Seller's Agent in 2014
Louis Rizzo
Howard Hanna
(716) 940-7008
14 in this area
118 Total Sales
723 3rd St Niagara Falls, NY 14301
East Side NeighborhoodEstimated Value: $889,797
--
Bed
--
Bath
16,036
Sq Ft
$55/Sq Ft
Est. Value
Highlights
- 0.3 Acre Lot
- Hot Water Heating System
- Vinyl Flooring
- Property is near public transit
- Coin Laundry
About This Home
As of February 2014An idealist investment. Over looking the last water front in the City of Niagara Falls. Outstanding view of Canadian skyline & the Gorge. Walking distance to the Falls, Casino & all downtown attractions. Presently a 24 bed Youth Hostel with expansion possibilities for 10 more beds. All equipment included. Plus 12 apartments. Updated building with a Certificate of Compliance. The numbers: Rental income: $138,600 (Hostel at 60% Occup.)Gas: $8040, Electric: $4080, Water: $3680, Ins. $7,800. Cable+Int+ph: $2,028, Fire Alarm: $720, Hostel Expenses: $23,400. Net income before mgt&tax: $86,705.00.
Last Agent to Sell the Property
Listing by Howard Hanna WNY Inc. License #30RI0517290 Listed on: 03/21/2013
Last Buyer's Agent
Renee Lorenz
Listing by No Office Affiliation License #40LO1129001
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,947
Year Built
- Built in 1930
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 99x132
Home Design
- Brick Exterior Construction
Interior Spaces
- 16,036 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Kitchen
- Electric Oven
- Electric Range
Flooring
- Linoleum
- Vinyl
Parking
- 1 Parking Space
- No Garage
- Gravel Driveway
Location
- Property is near public transit
Utilities
- Heating System Uses Gas
- Hot Water Heating System
- Gas Water Heater
Listing and Financial Details
- Rent includes all utilities
- Assessor Parcel Number 291100-144-077-0002-062-000
Community Details
Overview
- 12 Units
- Park Place Apts Subdivision
Amenities
- Coin Laundry
Building Details
- 1 Separate Gas Meter
- Operating Expense $51,895
- Gross Income $144,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 10, 2012
Sold by
Arguy Properties Llc
Bought by
Niagara Executive Suites Llc
Total Days on Market
180
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
4.45%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 3, 2010
Sold by
Wilson Neuhaus Inc
Bought by
Arguy Properties Llc
Purchase Details
Closed on
Feb 1, 2010
Sold by
Wilson Neuhaus Inc
Bought by
Heffesse Francisco
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
4.99%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 8, 2007
Sold by
Neuhaus Walter G and Neuhaus Wilson
Bought by
Wilson-Neuhaus Inc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Niagara Executive Suites Llc | $363,000 | None Available | |
| Arguy Properties Llc | $385,000 | None Available | |
| Heffesse Francisco | $385,000 | None Available | |
| Wilson-Neuhaus Inc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Niahara Executive Suites Llc | $252,000 | |
| Previous Owner | Niagara Executive Suites Llc | $252,000 | |
| Previous Owner | Heffesse Francisco | $346,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2014 02/05/14 | Sold | $363,000 | -36.9% | $23 / Sq Ft |
| 09/16/2013 09/16/13 | Pending | -- | -- | -- |
| 03/20/2013 03/20/13 | For Sale | $575,000 | 0.0% | $36 / Sq Ft |
| 03/18/2013 03/18/13 | Rented | $700 | +7.7% | -- |
| 03/13/2013 03/13/13 | Under Contract | -- | -- | -- |
| 11/28/2012 11/28/12 | For Rent | $650 | -- | -- |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
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 | $11,956 | $172,000 | $18,700 | $153,300 |
| 2023 | $11,956 | $172,000 | $18,700 | $153,300 |
| 2022 | $5,031 | $172,000 | $18,700 | $153,300 |
| 2021 | $5,030 | $172,000 | $18,700 | $153,300 |
| 2020 | $3,338 | $172,000 | $18,700 | $153,300 |
| 2019 | $3,204 | $172,000 | $18,700 | $153,300 |
| 2018 | $4,942 | $172,000 | $18,700 | $153,300 |
| 2017 | $3,204 | $172,000 | $18,700 | $153,300 |
| 2016 | $6,058 | $172,000 | $18,700 | $153,300 |
| 2015 | -- | $172,000 | $18,700 | $153,300 |
| 2014 | -- | $172,000 | $18,700 | $153,300 |
Source: Public Records
Agents Affiliated with this Home
-
Louis Rizzo
-
R
Buyer's Agent in 2014
Renee Lorenz
No Office Affiliation
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B425762
APN: 291100-144-077-0002-062-000
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