NOT LISTED FOR SALE

Estimated Value: $604,224

-- Bed
-- Bath
9,684 Sq Ft
$62/Sq Ft Est. Value

Last Sold May 21, 2019

Last sale price $407,500 $42 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,513/month

31 Days on Market

Highlights

  • 0.23 Acre Lot
  • Wood Flooring
  • Community Storage Space
  • Property is near public transit
  • Coin Laundry
  • Heating System Uses Gas

About This Home

As of May 2019

Presenting an all brick, 3 story boarding home right in the heart of the Elmwood strip between the Elmwood Village and Allentown. Cash flowing investment opportunity with upside appreciation potential given the new developments with Oishei Children's Hospital not far down the road. Formerly built as a hotel around the period of the Pan-American Exposition, this building was structured with hotel-sized rooms and later converted to a lodging house to accommodate the market demands. Of the 16 rooms, rooms 2,3,6,7,8 and 16 all have their own private bathrooms. 10 rooms use one of 3 common bathrooms that are on each of the 3 floors. 9,684 SF which can either be used as is or converted to larger apartments.

Last Listed By

Nick Corto

Listing by HUNT Commercial Real Estate Corp. of Buffalo New York License #10401306847 Listed on: 11/15/2018

HUNT Commercial Real Estate Corp. of Buffalo New York

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,219

Year Built

  • Built in 1910

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 50x200

Home Design

  • Brick Exterior Construction
  • Copper Plumbing

Interior Spaces

  • 9,684 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Driveway

Location

  • Property is near public transit

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Water Heater

Listing and Financial Details

  • Rent includes all utilities
  • Tax Lot 36
  • Assessor Parcel Number 140200-100-620-0001-036-000

Community Details

Overview

  • 16 Units
  • Holland Land Company Subdivision

Amenities

  • Coin Laundry
  • Community Storage Space

Building Details

  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,219

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Rooming House
  • Property Type: Multi Family
  • Rent Includes: All Utilities
  • Year Built: 1910
  • ResoLaundryFeatures: Common Area, Coin-operated
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Subdivision Name: Holland Land Company
  • Directions: Elmwood Ave. between Summer and Bryant.
  • Flooring: Carpet, Hardwood, Varies
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.2296
  • Waterfront: No
  • Construction Type: Brick, Copper Plumbing
  • Exterior Features: Concrete Driveway

Garage/Parking

  • Parking Features: Three or more Spaces

Utilities

  • Heating: Gas, Radiant
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Laundry Facilities, Storage Facilities

Schools

  • Junior High Dist: Buffalo

Lot Info

  • Parcel Number: 140200-100-620-0001-036-000
  • Lot Dimensions: 50X200
  • Lot Size Sq Ft: 10000.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 16
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 6219.0
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2024
Sold by
Naing Holdings Llc
Bought by
Tao Mart Corp
Total Days on Market
31
Current Estimated Value
$604,224

Purchase Details

Listed on
Nov 15, 2018
Closed on
May 7, 2019
Sold by
Constantine Joe and Constantine Carol
Bought by
Naing Holdings Llc
Seller's Agent
Nick Corto
HUNT Commercial Real Estate Corp. of Buffalo New York
Buyer's Agent
Constance Gerbush
No Office Affiliation
List Price
$499,900
Sold Price
$407,500
Premium/Discount to List
-$92,400
-18.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$599,812
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2016
Sold by
Glynn Dawn M and Estate Of Michael J Glynn
Bought by
Constantine Joe and Constantine Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Tao Mart Corp $586,425 None Available
Tao Mart Corp $586,425 None Available
Naing Holdings Llc $407,500 None Available
Naing Holdings Llc $407,500 None Available
Naing Holdings Llc $407,500 None Available
Constantine Joe $285,000 None Available
Constantine Joe $285,000 None Available
Constantine Joe $285,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Naing Holdings Llc $599,812
Previous Owner Constantine Joe $235,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2019 05/21/19 Sold $407,500 -18.5% $42 / Sq Ft
12/16/2018 12/16/18 Pending -- -- --
11/15/2018 11/15/18 For Sale $499,900 -- $52 / 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 $1,773 $350,000 $100,000 $250,000
2023 $1,773 $350,000 $100,000 $250,000
2022 $1,760 $350,000 $100,000 $250,000
2021 $1,760 $350,000 $100,000 $250,000
2020 $1,361 $350,000 $100,000 $250,000
2019 $6,799 $176,800 $25,000 $151,800
2018 $6,285 $176,800 $25,000 $151,800
2016 $5,917 $176,800 $25,000 $151,800
2015 -- $176,800 $25,000 $151,800
2014 -- $176,800 $25,000 $151,800
Source: Public Records

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

MLS Number: B1160507

Western New York Real Estate Information Services (WNYREIS)

APN: 140200 100.62-1-36