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1198 Ridge Road

1198 Ridge Road, Buffalo, NY 14218
Commercial in Lackawanna
Sold Jul 06, 2021
$170,000
$166,920 by United Wholesale Mortgage
Mortgage Due Aug 01, 2051
Sold Feb 12, 2004
$49,000
1198 Ridge Road has been categorized by the local assessors in Buffalo, NY as a residential type of property. The building on the property was first built in 1961 and is 63 years old. However, we must point out that the home was most recently renovated and altered in 1989. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1198 Ridge Road has 1,500 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,300 ft and across the front of the lot is 608 ft. The area measurement of the land has been determined as 7,930 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, the home is utilizing oil. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in May 28, 2021 for $170,000. That's $113.33 per sqft. Prior to that sales transaction, the property was also sold in Jan 20, 2004 for $49,000. 1198 Ridge Road was last assessed in 2023. The total value of the property was assessed at $100,000. Specifically, the land the property is located on was valued at $25,400. While improvements on the property were assessed at a total of $74,600. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $0. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior

Driveway

Paved Driveway

Parking

No Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 1
  • Basement Type: Unfinished basement
  • Basement Area: 736
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,930
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 608
  • Total Building Area: 1,500
  • Gross Building Area: 1,500
  • Building Area: 1,500
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,500
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BUFFALO CREEK RESERVATION
  • Land Acres: 0.182
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PHILLIPS KENNETH P
  • Current Owner 2: DIEBOLD PHILLIPS KERRI
  • Previous Owner : TAYLOR THOMAS J
  • Previous Owner 2: TAYLOR BETH M
  • Owner Before Previous Owner: SHANBHAG MADHUKAR A
  • Owner Before Previous Owner 2: SHANBHAG VILASINI M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lackawanna City School District
  • School Tax School District: LACKAWANNA
  • Census Tract: 012501

Zoning

  • Zoning: MR

Geography

  • Account Number: 1432
  • District: 140900
  • Section: 142.70
  • Parcel: 140900 142.07-2-50.1
  • Block: 2
  • Lot: 50.100
  • Municipality: LACKAWANNA
  • Latitude: 42.8285
  • Longitude: -78.8078

    Address

  • Full Address: 1198 Ridge Rd
  • Address - House Number: 1198
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C011
  • 4-Digit Zip Code: 1817
  • Zip Code: 14218

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 140900

    Appraisal Valuation

  • Standard Deviation: 0.2387
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 190,807
  • High Value: 236,369
  • Low Value: 145,245

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,920
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Jul 06, 2021
  • First Open Lien Mortgage Loan Amount: $166,920
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $126,600
  • Market Land Value: $32,156
  • Market Improvement Value: $94,444

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,000
  • Assessed Land Value: $25,400
  • Assessed Improvements Value: $74,600

    Sales

  • Current Sale Contract Date: May 28, 2021
  • Current Sale Recording Date: Jul 06, 2021
  • Current Sale Transaction ID: 11850784596
  • Current Sale Price: $170,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021129973
  • Previous Sale Recording Date: Feb 12, 2004
  • Previous Sale Contract Date: Jan 20, 2004
  • Previous Sale Amount: $49,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Jul 06, 2021
  • First Mortgage Loan Amount: $166,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2051

About Lackawanna



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,150 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 1198 Ridge Road located in?
The 1198 Ridge Road is a commercial located in the neighborhood of Lackawanna in Lackawanna, Buffalo.
What is the average sales price for listings in 1198 Ridge Road?
The average sales price for units in 1198 Ridge Road is $0 currently.

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