NOT LISTED FOR SALE

581 Erie St Lancaster, NY 14086

Estimated Value: $373,041 - $405,000

3 Beds
1 Bath
1,490 Sq Ft
$259/Sq Ft Est. Value

Last Sold December 27, 2023

Last sale price $360,000 $242 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,636/month

10 Days on Market

Highlights

  • Barn
  • 5.15 Acre Lot
  • Secluded Lot
  • Lancaster High School Rated A-
  • Deck
  • Raised Ranch Architecture

About This Home

As of December 2023

Look no further! Enjoy country living just a stone throw away to all the amenities of the town & village of Lancaster. This well kept raised Ranch feels secluded on over 5 acres featuring a 20x40 Pole Barn equipped w/electric and water. Additional 2 story shed for storage. Upon entry to the home you will find open concept living. Updated kitchen that includes all stainless steel appliances. Walkout from kitchen sliders to back deck that features pergola (awning included) Breath taking views of your very own private oasis. Main floor laundry for your convenience. All 3 bedrooms are generous in size with ample closet space. Additional finished room in basement. Could be an added bedroom or entertainment room. Lancaster Schools. Seller added A/C 2022, New Carpets 2022, Painted all interior of home. Painted Barn & Shed. Previously done to the home are as follows. Gutter Helmet (2020) all windows & blacktop driveway (2012) Roof (2010) 3 zone heat, 1 attached garage w/drain and hot/cold water. Open house 10/21 1p-3p All offers if any are due 10/24 10am

Last Listed By

Rachel Corcoran

Listing by Own NY Real Estate LLC Brokerage Phone: 716-462-9233 License #10401328369 Listed on: 10/14/2023

Own NY Real Estate LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,898

Year Built

  • Built in 1982

Lot Details

  • 5.15 Acre Lot
  • Lot Dimensions are 990 x 226
  • Secluded Lot

Home Design

  • Raised Ranch Architecture
  • Asphalt Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 1,490 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Ceiling Fan
  • Sliding Doors
  • Two Story Entrance Foyer
  • Family Room
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Shed
  • Porch

Schools

  • Lancaster Middle School
  • Lancaster High School

Farming

  • Barn

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 145289-105-000-0005-026-122

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,898

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Additional Structures: Barn / Outbuilding, Shed/Storage
  • NY Swis Code: Lancaster-145289
  • Total Assessed Value: 219000
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 990
  • Lot Dimension Front: 226
  • Lot Information: Secluded
  • Lot Number: 26
  • Nearest Cross Street: Central Ave
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 69902.91
  • Ratio Close Price By Sq Ft: 241.61
  • Ratio List Price By Acres: 67941.75
  • Ratio List Price By Sq Ft: 234.83
  • Regional Board Code: Buffalo
  • Roof Description: Asphalt
  • School Tax: 3214
  • Styles of Residence: Raised Ranch
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 224334
  • Age of Building: 41
  • Year Built: 1982
  • Above Grade Finished Sq Ft: 970
  • Directions To Property: Broadway to Pavement to Erie.
  • Sq Ft Total Pub: 1490
  • Attribution Contact: 716-462-9233
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1982

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Copper Plumbing - Some, Natural Woodwork - some, Sliding Glass Door, Sump Pump, Two Story Foyer
  • Additional Rooms: Family Room, Laundry-Basement, Living Room, Porch - Open
  • Attic Description: Crawl Space
  • Basement Description: Finished, Full
  • Floor Description: Laminate-Some, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Dryer, Microwave, Oven/Range Gas, Refrigerator, Washer
  • Kitchen Dining Description: Eat-In, Island, Living/Dining Combo
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1490

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Deck, Garage Door Opener
  • Number of Acres: 5.1500

Garage/Parking

  • Driveway Description: Blacktop, Double Wide, Turnaround
  • Garage Description: Attached
  • Number of Garage Spaces: 1.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC Unit-Wall, Baseboard, Multi-Zone
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Lancaster
  • Middle School: Lancaster Middle
  • High School: Lancaster High

Lot Info

  • Parcel Number: 145289-105-000-0005-026-122

Tax Info

  • Total Taxes: 5898

MLS Schools

  • High School Name: Lancaster High
  • Middle School Name: Lancaster Middle
  • School District Name: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2023
Closed on
Nov 27, 2023
Sold by
Olson Erik
Bought by
Welka Jaime
Seller's Agent
Rachel Corcoran
Own NY Real Estate LLC
Buyer's Agent
Jaime Welka
No Office Affiliation
List Price
$349,900
Sold Price
$360,000
Premium/Discount to List
$10,100
2.89%
Total Days on Market
10
Views
369
Current Estimated Value
$385,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,260
Avg. Annual Appreciation
5.31%
Original Mortgage
$152,625
Outstanding Balance
$150,620
Interest Rate
7.22%
Mortgage Type
FHA
Estimated Equity
$234,640

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jul 26, 2021
Sold by
Freitag Mark and Gilsdorf Danielle
Bought by
Olson Erik
Seller's Agent
Tina Spyres
HUNT Real Estate Corporation
Buyer's Agent
Suzanne Tomasello
Keller Williams Realty WNY
List Price
$269,900
Sold Price
$271,000
Premium/Discount to List
$1,100
0.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.51%

Purchase Details

Closed on
Sep 3, 2019
Sold by
Freitag Mark
Bought by
Freitag Mark and Gilsdorf Danielle R

Purchase Details

Closed on
Sep 18, 2002
Sold by
Gondek Richard J
Bought by
Freitag Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

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
Welka Jaime $360,000 Stewart Title Insurance Co
Welka Jaime $360,000 None Available
Welka Jaime $360,000 Stewart Title Insurance Co
Olson Erik $271,000 None Available
Olson Erik $271,000 None Available
Olson Erik $271,000 None Available
Freitag Mark -- None Available
Freitag Mark -- None Available
Freitag Mark -- None Available
Freitag Mark $120,000 --
Freitag Mark $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welka Jaime $152,625
Closed Welka Jaime $152,625
Previous Owner Freitag Mark $25,000
Previous Owner Freitag Mark K $5,659
Previous Owner Freitag Mark $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2023 12/27/23 Sold $360,000 +2.9% $242 / Sq Ft
10/24/2023 10/24/23 Pending -- -- --
10/14/2023 10/14/23 For Sale $349,900 +29.1% $235 / Sq Ft
07/30/2021 07/30/21 Sold $271,000 +0.4% $182 / Sq Ft
06/13/2021 06/13/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $269,900 -- $181 / 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 -- $219,000 $80,700 $138,300
2023 $5,882 $219,000 $80,700 $138,300
2022 $5,727 $219,000 $80,700 $138,300
2021 $5,654 $219,000 $80,700 $138,300
2020 $5,242 $219,000 $80,700 $138,300
2019 $4,596 $163,000 $59,100 $103,900
2018 $4,766 $163,000 $59,100 $103,900
2017 $2,327 $163,000 $59,100 $103,900
2016 $4,602 $163,000 $59,100 $103,900
2015 -- $163,000 $59,100 $103,900
2014 -- $163,000 $59,100 $103,900
Source: Public Records

Agents Affiliated with this Home

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

MLS Number: B1503916

Western New York Real Estate Information Services (WNYREIS)

APN: 145289-105-000-0005-026-122