Erie County  »  14221  »  Farber Lakes Dr  »  551 Farber Lakes Dr

551 Farber Lakes Drive, Buffalo, NY 14221 - Property report

Also known as: 551 Farber Lakes Dr

Property image for 551 Farber Lakes Drive, Buffalo, NY 14221
static Mapbox map

Property type

Office Building (SCILSO)

Year built

1987

Acreage

1

Sale price

$600,000

General information

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Address
Primary address
551 Farber Lakes Drive
ZIP code
14221
County
Erie
Parcel ID
69.140-5-7.200

Owner

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Sales
Sale date
12/19/2014
Sale price
$600,000
Arm's length
Tax
Tax year
2025-2026
Current property tax
$25,831
Building
Property type
Office Building
Building sq. ft.
8214
Buildings on lot
1
Stories
2
Story height
Year built
1987
Last altered
2010
AC coverage
Units
0
Lot
Total sq. ft.
8,214
Acreage
1
Frontage
190 ft
Depth
230 ft
Water
Comm/public
Sewer
Comm/public

Area overview

Walk score
45 /100.  Car-Dependent
Transit score
0 /100.  Minimal Transit
Bike score
46 /100.  Somewhat Bikeable
School district
142203

View more such as transportation, nearby schools and risk designations.

Ownership information for 551 Farber Lakes Drive, Buffalo, NY

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 551 Farber Lakes Drive, Buffalo, NY 14221

Sale date Sale price Buyer name Seller name
12/19/2014 $600,000 XXXX XXXXXX XXX XXXXXXXXX XXXXXXX X
12/18/2014 $546,207 XXXXXXXXX XXXXXXX XXXXXXXXXX XXXX XXXXX XXX XXX XXX, XXX
12/07/2012 $600,000 XXXXXXXXXX XXXX XXXXX XXX XXX XXX, XXX XXXXXXXXX XXXXXXX X

*Most recent sales on record for this property.

More about Erie County property records.

Title documents

Date Type Amount Party 1 Party 2
12/19/2014 - D
12/19/2014 - R
Deed
(Condominium Unit Deed)
XXXXXXXXX XXXXXXX X XXXX XXXXXX XXX
12/18/2014 - D
12/18/2014 - R
Deed XXXXXXXXXX XXXX XXXXX XXX XXX XXX, XXX XXXXXXXXX XXXXXXX
12/07/2012 - D
12/07/2012 - R
Deed XXXXXXXXX XXXXXXX X XXXXXXXXXX XXXX XXXXX XXX XXX XXX, XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 551 Farber Lakes Drive, Buffalo, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$25,831
Recent tax assessments
Market value
$1,515,200
Land value
$275,000
Building value
$1,240,200
Assessed value
$1,500,000

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Tax rate Property tax Y-o-Y change
2025 $1,500,000 $1,500,000 17.2204 $25,831 +24.50%
2024 $1,564,516 $970,000 21.39 $20,748 -12.26%
2023 $1,310,800 $970,000 24.38 $23,649 -12.21%
2022 $1,102,300 $970,000 27.77 $26,937 -2.39%
2021 $1,065,900 $970,000 28.45 $27,597 -2.13%
2020 $1,021,100 $970,000 29.07 $28,198 -2.38%
2019 $970,000 $970,000 29.78 $28,887 n/a

Permit information for 551 Farber Lakes Drive, Buffalo, NY

No recently recorded permits for this property.

Demographics by ZIP code

Total population
55,255
Median age
47.3
Average household income
$126,287
Family households
59.9%
People per household (average)
2.19
Occupied housing units
24,532
Owner-occupied units
75.0%
Median year structure built
1970
Median value mortgaged units
$338,000
Median value unmortgaged units
$313,500

Risk

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FEMA flood zones

FEMA flood zones
X

Transportation

Daily traffic map

Access the detailed traffic volume map for 551 Farber Lakes Drive, Buffalo, NY 14221 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Frequently asked questions

What is the year built for 551 Farber Lakes Drive, Buffalo, NY 14221?

The development at 551 Farber Lakes Drive, Buffalo, NY 14221 was built in 1987.

What is the market value of 551 Farber Lakes Drive, Buffalo, NY 14221?

The current market value of 551 Farber Lakes Drive, Buffalo, NY 14221 is $1,515,200.

What is the total square footage of 551 Farber Lakes Drive, Buffalo, NY 14221?

551 Farber Lakes Drive, Buffalo, NY 14221 has a total of 8,214 square feet.

What is the price per square foot for this property?

$73 per square foot is the price for 551 Farber Lakes Drive, Buffalo, NY 14221.

Disclaimer

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