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345 Richmond Avenue

345 Richmond Avenue, Buffalo, NY 14222
Multifamily in Front Park
Sold Jul 23, 2021
$510,000
$382,500 by Family First Funding Llc
Mortgage Due Aug 01, 2051
Sold Jun 14, 1996
$46,000
345 Richmond Avenue in Buffalo, NY was first built in 1904 and is 120 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 3 floors. There are a total of 0 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 345 Richmond Avenue has 2,722 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 320 ft and the linear feet between the front and back of the lot is 1,150. In total, the area measurement of the land is 3,680 square feet.

Learn more about the property and building on this page. There is a covered porch and a patio. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. As for heating, the home is utilizing a forced air unit and being fueled with oil. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 345 Richmond Avenue was last sold in Jun 18, 2021 for $510,000. According to our calculations, that's $187.36 per sqft. Prior to that sales transaction, the property was sold for $46,000 in Jun 14, 1996. Current property owners are expected to pay $1,492 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 345 Richmond Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $287,000. To break that down further, the land itself was valued at $65,600. While improvements to the property were assessed at a total of $221,400. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1904
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Wood
  • Floor Count: 3
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 3,680
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 320
  • Total Building Area: 2,722
  • Gross Building Area: 2,722
  • Building Area: 2,722
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,722
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLAND LAND COMPANYS SURVEY
  • Land Acres: 0.085
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: 72 S ANDERSON PL

Ownership

  • Current Owner : LIVSEY JOSEPH
  • Current Owner 2: LIVSEY JAMES
  • Previous Owner : ROBINSON ALICE K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Buffalo City School District
  • School Tax School District: BUFFALO
  • Census Tract: 006601

Zoning

  • Zoning: N-2R

Geography

  • Account Number: 01222400
  • District: 140200
  • Section: 100.370
  • Parcel: 140200 100.37-9-20
  • Block: 9
  • Lot: 20.000
  • Municipality: BUFFALO
  • Latitude: 42.9119
  • Longitude: -78.8816

    Address

  • Full Address: 345 Richmond Ave
  • Address - House Number: 345
  • Address - Street Name: Richmond
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C014
  • 4-Digit Zip Code: 1711
  • Zip Code: 14222

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,492
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 140200

    Appraisal Valuation

  • Standard Deviation: 0.2526
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 64
  • Final Value: 430,429
  • High Value: 539,181
  • Low Value: 321,678

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $382,500
  • First Open Lien Mortgage Lender: FAMILY FIRST FUNDING LLC
  • First Open Lien Mortgage Recording Date: Jul 23, 2021
  • First Open Lien Mortgage Loan Amount: $382,500
  • 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, 2051

    Market Valuation

  • Market Total Value: $410,000
  • Market Land Value: $93,714
  • Market Improvement Value: $316,286

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $287,000
  • Assessed Land Value: $65,600
  • Assessed Improvements Value: $221,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Transaction ID: 11850835935
  • Current Sale Price: $510,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021144219
  • Previous Sale Recording Date: Jun 14, 1996
  • Previous Sale Contract Date: Jun 14, 1996
  • Previous Sale Amount: $46,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAMILY FIRST FUNDING LLC
  • First Mortgage Transaction Date: Jul 23, 2021
  • First Mortgage Loan Amount: $382,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

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Frequently Asked Questions

What neighborhood is 345 Richmond Avenue located in?
The 345 Richmond Avenue is a multifamily located in the neighborhood of Front Park in West Side, Buffalo.
What is the average sales price for listings in 345 Richmond Avenue?
The average sales price for units in 345 Richmond Avenue is $0 currently.

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