NOT LISTED FOR SALE

686 Tacoma Ave Buffalo, NY 14216

North Park Neighborhood

Estimated Value: $434,000 - $492,000

6 Beds
3 Baths
2,718 Sq Ft
$170/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $305,000 $112 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,613/month

4 Days on Market

Highlights

  • Wood Flooring
  • Full Attic
  • Forced Air Cooling System

About This Home

As of November 2017

Attention investors: Pay attention to this opportunity to purchase this fully leased, maintenance free, investment package consisting of two, two family homes in Buffalo's greatest neighborhoods. Gross annual income for the package is $54,000. Total county, city, school, and sewer taxes for both properties is ($3,865.73/year). Owner pays no utility bills besides total water bills approximated at ($2,000/year). Total insurance costs estimated at ($1,600/year). Net operating income including only the listed expenses is $46,534.27. All units have off street parking and convey with washer, dry, fridge, and stove. Properties can be easily accessed with 24 hour notice.

Last Agent to Sell the Property

Nicholas Giambra

Listing by Iconic Real Estate License #10301221885 Listed on: 09/07/2017

Last Buyer's Agent

Jennifer Maxian

Listing by HUNT Real Estate Corporation License #10301207679

HUNT Real Estate Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,409

Year Built

  • Built in 1922

Lot Details

  • 4,902 Sq Ft Lot
  • Lot Dimensions are 129 x 38

Home Design

  • Stone Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,718 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 2 Car Garage
  • Driveway

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 3
  • Assessor Parcel Number 140200-078-670-0002-003-000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,409

Year Built

Built in 1922

Lot Details

0

Listing Details

  • NY Swis Code: Buffalo City-140200
  • Total Assessed Value: 96800
  • Foundation Description: Stone
  • Gross Annual Income: 54000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 129
  • Lot Dimension Front: 38
  • Lot Information: Neighborhood Street
  • Lot Number: 3
  • Nearest Cross Street: Admiral
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 2711111.11
  • Ratio Close Price By Sq Ft: 112.21
  • Ratio List Price By Acres: 4435555.56
  • Ratio List Price By Sq Ft: 183.59
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • School Tax: 892
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4902
  • Age of Building: 100
  • Year Built: 1922
  • Directions To Property: Tacoma and Abbottsford
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1922

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Tile-Some
  • Kitchen Appliances Included: Negotiable
  • Total Sq Ft: 2718

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1125

Garage/Parking

  • Number of Electric Meters: 4
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: Blacktop, Concrete

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Buffalo

Lot Info

  • Parcel Number: 140200-078-670-0002-003-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 2409

MLS Schools

  • School District Name: Buffalo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2022
Sold by
Maxian Thomas J and Maxian Jennifer A
Bought by
Patton Katherine and Owen Tyler M
Current Estimated Value
$462,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,573
Outstanding Balance
$386,886
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$50,903

Purchase Details

Listed on
Sep 7, 2017
Closed on
Nov 14, 2017
Sold by
Fpg Real Estate Llc
Bought by
Maxian Thomas J and Maxian Jennifer A
Seller's Agent
Nicholas Giambra
Iconic Real Estate
Buyer's Agent
Jennifer Maxian
HUNT Real Estate Corporation
List Price
$499,000
Sold Price
$305,000
Premium/Discount to List
-$194,000
-38.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%
Original Mortgage
$227,812
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2016
Sold by
Giacobbe Frank
Bought by
Fpg Real Estate Llc

Purchase Details

Closed on
Dec 1, 1994
Sold by
Deperno James A De Perno Jame
Bought by
Gerard Green J
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
Patton Katherine $410,000 Chicago Title Insurance Co
Maxian Thomas J $303,750 None Available
Fpg Real Estate Llc -- None Available
Gerard Green J $90,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patton Katherine $402,573
Previous Owner Maxian Thomas J $227,812
Previous Owner Giacobbe Frank P $39,600
Previous Owner Giacobbe Frank $95,545
Previous Owner Green J Gerard $86,305
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2017 11/27/17 Sold $305,000 -38.9% $112 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $499,000 -- $184 / 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 $1,125 $222,000 $38,000 $184,000
2023 $1,125 $222,000 $38,000 $184,000
2022 $1,116 $222,000 $38,000 $184,000
2021 $1,116 $222,000 $38,000 $184,000
2020 $745 $222,000 $38,000 $184,000
2019 $2,656 $96,800 $9,900 $86,900
2018 $2,499 $96,800 $9,900 $86,900
2017 $576 $96,800 $9,900 $86,900
2016 $2,356 $96,800 $9,900 $86,900
2015 -- $96,800 $9,900 $86,900
2014 -- $96,800 $9,900 $86,900
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Giambra

    Seller's Agent in 2017

    Nicholas Giambra

    Iconic Real Estate

    (716) 670-3721

    5 in this area

    203 Total Sales

    Section Image
  • Jennifer Maxian

    Buyer's Agent in 2017

    Jennifer Maxian

    Hunt Real Estate

    (716) 946-6112

    44 Total Sales

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Map

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

MLS Number: B1074208

Western New York Real Estate Information Services (WNYREIS)

APN: 140200-078-670-0002-003-000

New York Erie County Buffalo 14216 North Park

686 Tacoma Ave, Buffalo, NY

This home is located at 686 Tacoma Ave, Buffalo, NY 14216 since 07 September 2017 and is currently estimated at $462,337, approximately $170 per square foot. This property was built in 1922. 686 Tacoma Ave is a home located in Erie County with nearby schools including St Mark Elementary School, Nichols School, and St. Joseph's Collegiate Institute.

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