4 months on rocket

547 Potomac Ave, Buffalo, NY, 14222

$899,900

Home List Price

$10,000*

Closing Credit

5 Bedrooms
0 Baths
5,838 SqFt
$154/SqFt
House

Location

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547 Potomac Ave, Buffalo$899,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOne Space, No Garage
Year Built1890
HeatingNatural Gas, Forced Air
BasementYes
MLS #B1537815
Lot Size0.18 Acres
StatusActive

About 547 Potomac Ave

Are you considering incorporating a long-term investment into your real estate portfolio? This recently updated apartment building located at 547 Potomac has distinguished character, charm, and a prime location just steps away from one of Buffalo, New York's most sought-after walkable neighborhoods. The property has undergone significant enhancements in recent years, including renovated kitchens and bathrooms, a newer roof, driveway, multiple new windows, and more. Constructed in the late 1800s, the property features period moldings, separate electric meters, off-street parking, a full basement equipped with coin-operated laundry facilities, security cameras, and a mix of studio, one-bedroom, and two-bedroom apartments. Each apartment offers unique features that consistently attract interested applicants, ensuring minimal vacancies. Furthermore, each unit comes with a designated parking spot, providing added convenience. This promising investment opportunity is truly plug and play

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Stories: 3
  • Living Area: 5,838 SqFt

Listing Office:

  • Office Name: Park Realty of WNY LLC
  • Office Email: ToddVanderlip@gmail.com
  • Listing Agent: Todd D Vanderlip

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Varies, Vinyl
  • Interior: Natural Woodwork

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Blacktop Driveway

Parking Information:

  • Parking: One Space, No Garage

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Richmond to Potomac towards Elmwood. Right hand side near Ashland.

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,900
  • Price Per SqFt: $154/SqFt

Tax Information:

  • Annual Amount: $5,384
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Buffalo, NY.

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Buffalo, NY

City

Med. Sold Price

$234.9K

Med. Price/SqFt

$160

Avg. Days On Market

21

# of Sold Homes

373

547 Potomac Ave vs Buffalo

134 DAYS ON ROCKET

+113 Days

$899,900

+$664.9K More

$154/SqFt

-$7 Less

KEY TAKEAWAY

This property is $664.9K more than the Median Sold Price and $7/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: #B1537815

Listing Office:

  • Office Name: Park Realty of WNY LLC
  • Office Email: ToddVanderlip@gmail.com
  • Listing Agent: Todd D Vanderlip

IDXThe 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: 11/5/2024, 3:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 31, 2017Home Sold
$648,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,384$455,000
2019$5,206$140,000
2018$4,976$140,000
2017$4,685$140,000

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,764

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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

school-card-donut-2054056
3
/10

  • International School

  • 141 Hoyt St

  • 0.49 miles

  • Public District Grades PK-6

school-card-donut-2054057
5
/10

  • West Buffalo Charter School

  • 113 Lafayette Ave

  • 0.85 miles

  • Public Charter Grades KG-3

school-card-donut-2054058
1
/10

  • PS 17

  • 1045 W Delavan Ave

  • 0.95 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,531. Typical income of Buffalo, NY residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 547 Potomac Ave

What is the listing price of this property?

The listing price of 547 Potomac Ave property is $899,900.

What type of property is this?

The property 547 Potomac Ave is a house located in Buffalo, New York, 14222.

Is this property for sale now?

Active Listing: 547 Potomac Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,384 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 31, 2017 for $648,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 547 Potomac Ave has 5 bedrooms.

What is the square footage of this property?

The property 547 Potomac Ave is 5,838 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 547 Potomac Ave is 1890.

Rocket Homes›New York›Erie County›Buffalo›14222›547 Potomac Ave

This home is located at 547 Potomac Ave in Buffalo, NY and zip code 14222 in the Forest neighborhood. This 5,838 square foot home, which was built in 1890, sits on a 0.18 acre lot. Features: 5 bedrooms. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $899,900.

Over 238 listings were sold over their listed price in October 2024 in Buffalo, NY. In the same period over 109 listings were sold below the listed price and 26 listings were sold for the listed price. The inventory of homes for sale in Buffalo, NY between September 2024 and October 2024 decreased by 11.4%. The median list price of listings available in October 2024 was $234,919, while the average time on the real estate market was 21 days.

From Rocket Homes Real Estate and based on county public records data.

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