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240 Loring Avenue

240 Loring Avenue, Buffalo, NY 14214
Property in Hamlin Park
Refi Oct 20, 2020
Transfer
Owner
$314,260 by Hsbc Bank Usa
Mortgage Due Nov 01, 2050
240 Loring Avenue 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 1920 and is 104 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, 240 Loring Avenue has 2,640 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 1,070 ft and across the front of the lot is 340 ft. The area measurement of the land has been determined as 3,638 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 360 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 a material which is produced from two or more constituent materials. 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. 240 Loring Avenue was last assessed in 2023. The total value of the property was assessed at $48,000. Specifically, the land the property is located on was valued at $2,200. While improvements on the property were assessed at a total of $45,800. 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 $249. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Composition
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 3,638
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 340
  • Total Building Area: 2,640
  • Gross Building Area: 2,640
  • Building Area: 2,640
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,640
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLAND LAND COMPANYS SURVEY
  • Land Acres: 0.084
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 2O9. E SHELBOURNE

Ownership

  • Ownership Rights Codes: Life Tenant

Neighborhood

  • School District Name: Buffalo City School District
  • School Tax School District: BUFFALO
  • Census Tract: 005202

Zoning

  • Zoning: N-3R

Geography

  • Account Number: 06033700
  • District: 140200
  • Section: 89.670
  • Parcel: 140200 89.67-3-33
  • Block: 3
  • Lot: 33.000
  • Municipality: BUFFALO
  • Latitude: 42.9263
  • Longitude: -78.8452

    Address

  • Full Address: 240 Loring Ave
  • Address - House Number: 240
  • Address - Street Name: Loring
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C024
  • 4-Digit Zip Code: 2710
  • Zip Code: 14214

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $249
  • Tax Rate Code Area: 140200

    Appraisal Valuation

  • Standard Deviation: 0.2408
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 125,565
  • High Value: 155,807
  • Low Value: 95,323

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $314,260
  • First Open Lien Mortgage Lender: HSBC BANK USA
  • First Open Lien Mortgage Recording Date: Oct 20, 2020
  • First Open Lien Mortgage Loan Amount: $314,260
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $68,571
  • Market Land Value: $3,143
  • Market Improvement Value: $65,428

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,000
  • Assessed Land Value: $2,200
  • Assessed Improvements Value: $45,800

About Masten



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Frequently Asked Questions

What neighborhood is 240 Loring Avenue located in?
The 240 Loring Avenue is a located in the neighborhood of Hamlin Park in Masten, Buffalo.
What is the average sales price for listings in 240 Loring Avenue?
The average sales price for units in 240 Loring Avenue is $0 currently.

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