NOT LISTED FOR SALE

9 Franklin St Lancaster, NY 14086

Estimated Value: $183,000 - $272,000

5 Beds
2 Baths
2,138 Sq Ft
$110/Sq Ft Est. Value

Last Sold March 17, 2017

Last sale price $78,000 $36 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $1,592/month

62 Days on Market

Highlights

  • Wood Flooring
  • Property is near bus stop
  • Baseboard Heating
  • Lancaster High School Rated A-

About This Home

As of March 2017

Here's your opportunity to add to your portfolio or live in one unit and have the other pay the mortgage! Lots of potential to make this your own. Lower unit is very spacious with a formal dining room, 2 bedrooms and 2 full baths. Upper unit has an additional 2 bedrooms and full bath. Make your appointment today! Easy to show!

Last Agent to Sell the Property

Michael Wilson

Listing by Michael Wilson Realty LLC License #49WI1146749 Listed on: 12/21/2016

Last Buyer's Agent

TJ Miller

Listing by Howard Hanna WNY Inc. License #10301201292

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 10,514 Sq Ft Lot
  • Lot Dimensions are 153 x 68

Home Design

  • Stone Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,138 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Range Hood

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Parking

  • 2 Car Garage
  • Driveway

Location

  • Property is near bus stop

Utilities

  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Rent includes no utilities
  • Assessor Parcel Number 145203-115-270-0003-001-000

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

10,514 Sq Ft Lot

Listing Details

  • NY Swis Code: Lancaster-Village-145203
  • Total Assessed Value: 100000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 153
  • Lot Dimension Front: 68
  • Lot Information: Near Bus Line, Neighborhood Street
  • Nearest Cross Street: Lake Ave
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 323115.16
  • Ratio Close Price By Sq Ft: 36.48
  • Ratio List Price By Acres: 289560.89
  • Ratio List Price By Sq Ft: 32.69
  • Regional Board Code: Buffalo
  • Rent Includes: No Utilities
  • School Tax: 1883
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Village: Lancaster-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 10514
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: North on Lake Ave, east on Franklin St
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Basement Description: Partial
  • Floor Description: Tile-Some, Wall To Wall Carpet-Some, Wood-Some
  • Kitchen Appliances Included: Oven/Range Gas-Some, Range Hood-Exhaust Fan
  • Total Sq Ft: 2138

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.2414

Garage/Parking

  • Number of Electric Meters: 1
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: Blacktop

Utilities

  • Heating Fuel Description: Electric
  • Hvac Type: Baseboard
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 145203-115-270-0003-001-000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 4998

MLS Schools

  • School District Name: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2016
Closed on
Mar 13, 2017
Sold by
Residential Mortgage Loan
Bought by
Equity T Co
Seller's Agent
Michael Wilson
Michael Wilson Realty LLC
Buyer's Agent
TJ Miller
Howard Hanna WNY Inc.
List Price
$69,900
Sold Price
$78,000
Premium/Discount to List
$8,100
11.59%
Current Estimated Value
$235,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,938
Avg. Annual Appreciation
13.07%

Purchase Details

Closed on
Sep 13, 2016
Sold by
Coburn James E
Bought by
Residential Mortgage Loan Trusts

Purchase Details

Closed on
Jan 14, 1999
Sold by
Woods James G
Bought by
Coburn James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,400
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
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
Equity T Co $78,000 --
Residential Mortgage Loan Trusts $124,591 None Available
Coburn James E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coburn James E $6,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2017 03/17/17 Sold $78,000 +11.6% $36 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $69,900 0.0% $33 / Sq Ft
01/20/2017 01/20/17 Pending -- -- --
01/09/2017 01/09/17 Price Changed $69,900 -12.5% $33 / Sq Ft
12/21/2016 12/21/16 For Sale $79,900 -- $37 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $4,212 $109,000 $38,900 $70,100
2023 $4,192 $109,000 $38,900 $70,100
2022 $4,063 $109,000 $38,900 $70,100
2021 $3,193 $109,000 $38,900 $70,100
2020 $3,741 $109,000 $38,900 $70,100
2019 $7,777 $100,000 $24,100 $75,900
2018 $4,548 $100,000 $24,100 $75,900
2017 $4,998 $100,000 $24,100 $75,900
2016 $4,426 $100,000 $24,100 $75,900
2015 -- $100,000 $24,100 $75,900
2014 -- $100,000 $24,100 $75,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1018418

Western New York Real Estate Information Services (WNYREIS)

APN: 145203-115-270-0003-001-000

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