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492 Pearl Street

492 Pearl Street, Buffalo, NY 14202
1 Units For Sale
Unit for sale at 492 Pearl Street, Buffalo, NY 14202

$950,000

  • Commercial
492 Pearl Street, Buffalo, NY 14202 Listing by Nicholas Giambra

492 Pearl Street in Buffalo, NY was first built in 1900 and is 124 years old. This has been categorized as a commercial property type. There are a total of 2 floors. The linear feet across the front of the lot is 301 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 3,462 square feet.

Learn more about the property and building on this page. 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. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing oil. The property was last sold in May 21, 2019 for $721,000. That's $179.94 per sqft. Prior to that sales transaction, the property was also sold in Oct 14, 2008 for $538,000. 492 Pearl Street was last assessed in 2023. The total value of the property was assessed at $400,000. Specifically, the land the property is located on was valued at $38,300. While improvements on the property were assessed at a total of $361,700. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,079. 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.

Building Features

Parking

Parking Available
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180906
09/06/2018
Studio
-
7291 ft²
$795,000
bedrooms
Studio
bathrooms
-
square feet
7291 ft²
$721,000 -9.31%
05/24/2019
-
Joseph Jacobi Jr.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C+
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 3,284
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,462
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 301
  • Total Building Area: 4,007
  • Gross Building Area: 4,007
  • Building Area: 4,007
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Land Acres: 0.079
  • Standard Land Use Code: Restaurant
  • Legal Description 1: 268. S TUPPER

Ownership

  • Current Owner : 492 PEARL STREET INC
  • Previous Owner : 492 PEARL PROPERTY COMPANY LLC
  • Owner Before Previous Owner: FORNESS PROPERTIES LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Feb 15, 2024

Neighborhood

  • School District Name: Buffalo City School District
  • School Tax School District: BUFFALO
  • Census Tract: 016500

Zoning

  • Zoning: N-1C

Geography

  • Account Number: 01620600
  • District: 140200
  • Section: 111.300
  • Parcel: 140200 111.30-6-19
  • Block: 6
  • Lot: 19.000
  • Municipality: BUFFALO
  • Latitude: 42.8928
  • Longitude: -78.8737

    Address

  • Full Address: 492 Pearl St
  • Address - House Number: 492
  • Address - Street Name: Pearl
  • Address - Suffix Type: St
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C028
  • 4-Digit Zip Code: 1904
  • Zip Code: 14202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,079
  • Tax Rate Code Area: 140200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $900,000
  • First Open Lien Mortgage Lender: VVMM LIMITED LIABILITY COMPANY
  • First Open Lien Mortgage Recording Date: May 24, 2019
  • First Open Lien Mortgage Loan Amount: $900,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: May 24, 2049

    Market Valuation

  • Market Total Value: $571,429
  • Market Land Value: $54,714
  • Market Improvement Value: $516,715

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $400,000
  • Assessed Land Value: $38,300
  • Assessed Improvements Value: $361,700

    Sales

  • Current Sale Contract Date: May 21, 2019
  • Current Sale Recording Date: May 24, 2019
  • Current Sale Transaction ID: 11619578767
  • Current Sale Price: $721,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 2019103206
  • Previous Sale Recording Date: Oct 15, 2008
  • Previous Sale Contract Date: Oct 14, 2008
  • Previous Sale Amount: $538,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VVMM LIMITED LIABILITY COMPANY
  • First Mortgage Transaction Date: May 24, 2019
  • First Mortgage Loan Amount: $900,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: FORNESS PROPERTIES LLC
  • Previous Mortgage Transaction Date: Oct 15, 2008
  • Previous Mortgage Loan Amount: $475,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Jan 01, 2024

About Central Buffalo



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Frequently Asked Questions

What neighborhood is 492 Pearl Street located in?
The 492 Pearl Street is a other located in the neighborhood of Central Business District in Central Buffalo, Buffalo.
How many listings are currently for sale in 492 Pearl Street?
There is a listing currently on the market for sale.
What is the average sales price for listings in 492 Pearl Street?
The average sales price for units in 492 Pearl Street is $795,000 , or $109/sqft. currently.

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