NOT LISTED FOR SALE

68 Verel Ave Buffalo, NY 14218

Estimated Value: $143,000 - $196,000

5 Beds
2 Baths
2,060 Sq Ft
$82/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $50,000 $24 Per Sq Ft

Est. 236% increase in value since last sale

Current estimated payment $1,057/month

87 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Forced Air Cooling System
  • Private Yard
  • Woodwork
  • Property is near a bus stop

About This Home

As of December 2017

Nice 2/3 double on quiet dead end street. Roof approx. 5 years. Furnaces approx. 3 years. New electric service 2015. Separate building lot included....Has separate SBL #140900-142-710-0002-22-0. Lot size 40x115. Flood insurance required. Rents $500 each apartment...could be higher. Good investment property! Tax info includes both house and extra lot. 24 hour notice for showings.

Last Agent to Sell the Property

Jane George

Listing by No Office Affiliation License #30GE0416124 Listed on: 08/01/2017

Last Buyer's Agent

Fahmi Harhara

Listing by Howard Hanna WNY Inc. License #10401299466

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 4,614 Sq Ft Lot
  • Lot Dimensions are 115 x 40
  • Private Yard

Home Design

  • Block Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 2,060 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Thermal Windows
  • Range Hood

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • Driveway
  • On-Street Parking

Location

  • Flood Zone Lot
  • Property is near a bus stop

Schools

  • Lackawanna High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Rent includes refuse removal, water
  • Tax Lot 23
  • Assessor Parcel Number 140900-142-710-0002-023-000

Community Details

Overview

  • 2 Units
  • Buffalo Crk Reservation Community
  • Buffalo Crk Reservation Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • NY Swis Code: Lackawanna-City-140900
  • Total Assessed Value: 63000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 115
  • Lot Dimension Front: 40
  • Lot Information: Flood Zone, Near Bus Line, Neighborhood Street, Secondary Road
  • Lot Number: 23
  • Nearest Cross Street: South Park
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 472143.53
  • Ratio Close Price By Sq Ft: 24.27
  • Ratio List Price By Acres: 565627.95
  • Ratio List Price By Sq Ft: 29.08
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • School Tax: 989
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4614
  • Age of Building: 110
  • Year Built: 1912
  • Directions To Property: South Park to Verel
  • Subdivision Comm Complex: Buffalo Crk Reservation
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1912

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Laundry-Common, Natural Woodwork - some, Sump Pump
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Tile-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Range Hood-Exhaust Fan
  • Total Sq Ft: 2060

Exterior Features

  • Construction: Aluminum/Steel, Concrete Block
  • Additional Exterior Features: Cable TV Available, High Speed Internet, Private Yard - see Remarks, Satellite Dish, Thermal Windows - Some, Wood Screens/Storms-some
  • Number of Acres: 0.1059

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Hot Water
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Lackawanna
  • High School: Lackawanna High

Lot Info

  • Parcel Number: 140900-142-710-0002-023-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3770

MLS Schools

  • High School Name: Lackawanna High
  • School District Name: Lackawanna

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2017
Closed on
Dec 18, 2017
Sold by
Lutz Roberet A
Bought by
Alawdi Nabil
Seller's Agent
Jane George
No Office Affiliation
Buyer's Agent
Fahmi Harhara
Howard Hanna WNY Inc.
List Price
$74,500
Sold Price
$50,000
Premium/Discount to List
-$24,500
-32.89%
Current Estimated Value
$168,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,042
Avg. Annual Appreciation
16.76%

Purchase Details

Closed on
May 7, 1999
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
Alawdi Nabil $50,000 None Available
-- $63,600 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2017 12/29/17 Sold $50,000 -16.5% $24 / Sq Ft
10/27/2017 10/27/17 Pending -- -- --
10/13/2017 10/13/17 Price Changed $59,900 -13.8% $29 / Sq Ft
09/01/2017 09/01/17 Price Changed $69,500 -6.7% $34 / Sq Ft
08/01/2017 08/01/17 For Sale $74,500 -- $36 / 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 -- $70,000 $7,400 $62,600
2023 $1,690 $70,000 $7,400 $62,600
2022 $1,634 $70,000 $7,400 $62,600
2021 $1,649 $70,000 $7,400 $62,600
2020 $936 $70,000 $7,400 $62,600
2019 $3,309 $63,000 $4,700 $58,300
2018 $2,091 $63,000 $4,700 $58,300
2017 $939 $63,000 $4,700 $58,300
2016 $1,908 $63,000 $4,700 $58,300
2015 -- $63,000 $4,700 $58,300
2014 -- $63,000 $4,700 $58,300
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1066149

Western New York Real Estate Information Services (WNYREIS)

APN: 140900-142-710-0002-023-000