NOT LISTED FOR SALE

581 Potomac Ave Buffalo, NY 14222

Elmwood Bidwell Neighborhood

Estimated Value: $587,000 - $656,581

7 Beds
3 Baths
2,751 Sq Ft
$226/Sq Ft Est. Value

Last Sold January 14, 2020

Last sale price $390,000 $142 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,403/month

5 Days on Market

Highlights

  • Wood Flooring
  • Skylights
  • Baseboard Heating
  • Fenced Yard
  • Property is near a bus stop
  • 2-minute walk to Bidwell Parkway

About This Home

As of January 2020

Great 3 unit in the Elmwood Village with fantastic curb appeal! Brand new roof completed just last week. Porch completely torn down and rebuilt in 2017, and exterior repainted in 2016. New privacy fence with security gate to yard installed in 2018. Complete front landscaping in 2019. Property features 2 two bedroom and 1 three bedroom units. In unit laundry in two of the units, basement laundry for the remaining unit. Two hot water tanks replaced in 2018 and one just replaced this week. Most windows replaced within the last 5 years. Separate utilities for each unit! Perfectly located steps from Elmwood. Close to Canisius and Buffalo State Colleges.

Last Agent to Sell the Property

Daniel Podsiadlo

Listing by HUNT Real Estate Corporation License #10401298866 Listed on: 11/06/2019

HUNT Real Estate Corporation

Last Buyer's Agent

Joshua Assad

Listing by Keller Williams Realty WNY License #10301209770

Keller Williams Realty WNY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,275

Year Built

  • Built in 1902

Lot Details

  • 3,774 Sq Ft Lot
  • Lot Dimensions are 111 x 34
  • Fenced Yard
  • Sprinkler System

Parking

  • Driveway

Interior Spaces

  • 2,751 Sq Ft Home
  • 3-Story Property
  • Skylights
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Location

  • Property is near a bus stop

Utilities

  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Tax Lot 16
  • Assessor Parcel Number 140200-089-690-0004-016-000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,275

Year Built

Built in 1902

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 138000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 111
  • Lot Dimension Front: 34
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 16
  • Nearest Cross Street: Elmwood
  • Number of Stories: 3.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 4503464.20
  • Ratio Close Price By Sq Ft: 141.77
  • Ratio List Price By Acres: 4617782.91
  • Ratio List Price By Sq Ft: 145.37
  • Regional Board Code: Buffalo
  • Rent Includes: Water
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3774
  • Age of Building: 120
  • Year Built: 1902
  • Directions To Property: Elmwood to Potomac
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1902

Interior Features

  • Additional Interior Features: Skylight
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2751

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Fully Fenced Yard, Lawn Sprinkler System
  • Number of Acres: 0.0866

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 1 Space, Concrete

Utilities

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

Lot Info

  • Parcel Number: 140200-089-690-0004-016-000

Rental Info

  • Certificate of Occupancy: Negotiable

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 4275

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2020
Sold by
Mcduff Patrick
Bought by
Shaver Robert C and Fox Deana
Current Estimated Value
$621,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$279,023
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$342,122

Purchase Details

Listed on
Nov 6, 2019
Closed on
Jan 7, 2020
Sold by
Langenfeld Matthew W
Bought by
Mcduff Patrick
Seller's Agent
Daniel Podsiadlo
HUNT Real Estate Corporation
Buyer's Agent
Joshua Assad
Keller Williams Realty WNY
List Price
$399,900
Sold Price
$390,000
Premium/Discount to List
-$9,900
-2.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%

Purchase Details

Closed on
Jul 1, 2014
Sold by
Leone Donald J and Leone Lori
Bought by
Langenfeld Matthew W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,790
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1999
Sold by
Hud
Bought by
Leone Donald J and Leone Lori
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
Shaver Robert C $420,000 None Available
Mcduff Patrick $390,000 None Available
Langenfeld Matthew W $269,000 None Available
Leone Donald J $28,795 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaver Robert C $315,000
Previous Owner Langenfeld Matthew W $267,790
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2020 01/14/20 Sold $390,000 -2.5% $142 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
11/06/2019 11/06/19 For Sale $399,900 -- $145 / 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 $1,637 $292,000 $21,300 $270,700
2023 $1,479 $292,000 $21,300 $270,700
2022 $1,468 $292,000 $21,300 $270,700
2021 $1,468 $292,000 $21,300 $270,700
2020 $1,062 $292,000 $21,300 $270,700
2019 $3,786 $138,000 $10,300 $127,700
2018 $3,563 $138,000 $10,300 $127,700
2017 $821 $138,000 $10,300 $127,700
2016 $3,359 $138,000 $10,300 $127,700
2015 -- $138,000 $10,300 $127,700
2014 -- $138,000 $10,300 $127,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Daniel Podsiadlo

    Hunt Real Estate

    (716) 704-9730

    1 in this area

    35 Total Sales

    Daniel Podsiadlo
    Section Image
  • Joshua Assad

    Buyer's Agent in 2020

    Joshua Assad

    Keller Williams Realty WNY

    (716) 570-5401

    5 in this area

    121 Total Sales

    Joshua Assad
    Section Image
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Map

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

MLS Number: B1236922

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-089-690-0004-016-000

New York Erie County Buffalo 14222 Elmwood Bidwell

581 Potomac Ave, Buffalo, NY

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