Check Availability

407 Hinman

407 Hinman, Buffalo, NY 14216
Multifamily in Military
Refi May 05, 2010
Transfer
$58,000 by First Niagara Bank Na
Mortgage Due May 05, 2040
407 Hinman 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 1920 and is 104 years old. The home has a total of 4 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, 407 Hinman has 2,112 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 340 ft and across the front of the lot is 343 ft. The area measurement of the land has been determined as 1,156 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 195 sqft. Residents will have the luxury of enjoying a open 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 a material which is produced from two or more constituent materials. 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. Tax-wise, the current owner is expected to pay close to $343 in taxes each year. 407 Hinman was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $66,000. If we break it down further, the land itself was valued at $4,900. Improvements to the property, however, were assessed at a total of $61,100. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

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

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Composition
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 195
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,156
  • Lot Size Depth Feet: 340
  • Lot Size Frontage Feet: 343
  • Total Building Area: 2,112
  • Gross Building Area: 2,112
  • Building Area: 2,112
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,112
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.027
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 66.86 E PENROSE 80.06 E

Neighborhood

  • School District Name: Buffalo City School District
  • School Tax School District: BUFFALO
  • Census Tract: 005600

Zoning

  • Zoning: N-3R

Geography

  • Account Number: 05571800
  • District: 140200
  • Section: 77.440
  • Parcel: 140200 77.44-2-15
  • Block: 2
  • Lot: 15.000
  • Municipality: BUFFALO
  • Latitude: 42.9569
  • Longitude: -78.8848

    Address

  • Full Address: 407 Hinman Ave
  • Address - House Number: 407
  • Address - Street Name: Hinman
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C027
  • 4-Digit Zip Code: 1016
  • Zip Code: 14216

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $343
  • Tax Rate Code Area: 140200

    Appraisal Valuation

  • Standard Deviation: 0.2626
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 62
  • Final Value: 152,166
  • High Value: 192,131
  • Low Value: 112,201

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $58,000
  • First Open Lien Mortgage Lender: FIRST NIAGARA BANK NA
  • First Open Lien Mortgage Recording Date: May 05, 2010
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $58,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: May 05, 2040

    Market Valuation

  • Market Total Value: $94,286
  • Market Land Value: $7,000
  • Market Improvement Value: $87,286

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $66,000
  • Assessed Land Value: $4,900
  • Assessed Improvements Value: $61,100

About Riverside



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$825 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 407 Hinman located in?
The 407 Hinman is a multifamily located in the neighborhood of Military in Riverside, Buffalo.
What is the average sales price for listings in 407 Hinman?
The average sales price for units in 407 Hinman is $0 currently.

Quantcast