4 months on rocket

58 Park St, Buffalo, NY, 14201

$700,000

Home List Price

$8,313*

Closing Credit

6 Bedrooms
4 Full Baths
4,799 SqFt
$146/SqFt
Multi

Location

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58 Park St, Buffalo$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingConcrete
Year Built1900
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
MLS #B1546093
Lot Size0.11 Acres
StatusActive

About 58 Park St

58 Park is located in Buffalo’s most diverse, eccentric, and walkable neighborhoods, (Josh) Allen-town. Located less than 1 mile from downtown Buffalo, 5 blocks to Buffalo Niagara Medical Corridor, and in the heart of the most vibrant entertainment district in the entire City of Buffalo. In 2018 the entire property was completely renovated from the roof, down to the basement, including every mechanical/plumbing/electrical system. There are (2) 2-bedroom units, and (2) 1-bedroom units and each dwelling has its own gas, electric, hot water, heat, air conditioning, and parking. The apartments feature tall ceilings, recessed lighting, stone countertops, hardwood floors, new solid wood windows, and patio/deck or balcony space. This property is one of the first AirBnB’s in the City of Buffalo with 4 years of track record, 50% 5 star reviews and a 4.5 star overall rating w/ over 750 reviews. Gross Income 2021: $96,047.01, 2022: $97,722.47, 2023: $94,597, Year-To-Date (booked earnings):$43,315. All FF&E convey with the sale, enjoy the upside in revenue with more attention to detail and more listing platform exposure as a short term rental.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1900
  • Stories: 2
  • Living Area: 4,799 SqFt

Listing Office:

  • Office Name: Iconic Real Estate
  • Office Phone: (716) 236-7644
  • Listing Agent: Ryan Burke

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Luxury Vinyl, Varies

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Parking: Concrete

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Directly on Park St, between Allen St and Virginia St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
  • Price Per SqFt: $146/SqFt

Tax Information:

  • Annual Amount: $3,461
  • 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

58 Park St vs Buffalo

135 DAYS ON ROCKET

+114 Days

$700,000

+$465K More

$146/SqFt

-$15 Less

KEY TAKEAWAY

This property is $465K more than the Median Sold Price and $15/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: #B1546093

Listing Office:

  • Office Name: Iconic Real Estate
  • Office Phone: (716) 236-7644
  • Listing Agent: Ryan Burke

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: 11/21/2024, 6:20:49 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

Sep 10, 2018Home Sold
$550,000
Aug 24, 2015Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,461$495,000
2019$3,346$90,000
2018$3,199$90,000
2017$4,296$90,000

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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-387933
3
/10

  • Persistence Preparatory Academy Charter School

  • 833 Michigan Ave

  • 0.64 miles

  • Public Charter Grades KG-3

school-card-donut-387934
3
/10

  • Reach Academy Charter School

  • 115 Ash St

  • 0.79 miles

  • Public Charter Grades KG-4

school-card-donut-387935
4
/10

  • Stanley Makowski Early Childhood Center

  • 1095 Jefferson Ave

  • 1.24 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,819. Most Buffalo, NY residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Erie County›Buffalo›14201›58 Park St

This home is located at 58 Park St in Buffalo, NY and zip code 14201 in the Allen neighborhood. This 4,799 square foot home, which was built in 1900, sits on a 0.11 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $700,000.

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. In October 2024 in Buffalo, NY there were 11.4% less homes for sale than in September 2024. Listings spent 21 days on the market in October 2024, and had a median list price of $234,919 during the same period.

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

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