NOT LISTED FOR SALE

526 Lake Ave Lancaster, NY 14086

Estimated Value: $225,024 - $255,000

2 Beds
1 Bath
1,056 Sq Ft
$230/Sq Ft Est. Value

Last Sold October 03, 2023

Last sale price $210,000 $199 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,662/month

71 Days on Market

Highlights

  • Barn
  • 0.7 Acre Lot
  • Forced Air Cooling System
  • Lancaster High School Rated A-
  • Eat-In Kitchen
  • Shed

About This Home

As of October 2023

Opportunity awaits you due to previous buyer's change in personal circumstances. Welcome to this 2 bedroom Ranch situated in a parklike setting with the rear of the property treelined adding privacy and tranquility. Inside you will find updates galore! New floors, fresh paint, updated kitchen and bath-just to name a few! First floor laundry, bath and bedrooms. The 1300 square foot barn has a brand new roof and is plumbed for gas, water and has electricity.

Last Listed By

Kelly Glinski

Listing by Howard Hanna WNY Inc. License #40GL1140639 Listed on: 05/27/2023

Howard Hanna WNY Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,656

Year Built

  • Built in 1939

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 324 x 94

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Gas Range

Flooring

  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Stone Driveway

Utilities

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

Additional Features

  • Shed
  • Barn

Community Details

  • Buffalo Crk Reservation Community
  • Buffalo Crk Reservation Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 145289-126-080-0002-007-111

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,656

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Additional Structures: Barn / Outbuilding, Shed/Storage
  • NY Swis Code: Lancaster-145289
  • Total Assessed Value: 123000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 324
  • Lot Dimension Front: 94
  • Lot Information: Neighborhood Street, Rural Road
  • Lot Number: 7
  • Nearest Cross Street: Sagebrush Lane
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 300000.00
  • Ratio Close Price By Sq Ft: 198.86
  • Ratio List Price By Acres: 307142.86
  • Ratio List Price By Sq Ft: 203.60
  • Regional Board Code: Buffalo
  • Roof Description: Asphalt
  • School Tax: 1762
  • Styles of Residence: Ranch
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 30492
  • Age of Building: 84
  • Year Built: 1939
  • Above Grade Finished Sq Ft: 1056
  • Directions To Property: South off William
  • Sq Ft Total Pub: 1056
  • Subdivision Comm Complex: Buffalo Crk Reservation
  • Attribution Contact: 716-432-4779
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1939

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: 1st Floor Bedroom, Laundry-1st Floor
  • Attic Description: Crawl Space
  • Basement Description: Slab
  • Floor Description: Ceramic-Some, Vinyl-Luxury-Some
  • Kitchen Appliances Included: Oven/Range Gas
  • Kitchen Dining Description: Eat-In
  • Number of Bedrooms 1st Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 4
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 1056

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.7000

Garage/Parking

  • Driveway Description: Stone/Gravel
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Lancaster

Lot Info

  • Parcel Number: 145289-126-080-0002-007-111

Tax Info

  • Total Taxes: 3656

MLS Schools

  • School District Name: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2023
Closed on
Oct 2, 2023
Sold by
Machnica Robert and Machnica Melisse
Bought by
Wiepert William B
Seller's Agent
Kelly Glinski
Howard Hanna WNY Inc.
Buyer's Agent
Matthew Cabic
HUNT Real Estate Corporation
List Price
$225,000
Sold Price
$210,000
Premium/Discount to List
-$15,000
-6.67%
Total Days on Market
71
Views
199
Current Estimated Value
$242,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,506
Avg. Annual Appreciation
9.73%
Original Mortgage
$199,500
Outstanding Balance
$196,539
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$45,967

Purchase Details

Closed on
Sep 14, 2021
Sold by
Latello Jacob D
Bought by
Machnica Robert and Machnica Melisse

Purchase Details

Closed on
Dec 21, 2017
Sold by
Szulc Jan J
Bought by
Latello Jacob D

Purchase Details

Closed on
Dec 20, 2017
Sold by
Szulc Jan J and Szulc Regina
Bought by
Latello Jacob D

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
Wiepert William B $210,000 None Available
Wiepert William B $210,000 None Available
Wiepert William B $210,000 None Available
Machnica Robert -- None Available
Machnica Robert -- None Available
Latello Jacob D $60,000 --
Latello Jacob D $60,000 --
Latello Jacob D $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiepert William B $199,500
Closed Wiepert William B $199,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2023 10/03/23 Sold $210,000 -2.3% $199 / Sq Ft
08/06/2023 08/06/23 Pending -- -- --
08/04/2023 08/04/23 Price Changed $215,000 -4.4% $204 / Sq Ft
07/13/2023 07/13/23 For Sale $225,000 0.0% $213 / Sq Ft
05/29/2023 05/29/23 Pending -- -- --
05/27/2023 05/27/23 For Sale $225,000 -- $213 / 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 -- $123,000 $46,000 $77,000
2023 $3,699 $123,000 $46,000 $77,000
2022 $3,595 $123,000 $46,000 $77,000
2021 $3,553 $123,000 $46,000 $77,000
2020 $3,662 $123,000 $46,000 $77,000
2019 $0 $99,200 $34,700 $64,500
2018 $3,541 $99,200 $34,700 $64,500
Source: Public Records

Agents Affiliated with this Home

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

MLS Number: B1473513

Western New York Real Estate Information Services (WNYREIS)

APN: 145289 126.08-2-7.111