1296 Bailey Avenue

1296 Bailey Avenue has been categorized by the local assessors in Buffalo, NY as a commercial type of property. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 4,375 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. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1296 Bailey Avenue was last sold in Jun 15, 2023 for $11,500. Prior to that sales transaction, the property was sold for $4,400 in Jun 8, 2004. Current property owners are expected to pay $99 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 1296 Bailey Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $19,000. To break that down further, the land itself was valued at $14,000. While improvements to the property were assessed at a total of $5,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.