Got a property under contract in Buffalo 14213

Got a property under contract in Buffalo 14213

Muhammad DayyanPro Member
Wholesaler · Buffalo, NY · Member since 2026 · 2 posts · 0 votes

3 bed | 2 bath | 1434 sqft | built in 1900
House next door has been sold for 415k (comes with an extra lot)

ARV = 350k
Rehab = 110k-120k
Asking = 90k

Vacant

Comps

Address

Sale Price

Bed

Bath

Sq ft

Distance

Sold

Match

This Property (Subject Property)

$90,000

3

2

1,434

—

—

—

19 Lawrence Pl, Buffalo, NY 14213

$365,000

2

2

1,242

0.2 mi

Jun 2026

8/10

492 Connecticut St, Buffalo, NY 14213

$315,000

3

2

1,386

0.3 mi

Jun 2026

10/10

373 Rhode Island St, Buffalo, NY 14213

$415,000

3

2

1,594

0.0 mi

Sep 2026

10/10

22 S Putnam St, Buffalo, NY 14213

$361,000

3

2

1,548

0.4 mi

Jul 2026

10/10

380 Summer St, Buffalo, NY 14213

$380,000

2

2

1,338

0.5 mi

Aug 2026

9/10


Property Condition

Electrical Fair

Roof Good (metal roof 8 years old)

HVAC needs to be replaced

Plumbing Fair

Foundation Fair

Windows & Doors need to be replaced

Flooring needs to be replaced


Comment below for comps, images, and other information

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  • Realtor · New York, NY · Member since 2019 · 39 posts · 11 votes
    1d

    On paper the spread is there — $90K ask plus $110-120K rehab puts a buyer around $200-210K all-in against a $350K ARV. But that spread is exactly why serious buyers will dig before they bite, so here's what a real Buffalo buyer needs to see:

    1. The comp problem: the house next door sold for $415K, but it 'comes with an extra lot.' If your ARV is $350K, show the 3-4 sold comps in 14213 that support it — same bed/bath count, similar square footage, ideally within half a mile and in the last 6 months. Buyers will throw out the $415K sale if the extra lot is what's carrying it.

    2. The rehab number: $110-120K on a house built in 1900 is the whole deal. Roof, foundation, electrical, heating, sewer line — at that age, buyers assume the big-ticket items are in that budget. An itemized contractor scope, or at least photos of the systems, will do more for your sale than the headline ARV.

    3. The basics nobody can see yet: Is it vacant or occupied? Is your contract assignable, and what's your closing deadline? What are the taxes? Can buyers walk it, and when?

    Put that in a one-page packet with interior photos and this moves a lot faster. When the rehab is bigger than the purchase price, the buyer is really buying your paperwork — the cleaner it is, the closer you get to your ask.

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