Check Availability
$60,000
Land - In Contract

562 3rd Street

Niagara Falls, NY 14301
bedrooms
Studio
bathrooms
0 Bath
$475
Estimated Monthly
$0
HOA / Fees
10.90%
Cap Rate

About This Property

Being sold as part of a package with the four (4) homes next door 566,568,572 & 574-3rd Street. These are a highly profitable short term vacation rentals. Exceptional opportunity for Hotel development site. Walking distance to Niagara Falls State parks and Canada.
Unit Size
-
Days on Market
-
Land Size
0.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$180
HOA Dues
-
Year Built
1910

Listed By

Louis Rizzo
Howard Hanna WNY Inc.
Last updated: 7 days ago (NYSAMLS #B1509269)

Price History

Date / Event Date Event Price
May 1, 2024 In contract -
In contract
Apr 11, 2024 Relisted $60,000
Relisted
Feb 8, 2024 In contract -
In contract
Nov 8, 2023 Listed by Howard Hanna WNY Inc. $60,000
Listed by Howard Hanna WNY Inc.
Jan 27, 2023 Sold $54,500
Sold
Show More

Property Highlights

Exterior Details

Property Information

Road Frontage Type: CityStreet

Building Information

Other Structures: None

Lot Information

AdjacentToPublicLand, Other, SeeRemarks, Level
Lot Size Dimensions: 44X132
Lot Size Acres: 0.1333
Lot Size Square Feet: 5808

Land Information

Land Assessed Value: $0
Financial Details
Tax Assessed Value: $43,600
Tax Annual Amount: $2,160

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Basement Area: 1,962
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,808
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 440
  • Total Building Area: 4,294
  • Gross Building Area: 4,294
  • Building Area: 4,294
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,256
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Land Acres: 0.133
  • Legal Description 1: TM 18 BL I LOT N.PT 79 411

Ownership

  • Current Owner : NIAGARA WANDERLUSTING INC
  • Previous Owner : CITY OF NIAGARA FALLS
  • Owner Before Previous Owner: DEDOMENICO FRANCIS D
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Niagara Falls City School District
  • School Tax School District: NIAGARA FALLS
  • Census Tract: 021100

Zoning

  • Zoning: D2-B

Geography

  • Account Number: 07/0362.
  • District: 291100
  • Section: 159.21
  • Parcel: 291100 159.21-1-61
  • Block: 1
  • Lot: 61.000
  • Municipality: NIAGARA FALLS
  • Latitude: 43.0924
  • Longitude: -79.0598

    Address

  • Full Address: 562 3rd St
  • Address - House Number: 562
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: NY
  • City Name: Niagara Falls
  • Carrier Code: C055
  • 4-Digit Zip Code: 1038
  • Zip Code: 14301

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,265
  • Tax Rate Code Area: 291100

    Appraisal Valuation

  • Standard Deviation: 0.459
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 8
  • Final Value: 607,394
  • High Value: 886,217
  • Low Value: 328,570

    Market Valuation

  • Market Total Value: $13,500
  • Market Land Value: $13,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,300
  • Assessed Land Value: $7,300

    Sales

  • Current Sale Contract Date: Jan 13, 2023
  • Current Sale Recording Date: Jan 27, 2023
  • Current Sale Transaction ID: 11901530047
  • Current Sale Price: $54,500
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 1370
  • Previous Sale Recording Date: May 04, 2022
  • Previous Sale Contract Date: May 01, 2022
  • Previous Sale Amount: $27,500
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$65,000 Nov 4, 2022
$65,000 Feb 22, 2023
$151/mo
House
3 Beds
1 Bath
-
$76,000 Aug 29, 2022
$76,000 Feb 7, 2023
$112/mo
House
2 Beds
1 Bath
-
$42,000 Jun 11, 2023
$42,000 Jul 25, 2023
$67/mo
House
4 Beds
2 Baths
-
$64,000 Feb 16, 2023
$64,000 Jun 21, 2023
$152/mo
In Contract
House
3 Beds
1 Bath
-
$64,900 Mar 6, 2024
-
$110/mo
Multifamily
4 Beds
2 Baths
-
$63,000 Mar 28, 2024
-
$91/mo
House
4 Beds
1 Bath
-
$50,000 Mar 4, 2024
-
$71/mo

About East Side


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Frequently Asked Questions

When was property at 562 3rd Street built and last sold?
The property at 562 3rd Street was built in 1910 and last sold on Jan 13, 2023 for $54,500.
How much is this home worth?
The estimated value of the home located at 562 3rd Street is $60,600.
What are some comparable homes to 562 3rd Street?
Homes that are comparable to 562 3rd Street include a multifamily property at 463 Elmwood Avenue, a house property at 811 Cedar Avenue, a multifamily property at 437 13th Street.

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