Seller's Agent in 2024
Thejan Kodituwakku
Keller Williams Realty WNY
(716) 292-8756
7 in this area
119 Total Sales
58 Gresham Dr Buffalo, NY 14226
Eggertsville NeighborhoodEstimated Value: $251,735 - $294,000
5
Beds
2
Baths
1,504
Sq Ft
$181/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Main Floor Bedroom
- Forced Air Heating System
- Amherst Middle School Rated A
- Laundry Room
- Combination Dining and Living Room
About This Home
As of June 2024Presenting a lucrative investment opportunity in a highly sought-after area of Amherst, close to the University at Buffalo South Campus. This single-family house is currently set up as student accommodation, featuring five bedrooms and two full bathrooms, making it an ideal choice for investors looking to tap into the student rental market. The property boasts a spacious layout conducive to shared living, with large communal areas that ensure comfort for all occupants. Currently, the property has the potential to generate close to $3,000 per month in rental income, ensuring a robust return on investment from day one. The constant demand from students guarantees high occupancy rates, making this a worry-free investment. For those looking to enter the investment market, this property offers a fantastic opportunity with great positive cash flow. It is not just a house, but a steady income stream and a foothold in the thriving rental market near a major university. Don’t miss out on this exceptional opportunity to own a prime piece of real estate with significant income potential in Amherst.
Last Agent to Sell the Property
Listing by Keller Williams Realty WNY Brokerage Phone: 716-292-8756 License #10401342241 Listed on: 04/21/2024
Last Buyer's Agent
Listing by Keller Williams Realty WNY Brokerage Phone: 716-292-8756 License #10401342241 Listed on: 04/21/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,977
Year Built
- Built in 1948
Lot Details
- 7,125 Sq Ft Lot
- Lot Dimensions are 50x142
Home Design
- Brick Exterior Construction
- Poured Concrete
- Frame Construction
- Vinyl Siding
Interior Spaces
- 1,504 Sq Ft Home
- 2-Story Property
- Combination Dining and Living Room
Kitchen
- Gas Cooktop
- Microwave
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms | 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Washer
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- No Garage
- Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 142289-067-650-0003-020-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2024
Closed on
Jun 25, 2024
Sold by
Failla Michael and Failla Doris
Bought by
Tang Jianzhong
Seller's Agent
Thejan Kodituwakku
Keller Williams Realty WNY
Buyer's Agent
Thejan Kodituwakku
Keller Williams Realty WNY
List Price
$239,900
Sold Price
$240,000
Premium/Discount to List
$100
0.04%
Views
183
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,934
Avg. Annual Appreciation
8.51%
Purchase Details
Listed on
Jun 10, 2014
Closed on
Aug 5, 2014
Sold by
Burke Marilyn J
Bought by
Failla Michael and Failla Doris
Seller's Agent
James Eagan
No Office Affiliation
Buyer's Agent
Renee Hallam
No Office Affiliation
List Price
$108,000
Sold Price
$95,500
Premium/Discount to List
-$12,500
-11.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.80%
Original Mortgage
$71,625
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 30, 1997
Sold by
Tibollo Benjamin
Bought by
Burke Marilyn
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tang Jianzhong | $240,000 | Stewart Title | |
| Tang Jianzhong | $240,000 | Stewart Title | |
| Failla Michael | $95,500 | None Available | |
| Failla Michael | $95,500 | None Available | |
| Failla Michael | $95,500 | None Available | |
| Burke Marilyn | $77,000 | -- | |
| Burke Marilyn | $77,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Failla Michael | $71,625 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/25/2024 06/25/24 | Sold | $240,000 | 0.0% | $160 / Sq Ft | |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- | |
| 04/21/2024 04/21/24 | For Sale | $239,900 | +151.2% | $160 / Sq Ft | |
| 08/19/2014 08/19/14 | Sold | $95,500 | -11.6% | $63 / Sq Ft | View Prior Sale |
| 06/13/2014 06/13/14 | Pending | -- | -- | -- | |
| 06/10/2014 06/10/14 | For Sale | $108,000 | -- | $72 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
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 | $5,677 | $234,000 | $36,000 | $198,000 |
| 2023 | $4,941 | $120,000 | $26,000 | $94,000 |
| 2022 | $4,574 | $120,000 | $26,000 | $94,000 |
| 2021 | $4,570 | $120,000 | $26,000 | $94,000 |
| 2020 | $4,353 | $120,000 | $26,000 | $94,000 |
| 2019 | $4,300 | $120,000 | $26,000 | $94,000 |
| 2018 | $4,213 | $120,000 | $26,000 | $94,000 |
| 2017 | $1,789 | $120,000 | $26,000 | $94,000 |
| 2016 | $4,449 | $112,000 | $14,700 | $97,300 |
| 2015 | -- | $112,000 | $14,700 | $97,300 |
| 2014 | -- | $112,000 | $14,700 | $97,300 |
Source: Public Records
Agents Affiliated with this Home
-
Thejan Kodituwakku
-
J
Seller's Agent in 2014
James Eagan
No Office Affiliation
-
R
Buyer's Agent in 2014
Renee Hallam
No Office Affiliation
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1533074
APN: 142289-067-650-0003-020-000
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