NOT LISTED FOR SALE

78 Lake Ave Buffalo, NY 14219

Estimated Value: $193,098 - $383,000

7 Beds
4 Baths
3,064 Sq Ft
$83/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $128,000 $42 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,791/month

8 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Property is near bus stop
  • Full Attic
  • Forced Air Cooling System
  • High Speed Internet

About This Home

As of October 2020

3 unit with great rental potential! Separate utilities. Lower front has own laundry. All fridges and stoves included. All units have private entrances. Upper has bonus room off main bedroom and half bath. Upper new central A/C 2018. Hot water tank lower front 2017, New roof on side addition 2009. Rear lower apartment needs furnace repair. Dishwasher in upper not working. Some new windows. Cash offers only.

Last Agent to Sell the Property

Michael Wright

Listing by Howard Hanna WNY Inc. License #10401295105 Listed on: 08/12/2020

Howard Hanna WNY Inc.

Co-Listed By

Gerald Wright

Listing by No Office Affiliation License #30WR0024998

Last Buyer's Agent

Carol Czerwiec

Listing by HUNT Real Estate Corporation License #40CZ0748682

HUNT Real Estate Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,357

Year Built

  • Built in 1920

Lot Details

  • 5,750 Sq Ft Lot
  • Lot Dimensions are 115 x 50
  • Fenced Yard
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 3,064 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Location

  • Property is near bus stop

Schools

  • Blasdell Elementary School
  • Frontier Middle School
  • Frontier Senior High School

Utilities

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

Listing and Financial Details

  • Rent includes refuse removal, water
  • Tax Lot 14
  • Assessor Parcel Number 144801-151-620-0001-014-000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,357

Year Built

Built in 1920

Lot Details

0

Listing Details

  • NY Swis Code: Blasdell-Village-144801
  • Total Assessed Value: 64700
  • Foundation Description: Block
  • Gross Annual Income: 26400
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 115
  • Lot Dimension Front: 50
  • Lot Information: Near Bus Line, Primary Road
  • Lot Number: 14
  • Lot Shape: Rectangular
  • Nearest Cross Street: Silver St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 969696.97
  • Ratio Close Price By Sq Ft: 41.78
  • Ratio List Price By Acres: 968939.39
  • Ratio List Price By Sq Ft: 41.74
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • Roof Description: Asphalt, Shingles
  • School Tax: 1871
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit, Upper/Lower
  • Type of Sale: Normal
  • Village: Blasdell-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 5750
  • Age of Building: 102
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 3064
  • Directions To Property: South Park to Lake Ave. Lake Ave is currently closed to through traffic but access is available. Parking is available in lot diagonally across the street.
  • Sq Ft Total Pub: 3064
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 3064

Exterior Features

  • Construction: Aluminum/Steel, Brick
  • Additional Exterior Features: Cable TV Available, Fully Fenced Yard, High Speed Internet
  • Number of Acres: 0.1320

Garage/Parking

  • Number of Electric Meters: 3
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Separate Utilities: Electricity, Gas
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 144801-151-620-0001-014-000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 5357

MLS Schools

  • Elementary School Name: Blasdell Elementary
  • High School Name: Frontier Senior High
  • Middle School Name: Frontier Middle
  • School District Name: Frontier

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Oct 8, 2020
Sold by
Ferraro Maria C
Bought by
Abdulla Mukhtar
Seller's Agent
Michael Wright
Howard Hanna WNY Inc.
Buyer's Agent
Carol Czerwiec
HUNT Real Estate Corporation
List Price
$127,900
Sold Price
$128,000
Premium/Discount to List
$100
0.08%
Current Estimated Value
$253,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,775
Avg. Annual Appreciation
13.84%

Purchase Details

Closed on
Sep 13, 2010
Sold by
Nicholoff Michael R and Nicholoff Maria C
Bought by
Ferraro Maria C

Purchase Details

Closed on
Jul 29, 2008
Sold by
Suarez Roy L and Suarez Elaine M
Bought by
Nicholoff Michael R and Nicholoff Maria C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abdulla Mukhtar $128,000 None Available
Ferraro Maria C -- None Available
Nicholoff Michael R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2020 10/09/20 Sold $128,000 +0.1% $42 / Sq Ft
08/20/2020 08/20/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $127,900 -- $42 / 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 $5,722 $64,700 $10,000 $54,700
2023 $5,462 $64,700 $10,000 $54,700
2022 $5,366 $64,700 $10,000 $54,700
2021 $3,917 $64,700 $10,000 $54,700
2020 $4,837 $64,700 $10,000 $54,700
2019 $3,094 $64,700 $10,000 $54,700
2018 $4,791 $64,700 $10,000 $54,700
2017 $1,781 $64,700 $10,000 $54,700
2016 $4,394 $64,700 $10,000 $54,700
2015 -- $64,700 $10,000 $54,700
2014 -- $64,700 $10,000 $54,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1285903

Western New York Real Estate Information Services (WNYREIS)

APN: 144801-151-620-0001-014-000