Chelsea Root
Howard Hanna WNY Inc.
(716) 869-9380
36 Total Sales
1 in Wales
$302,500 Price
6460 Olean Rd South Wales, NY 14139
Wales AreaEstimated Value: $308,000 - $447,000
6
Beds
3
Baths
2,865
Sq Ft
$133/Sq Ft
Est. Value
Highlights
- Wooded Lot
- Ceiling Fan
- Heating System Uses Steam
- Forced Air Heating System
- Hot Water Heating System
- Wood Siding
About This Home
As of November 2021GREAT OPPORTUNITY for first time and experienced buyers/investors alike. Two multiple unit properties on two spacious lots with ample parking in South Wales combined for 7 unit rental investment. Nice money maker. @ CAP Rate 12.5%. Owner retiring to warmer climate. Several units have been updated in past 5 yrs. Carpets cleaned per agreement every two years by tenants. No pets allowed. No smoking allowed. Relatively clean and well maintained units. Location is ideal at end of Rt 400 and have had little issues getting qualified renters during turnover. Reasonable South Wales taxes and strong rents = PROFITS. Showings will take place on Sundays ONLY between 12-3PM by appointment only. Please schedule now. Offers reviewed as they come in.
Last Agent to Sell the Property
Listing by Trank Real Estate License #10401247503 Listed on: 07/07/2021
Last Buyer's Agent
Listing by Trank Real Estate License #10401247503 Listed on: 07/07/2021
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,850
Year Built
- Built in 1900
Lot Details
- 1.42 Acre Lot
- Lot Dimensions are 99x231
- Wooded Lot
Home Design
- Triplex
- Stone Foundation
- Wood Siding
- Siding
Interior Spaces
- 2,865 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Parking
- Common or Shared Parking
- Gravel Driveway
Utilities
- Forced Air Heating System
- Space Heater
- Heating System Uses Gas
- Wall Furnace
- Hot Water Heating System
- Heating System Uses Steam
- Well
- Gas Water Heater
- Septic Tank
Listing and Financial Details
- Rent includes common area maintenance, gardener, snow removal, trash collection, water
- Tax Lot 18
- Assessor Parcel Number 146600-201-160-0001-018-000
Community Details
Overview
- 3 Units
Building Details
- 7 Separate Gas Meters
- Operating Expense $3,000
- Gross Income $52,500
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
Jul 7, 2021
Closed on
Oct 4, 2021
Sold by
Spink Properties Llc
Bought by
Seller's Agent
Daniel Myers
Trank Real Estate
Buyer's Agent
Daniel Myers
Trank Real Estate
List Price
$320,000
Sold Price
$375,000
Premium/Discount to List
$55,000
17.19%
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
$6,333
Avg. Annual Appreciation
0.35%
Original Mortgage
$684,000
Interest Rate
3.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 29, 2012
Sold by
Nuwer Kenneth
Bought by
Spink Properties Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Wales, NY
-
Chelsea Root
-
Jerry Thompson
Jerry Thompson
Century 21 North East
(716) 687-0473
338 Total Sales
8 in Wales
$131K - $628K Price Range
-
David Serota
David Serota
Serota Real Estate LLC
(716) 671-3079
175 Total Sales
2 in Wales
$255,000 Price Range
-
Danielle Buchbinder
Danielle Buchbinder
Keller Williams Realty WNY
(716) 473-1819
87 Total Sales
2 in Wales
$215,000 Price Range
-
Kristine Ward
Kristine Ward
WNY Metro Roberts Realty
(716) 671-3703
66 Total Sales
2 in Wales
$460,000 Price Range
-
Michael Boland
Michael Boland
Howard Hanna WNY Inc.
(716) 589-4968
138 Total Sales
2 in Wales
$375,000 Price Range
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 |
|---|---|---|---|
| $187,500 | Stewart Title | ||
| Spink Properties Llc | $99,500 | -- |
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 |
|---|---|---|---|
| Previous Owner | $684,000 |
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 |
|---|---|---|---|---|
| 11/24/2021 11/24/21 | Sold | $375,000 | +17.2% | $131 / Sq Ft |
| 07/19/2021 07/19/21 | Pending | -- | -- | -- |
| 07/07/2021 07/07/21 | For Sale | $320,000 | -- | $112 / 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 | $2,040 | $58,500 | $7,500 | $51,000 |
| 2024 | $2,040 | $58,500 | $7,500 | $51,000 |
| 2023 | $2,113 | $58,500 | $7,500 | $51,000 |
| 2022 | $3,616 | $58,500 | $7,500 | $51,000 |
| 2021 | $3,595 | $58,500 | $7,500 | $51,000 |
| 2020 | $3,442 | $58,500 | $7,500 | $51,000 |
| 2019 | $3,496 | $58,500 | $7,500 | $51,000 |
| 2018 | $3,465 | $58,500 | $7,500 | $51,000 |
| 2017 | $1,883 | $58,500 | $7,500 | $51,000 |
| 2016 | $3,535 | $58,500 | $7,500 | $51,000 |
| 2015 | -- | $58,500 | $7,500 | $51,000 |
| 2014 | -- | $58,500 | $7,500 | $51,000 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Myers
Seller's Agent in 2021
Daniel Myers
Trank Real Estate
(716) 846-1000
47 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1348599
APN: 146600-201-160-0001-018-000
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