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531 Lisbon Avenue

531 Lisbon Avenue, Buffalo, NY 14215
House in Kensington
Sold Oct 15, 2020
$71,000
Sold Aug 29, 2017
$51,000
$40,800 by 1st Priority Mortgage Inc
Mortgage Due Sep 01, 2042
Local assessors in Buffalo, NY have categorized 531 Lisbon Avenue as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 3,270 square feet. The linear feet between the front and back of the lot was measured at 1,090 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, 3 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 is one full bathroom. There is also a partial bathroom. 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 531 Lisbon Avenue has a total of 1,398 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. 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 rock and stone 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. The property was last sold in Oct 3, 2020 for $71,000. That's $50.79 per sqft. Prior to that sales transaction, the property was also sold in Jul 31, 2017 for $51,000. 531 Lisbon Avenue was last assessed in 2023. The total value of the property was assessed at $54,000. Specifically, the land the property is located on was valued at $4,200. While improvements on the property were assessed at a total of $49,800. 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 $281. The initial tax year of delinquency was in 2023. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Rock and stone
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,270
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,398
  • Building Area: 1,398
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,398
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLAND LAND COMPANYS SURVEY
  • Land Acres: 0.075
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 425. W ORLEANS

Ownership

  • Current Owner : SHAJAHAN MOHAMMED
  • Current Owner 2: BEGUM SHAHANA
  • Previous Owner : LEI KAI KENG
  • Owner Before Previous Owner: KWEB PROPERTIES LLC
  • 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: 004300

Zoning

  • Zoning: N-3R

Geography

  • Account Number: 08081600
  • District: 140200
  • Section: 79.740
  • Parcel: 140200 79.74-8-4
  • Block: 8
  • Lot: 4.000
  • Municipality: BUFFALO
  • Latitude: 42.9465
  • Longitude: -78.8087

    Address

  • Full Address: 531 Lisbon Ave
  • Address - House Number: 531
  • Address - Street Name: Lisbon
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Buffalo
  • Carrier Code: C023
  • 4-Digit Zip Code: 1211
  • Zip Code: 14215

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $281
  • Intital Tax Deliquent Year: 2023
  • Tax Rate Code Area: 140200

    Appraisal Valuation

  • Standard Deviation: 0.2663
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 62
  • Final Value: 126,846
  • High Value: 160,633
  • Low Value: 93,060

    Market Valuation

  • Market Total Value: $77,143
  • Market Land Value: $6,000
  • Market Improvement Value: $71,143

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,000
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $49,800

    Sales

  • Current Sale Contract Date: Oct 03, 2020
  • Current Sale Recording Date: Oct 15, 2020
  • Current Sale Transaction ID: 11802275686
  • Current Sale Price: $71,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020175214
  • Previous Sale Recording Date: Aug 29, 2017
  • Previous Sale Contract Date: Jul 31, 2017
  • Previous Sale Amount: $51,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: 1ST PRIORITY MORTGAGE INC
  • Previous Mortgage Transaction Date: Aug 29, 2017
  • Previous Mortgage Loan Amount: $40,800
  • Previous Mortgage Term: 300
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2042

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Frequently Asked Questions

What neighborhood is 531 Lisbon Avenue located in?
The 531 Lisbon Avenue is a house located in the neighborhood of Kensington in North East, Buffalo.
What is the average sales price for listings in 531 Lisbon Avenue?
The average sales price for units in 531 Lisbon Avenue is $0 currently.

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