NOT LISTED FOR SALE

8 Summit St Unit 10 Salamanca, NY 14779

Estimated Value: $71,000 - $120,000

6 Beds
2 Baths
2,300 Sq Ft
$40/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $27,000 $12 Per Sq Ft

Est. 245% increase in value since last sale

Current estimated payment $543/month

13 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Baseboard Heating
  • Full Attic
  • Property is near a bus stop
  • Rectangular Lot

About This Home

As of February 2020

Attention Investors...THIS PROPERTY IS A GREAT INVESTMENT PROPERTY! JUST A SHORT WALK TO DOWNTOWN BUSINESSES AND LIBRARY...2 Family /Hardwood floors/Newer Metal Roof 2012 /Newer front Deck /2 Newer Furnaces/Some New windows / Walking distance to shopping ,town and local parks .Live in one unit and rent out the second unit for extra income...Low taxes ... Easy to show !

Last Agent to Sell the Property

Margie Kandefer

Listing by Howard Hanna Professionals - Ellicottville License #40KA1070027 Listed on: 12/03/2019

Howard Hanna Professionals - Ellicottville

Last Buyer's Agent

Margie Kandefer

Listing by Howard Hanna Professionals - Ellicottville License #40KA1070027 Listed on: 12/03/2019

Howard Hanna Professionals - Ellicottville

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 2,012 Sq Ft Lot
  • Lot Dimensions are 64 x 31
  • Rectangular Lot

Parking

  • No Driveway

Home Design

  • Stone Foundation

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Vinyl

Location

  • Property is near a bus stop

Schools

  • Salamanca High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Wall Furnace
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 6
  • Assessor Parcel Number 041600-073-079-0006-006-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $1,663

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Annual Operating Expenses: 1663
  • NY Swis Code: Salamanca-City-041600
  • Total Assessed Value: 7200
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 64
  • Lot Dimension Front: 31
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 6
  • Lot Shape: Rectangular
  • Nearest Cross Street: East State St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 584415.58
  • Ratio Close Price By Sq Ft: 11.74
  • Ratio List Price By Acres: 616883.12
  • Ratio List Price By Sq Ft: 12.39
  • Regional Board Code: Buffalo
  • Rent Includes: No Utilities
  • School Tax: 654
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 2012
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: Rt 219 to East state to Summit Street
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some
  • Total Sq Ft: 2300

Exterior Features

  • Construction: Brick
  • Number of Acres: 0.0462

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: No Driveway

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Forced Air, Wall Furnace
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Salamanca
  • High School: Salamanca High

Lot Info

  • Parcel Number: 041600-073-079-0006-006-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1663

MLS Schools

  • High School Name: Salamanca High
  • School District Name: Salamanca

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2019
Closed on
Feb 20, 2020
Sold by
Fries William J and Fries F
Bought by
Park Place Real Holding I and Park Place Real Estat Llc
Seller's Agent
Margie Kandefer
Howard Hanna Professionals - Ellicottville
Buyer's Agent
Margie Kandefer
Howard Hanna Professionals - Ellicottville
List Price
$28,500
Sold Price
$27,000
Premium/Discount to List
-$1,500
-5.26%
Current Estimated Value
$93,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,071
Avg. Annual Appreciation
21.37%

Purchase Details

Listed on
Dec 3, 2019
Closed on
Feb 19, 2020
Sold by
Fries William J and Fries F
Bought by
Park Place Real Holding I and Park Place Real Estat Llc
Seller's Agent
Margie Kandefer
Howard Hanna Professionals - Ellicottville
Buyer's Agent
Margie Kandefer
Howard Hanna Professionals - Ellicottville
List Price
$28,500
Sold Price
$27,000
Premium/Discount to List
-$1,500
-5.26%

Purchase Details

Closed on
Mar 23, 2007
Sold by
Earley Jeffrey
Bought by
Fries William

Purchase Details

Closed on
Feb 26, 2007
Sold by
Greninger Tania
Bought by
Earley Jeffrey

Purchase Details

Closed on
Jul 11, 2002
Sold by
George P & Michael I Exec Geiser
Bought by
Greninger Tania R

Purchase Details

Closed on
Dec 15, 1995
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
Park Place Real Holding I $27,000 None Available
Park Place Real Holding I $27,000 None Available
Fries William $30,000 James Maccallum
Earley Jeffrey $18,000 Ronald D Ploetz
Greninger Tania R $19,400 Ronald D Ploetz
-- $26,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $27,000 -5.3% $12 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
12/03/2019 12/03/19 For Sale $28,500 -- $12 / 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 $564 $7,200 $195 $7,005
2023 $565 $7,200 $195 $7,005
2022 $587 $7,200 $195 $7,005
2021 $622 $7,200 $195 $7,005
2020 $74 $7,200 $195 $7,005
2019 $0 $7,200 $195 $7,005
2018 $0 $7,200 $195 $7,005
2017 $0 $7,200 $195 $7,005
2016 $0 $7,200 $195 $7,005
2015 -- $7,200 $195 $7,005
2014 -- $7,200 $195 $7,005
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Margie Kandefer

    Howard Hanna Professionals - Ellicottville

    (716) 945-5848

    18 Total Sales

    Margie Kandefer
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Map

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

MLS Number: B1240888

Western New York Real Estate Information Services (WNYREIS)

APN: 041600-073-079-0006-006-000-0000

New York Cattaraugus County Salamanca 14779

8 Summit St Unit 10, Salamanca, NY

This home is located at 8 Summit St Unit 10, Salamanca, NY 14779 since 03 December 2019 and is currently estimated at $93,071, approximately $40 per square foot. This property was built in 1910. 8 Summit St Unit 10 is a home located in Cattaraugus County with nearby schools including Prospect Elementary School, Seneca Elementary School, and Salamanca Junior/Senior High School.

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