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Erie
32 Forestlake Drive
$392,500
● House - Off Market

32 Forestlake Drive

Amherst, NY 14068
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,641 Ft²
$519,298
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

"Condo Status" on this lovely Patio Ranch build by Randaccio. Beautiful architectural details, circle-top windows, cathedral ceilings, large side lot, wonderful wooded views from deck (gas grill & patio umbrella stay, 'as is'), spacious Cook's eat-in kitchen with candlelight colored cabinetry, all appliances including 2-yr old Maytag washer & dryer, Dining room or Den, sprinklers, alarm system. Very low Assoc Fee. No more cutting grass or shoveling snow!"
Unit Size
1,641 Ft²
Days on Market
116 days
Land Size
0.39 acres
Price per sqft
$244
Property Type
House
Property Taxes
$417
HOA Dues
$90
Year Built
2007

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (NYSAMLS #B1294105)

Price History

Date / Event Date Event Price
Jan 6, 2021 Sold
Premium
Sold
Sep 12, 2020 Listed by Hunt Real Estate ERA $399,900
Listed by Hunt Real Estate ERA
Feb 14, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,991
  • Total Building Area: 1,641
  • Building Area: 1,641
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,641
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE HAMLET CONDOMINIUM
  • Land Acres: 0000000390
  • Standard Land Use Code: 1004
  • County Land Use Code: 210

Neighborhood

  • School District Name: Williamsville Central School District
  • School Tax School District: WILLIAMSVILLE
  • Census Tract: 009010

Geography

  • District: 142289
  • Section: 41.80
  • Parcel: 142289 41.08-9-1./1
  • Block: 9
  • Lot: 1.000
  • Municipality: AMHERST (TOV)
  • Latitude: 43.0296
  • Longitude: -78.7506

    Address

  • Full Address: 32 Forestlake Dr
  • Address - House Number: 32
  • Address - Street Name: Forestlake
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Getzville
  • Carrier Code: R003
  • 4-Digit Zip Code: 1700
  • Zip Code: 14068

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $555,439
  • Tax Rate Code Area: 142203

    Appraisal Valuation

  • Standard Deviation: 0.2136
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 409,415
  • High Value: 496,881
  • Low Value: 321,950

    Market Valuation

  • Market Total Value: $258,065
  • Market Land Value: $32,097
  • Market Improvement Value: $225,968

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,000
  • Assessed Land Value: $19,900
  • Assessed Improvements Value: $140,100

    Sales

  • Current Sale Contract Date: Jan 02, 2021
  • Current Sale Recording Date: Jan 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2021002732
  • Previous Sale Recording Date: Feb 14, 2011
  • Previous Sale Contract Date: Feb 14, 2011
  • Previous Sale Amount: $289,000
  • Previous Sale Document Type: 51
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Erie

Stats & Trends

Median Asking:

$269,999

Sale Price/ft²

$182

Above Asking

56.98%

Average Days on Market

76

Average Home Size

2094 ft²

Average Home Age

83.4 years

Currently For Sale

2025 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 100 Lynette Lane, Williamsville, NY, 14228

$5,200 /mo

  • 4 Beds
  • 3 Baths
  • 2,423 ft²
100 Lynette Lane, Williamsville, NY, 14228 Listing by Barbara Anne Kivi

Rentals Near You

Click here to view more rentals in the neighborhood.
NYSAMLS

Last Updated: 6 months ago
Data Source: NYSAMLSs, MLS# B1294105

Frequently Asked Questions

When was property at 32 Forestlake Drive built and last sold?
The property at 32 Forestlake Drive was built in 2007 and last sold on Jan 2, 2021 for $392,500.
How much is this home worth?
The estimated value of the home located at 32 Forestlake Drive is $399,340.
What are some comparable homes to 32 Forestlake Drive?
There are currently no comparable homes to 32 Forestlake Drive.
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