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166 Commonwealth

166 Commonwealth, Buffalo, NY 14216
Multifamily in North Park
Sold Jul 20, 2022
$280,000
$308,460 by Evans Bank Na
Mortgage Due Aug 01, 2052
Sold Jan 17, 2020
$215,166
$172,000 by Community Bank Na
Mortgage Due Feb 01, 2040
166 Commonwealth 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 1917 and is 107 years old. The home has a total of 6 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 166 Commonwealth has 2,426 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 1,500 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 5,250 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 324 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a covered porch. 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. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a forced air unit and being fueled with 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 Jul 7, 2022 for $280,000. That's $115.42 per sqft. Prior to that sales transaction, the property was also sold in Jan 14, 2020 for $215,166. 166 Commonwealth was last assessed in 2023. The total value of the property was assessed at $189,000. Specifically, the land the property is located on was valued at $35,000. While improvements on the property were assessed at a total of $154,000. 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 $982. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 350
  • Total Building Area: 2,426
  • Gross Building Area: 2,426
  • Building Area: 2,426
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,426
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLAND LAND COMPANY SURVEY
  • Land Acres: 0.121
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 62O. N HERTEL

Ownership

  • Current Owner : LAMAZZA SABRINA LA
  • Previous Owner : JOHNSON BRIAN E
  • Owner Before Previous Owner: WELCH TIMOTHY M
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Buffalo City School District
  • School Tax School District: BUFFALO
  • Census Tract: 004902

Zoning

  • Zoning: N-3R

Geography

  • Account Number: 06266900
  • District: 140200
  • Section: 78.640
  • Parcel: 140200 78.64-2-6
  • Block: 2
  • Lot: 6.000
  • Municipality: BUFFALO
  • Latitude: 42.9496
  • Longitude: -78.8621

    Address

  • Full Address: 166 Commonwealth Ave
  • Address - House Number: 166
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C002
  • 4-Digit Zip Code: 2308
  • Zip Code: 14216

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $982
  • Tax Rate Code Area: 140200

    Appraisal Valuation

  • Standard Deviation: 0.2293
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 54
  • Final Value: 310,894
  • High Value: 382,208
  • Low Value: 239,579

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $308,460
  • First Open Lien Mortgage Lender: EVANS BANK NA
  • First Open Lien Mortgage Recording Date: Jul 20, 2022
  • First Open Lien Mortgage Loan Amount: $308,460
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $270,000
  • Market Land Value: $50,000
  • Market Improvement Value: $220,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $189,000
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $154,000

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 20, 2022
  • Current Sale Transaction ID: 11895805487
  • Current Sale Price: $280,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022136983
  • Previous Sale Recording Date: Jan 17, 2020
  • Previous Sale Contract Date: Jan 14, 2020
  • Previous Sale Amount: $215,166
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVANS BANK NA
  • First Mortgage Transaction Date: Jul 20, 2022
  • First Mortgage Loan Amount: $308,460
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY BANK NA
  • Previous Mortgage Transaction Date: Jan 17, 2020
  • Previous Mortgage Loan Amount: $172,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2040

About North Buffalo



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Frequently Asked Questions

What neighborhood is 166 Commonwealth located in?
The 166 Commonwealth is a multifamily located in the neighborhood of North Park in North Buffalo, Buffalo.
What is the average sales price for listings in 166 Commonwealth?
The average sales price for units in 166 Commonwealth is $220,000 , or $91/sqft. currently.

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