NOT LISTED FOR SALE

1014 Buffalo St Unit 16 Olean, NY 14760

Estimated Value: $71,000 - $111,000

6 Beds
2 Baths
2,241 Sq Ft
$40/Sq Ft Est. Value

Last Sold November 28, 2023

Last sale price $75,000 $33 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $597/month

9 Days on Market

Highlights

  • Forced Air Cooling System
  • Luxury Vinyl Tile Flooring
  • Ceiling Fan

About This Home

As of November 2023

Welcome to this exceptional duplex nestled in a desirable neighborhood. This well-maintained property offers a host of recent upgrades, including a new roof, a fresh paint job within the past two years, updated windows, and new luxury vinyl tile (LVT) floors. The exterior boasts a stylish facade with curb appeal, while the interiors feature spacious living areas with abundant natural light. Each unit is thoughtfully designed for privacy and convenience, making it an ideal property for both tenants and homeowners. With one side already rented, this duplex provides an immediate income stream for the savvy investor. Take advantage of this opportunity to own a modern duplex with income potential in a convenient location. Conveniently located between Washington West and Olean High School, shopping centers, and near Route 417 and I-86, this duplex offers a perfect blend of modern upgrades and income potential

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 06/30/2023

Howard Hanna Professionals - Olean

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,317

Year Built

  • Built in 1916

Lot Details

  • 2,653 Sq Ft Lot
  • Lot Dimensions are 72 x 36

Parking

  • Stone Driveway

Home Design

  • Duplex
  • Stone Foundation
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,241 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Luxury Vinyl Tile Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Tax Lot 30
  • Assessor Parcel Number 041200-094-056-0004-030-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,317

Year Built

Built in 1916

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 24250
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 72
  • Lot Dimension Front: 36
  • Lot Information: Neighborhood Street
  • Lot Number: 30
  • Nearest Cross Street: 10th Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1231527.09
  • Ratio Close Price By Sq Ft: 33.47
  • Ratio List Price By Acres: 1311986.86
  • Ratio List Price By Sq Ft: 35.65
  • Regional Board Code: Rochester
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 640
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 2 Unit, Duplex
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 2653
  • Age of Building: 107
  • Year Built: 1916
  • Above Grade Finished Sq Ft: 2241
  • Directions To Property: From Wayne Street, turn onto 12th St, turn onto Buffalo St
  • Sq Ft Total Pub: 2241
  • Unit: 16
  • Attribution Contact: 716-378-7039
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1916

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some
  • Attic Description: Walk-in
  • Basement Description: Full
  • Floor Description: Vinyl-Luxury-Some
  • Total Bathrooms: 2.00
  • Total Bedrooms: 6
  • Total Sq Ft: 2241

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.0609

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean
  • Elementary School: Washington West Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-056-0004-030-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1317

MLS Schools

  • Elementary School Name: Washington West Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Nov 13, 2023
Sold by
1010 Buffalo St Llc
Bought by
Liliang Llc
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%
Views
37
Current Estimated Value
$90,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,220
Avg. Annual Appreciation
11.32%

Purchase Details

Closed on
May 9, 2014
Sold by
Pleakis Jessica L
Bought by
1010 Buffalo Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2004
Sold by
Magro Charles
Bought by
Pleakis Jessica

Purchase Details

Closed on
Jul 7, 1997
Sold by
Gmc Development Llc
Bought by
Simms Christopher C and Simms Amber T
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Liliang Llc $75,000 None Available
1010 Buffalo Street Llc $48,500 Daniel A. Derose
Pleakis Jessica $47,500 Daniel R Palumbo
Simms Christopher C $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1010 Buffalo Street Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2023 11/28/23 Sold $75,000 -6.1% $33 / Sq Ft
07/09/2023 07/09/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $79,900 -- $36 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $1,389 $42,250 $2,500 $39,750
2023 $913 $24,250 $2,500 $21,750
2022 $926 $24,250 $2,500 $21,750
2021 $953 $24,250 $2,500 $21,750
2020 $960 $24,250 $2,500 $21,750
2019 $364 $24,250 $2,500 $21,750
2018 $4,258 $24,250 $2,500 $21,750
2017 $2,897 $24,250 $2,500 $21,750
2016 $2,952 $24,250 $2,500 $21,750
2015 -- $24,250 $2,500 $21,750
2014 -- $24,250 $2,500 $21,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1481284

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-056-0004-030-000-0000