NOT LISTED FOR SALE

Estimated Value: $444,419 - $542,000

5 Beds
2 Baths
2,880 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $437,500 $152 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,759/month

11 Days on Market

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • Woodwork
  • Full Attic
  • Fenced Yard
  • 2-minute walk to Bidwell Parkway

About This Home

As of January 2022

** LOCATION SAYS IT ALL ** 573 POTOMAC AVE IS LOCATED ONLY 4 HOMES FROM ELMWOOD AVE AND BIDWELL PKWY! FANTASTIC 2 FAMILY (1,440sq ft each) PROPERTY WITH RECENT EXTERIOR PAINT / WINDOWS / FRONT PORCH AND ROOF (2016). THE LOWER LEVEL, PREVIOUSLY A 3 BED UNIT, NOW A 2 BEDROOM, WITH A LARGE MASTER CLOSET/DRESSING ROOM. THIS UNIT COULD EASILY BE RETURNED TO THE ORIGINAL 3 BED FOR ADDITIONAL RENTAL INCOME IF DESIRED. THERE IS A RECENTLY RENOVATED KITCHEN AND FULL BATH ,HARDWOOD FLOORING, LARGE LIVING-DINING ROOM, FRONT PORCH, REAR PATIO, CENTRAL AC AND OFF STREET PARKING! THE UPPER UNIT OFFERS 3-4 BEDROOMS, FULL BATH, LARGE FRONT PORCH AND OFF STREET PARKING. LAUNDRY ON SITE, UPDATED ELECTRICAL, FURNACES AND ALL DUCTWORK PROFESSIONALLY CLEANED 10/2021. DON'T MISS OUT ON AN AMAZING OWNER OCCUPY OR INVESTMENT PROPERTY.

Last Agent to Sell the Property

Mike Hartke

Listing by Howard Hanna WNY Inc License #40HA1118942 Listed on: 10/18/2021

Howard Hanna WNY Inc

Last Buyer's Agent

Gabe Michael

Listing by No Office Affiliation License #10401298193

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,039

Year Built

  • Built in 1902

Lot Details

  • 5,032 Sq Ft Lot
  • Lot Dimensions are 148 x 34
  • Fenced Yard
  • Rectangular Lot

Parking

  • Driveway

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • 2 Fireplaces
  • Electric Fireplace
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Attic

  • Full Attic
  • Unfinished Attic

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes refuse removal, water
  • Tax Lot 14
  • Assessor Parcel Number 140200-089-690-0004-014-000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,039

Year Built

Built in 1902

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 217000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 148
  • Lot Dimension Front: 34
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 14
  • Lot Shape: Rectangular
  • Nearest Cross Street: ELMWOOD
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 3787878.79
  • Ratio Close Price By Sq Ft: 151.91
  • Ratio List Price By Acres: 3635497.84
  • Ratio List Price By Sq Ft: 145.80
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • Roof Description: Asphalt, Shingles
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5032
  • Age of Building: 120
  • Year Built: 1902
  • Above Grade Finished Sq Ft: 2880
  • Directions To Property: RICHMOND AVE TO POTOMAC. EAST ON POTOMAC TO 573 POTOMAC. POTOMAC IS A ONE WAY FROM RICHMOND AVE TO ELMWOOD AVE.
  • Sq Ft Total Pub: 2880
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1902

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Natural Woodwork - some
  • Attic Description: Full, Unfinished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Tile-Some
  • Number of Fireplaces Artificial: 2
  • Number of Fireplaces Total Calculated: 2
  • Total Sq Ft: 2880

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Fully Fenced Yard
  • Number of Acres: 0.1155

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Concrete

Utilities

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

Lot Info

  • Parcel Number: 140200-089-690-0004-014-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3039

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2006
Sold by
Osvath Joseph
Bought by
Harmon Lindsay C
Current Estimated Value
$507,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,465
Outstanding Balance
$108,494
Interest Rate
6.31%
Mortgage Type
FHA
Estimated Equity
$399,361

Purchase Details

Closed on
Dec 7, 2005
Sold by
Kelley Daniel and Kelley Natalie
Bought by
Osvath Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,910
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2004
Sold by
Charter One Bank Na
Bought by
Kelley Daniel and Kelley Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2004
Sold by
Scordato Joseph B
Bought by
Charter One Bank Na

Purchase Details

Closed on
Sep 5, 1996
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
Harmon Lindsay C $176,900 None Available
Osvath Joseph $169,900 None Available
Kelley Daniel $70,000 --
Charter One Bank Na $79,366 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harmon Lindsay C $181,465
Previous Owner Osvath Joseph $152,910
Previous Owner Kelley Daniel $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $437,500 +4.2% $152 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
10/18/2021 10/18/21 For Sale $419,900 0.0% $146 / Sq Ft
03/23/2018 03/23/18 Rented $1,350 -9.7% --
03/06/2018 03/06/18 Under Contract -- -- --
02/12/2018 02/12/18 Price Changed $1,495 -6.3% $1 / Sq Ft
01/19/2018 01/19/18 For Rent $1,595 -18.2% --
06/01/2017 06/01/17 Rented $1,950 0.0% --
04/23/2017 04/23/17 Under Contract -- -- --
04/14/2017 04/14/17 For Rent $1,950 +34.5% --
03/01/2016 03/01/16 Rented $1,450 -3.0% --
02/06/2016 02/06/16 Under Contract -- -- --
12/21/2015 12/21/15 For Rent $1,495 -99.0% --
11/21/2014 11/21/14 Rented $150,000 +9900.0% --
10/21/2014 10/21/14 Under Contract -- -- --
10/09/2014 10/09/14 For Rent $1,500 +7.1% --
02/28/2014 02/28/14 Rented $1,400 0.0% --
02/16/2014 02/16/14 Under Contract -- -- --
02/08/2014 02/08/14 For Rent $1,400 -- --
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 $1,216 $217,000 $24,000 $193,000
2023 $1,099 $217,000 $24,000 $193,000
2022 $1,091 $217,000 $24,000 $193,000
2021 $1,091 $217,000 $24,000 $193,000
2020 $1,316 $217,000 $24,000 $193,000
2019 $4,691 $171,000 $11,900 $159,100
2018 $4,415 $171,000 $11,900 $159,100
2017 $1,017 $171,000 $11,900 $159,100
2016 $3,846 $171,000 $11,900 $159,100
2015 -- $171,000 $11,900 $159,100
2014 -- $171,000 $11,900 $159,100
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1372086

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-690-0004-014-000