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Lockport 14094
5697 Locust Street Extension
$170,000
● House - Off Market

5697 Locust Street Extension

Lockport Town, NY 14094
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,700 Ft²
$242,678
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Spacious cape in the Town of Lockport!  Walk through the front door to an enclosed mudroom with entry closet and french door.  Once inside you will find an open floor plan that includes the family room, dining area, kitchen and large living room with half bath.  Perfect for entertaining friends and family.  The family room features a fireplace and hardwood floors that extend into the dining area.  There are 2 bedrooms and 1 full bath on the first floor and 1 bedroom on the second.  The deep private backyard includes a great size deck, 2.5 car garage and a shed.  Tear off roof & driveway in 2015, updated exterior electrical, gutters, garage door.  Don't miss out on this well maintained home in a great location!
Unit Size
1,700 Ft²
Days on Market
135 days
Land Size
0.42 acres
Price per sqft
$94
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1944

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (NYSAMLS #B1131331)

Price History

Date / Event Date Event Price
Nov 9, 2018 Sold
Premium
Sold
Sep 21, 2018 Sold
Premium
Sold
Jul 4, 2018 Listed by Howard Hanna $159,900
Listed by Howard Hanna

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 768
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 18,160
  • Lot Size Depth Feet: 2,270
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,700
  • Building Area: 1,700
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,700
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STONEY ACRES SUB
  • Land Acres: 0000000416
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Lockport City School District
  • School Tax School District: LOCKPORT
  • Census Tract: 023401

Zoning

  • Zoning: R-1

Geography

  • District: 292600
  • Section: 123.14
  • Parcel: 292600 123.14-4-68
  • Block: 4
  • Lot: 68.000
  • Municipality: LOCKPORT
  • Latitude: 43.1482
  • Longitude: -78.6859

    Address

  • Full Address: 5697 Locust Street Ext
  • Address - House Number: 5697
  • Address - Street Name: Locust Street
  • Address - Suffix Type: Ext
  • State: NY
  • City Name: Lockport
  • Carrier Code: C021
  • 4-Digit Zip Code: 5928
  • Zip Code: 14094

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $548,898
  • Tax Rate Code Area: 290900

    Appraisal Valuation

  • Standard Deviation: 0.2593
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 250,523
  • High Value: 315,486
  • Low Value: 185,561

    Market Valuation

  • Market Total Value: $202,000
  • Market Land Value: $14,400
  • Market Improvement Value: $187,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $202,000
  • Assessed Land Value: $14,400
  • Assessed Improvements Value: $187,600

    Sales

  • Current Sale Contract Date: Nov 07, 2018
  • Current Sale Recording Date: Nov 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-19908
  • Previous Sale Recording Date: Sep 21, 2018
  • Previous Sale Contract Date: Sep 18, 2018
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lockport

Stats & Trends

Median Asking:

$192,000

Sale Price/ft²

$118

Below Asking

0.03%

Average Days on Market

85

Average Home Size

2524 ft²

Average Home Age

116.1 years

Currently For Sale

73 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 5834 S Transit Road, Lockport, NY, 14094

$1,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,200 ft²
5834 S Transit Road, Lockport, NY, 14094 Listing by Joseph Piracci

Rentals Near You

Click here to view more rentals in the neighborhood.
NYSAMLS

Last Updated: 5 months ago
Data Source: NYSAMLSs, MLS# B1131331

Frequently Asked Questions

When was property at 5697 Locust Street built and last sold?
The property at 5697 Locust Street was built in 1944 and last sold on Nov 7, 2018 for $170,000.
How much is this home worth?
The estimated value of the home located at 5697 Locust Street is $176,401.
What are some comparable homes to 5697 Locust Street?
There are currently no comparable homes to 5697 Locust Street.
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