NOT LISTED FOR SALE

1001 Washington St Olean, NY 14760

Estimated Value: $74,000 - $100,114

4 Beds
1.5 Baths
1,748 Sq Ft
$50/Sq Ft Est. Value

Last Sold November 28, 2017

Last sale price $30,000 $17 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $543/month

81 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Eat-In Kitchen
  • Full Attic
  • Enclosed Patio or Porch
  • Woodwork

About This Home

As of November 2017

Charming home on City of Olean corner lot. First floor includes updated eat-in kitchen, formal dining room, spacious and bright living room, and updated half-bath. Large foyer, hardwood floors and high ceilings give a lovely open feel! Second floor has 4 large bedrooms and full bath. Walk-up attic ready to be converted into bonus living space! Easy to show! (Property was built prior to 1978 and lead based paint may potentially exist.)

Last Agent to Sell the Property

Scott Walters

Listing by S.A.W. Commission Cutters Listed on: 08/17/2017

Co-Listed By

Jenna Chew

Listing by No Office Affiliation License #10401293181

Last Buyer's Agent

Ken Bailey

Listing by Real Estate Pros & More License #10371200907

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 3,800 Sq Ft Lot
  • Lot Dimensions are 102 x 40
  • Corner Lot
  • Rectangular Lot

Home Design

  • Block Foundation

Interior Spaces

  • 1,748 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Entrance Foyer
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Attic

  • Full Attic
  • Attic Stairs

Parking

  • No Garage
  • Dirt Driveway

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Enclosed Patio or Porch
  • Flood Zone Lot

Listing and Financial Details

  • HUD Owned
  • Assessor Parcel Number 94.064-7-6

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 69900
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 102
  • Lot Dimension Front: 40
  • Lot Information: Corner Lot, Flood Zone
  • Lot Shape: Rectangular
  • Nearest Cross Street: 9th
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Sq Ft: 17.16
  • Ratio List Price By Sq Ft: 19.97
  • Regional Board Code: Buffalo
  • School Tax: 982
  • Styles of Residence: 2 Story
  • Sub Board Code: Buffalo
  • Type of Sale: HUD or Govt Owned
  • Year Built Description: Existing
  • Lot Sq Ft: 3800
  • Age of Building: 82
  • Year Built: 1940
  • Directions To Property: Corner of Washington and 9th
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1940

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Natural Woodwork - some
  • Additional Rooms: Foyer/Entry Hall, Porch - Enclosed, Porch - Open
  • Attic Description: Full, Stair Access
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Gas, Range Hood-Exhaust Fan
  • Kitchen Dining Description: Eat-In
  • Number of Bedrooms 2nd Floor: 4
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 8
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 4
  • Total Sq Ft: 1748

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available

Garage/Parking

  • Driveway Description: Dirt
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 94.064-7-6

Tax Info

  • Total Taxes: 1812

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2017
Closed on
Dec 4, 2017
Sold by
Secretary Of Veteran Affa
Bought by
Bailey Susanna
Seller's Agent
Scott Walters
S.A.W. Commission Cutters
Buyer's Agent
Ken Bailey
Real Estate Pros & More
List Price
$39,500
Sold Price
$30,000
Premium/Discount to List
-$9,500
-24.05%
Current Estimated Value
$87,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,279
Avg. Annual Appreciation
14.09%

Purchase Details

Listed on
Aug 17, 2017
Closed on
Nov 29, 2017
Sold by
Secretary Of Veteran Affa
Bought by
Bailey Susanna
Seller's Agent
Scott Walters
S.A.W. Commission Cutters
Buyer's Agent
Ken Bailey
Real Estate Pros & More
List Price
$39,500
Sold Price
$30,000
Premium/Discount to List
-$9,500
-24.05%

Purchase Details

Closed on
Jul 14, 2017
Sold by
Sullivan Esq
Bought by
Secretary Of Veterans Affairs An Officer

Purchase Details

Closed on
Aug 8, 2008
Sold by
Quattrone Samuel
Bought by
Ruggles Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,470
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2003
Sold by
Chase Manhattan Bank
Bought by
Quattrone Samuel

Purchase Details

Closed on
Sep 24, 2002
Sold by
Siebert Tara A
Bought by
Chase Manhattan Bank

Purchase Details

Closed on
Dec 22, 1998
Sold by
Executos Hylnad Horowitz Joh
Bought by
Siebert Tara A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bailey Susanna $30,000 None Available
Bailey Susanna $30,000 None Available
Secretary Of Veterans Affairs An Officer -- Aldridge Pite, Llp
Ruggles Matthew $73,882 Daniel Palumbo
Quattrone Samuel $27,500 Daniel Derose
Chase Manhattan Bank $51,500 --
Siebert Tara A $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruggles Matthew $75,470
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2017 11/28/17 Sold $30,000 -14.0% $17 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
10/13/2017 10/13/17 Price Changed $34,900 -11.6% $20 / Sq Ft
10/11/2017 10/11/17 For Sale $39,500 +31.7% $23 / Sq Ft
09/08/2017 09/08/17 Off Market $30,000 -- --
08/17/2017 08/17/17 For Sale $39,500 -- $23 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,067 $48,500 $3,100 $45,400
2023 $1,826 $48,500 $3,100 $45,400
2022 $1,852 $48,500 $3,100 $45,400
2021 $1,906 $48,500 $3,100 $45,400
2020 $1,919 $48,500 $3,100 $45,400
2019 $728 $48,500 $3,100 $45,400
2018 $2,865 $48,500 $3,100 $45,400
2017 $1,863 $69,900 $3,100 $66,800
2016 $1,813 $69,900 $3,100 $66,800
2015 -- $69,900 $3,100 $66,800
2014 -- $69,900 $3,100 $66,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1069884

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0007-006-000-0000