Regional March 30, 2012 9:16 AM

Patrick Kane Buys Hamburg Mansion for $2.68 Million

Patrick Kane Buys Hamburg Mansion for $2.68 Million
South Buffalo's Patrick Kane just bought a 6,000 square feet, 5 bedroom, 3.5 bath mansion on Old Lakeshore Road in Hamburg. The price? A cool $2.68 million

Kane, of course, plays for the Chicago Blackhawks. Over his career, he's earned more than $30 million while scoring 123 goals in 395 games. So paying a few million for a house isn't going to be a financial burden. 

This is either the most expensive or second most expensive house purchase in Erie County ever, depending on your perspective. Michael Wilson, a 21 year old hedge fund operator from Cleveland, purchased two neighboring Hamburg homes in 2008 for a combined $6.3M ($3.3M for one house and $3.0M for the other). Those two homes were a combined 30,000 square feet and were purchased by Wilson from the heir to the Sorrento cheese fortune. 

Within a year, Wilson defaulted on the financing - John Russo, the Sorrento heir, financed the sale of the homes to Wilson - and the properties were foreclosed. So, if you count a property 'sale' that was unwound within a year, Kane's purchase is the second largest residential real estate transaction ever. If not, this is the new biggest deal. 

Patrick Kane has developed a party boy history. He was arrested after allegedly assaulting a Buffalo cab driver. Ultimately, Kane apologized for the incident, plead guilty to disorderly conduct and the matter was resolved. 

The Hamburg residence will be quite a change of pace for Kane, who last year lived in Carl Paladino's waterfront development - The Pasquale at Waterfront Place. But Kane will have a lot more room to spread out at his new Hamburg crib as it sits on over 2.5 acres. And the neighbors will be much further away (which may be a good thing). 

Oh, and if you've ever wondered how bad Zillow's 'zestimates' are, this is a good case study. Kane bought the house for $2.68 million. The Zillow.com zestimate is. . . wait for it. . . just over $900,000. Just a little off from the actual sale price. 

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Not too shabby....

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Zestimates may be off... But he overpaid. Fitzy drove up the asking price. The house last sold for $650k in 2005.

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I believe the $650k was for an old residence on the property. Kane purchased the replacement.

replied to buffalosoon
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That would make more sense... Thanks for the heads up... Still seems a bit high to me... Then again there is only so much waterfront space.

replied to WCPerspective
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Just put the house on the Underhill's account.

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Ha! I was just talking about Fletch last night!

replied to Ozro
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This purchase was made possible because he successfully beat up that cab driver and recovered the money he overcharged him.

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Wanna bet that there will be NO cab service available to or from there?

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Cabbies love a lucrative long drive ; ). I presently live about a mile from here. Seems really steep for a 6,000 square foot house on a deciduous beach. There's some gorgeous estates down the street that I can see getting close to that price.

replied to AJ
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This article fails to mention that he was the rookie of the year and scored the game winning goal in the Stanley Cup Finals.

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I know this is different but Buffalo has really become a hotbed for hockey players. They come and stay....

This is great for WNY! How many children will he educate paying property taxes on 2.6 million. Plus he will never be able to get rid of this place should he want to sell.

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Wasn't there a house off Chairfactory Rd in Elma that went for $3 million?

Personally, I always dreamed of owning the Seymour Knox mansion. :)

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HE WILL BE BROKE IN 10 YEARS AND FILE BANKRUPT. LOOK AT ALL THESE OTHER MILLIONARE SPORTS PLAYERS WHO SPEND STUPIDLEY

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