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Niagara 14094
7019 Academy Lane
$90,000
● House - Off Market

7019 Academy Lane

Lockport Town, NY 14094
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,280 Ft²
$176,395
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Immaculate home in a quite residential neighborhood.  3 BR/2 full bath, needs some updates. Large rooms, galley kitchen with breakfast bar, newer furnace (2007) with central air, 2013 hot water heater, roof replaced 2005. Large fenced in backyard with concrete patio. Motivated seller.
Unit Size
1,280 Ft²
Days on Market
66 days
Land Size
0.17 acres
Price per sqft
$74
Property Type
House
Property Taxes
$0
HOA Dues
-
Year Built
1975

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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: 5 months ago (NYSAMLS #B449677)

Price History

Date / Event Date Event Price
Oct 25, 2022 Sold
Premium
Sold
Aug 24, 2022 Listed by REALTY USA WNY INC $139,900
Listed by REALTY USA WNY INC
Dec 18, 2018 Sold
Premium
Sold
Jun 26, 2014 Sold
Premium
Sold
Apr 21, 2014 Listed by REALTY USA WNY INC $94,900
Listed by REALTY USA WNY INC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 240
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,280
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CROSBY AVENUE
  • Land Acres: 0000000165
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: SUBLOT #218

Neighborhood

  • School District Name: Lockport City School District
  • School Tax School District: LOCKPORT
  • Census Tract: 023402

Geography

  • District: 292600
  • Section: 124.05
  • Parcel: 292600 124.05-5-60
  • Block: 5
  • Lot: 60.000
  • Municipality: LOCKPORT
  • Latitude: 43.1601
  • Longitude: -78.6513

    Address

  • Full Address: 7019 Academy Ln
  • Address - House Number: 7019
  • Address - Street Name: Academy
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Lockport
  • Carrier Code: C009
  • 4-Digit Zip Code: 5356
  • Zip Code: 14094

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $471,672
  • Tax Rate Code Area: 290900

    Appraisal Valuation

  • Standard Deviation: 0.459
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 8
  • Final Value: 611,727
  • High Value: 892,539
  • Low Value: 330,914

    Market Valuation

  • Market Total Value: $177,000
  • Market Land Value: $8,500
  • Market Improvement Value: $168,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,000
  • Assessed Land Value: $8,500
  • Assessed Improvements Value: $168,500

    Sales

  • Current Sale Contract Date: Oct 24, 2022
  • Current Sale Recording Date: Oct 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20931
  • Previous Sale Recording Date: Dec 18, 2018
  • Previous Sale Contract Date: Dec 16, 2018
  • Previous Sale Amount: $20,000
  • 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 Niagara

Stats & Trends

Median Asking:

$229,250

Sale Price/ft²

$158

Below Asking

0.02%

Average Days on Market

73

Average Home Size

1974 ft²

Average Home Age

91.1 years

Currently For Sale

592 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: 5 months ago
Data Source: NYSAMLSs, MLS# B449677

Frequently Asked Questions

When was property at 7019 Academy Lane built and last sold?
The property at 7019 Academy Lane was built in 1975 and last sold on Oct 24, 2022 for $177,000.
How much is this home worth?
The estimated value of the home located at 7019 Academy Lane is $142,623.
What are some comparable homes to 7019 Academy Lane?
There are currently no comparable homes to 7019 Academy Lane.
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