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Niagara 14305
7015 Colonial Drive
$170,000
● House - Off Market

7015 Colonial Drive

Niagara, NY 14305
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,260 Ft²
$350,690
RealtyHop Estimate
94.94%
Since Jan 1, 2014
National-US
Primary Model

About This Property

Quality abounds in the very lovely & beautifully maintained home. Charming front porch, inviting foyer w/turned staircase, hardwood flrs, large living room w/FP & Fam Rm w/FP, formal dining rm, 1st flr laundry, mtnce free exterior, roof 3 yrs, replacement windows, SS appls, MBR w/bath & dressing rm, patio & shed in large yard w/vacant space behind. Close to Veteran's Park. Great space for a family.
Unit Size
2,260 Ft²
Days on Market
201 days
Land Size
0.43 acres
Price per sqft
$80
Property Type
House
Property Taxes
$0
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (NYSAMLS #B430066)

Price History

Date / Event Date Event Price
Aug 29, 2023 Sold
Premium
Sold
Jun 20, 2023 In contract -
In contract
Jun 16, 2023 Listed by Hunt Real Estate ERA $279,900
Listed by Hunt Real Estate ERA
Nov 14, 2022 Sold
Premium
Sold
Jul 27, 2022 Listed by Hunt Real Estate ERA $239,900
Listed by Hunt Real Estate ERA
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,577
  • Lot Size Depth Feet: 1,858
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,260
  • Building Area: 2,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,260
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000426
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: OAKWOOD ESTATES LOT 7015

Neighborhood

  • School District Name: Niagara-Wheatfield Central School District
  • School Tax School District: NIAGARA-WHEATFI
  • Census Tract: 022601

Zoning

  • Zoning: 02 - SINGL

Geography

  • District: 293000
  • Section: 131.12
  • Parcel: 293000 131.12-2-9
  • Block: 2
  • Lot: 9.000
  • Municipality: NIAGARA
  • Latitude: 43.1293
  • Longitude: -78.9846

    Address

  • Full Address: 7015 Colonial Dr
  • Address - House Number: 7015
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Niagara Falls
  • Carrier Code: C019
  • 4-Digit Zip Code: 1461
  • Zip Code: 14305

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $781,598
  • Tax Rate Code Area: 293001

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 64
  • Final Value: 297,469
  • High Value: 372,397
  • Low Value: 222,540

    Market Valuation

  • Market Total Value: $310,800
  • Market Land Value: $44,323
  • Market Improvement Value: $266,477

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,000
  • Assessed Land Value: $16,400
  • Assessed Improvements Value: $98,600

    Sales

  • Current Sale Contract Date: Aug 08, 2023
  • Current Sale Recording Date: Aug 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13052
  • Previous Sale Recording Date: Nov 14, 2022
  • Previous Sale Contract Date: Oct 06, 2022
  • Previous Sale Amount: $235,000
  • Previous Sale Document Type: 71
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 Niagara

Stats & Trends

Median Asking:

$224,900

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

80

Average Home Size

1974 ft²

Average Home Age

88.6 years

Currently For Sale

580 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

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NYSAMLS

Last Updated: 6 months ago
Data Source: NYSAMLSs, MLS# B430066

Frequently Asked Questions

When was property at 7015 Colonial Drive built and last sold?
The property at 7015 Colonial Drive was built in 1967 and last sold on Aug 8, 2023 for $290,000.
How much is this home worth?
The estimated value of the home located at 7015 Colonial Drive is $277,845.
What are some comparable homes to 7015 Colonial Drive?
There are currently no comparable homes to 7015 Colonial Drive.
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