NOT LISTED FOR SALE

571 Potomac Ave Buffalo, NY 14222

Elmwood Bidwell Neighborhood

Estimated Value: $472,000 - $579,000

5 Beds
3 Baths
3,092 Sq Ft
$175/Sq Ft Est. Value

Last Sold September 11, 2014

Last sale price $260,000 $84 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,927/month

149 Days on Market

Highlights

  • Wood Flooring
  • Skylights
  • Woodwork
  • 3 Fireplaces
  • Stained Glass
  • 3-minute walk to Bidwell Parkway

About This Home

As of September 2014

Prime, Elmwood Village 3 Unit on Potomac, near Bidwell Pk. Apts have old-world charm w/hdwd flrs, original French doors, original pocket doors, some original kitchen cabinets, & decorative fplc's. Improvements include; 1st & 2nd flr bathrooms & kitchens updated, many new windows, refinished hardwood flrs throughout. 3rd flr apt. has new flr w/open flr plan, all appliances stay, glass block windows in bsmt & more. Seller just updated entire electrical service, exterior vinyl sided for low maintenance, fenced in backyard & parking for 2 cars. Live in Elmwood & let your tenants pay your mortgage!

Last Agent to Sell the Property

Lauren Kostek

Listing by No Office Affiliation License #10301201271 Listed on: 02/19/2014

Last Buyer's Agent

Len Sciolino

Listing by Real Broker NY LLC License #10301201318

Real Broker NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,640

Year Built

  • Built in 1902

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 148 x 34
  • Partially Fenced Property
  • Rectangular Lot

Parking

  • No Garage

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 3,092 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Skylights
  • 3 Fireplaces
  • Electric Fireplace
  • Stained Glass
  • Basement Fills Entire Space Under The House
  • Range Hood

Flooring

  • Wood
  • Linoleum
  • Laminate

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 140200-089-690-0004-013-000

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gross Income $24,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,640

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Age: 112
  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 143000
  • Gross Annual Income: 24720
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 148
  • Lot Dimension Front: 34
  • Lot Information: Neighborhood Street
  • Lot Shape: Rectangular
  • L P Per Acre: 2082500.0000
  • List Price per Sq Ft: 80.8214
  • Nearest Cross Street: Elmwood
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 2166666.67
  • Ratio Close Price By Sq Ft: 84.09
  • Ratio List Price By Acres: 2082500.00
  • Ratio List Price By Sq Ft: 80.82
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: Water
  • School Tax: 1289
  • Sale Price List Price: 1.0404
  • S P Per Acre: 2166666.6700
  • S P Per Sq Ft: 84.0900
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 249900.00
  • Year Built Description: Existing
  • Age of Building: 120
  • Year Built: 1902
  • Directions To Property: Potomac between Ashland and Elmwood, right near Bidwell Park.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1902

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Natural Woodwork - some, Skylight, Stained Glass - Some
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Linoleum/Vinyl
  • Kitchen Appliances Included: Oven/Range Gas-Some, Range Hood-Exhaust Fan
  • Number of Fireplaces Artificial: 3
  • Number of Fireplaces Not Repto Code: 3
  • Number of Fireplaces Total Calculated: 3
  • Number of Rooms: 15
  • Total Sq Ft: 3092

Exterior Features

  • Construction: Vinyl, Wood
  • Additional Exterior Features: Cable TV Available, Partially Fenced Yard
  • Number of Acres: 0.1200

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 4
  • Parking Driveway: 2 or More Spaces

Utilities

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

Lot Info

  • Parcel Number: 140200-089-690-0004-013-000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 3640

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2014
Closed on
Jul 30, 2014
Sold by
Carroll Bogusia
Bought by
Janowski Scott T and Michalek Rachel
Seller's Agent
Lauren Kostek
No Office Affiliation
Buyer's Agent
Len Sciolino
Real Broker NY LLC
List Price
$299,900
Sold Price
$260,000
Premium/Discount to List
-$39,900
-13.3%
Current Estimated Value
$539,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,651
Avg. Annual Appreciation
6.66%
Original Mortgage
$255,290
Outstanding Balance
$192,005
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$347,646

Purchase Details

Closed on
Oct 31, 2006
Sold by
Aniskiewicz Tamara
Bought by
Carroll Bogusia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2004
Sold by
Murek Walter P and Petrella Ann Marie
Bought by
Aniskiewicz Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.63%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Janowski Scott T $260,000 None Available
Carroll Bogusia $165,000 Ticor Title Insurance Co
Aniskiewicz Tamara $102,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Janowski Scott T $255,290
Previous Owner Carroll Bogusia $148,500
Previous Owner Aniskiewicz Tamara $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2014 09/11/14 Sold $260,000 -13.3% $84 / Sq Ft
07/18/2014 07/18/14 Pending -- -- --
02/19/2014 02/19/14 For Sale $299,900 -- $97 / 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 $1,300 $232,000 $24,000 $208,000
2023 $1,175 $232,000 $24,000 $208,000
2022 $1,167 $232,000 $24,000 $208,000
2021 $1,167 $232,000 $24,000 $208,000
2020 $1,101 $232,000 $24,000 $208,000
2019 $3,923 $143,000 $11,900 $131,100
2018 $3,692 $143,000 $11,900 $131,100
2017 $851 $143,000 $11,900 $131,100
2016 $3,164 $143,000 $11,900 $131,100
2015 -- $143,000 $11,900 $131,100
2014 -- $143,000 $11,900 $131,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lauren Kostek

    No Office Affiliation

  • L

    Buyer's Agent in 2014

    Len Sciolino

    Real Broker NY LLC

    (716) 308-2182

    4 in this area

    86 Total Sales

    Len Sciolino
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Map

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

MLS Number: B445974

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-690-0004-013-000

New York Erie County Buffalo 14222 Elmwood Bidwell

571 Potomac Ave, Buffalo, NY

Not Listed for Sale

MultiFamily

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