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1040 Reserve Rd APT 1, Buffalo, NY, 14224

2beds
1baths
978sqft
$109,900
$112price/sqft
$995/moest. monthly cost
$39,800/yrincome needed

About This Home

Great investment opportunity, with a very motivated Seller! This first floor, 2 bedroom, 1 bathroom condo is ready for you to make it your own. As part of the well-maintained Colonial Manor Condominiums, you can enjoy easy living year-round with lawncare, grounds and exterior maintenance, and snow-removal all taken care of as part of your monthly HOA dues, with water and cable tv also included. Kitchen comes well-equipped with refrigerator, electric stove-top/oven, exhaust hood fan, and dishwasher, with space for a small dining set. The adjacent living room gets plenty of natural daylight, with carpeting throughout, as well as in both bedrooms. Basement includes locked, private storage room, and washer & dryer in the common area shared between four units of building. Unit was professionally cleaned July 2026. All you have to do is move right in!

Getting Around

36
WalkingCar-Dependent
0
TransitNo Nearby Transit
34
BikeSomewhat Bikeable

Schools

8/10
6/10
10/10
Orchard Park High SchoolGrades 9-122.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1970

Materials

  • Roof: Asphalt
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium,Apartment

Interior

Appliances

  • Appliances included: Dishwasher,Electric Cooktop,Exhaust Fan,Gas Water Heater,Refrigerator,Range Hood

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom1

  • Level: First
  • Dimensions: 15.41 x 9.90

Bedroom2

  • Level: First
  • Dimensions: 12.67 x 9.90

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Family Room

  • Level: First
  • Dimensions: 15.25 x 13.25

Features

  • Ceiling Fan(s),Eat-in Kitchen,Other,See Remarks
  • Flooring: Carpet,Laminate,Varies

Heating & Cooling

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

Interior Area

  • Total structure area: 978
  • Total interior livable area: 978 sqft

Kitchen

  • Level: First
  • Dimensions: 15.25 x 10.58

Property

Details

  • Parcel number: 1468001441900001001000J1
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 435.60 sqft
  • Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 33 x 30

Parking

  • Parking features: No Garage,Open
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Erie County and New York

Flood
Severe Storm
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $555$6,660
Home Insurance *$37$444
Property Taxes $157$1,884
Electricity $246$2,954
Total$995$11,940
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,114/yr
40% on housing$29,850/yr
45% on housing$26,533/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.9%
-0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$112This listing

vs Other Active Listings

Avg $/sqft

ZIP 14224$162
Erie County$156

vs Homes Sold Last Month

Median $/sqft

ZIP 14224$198
Erie County$190

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-22Listed for sale$109,900

For Sale by Agent

AgentJessica Reed
BrokerageWNY Metro Roberts Realty

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