NOT LISTED FOR SALE

7 Terrace Ln Elma, NY 14059

Estimated Value: $388,000 - $891,000

3 Beds
3.5 Baths
3,833 Sq Ft
$175/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $709,900 $185 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,588/month

20 Days on Market

Highlights

  • 302 Feet of Waterfront
  • Second Garage
  • Colonial Architecture
  • Second Kitchen
  • 3.5 Acre Lot
  • Deck

About This Home

As of November 2022

Exquisite and Unique! Nearly 4000 sq' of luxury on 3.5 wooded acres. Magical yard w/ 1/2 acre "stocked" pond! Picturesque tiered landscaping surrounds a fabulous party area w/ built in stone exterior kitchen and expansive stamped concrete patio area! Exotic granite in kitchen w/ Hi end appliances, 3 season sunroom, formal dining room, two story liv rm w/ brick FP, 1st fl Master suite w/ balcony. Remodeled "Glamour" bath, Kohler jetted tub, ceramic walk-in shower, top floor w/ loft, 2 more bedrooms. Lower level offers "In-Law" possibilities w/ 2nd full kitchen, huge sitting/TV area or home office, 3rd full bath- walk out to patio area! Too many details to mention! Open Sat 8/27 1-3. Showings begin Wednesday 8/24/22. Negotiations begin 8/29/22 @ 5pm.

Last Agent to Sell the Property

Patty Manns

Listing by HUNT Real Estate Corporation License #40MA0761139 Listed on: 08/23/2022

HUNT Real Estate Corporation

Co-Listed By

Nicole Freidenberg

Listing by HUNT Real Estate Corporation License #10401280500

Last Buyer's Agent

Danielle James

Listing by No Office Affiliation License #10401321253

No Office Affiliation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,663

Year Built

  • Built in 1989

Lot Details

  • 3.5 Acre Lot
  • Lot Dimensions are 868 x 94
  • 302 Feet of Waterfront
  • River Front
  • Irregular Lot

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Traditional Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,833 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Woodwork
  • Cathedral Ceiling
  • Skylights
  • 2 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Stained Glass
  • Sliding Doors
  • Two Story Entrance Foyer
  • Great Room
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Sun or Florida Room
  • Finished Attic
  • Security System Owned
  • Laundry on main level

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 4 Car Attached Garage
  • Second Garage
  • Heated Garage
  • Garage Door Opener
  • Circular Driveway

Accessible Home Design

  • Accessible Bedroom

Outdoor Features

  • Deck
  • Patio
  • Shed
  • Outdoor Grill

Schools

  • Elma Primary Elementary School

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • 220 Volts in Garage
  • Whole House Permanent Generator
  • Gas Water Heater
  • Septic Tank

Community Details

  • Buffalo Crk Reservation Subdivision, Walter Schmidt Floorplan
  • Buffalo Crk Reservation Community

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 144200-138-030-0005-015-100

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,663

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Accessibility: Entry Level Bedroom
  • Additional Structures: Shed/Storage
  • NY Swis Code: Elma-144200
  • Total Assessed Value: 21500
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 868
  • Lot Dimension Front: 94
  • Lot Information: Neighborhood Street
  • Lot Number: 15
  • Lot Shape: Irregular
  • Nearest Cross Street: Stolle
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 202828.57
  • Ratio Close Price By Sq Ft: 185.21
  • Ratio List Price By Acres: 214257.14
  • Ratio List Price By Sq Ft: 195.64
  • Regional Board Code: Buffalo
  • Roof Description: Asphalt
  • School Tax: 8188
  • Styles of Residence: Colonial, Contemporary, Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Age of Building: 33
  • Garage Amenities: Electrical Service, Heated, Storage
  • Year Built: 1989
  • Above Grade Finished Sq Ft: 2427
  • Builder Model: Walter Schmidt
  • Directions To Property: Clinton St to Stolle to Terrace (Bullis is blocked at bridge)
  • Sq Ft Total Pub: 3833
  • Subdivision Comm Complex: Buffalo Crk Reservation
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1989

