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324 Austin Street

324 Austin Street, Buffalo, NY 14207
Property in Black Rock
Sold Aug 10, 2022
$125,000
$13,527,500 by Corevest American Finance Lend
Mortgage Due Apr 20, 2053
Sold Jun 22, 2020
$80,000
324 Austin Street 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 1900 and is 124 years old. The home has a total of 5 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, 324 Austin Street has 1,550 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 1,000 ft and across the front of the lot is 280 ft. The area measurement of the land has been determined as 2,800 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. 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 D by the local assessor. The exterior walls of the building are made of wood. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 324 Austin Street sold most recently in Jul 19, 2022 for a total of $125,000. If you work out the math, that's approximately a cost of $80.65 per sqft. Before that, the property was also sold for $80,000 in May 6, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $239 in taxes each year. The initial year of tax delinquency occurred in 2023. 324 Austin Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $46,000. If we break it down further, the land itself was valued at $4,000. Improvements to the property, however, were assessed at a total of $42,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 2,800
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 280
  • Total Building Area: 1,550
  • Gross Building Area: 1,550
  • Building Area: 1,550
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,550
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PARISH TRACT
  • Land Acres: 0.064
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 86. W JOSLYN

Ownership

  • Current Owner : WBB REAL ESTATE HOLDINGS CORP
  • Previous Owner : BROWN DANIEL
  • Previous Owner 2: BROWN JACLYN
  • Owner Before Previous Owner: ALABBASI MOHAMMED
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Buffalo City School District
  • School Tax School District: BUFFALO
  • Census Tract: 005500

Zoning

  • Zoning: N-2R

Geography

  • Account Number: 05469700
  • District: 140200
  • Section: 88.260
  • Parcel: 140200 88.26-4-7
  • Block: 4
  • Lot: 7.000
  • Municipality: BUFFALO
  • Latitude: 42.9413
  • Longitude: -78.8935

    Address

  • Full Address: 324 Austin St
  • Address - House Number: 324
  • Address - Street Name: Austin
  • Address - Suffix Type: St
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C002
  • 4-Digit Zip Code: 2645
  • Zip Code: 14207

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $239
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 140200

    Appraisal Valuation

  • Standard Deviation: 0.2783
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 60
  • Final Value: 126,257
  • High Value: 161,401
  • Low Value: 91,113

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $13,527,500
  • First Open Lien Mortgage Lender: COREVEST AMERICAN FINANCE LEND
  • First Open Lien Mortgage Recording Date: Apr 20, 2023
  • First Open Lien Mortgage Loan Amount: $13,527,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Apr 20, 2053

    Market Valuation

  • Market Total Value: $65,714
  • Market Land Value: $5,714
  • Market Improvement Value: $60,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,000
  • Assessed Land Value: $4,000
  • Assessed Improvements Value: $42,000

    Sales

  • Current Sale Contract Date: Jul 19, 2022
  • Current Sale Recording Date: Aug 10, 2022
  • Current Sale Transaction ID: 11897980168
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022152240
  • Previous Sale Recording Date: Jun 22, 2020
  • Previous Sale Contract Date: May 06, 2020
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

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Frequently Asked Questions

What neighborhood is 324 Austin Street located in?
The 324 Austin Street is a located in the neighborhood of Black Rock in Riverside, Buffalo.
What is the average sales price for listings in 324 Austin Street?
The average sales price for units in 324 Austin Street is $0 currently.

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