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Back 40 Newell Ave
Off Market

40 Newell Ave

Lancaster NY 14086

2484 sq. ft.
5135 sq. ft.
Multi-Family
Last sold for $85,000
Jean A. MandersJean A. Manders, last sold this property on 23 May 2023 after 101 days on market.

Overview

Opportunity knocks with this Village of Lancaster 2 unit, each unit consists of 3 bedrooms and 1 full bath. The interior is in need of total rehab, most rooms have been taken down to the studs so it's ready for finishing. This is part of a 2-structure sale (both are priced at $90,000/each, not $90,000 combined), the other multi-unit is next door at 38 Newell Ave. The properties will only be sold as a pair, cash sale only with proof of funds required with all offers. Showings start at noon on 2/10/2023 with offers due by 4PM on Monday, 2/13/2023. This is an exceptional opportunity for an investor, owner-occupied, etc. with outstanding income potential. Plenty of off-street parking on the large new cement driveway/parking pad. Location, location, location!!!!

Features

2484 sq. ft. floor area
5135 sq. ft. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Lancaster over the last 12 months, the estimated median property value of 40 Newell Ave is $310k.

Median value
$310k
Estimated value range
$130k - $755k
Median days on market
21
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Lancaster. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 40 Newell Ave

2023
Sold
$85,000
23 May 2023 by Jean A. Manders, of KELLER WILLIAMS REALTY WNY

Happy sellers in Lancaster

100%
100% of sellers in Lancaster reported that their sale price either exceeded or met their price expectations.

Lancaster stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Lancaster over the last 12 months.

Local market activity for multi families in Lancaster

In the last 12 months, 10 multi families similar to 40 Newell Ave, have been sold.

This represents a 25% increase in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lancaster

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Ashley Hansen

Ashley Hansen is a recommended agent for Lancaster.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (11 reviews)
  •  2 Reviews in Lancaster
  •  1 Sale in Lancaster
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Nicholas Casillo

Nicholas Casillo is a recommended agent for Lancaster.  They have 5 local sales and collected 1 local review across the last 12 months.

  •   5   (8 reviews)
  •  1 Review in Lancaster
  •  5 Sales in Lancaster
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Sharleen Scholz

Sharleen Scholz is a recommended agent for Lancaster.  They have 5 local sales and collected 1 local review across the last 12 months.

  •   5   (18 reviews)
  •  1 Review in Lancaster
  •  5 Sales in Lancaster
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Barbara Hoddick

Barbara Hoddick is a recommended agent for Lancaster.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Lancaster
  •  3 Sales in Lancaster
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