NOT LISTED FOR SALE

855 Payne Ave North Tonawanda, NY 14120

Estimated Value: $176,000 - $243,603

4 Beds
2 Baths
2,046 Sq Ft
$99/Sq Ft Est. Value

Last Sold August 27, 2020

Last sale price $80,000 $39 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $1,312/month

38 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Forced Air Cooling System
  • Full Attic

About This Home

As of August 2020

Large two/two double in need of renovation and restoration. Great Bones For Sure! The potential is easy to see - spacious room sizes, natural wood work throughout. Both units have eat-in kitchens, dining rooms, large living room and two nice sized bedrooms. There is a walk-up attic, full basement, gas and electric are separate, and the park is right across the street!

Last Agent to Sell the Property

Jill Welfare

Listing by Prestige Family Realty License #10491210519 Listed on: 02/28/2020

Last Buyer's Agent

Jill Welfare

Listing by Prestige Family Realty License #10491210519 Listed on: 02/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,286

Year Built

  • Built in 1930

Lot Details

  • 3,785 Sq Ft Lot
  • Lot Dimensions are 111 x 34
  • Corner Lot

Home Design

  • Stone Foundation

Interior Spaces

  • 2,046 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Vinyl

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Rent includes refuse removal, water
  • Tax Lot 53
  • Assessor Parcel Number 291200-182-030-0001-053-000

Community Details

Overview

  • 2 Units
  • Mile Reserve Community
  • Mile Reserve Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,286

Year Built

Built in 1930

Lot Details

0

Listing Details

  • NY Swis Code: North Tonawanda-City-291200
  • Total Assessed Value: 84000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 111
  • Lot Dimension Front: 34
  • Lot Information: Corner Lot
  • Lot Number: 53
  • Nearest Cross Street: Walck
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 920598.39
  • Ratio Close Price By Sq Ft: 39.10
  • Ratio List Price By Acres: 1093210.59
  • Ratio List Price By Sq Ft: 46.43
  • Regional Board Code: Buffalo
  • Rent Includes: Refuse Removal, Water
  • School Tax: 2010
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 3785
  • Age of Building: 92
  • Year Built: 1930
  • Directions To Property: Walck Road - North on Payne
  • Subdivision Comm Complex: Mile Reserve
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some
  • Total Sq Ft: 2046

Exterior Features

  • Construction: Composition
  • Number of Acres: 0.0869

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 291200-182-030-0001-053-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 4286

MLS Schools

  • School District Name: North Tonawanda

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Aug 25, 2020
Sold by
Amos Financial Llc
Bought by
Ricotta Ann Marie and Ricotta Daniel M
Seller's Agent
Jill Welfare
Prestige Family Realty
Buyer's Agent
Jill Welfare
Prestige Family Realty
List Price
$95,000
Sold Price
$80,000
Premium/Discount to List
-$15,000
-15.79%
Current Estimated Value
$202,151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,151
Avg. Annual Appreciation
19.23%
Original Mortgage
$72,000
Outstanding Balance
$57,447
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$144,704

Purchase Details

Listed on
Feb 28, 2020
Closed on
Jul 13, 2020
Sold by
Decastro Damon A
Bought by
Amos Financial Llc
Seller's Agent
Jill Welfare
Prestige Family Realty
Buyer's Agent
Jill Welfare
Prestige Family Realty
List Price
$95,000
Sold Price
$80,000
Premium/Discount to List
-$15,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Outstanding Balance
$57,447
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$144,704

Purchase Details

Closed on
Aug 22, 2007
Sold by
Mordick Veronica
Bought by
Evege Ethel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ricotta Ann Marie $80,000 None Available
Amos Financial Llc $50,000 None Available
Evege Ethel $85,000 David White
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ricotta Ann Marie $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2020 08/27/20 Sold $80,000 -15.8% $39 / Sq Ft
04/06/2020 04/06/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $95,000 -- $46 / 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 $2,966 $84,000 $8,700 $75,300
2023 $2,892 $84,000 $8,700 $75,300
2022 $2,860 $84,000 $8,700 $75,300
2021 $2,841 $84,000 $8,700 $75,300
2020 $2,782 $84,000 $8,700 $75,300
2019 $1,506 $84,000 $8,700 $75,300
2018 $2,772 $84,000 $8,700 $75,300
2017 $2,731 $84,000 $8,700 $75,300
2016 $2,682 $84,000 $8,700 $75,300
2015 -- $84,000 $8,700 $75,300
2014 -- $84,000 $8,700 $75,300
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1253935

Western New York Real Estate Information Services (WNYREIS)

APN: 291200-182-030-0001-053-000