Residents of Buffalo, NY typically earn $200k+ each year. Most families are single, no kids. The majority of residents in this area have no high school education.
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15 days on rocket
Sale Pending
505 Ridge Rd Unit 503, Lackawanna, NY, 14218
$209,000
Home List Price
$2,482*
Closing Credit
6 Bedrooms
3 Full Baths
3,276 SqFt
$64/SqFt
Multi
Schools Nearby
Location
505 Ridge Rd Unit 503, Buffalo$209,000
Buyer Closing Credits
$2,482*
1.25% Loan Amount
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1 (855) 200-2001Property Highlights
Home TypeMulti Family
ParkingNo Driveway
Year Built1910
HeatingNatural Gas, Forced Air
BasementYes
MLS #B1532161
Lot Size0.10 Acres
StatusSale Pending
(Pending)
(Pending)
About 505 Ridge Rd Unit 503
3-unit money maker with potential to bring in over $3,100 per month in rent plus coin operated laundry. Existing 2 tenants plan to stay and HUGE vacant 3br upper apartment with estimated market value $1,350 - $1,400 could easily be the owners unit! 2nd floor upper apartment boasts finished 3rd story living space that essentially doubles the size of the unit. Lower front unit has already signed lease renewal for increase from $775 to $805 per month beginning 5/1/2024. Lower rear leased through 9/30/2024. With some creativity the basement could be turned into an additional rental unit with separate entrance. An easy addition to any portfolio with professional management already in place. Located near bus route and minutes from major highways!
Property Details
Property Features
Property Information:
- Architectural Style: Triplex
- Year Built: 1910
- Stories: 3
- Living Area: 3,276 SqFt
Listing Office:
- Office Name: Nichol City Realty
- Office Phone: (716) 609-4075
- Listing Agent: Christopher J Lofstrand
Interior Features
Interior Information:
- Appliances: Electric Water Heater, Gas Water Heater
- Basement: Yes
- Flooring Type: Laminate, Varies, Vinyl
- Interior: Attic, Programmable Thermostat
Bedroom and Bathroom Information:
- Full Bathrooms: 3
- Total Bedroom Count: 6
Exterior Features
Exterior Information:
- Exterior: Awning(s), Deck, Fence
Parking Information:
- Parking: No Driveway
Lot Features
Lot Information:
- Lot: Near Public Transit
- Lot Size: 0.10 Acres
Utilities
Utilities Information:
- Heating: Natural Gas, Forced Air
Other
Directions Information:
- Directions: Ridge Rd and Center St intersection. Across from public parking lot and baseball field
Price Information
Listing Price Info
Price Summary:
- List Price: $209,000
- Price Per SqFt: $64/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Buffalo, NY.
City
Med. Sold Price
$229.9K
Med. Price/SqFt
$156
Avg. Days On Market
22
# of Sold Homes
254
505 Ridge Rd Unit 503 vs Buffalo
15 DAYS ON ROCKET
-7 Days
$209,000
-$20.9K Less
$64/SqFt
-$93 Less
KEY TAKEAWAY
This property is $20.9K less than the Median Sold Price and $93/SqFt less than other homes in Buffalo, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
- MLS Name: NYS
- MLS Number: #B1532161
Listing Office:
- Office Name: Nichol City Realty
- Office Phone: (716) 609-4075
- Listing Agent: Christopher J Lofstrand
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.
© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/2/2024, 5:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Nearby Schools
4
/10
Martin Road Elementary School
135 Martin Rd
Distance between this listing and this school1.15 miles
Public District Grades 3-6
6
/10
Blasdell Elementary School
3780 S Park Ave
Distance between this listing and this school2.20 miles
Public District Grades PK-5
3
/10
Winchester Elementary School
650 Harlem Rd
Distance between this listing and this school3.32 miles
Public District Grades KG-5
Neighborhood
What Are The Neighbors Like?
Rocket Homes›New York›Erie County›Buffalo›14218›505 Ridge Rd Unit 503
This home is located at 505 Ridge Rd Unit 503 in Lackawanna, NY and zip code 14218. This 3,276 square foot home, which was built in 1910, sits on a 0.10 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $209,000.
Buffalo, NY housing market in April 2024 saw over 167 listings sold above listed price, more than 13 sold at listed price and over 74 sold below. In April 2024 in Buffalo, NY there were 2.6% less homes for sale than in March 2024. Listings spent 22 days on the market in April 2024, and had a median list price of $229,939 during the same period.
From Rocket Homes Real Estate and based on county public records data.