392 Lafayette Avenue

392 Lafayette 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 1900 and is 124 years old. The home has a total of 6 bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 392 Lafayette Avenue has 3,149 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 1,540 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 5,390 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 C by the local assessor. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. 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. 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, 392 Lafayette Avenue was last sold in Jun 23, 2023 for $495,000. According to our calculations, that's $157.19 per sqft. Prior to that sales transaction, the property was sold for $227,000 in Aug 25, 2014. Current property owners are expected to pay $1,304 in taxes per year. The property on 392 Lafayette Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $251,000. To break that down further, the land itself was valued at $29,800. While improvements to the property were assessed at a total of $221,200. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!