimated Value
$171,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,110
Avg. Annual Appreciation
5.07%
Original Mortgage
$103,981
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 1999
Sold by
Adelmann Mark and Adelmann Sandra
Bought by
Faragiano Rosalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,978
Interest Rate
7.19%
Mortgage Type
FHA
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
Schmelzinger Angelia $105,900 None Available
Faragiano Rosalie $78,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carrig Angelia R $116,200
Closed Schmelzinger Angelia $103,981
Previous Owner Faragiano Rosalie $76,978
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2014 10/28/14 Sold $105,900 +6.0% $60 / Sq Ft
07/16/2014 07/16/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $99,900 -- $56 / 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 -- $106,000 $7,100 $98,900
2023 $2,114 $106,000 $7,100 $98,900
2022 $2,210 $106,000 $7,100 $98,900
2021 $2,233 $106,000 $7,100 $98,900
2020 $904 $106,000 $7,100 $98,900
2019 $3,122 $60,400 $4,500 $55,900
2018 $1,656 $60,400 $4,500 $55,900
2017 $831 $60,400 $4,500 $55,900
2016 $1,627 $60,400 $4,500 $55,900
2015 -- $60,400 $4,500 $55,900
2014 -- $60,400 $4,500 $55,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B456296

Western New York Real Estate Information Services (WNYREIS)

APN: 140900-142-780-0001-007-000