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511 Hinman

511 Hinman, Buffalo, NY 14216
Multifamily in Military
Sold May 14, 2020
$150,000
$144,993 by Bank Of America Na
Mortgage Due Jun 01, 2050
Sold Aug 15, 2019
$65,000
Local assessors in Buffalo, NY have categorized 511 Hinman as a residential type of property. The home was built in 1927 and is 97 years old. The property's lot size has been calculated to be 2,700 square feet. The linear feet between the front and back of the lot was measured at 900 ft and the front of the lot was measured at 300 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 511 Hinman has a total of 1,600 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 360 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of wood were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source and it is 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, 511 Hinman sold most recently in May 9, 2020 for a total of $150,000. If you work out the math, that's approximately a cost of $93.75 per sqft. Before that, the property was also sold for $65,000 in Jun 24, 2019. 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 $270 in taxes each year. 511 Hinman was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $52,000. If we break it down further, the land itself was valued at $4,800. Improvements to the property, however, were assessed at a total of $47,200. 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. 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!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: 1927
  • Effective Year Built: 1927
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,700
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,600
  • Gross Building Area: 1,600
  • Building Area: 1,600
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,600
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLAND LAND COMPANY S SURVEY
  • Land Acres: 0.062
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 182.O5 E MILITARY

Ownership

  • Current Owner : HASON MOKHALD D
  • Current Owner 2: HASOON MOHANAD
  • Previous Owner : JORANI SALLY S
  • Owner Before Previous Owner: MARSHALL ERIC P
  • Owner Before Previous Owner 2: HOUSES R US
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants in Common

Neighborhood

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

Zoning

  • Zoning: N-3R

Geography

  • Account Number: 05574200
  • District: 140200
  • Section: 77.430
  • Parcel: 140200 77.43-4-10
  • Block: 4
  • Lot: 10.000
  • Municipality: BUFFALO
  • Latitude: 42.9568
  • Longitude: -78.8887

    Address

  • Full Address: 511 Hinman Ave
  • Address - House Number: 511
  • Address - Street Name: Hinman
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C027
  • 4-Digit Zip Code: 1020
  • Zip Code: 14216

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $270
  • Tax Rate Code Area: 140200

    Appraisal Valuation

  • Standard Deviation: 0.2569
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 63
  • Final Value: 160,546
  • High Value: 201,799
  • Low Value: 119,294

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $144,993
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: May 14, 2020
  • First Open Lien Mortgage Loan Amount: $144,993
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2050

    Market Valuation

  • Market Total Value: $74,286
  • Market Land Value: $6,857
  • Market Improvement Value: $67,429

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $52,000
  • Assessed Land Value: $4,800
  • Assessed Improvements Value: $47,200

    Sales

  • Current Sale Contract Date: May 09, 2020
  • Current Sale Recording Date: May 14, 2020
  • Current Sale Transaction ID: 11768933419
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020080794
  • Previous Sale Recording Date: Aug 15, 2019
  • Previous Sale Contract Date: Jun 24, 2019
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: May 14, 2020
  • First Mortgage Loan Amount: $144,993
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2050

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Frequently Asked Questions

What neighborhood is 511 Hinman located in?
The 511 Hinman is a multifamily located in the neighborhood of Military in Riverside, Buffalo.
What is the average sales price for listings in 511 Hinman?
The average sales price for units in 511 Hinman is $0 currently.

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