Last Sold Price
14,194 sqft$31/sqft
507 W Center St, Ridgeway, NY 14103

Description

This 14 unit has an average cap rate of 13%. Known as VILLA LA BELLA includes three (3) mostly maintenance free buildings on one lot 251 x 158 with plenty of parking including a 2.5 car garage. The main building and the carriage house were built in 1900 and have been well maintained offering many updates and modern amenities. The town houses were built in 1978 and offer 2 bedrooms, 1.5 baths and private patios. This is the turn key opportunity with a low vacancy history that you have been waiting...This 14 unit has an average cap rate of 13%. Known as VILLA LA BELLA includes three (3) mostly maintenance free buildings on one lot 251 x 158 with plenty of parking including a 2.5 car garage. The main building and the carriage house were built in 1900 and have been well maintained offering many updates and modern amenities. The town houses were built in 1978 and offer 2 bedrooms, 1.5 baths and private patios. This is the turn key opportunity with a low vacancy history that you have been waiting for. This property can also be purchased as part of a package to include additional 37 units in Lockport ml#b11138944 known as 195 Locust) . Not included in certificate of occupancy is possible 15th unit, call for details
LISTING CLOSED: 04/01/2019 12:00 AM

  1. Listed by Karen P. Loffredo • Hunt Real Estate ERA
    P: (716) 834-5400 C: (716) 578-9005 karen.loffredo@huntrealestate.com

Property Details for 507 West Center Street

Status
MLS #
B1138899
Days on Market
58
Taxes
$19,039 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family / Other
Year Built
1978
Lot Size
0.92 AC / 39,866 SF
Waterfront Description
Other, See Remarks
On Waterfront
No
Parking Description
Three Or More Spaces
Nearest Cross Street
Ann

Recent comparable sales

Median sold price

$433,000

Avg days on market

421

Sale-to-list ratio

75.5%

[Ridgeway, NY]

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Location

Listing Courtesy of Hunt Real Estate ERA

Sold By REALTY EDGE Inc.

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Building Information for 507 West Center Street

Stories2Residences14Year Built1978Building Size-Lot Size0.92 AC / 39,866 SF

Payment Calculator

$3,823 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,236

Property Taxes

$1,587

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 507 West Center Street

Summary
Location and General Information
  • Elementary School District: Medina
  • High School Name: Medina High
  • High School District: Medina
  • Middle School Name: Clifford Wise Middle
  • Middle Or Junior School District: Medina
  • Village: Medina-Village
  • Human YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Medina Village-Ridgeway-343401
  • Tax Annual Amount: $19,039.00
Property
Lot Information
  • Building Area Total: 14194.0
  • Land Features: Other, Rectangular, Rectangular Lot, Residential Lot, See Remarks
  • Num Of Acres: 0.9152
  • Lot Size Area: 0.9152
  • Lot Size Square Feet: 39866.0
  • Lot Size Units: Acres
  • Parcel Number: 343401-079-012-0003-036-000
  • Road Frontage: City Street
  • Lot Number: 36
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $322,000
  • Year Built: 1978
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 15
  • Num Of Gas Meters: 1
  • Sewer Description: Connected
  • Utilities Available: Cable Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Laundry Facilities
  • Construction Materials: Brick, Frame, Vinyl Siding
  • Exterior Features: Blacktop Driveway, Concrete Driveway, Patio
  • Foundation Description: Slab
  • Patio And Porch Features: Patio
  • Roof Description: Asphalt, Membrane, Rubber
Interior Features
  • Appliances: Dryer, Electric Water Heater, Gas Water Heater, See Remarks, Washer
  • Basement Description: Full
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Ceramic Tile, Hardwood, Laminate, Varies, Vinyl
  • Furnished: Unfurnished
  • Heating: Electric, Baseboard
  • Heating YN: Yes
  • Laundry Features: Coin Operated
  • Levels: Two
  • Sq Ft Total: 14194.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $99,180.00
  • Net Operating Income: $80,141.00
  • Number Of Units Total: 14
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Common Area Maintenance, Other, See Remarks, Snow Removal, Trash Collection, Water
  • Tenant Pays: All Utilities

Property History for 507 West Center Street

DateEvent & SourcePriceAppreciation
Apr 1, 2019

Sold

WNYREIS #B1138899

$440,000
Apr 1, 2019

Sold

New York State Alliance of MLSs (Buffalo) #B1138899

$440,000
Sep 30, 2018

Pending

WNYREIS #B1138899

DateEvent & SourcePrice
04/01/2019

Sold

WNYREIS #B1138899

$440,000
04/01/2019

Sold

New York State Alliance of MLSs (Buffalo) #B1138899

$440,000
09/30/2018

Pending

WNYREIS #B1138899

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 507 West Center Street

Taxable ValueLand$19,200Additions$334,400Total$353,600
Tax Record2025$14,382 ($1,198 / month)
Home Facts
Total Finished SqFt8,522 SqFtAbove Grade Finished SqFt8,522 SqFtStories2Lot Size39,859 SqFtStyleMulti-Family Res (5+ Units)Year Built1980Zoning07 - MIXEDCountyORLEANSAPN343401 79.12-3-36

Schools near 507 West Center Street

This home is within Medina Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 6
Public - 7 to 12
Private - K to 12
Rating
School
Distance
Oak Orchard School
PublicPK to 2

Clifford Wise Middle School
Public3 to 6

Medina High School
Public7 to 12

Orleans County Christian School
PrivateK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 507 West Center Street, Ridgeway, NY 14103
$440,000
14,194
39,866
4
2
3,372
11,988
$45,100
4
2,772
9,583
$45,100
5
2,772
9,537
$230,000
6
3,439
27,136
$175,000
4
3,098
19,602

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Hunt Real Estate ERA

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.