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418 Potomac Avenue

418 Potomac Avenue, Buffalo, NY 14213
Property in Forest
Sold May 22, 2020
$260,000
$247,000 by Premium Mortgage Corp
Mortgage Due Jun 01, 2050
Sold Jul 30, 2008
$96,000
$91,200 by Bank Of America Na
Mortgage Due Aug 01, 2038
418 Potomac Avenue in Buffalo, NY was first built in 1900 and is 124 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 2 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 2 full bathrooms. There are 2 partial bathrooms. 418 Potomac 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 291 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 3,915 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 a material which is produced from two or more constituent materials. As for heating, the home is utilizing a forced air unit and being fueled with oil. 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, 418 Potomac Avenue sold most recently in May 18, 2020 for a total of $260,000. If you work out the math, that's approximately a cost of $95.52 per sqft. Before that, the property was also sold for $96,000 in Jul 23, 2008. 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 $1,268 in taxes each year. 418 Potomac Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $244,000. If we break it down further, the land itself was valued at $19,200. Improvements to the property, however, were assessed at a total of $224,800. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 6
  • 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
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 3,915
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 291
  • 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: STEVENS SURVEY
  • Land Acres: 0.09
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : CHOPRA PETER R
  • Previous Owner : ASSAD JOSHUA D
  • Previous Owner 2: ASSAD JULIA M
  • Owner Before Previous Owner: STUTT MARY MARGARET
  • Owner Before Previous Owner 2: MONTESANO EDITH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Buffalo City School District
  • School Tax School District: BUFFALO
  • Census Tract: 006301

Zoning

  • Zoning: N-2R

Geography

  • Account Number: 04846400
  • District: 140200
  • Section: 88.760
  • Parcel: 140200 88.76-4-45
  • Block: 4
  • Lot: 45.000
  • Municipality: BUFFALO
  • Latitude: 42.9244
  • Longitude: -78.8839

    Address

  • Full Address: 418 Potomac Ave
  • Address - House Number: 418
  • Address - Street Name: Potomac
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C006
  • 4-Digit Zip Code: 1264
  • Zip Code: 14213

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,268
  • Tax Rate Code Area: 140200

    Appraisal Valuation

  • Standard Deviation: 0.2569
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 63
  • Final Value: 347,496
  • High Value: 436,796
  • Low Value: 258,196

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $247,000
  • First Open Lien Mortgage Lender: PREMIUM MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 22, 2020
  • First Open Lien Mortgage Loan Amount: $247,000
  • 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: Jun 01, 2050

    Market Valuation

  • Market Total Value: $348,571
  • Market Land Value: $27,429
  • Market Improvement Value: $321,142

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,000
  • Assessed Land Value: $19,200
  • Assessed Improvements Value: $224,800

    Sales

  • Current Sale Contract Date: May 18, 2020
  • Current Sale Recording Date: May 22, 2020
  • Current Sale Transaction ID: 11769007663
  • Current Sale Price: $260,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020084628
  • Previous Sale Recording Date: Jul 30, 2008
  • Previous Sale Contract Date: Jul 23, 2008
  • Previous Sale Amount: $96,000
  • Previous Sale Document Type: Other

    Last Sale Mortgage

  • First Mortgage Lender: PREMIUM MORTGAGE CORP
  • First Mortgage Transaction Date: May 22, 2020
  • First Mortgage Loan Amount: $247,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jul 30, 2008
  • Previous Mortgage Loan Amount: $91,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2038

About West Side



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Frequently Asked Questions

What neighborhood is 418 Potomac Avenue located in?
The 418 Potomac Avenue is a located in the neighborhood of Forest in West Side, Buffalo.
What is the average sales price for listings in 418 Potomac Avenue?
The average sales price for units in 418 Potomac Avenue is $0 currently.

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