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Niagara 14094
7111 Ridgewood Drive
$280,000
● House - Off Market

7111 Ridgewood Drive

Lockport Town, NY 14094
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,056 Ft²
$282,234
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Spacious colonial located in desirable Nottingham Estates.  Front porch leads to a welcoming foyer.  Remodeled Kitchen features granite countertops, large island, stainless steel appliances, and a built-in window seat.  Kitchen leads to deck with hot tub overlooking large yard complete with a shed.  Additional room on 1st floor could be a home office, weight room, formal dining etc. 3 bedrooms, 2.5 bathrooms include primary bedroom with newly remodeled bathroom and two walk-in closets.  Second full bathroom has also been recently updated.   The basement includes a newer tankless hot water heater and is partially finished.
Unit Size
2,056 Ft²
Days on Market
106 days
Land Size
0.36 acres
Price per sqft
$136
Property Type
House
Property Taxes
$578
HOA Dues
-
Year Built
1965

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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 #B1389411)

Price History

Date / Event Date Event Price
Jun 3, 2022 Sold
Premium
Sold
Feb 17, 2022 Listed by Realty Suite, LLC $279,000
Listed by Realty Suite, LLC
Nov 26, 2018 Sold
Premium
Sold
Sep 29, 2018 No longer available -
No longer available
Sep 12, 2018 Price Decreased $224,900
↓ $10K (4.3%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 5
  • 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: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,616
  • Lot Size Depth Feet: 1,560
  • Lot Size Frontage Feet: 1,001
  • Total Building Area: 2,056
  • Building Area: 2,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH SIDE OF RIDGEWOOD DRIVE
  • Land Acres: 0000000358
  • 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: 023402

Geography

  • District: 292600
  • Section: 110.01
  • Parcel: 292600 110.01-2-25
  • Block: 2
  • Lot: 25.000
  • Municipality: LOCKPORT
  • Latitude: 43.1845
  • Longitude: -78.6434

    Address

  • Full Address: 7111 Ridgewood Dr
  • Address - House Number: 7111
  • Address - Street Name: Ridgewood
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Lockport
  • Carrier Code: C016
  • 4-Digit Zip Code: 1619
  • Zip Code: 14094

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $712,308
  • Tax Rate Code Area: 290900

    Appraisal Valuation

  • Standard Deviation: 0.248
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 65
  • Final Value: 310,355
  • High Value: 387,354
  • Low Value: 233,357

    Market Valuation

  • Market Total Value: $290,000
  • Market Land Value: $25,000
  • Market Improvement Value: $265,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,000
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $265,000

    Sales

  • Current Sale Contract Date: Nov 20, 2018
  • Current Sale Recording Date: Nov 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-20701
  • Previous Sale Recording Date: Sep 20, 2004
  • Previous Sale Contract Date: Sep 20, 2004
  • Previous Sale Amount: $127,000
  • 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:

$229,900

Sale Price/ft²

$158

Below Asking

0.02%

Average Days on Market

73

Average Home Size

2017 ft²

Average Home Age

93 years

Currently For Sale

909 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# B1389411

Frequently Asked Questions

When was property at 7111 Ridgewood Drive built and last sold?
The property at 7111 Ridgewood Drive was built in 1965 and last sold on Nov 20, 2018 for $215,000.
How much is this home worth?
The estimated value of the home located at 7111 Ridgewood Drive is $276,792.
What are some comparable homes to 7111 Ridgewood Drive?
There are currently no comparable homes to 7111 Ridgewood Drive.
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