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Cathedral Ceiling, Central Vacuum System, Circuit Breakers - Some, Natural Woodwork - some, Security System - Owned, Skylight, Sliding Glass Door, Stained Glass - Some, Two Story Foyer
  • Additional Rooms: 1st Floor Bedroom, 1st Floor Master Bedroom, 1st Floor Master Suite, Basement / Rec Room, Bonus Room, Florida/Sun Room- Unheated, Foyer/Entry Hall, Great Room, In-Law - see Remarks, In-Law Suite, Laundry-1st Floor, Laundry-Basement, Living Room, Master Bedroom Bath
  • Attic Description: Finished
  • Basement Description: Exterior Walkout, Finished, Full
  • Floor Description: Ceramic-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Microwave, Oven/Range Gas, Refrigerator
  • Kitchen Dining Description: 2nd Kitchen, Breakfast Bar, Eat-In, Formal Dining Room, Granite Counter, Solid Surface Counter
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 2
  • Number of Fireplaces Not Repto Code: 1
  • Number of Fireplaces Total Calculated: 2
  • Number of Fireplaces Woodburning: 1
  • Number of Fireplaces Woodstoves: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Full Bathrooms in the Basement: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 9
  • Half Bathrooms: 1
  • Total Bathrooms: 3.10
  • Total Bedrooms: 3
  • Total Sq Ft: 3833

Exterior Features

  • Construction: Brick, Vinyl
  • Waterfront Name: Buffalo Creek
  • Additional Exterior Features: Barbecue, Deck, Garage Door Opener, Patio
  • Number of Acres: 3.5000
  • Waterfront Description: River/Stream/Creek
  • Waterfront Frontage: 302

Garage/Parking

  • Driveway Description: Blacktop, Circular
  • Garage Description: 2nd Garage, Attached
  • Number of Garage Spaces: 4.0000

Utilities

  • Emergency Backup Systems: Generator - Permanent
  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air
  • Number of Beds Approved for Septic: 3
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Schools

  • School District: Iroquois
  • Elementary School: Elma Primary

Lot Info

  • Parcel Number: 144200-138-030-0005-015-100

Tax Info

  • Total Taxes: 11663

MLS Schools

  • Elementary School Name: Elma Primary
  • School District Name: Iroquois

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2022
Closed on
Oct 26, 2022
Sold by
Brader William J and Brader Bonita A
Bought by
Burchalewski Martin J and Burchalewski Dawn V
Seller's Agent
Patty Manns
HUNT Real Estate Corporation
Buyer's Agent
Danielle James
No Office Affiliation
List Price
$749,900
Sold Price
$709,900
Premium/Discount to List
-$40,000
-5.33%
Views
76
Current Estimated Value
$655,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$54,613
Avg. Annual Appreciation
-2.07%
Original Mortgage
$409,900
Outstanding Balance
$398,715
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$271,444

Purchase Details

Listed on
Aug 2, 2012
Closed on
Oct 16, 2012
Sold by
Schreckengost Richard
Bought by
Brader William
Seller's Agent
Patricia Polcyn
MJ Peterson Real Estate Inc.
Buyer's Agent
Steve Starke
HUNT Real Estate Corporation
List Price
$517,000
Sold Price
$518,000
Premium/Discount to List
$1,000
0.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%
Original Mortgage
$414,400
Interest Rate
2.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Burchalewski Martin J $709,900 None Available
Brader William $518,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burchalewski Martin J $409,900
Previous Owner Brader William $414,400
Previous Owner Schreckengost Richard E $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $709,900 -5.3% $185 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
08/23/2022 08/23/22 For Sale $749,900 +44.8% $196 / Sq Ft
10/19/2012 10/19/12 Sold $518,000 +0.2% $129 / Sq Ft
08/12/2012 08/12/12 Pending -- -- --
08/02/2012 08/02/12 For Sale $517,000 -- $129 / 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 -- $21,500 $2,900 $18,600
2023 $12,017 $21,500 $2,900 $18,600
2022 $11,967 $21,500 $2,900 $18,600
2021 $11,702 $21,500 $2,900 $18,600
2020 $11,507 $21,500 $2,900 $18,600
2019 $10,648 $21,500 $2,900 $18,600
2018 $11,310 $21,500 $2,900 $18,600
2017 $3,109 $21,500 $2,900 $18,600
2016 $10,810 $21,500 $2,900 $18,600
2015 -- $21,500 $2,900 $18,600
2014 -- $21,500 $2,900 $18,600
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1429339

Western New York Real Estate Information Services (WNYREIS)

APN: 144200-138-030-0005-015-100