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261 Erie Street

261 Erie Street, Lancaster, NY 14086
Property in Lancaster
Sold Mar 03, 2021
$84,800
$83,264 by Freedom Mortgage Corp
Mortgage Due Mar 01, 2051
Sold Nov 25, 2014
$42,000
$34,000 by Alden State Bank
Mortgage Due Nov 25, 2020
Local assessors in Lancaster, NY have categorized 261 Erie Street as a residential type of property. The home was built in 1935 and is 89 years old. The property's lot size has been calculated to be 15,660 square feet. The linear feet between the front and back of the lot was measured at 2,607 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There is a single bedroom in the home. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 261 Erie Street has a total of 678 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 676 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source and it is being fueled with gas. The property was last sold in Feb 18, 2021 for $84,800. That's $125.07 per sqft. Prior to that sales transaction, the property was also sold in Oct 14, 2014 for $42,000. 261 Erie Street was last assessed in 2023. The total value of the property was assessed at $75,000. Specifically, the land the property is located on was valued at $28,800. While improvements on the property were assessed at a total of $46,200. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 676
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,660
  • Lot Size Depth Feet: 2,607
  • Lot Size Frontage Feet: 600
  • Total Building Area: 678
  • Building Area: 678
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 678
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLAND LAND COMPANYS SURVEY
  • Land Acres: 0.36
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SC 7 6O X 25O

Ownership

  • Current Owner : KNAUBER RICHARD
  • Previous Owner : BONNAS KEVIN J
  • Previous Owner 2: ESTATE OF STEVEN BONNAS
  • Owner Before Previous Owner: MAU EILEEN L
  • Owner Before Previous Owner 2: MAU EDWARD H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lancaster Central School District
  • School Tax School District: LANCASTER
  • Census Tract: 014204

Geography

  • District: 145289
  • Section: 105.30
  • Parcel: 145289 105.03-1-50
  • Block: 1
  • Lot: 50.000
  • Municipality: LANCASTER (TOV)
  • Latitude: 42.9047
  • Longitude: -78.6564

    Address

  • Full Address: 261 Erie St
  • Address - House Number: 261
  • Address - Street Name: Erie
  • Address - Suffix Type: St
  • State: NY
  • City Name: Lancaster
  • Carrier Code: R003
  • 4-Digit Zip Code: 9501
  • Zip Code: 14086

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 145201

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 67
  • Final Value: 125,466
  • High Value: 154,531
  • Low Value: 96,400

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $83,264
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Mar 03, 2021
  • First Open Lien Mortgage Loan Amount: $83,264
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $38,400
  • Market Improvement Value: $61,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,000
  • Assessed Land Value: $28,800
  • Assessed Improvements Value: $46,200

    Sales

  • Current Sale Contract Date: Feb 18, 2021
  • Current Sale Recording Date: Mar 03, 2021
  • Current Sale Transaction ID: 11831877533
  • Current Sale Price: $84,800
  • Current Sale Document Type: Administrator's Deed
  • Current Sale Input Document Number: 2021040259
  • Previous Sale Recording Date: Nov 25, 2014
  • Previous Sale Contract Date: Oct 14, 2014
  • Previous Sale Amount: $42,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Mortgage Transaction Date: Mar 03, 2021
  • First Mortgage Loan Amount: $83,264
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ALDEN STATE BANK
  • Previous Mortgage Transaction Date: Nov 25, 2014
  • Previous Mortgage Loan Amount: $34,000
  • Previous Mortgage Term: 71
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 25, 2020

About Erie



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Frequently Asked Questions

What neighborhood is 261 Erie Street located in?
The 261 Erie Street is a located in the neighborhood of Lancaster in Erie, Lancaster.
What is the average sales price for listings in 261 Erie Street?
The average sales price for units in 261 Erie Street is $0 currently.

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