NOT LISTED FOR SALE

571 Potomac Ave Buffalo, NY 14222

Elmwood Bidwell Neighborhood

Estimated Value: $419,000 - $555,000

5 Beds
3 Baths
3,092 Sq Ft
$160/Sq Ft Est. Value

Sale Details

Date Sold: September 11, 2014

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

Est. 90% increase in value since last sale

Current estimated payment $2,777 / mo

149 Days on Market

Highlights

  • Wood Flooring
  • Skylights
  • Forced Air Heating System
  • 3 Fireplaces
  • Woodwork
  • 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 34x148
  • Partially Fenced Property
  • Rectangular Lot

Home Design

  • Triplex
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,092 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Skylights
  • 3 Fireplaces
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood

Flooring

  • Wood
  • Linoleum
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Gas
  • Vented Exhaust Fan
  • 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

  • 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

5,227 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1902
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: Potomac between Ashland and Elmwood, right near Bidwell Park.
  • Architectural Style: Triplex
  • Flooring: Hardwood, Laminate, Linoleum, Varies, Vinyl
  • Garage Yn: No
  • Interior Features: Skylights, Natural Woodwork
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Exhaust Fan, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Basement: Full
  • Basement YN: Yes
  • Fireplaces: 3
  • Stories: 3
  • Stories: 3

Exterior Features

  • Fencing: Partial
  • Acres: 0.12
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Siding
  • Exterior Features: Fence

Garage/Parking

  • Parking Features: No Garage, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air, Space Heater
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Buffalo
  • Ninth Grade High School: Other - See Remarks
  • Middle Or Junior School: Other - See Remarks

Lot Info

  • Parcel Number: 140200-089-690-0004-013-000
  • Lot Dimensions: 34X148
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 24720.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 3640.0

MLS Schools

  • Elementary School: Other - See Remarks

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2014
Closed on
Jul 30, 2014
Sold by
Bought by
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
$495,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,103
Avg. Annual Appreciation
5.61%
Original Mortgage
$255,290
Outstanding Balance
$187,891
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$307,212

Purchase Details

Closed on
Oct 31, 2006
Sold by
Bought by

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
Bought by

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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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$260,000 None Available
$165,000 Ticor Title Insurance Co
$102,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $255,290
Previous Owner $148,500
Previous Owner $80,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,300 $326,000 $45,000 $281,000
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

    3 in this area

    81 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

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