50 Lake Avenue

50 Lake Avenue has been categorized by the local assessors in Buffalo, NY as a commercial type of property. The building on the property was first built in 1950 and is 74 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 50 Lake Avenue has 604 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 1,150 ft and across the front of the lot is 350 ft. The area measurement of the land has been determined as 4,025 square feet.

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 660 sqft. According to our sources, there are a total of 2 available parking spaces. 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. 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. According to our sources, 50 Lake Avenue sold most recently in Jun 6, 2019 for a total of $45,000. If you work out the math, that's approximately a cost of $74.50 per sqft. Before that, the property was also sold for $45,000 in May 9, 2018. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 50 Lake Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $25,000. If we break it down further, the land itself was valued at $7,000. Improvements to the property, however, were assessed at a total of $18,000. 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.