NOT LISTED FOR SALE

109 Madison Ave Olean, NY 14760

Estimated Value: $242,000 - $323,000

4 Beds
4 Baths
2,276 Sq Ft
$116/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $185,000 $81 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,647/month

194 Days on Market

Highlights

  • 0.56 Acre Lot
  • Wood Flooring
  • Full Attic
  • Cathedral Ceiling
  • Finished Attic
  • 2 Fireplaces

About This Home

As of October 2018

Impressive brick ranch-timeless sophistication in a great location! Vaulted Knotty-pine ceilings w/ skylights in one wing is eye capturing! Put together well-has great layout. Extensive remodel 2012 New cement-board siding in a great neutral color, 30-year roof, Anderson 400 Woodcraft windows, solid oak trim and oak doors, 2 new high efficiency furnaces to support the layout, 2 new central air conditioners, gorgeous natural hardwood floors throughout, new carpeting in the incredibly large master suite. Master suite with huge bay window & sliding glass doors to backyard is awesome-includes California Closet wall-dressing room & huge walk in closet. Master bath has nice arrange design. New "powder room". Extensive drainage system in the backyard-all on a huge fully fenced city lot!

Last Agent to Sell the Property

Rebecca Pettit

Listing by Homestar Realty License #40PE1006563 Listed on: 02/07/2018

Last Buyer's Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,002

Year Built

  • Built in 1953

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 163 x 150
  • Fenced Yard
  • Rectangular Lot

Home Design

  • Block Foundation
  • Brick Frame
  • Partial Copper Plumbing

Interior Spaces

  • 2,276 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Cathedral Ceiling
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • Thermal Windows
  • Awning
  • Drapes & Rods
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Attic

  • Full Attic
  • Finished Attic

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Patio
  • Shed

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 041200-094-042-0001-034-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,002

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 147500
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 163
  • Lot Dimension Front: 150
  • Lot Information: Neighborhood Street
  • Lot Number: 34
  • Lot Shape: Rectangular
  • Nearest Cross Street: Main
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 329592.02
  • Ratio Close Price By Sq Ft: 81.28
  • Ratio List Price By Acres: 372349.90
  • Ratio List Price By Sq Ft: 91.83
  • Regional Board Code: Buffalo
  • School Tax: 3880
  • Styles of Residence: Ranch
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 24450
  • Age of Building: 69
  • Year Built: 1953
  • Directions To Property: Main Street to Madison - ranch on left - see Homestar Realty sign.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1953

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Cathedral Ceiling, Circuit Breakers - Some, Copper Plumbing - Some, Drapes - Some, Natural Woodwork - some, Skylight, Sliding Glass Door
  • Additional Rooms: 1st Floor Bedroom, 1st Floor Master Suite, Basement / Rec Room, Laundry-Basement, Master Bedroom Bath
  • Attic Description: Finished, Full
  • Basement Description: Exterior Walkout, Finished, Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Tile-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Gas, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Kitchen Dining Description: Breakfast Bar, Eat-In, Pantry
  • Number of Bedrooms 1st Floor: 4
  • Number of Fireplaces Gas: 2
  • Number of Fireplaces Total Calculated: 2
  • Number of 1st Floor Full Bathrooms: 2
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Half Bathrooms in the Basement: 1
  • Number of Rooms: 11
  • Half Bathrooms: 2
  • Total Bathrooms: 2.20
  • Total Bedrooms: 4
  • Total Sq Ft: 2276

Exterior Features

  • Construction: Brick, Brick and Frame
  • Additional Exterior Features: Awning, Fully Fenced Yard, Garage Door Opener, High Speed Internet, Patio, Thermal Windows - Some
  • Number of Acres: 0.5613

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Attached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Green Features

  • Energystar: Heating

Lot Info

  • Parcel Number: 041200-094-042-0001-034-000-0000

Tax Info

  • Total Taxes: 8002

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2018
Closed on
Oct 22, 2018
Sold by
Holdingsllc Dlb
Bought by
Blocher Christopher M
Seller's Agent
Rebecca Pettit
Homestar Realty
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$209,000
Sold Price
$185,000
Premium/Discount to List
-$24,000
-11.48%
Current Estimated Value
$263,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,989
Avg. Annual Appreciation
5.07%
Original Mortgage
$148,000
Outstanding Balance
$129,339
Interest Rate
4.6%
Mortgage Type
Unknown
Estimated Equity
$134,650

Purchase Details

Listed on
Feb 7, 2018
Closed on
Oct 19, 2018
Sold by
Holdingsllc Dlb
Bought by
Blocher Christopher M
Seller's Agent
Rebecca Pettit
Homestar Realty
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$209,000
Sold Price
$185,000
Premium/Discount to List
-$24,000
-11.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Outstanding Balance
$129,339
Interest Rate
4.6%
Mortgage Type
Unknown
Estimated Equity
$134,650

Purchase Details

Listed on
Feb 7, 2018
Closed on
Oct 17, 2018
Sold by
Dlb Holdings Llc
Bought by
Blocher Christopher M and Blocher Catherine M
Seller's Agent
Rebecca Pettit
Homestar Realty
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$209,000
Sold Price
$185,000
Premium/Discount to List
-$24,000
-11.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Outstanding Balance
$129,339
Interest Rate
4.6%
Mortgage Type
Unknown
Estimated Equity
$134,650

Purchase Details

Closed on
Feb 7, 2018
Sold by
Viking Of Wny Llc
Bought by
Dlb Holdings Llc

Purchase Details

Closed on
Feb 1, 2018
Sold by
Viking Of Wny Llc
Bought by
Dlb Holdings Llc

Purchase Details

Closed on
Feb 4, 2011
Sold by
Rakus David
Bought by
Viking Of Wny Llc

Purchase Details

Closed on
Oct 18, 2001
Sold by
Fitzpatrick William B and Fitzpatrick Lynn M
Bought by
Rakus David F

Purchase Details

Closed on
Jun 24, 1997
Sold by
Hodges Alle and Hodges Kathleen
Bought by
Fitzpatrick William Lynn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Blocher Christopher M $185,000 None Available
Blocher Christopher M $185,000 None Available
Blocher Christopher M -- --
Dlb Holdings Llc -- None Available
Dlb Holdings Llc -- None Available
Viking Of Wny Llc $110,000 Daniel Derose
Rakus David F $215,000 Carl Robert Vahl
Rakus David F $215,000 Carl Robert Vahl
Fitzpatrick William Lynn $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dlb Holdings Llc $148,000
Closed Blocher Christopher M $148,000
Closed Blocher Christopher M $148,000
Previous Owner Dlb Holdings Llc $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2018 10/19/18 Sold $185,000 -11.5% $81 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $209,000 +13.0% $92 / Sq Ft
08/07/2018 08/07/18 Off Market $185,000 -- --
06/07/2018 06/07/18 Price Changed $209,000 -12.6% $92 / Sq Ft
03/15/2018 03/15/18 Price Changed $239,000 -11.2% $105 / Sq Ft
02/07/2018 02/07/18 For Sale $269,000 -- $118 / 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 $9,421 $149,000 $29,900 $119,100
2023 $5,553 $147,500 $29,900 $117,600
2022 $5,633 $147,500 $29,900 $117,600
2021 $5,796 $147,500 $29,900 $117,600
2020 $5,836 $147,500 $29,900 $117,600
2019 $2,214 $147,500 $29,900 $117,600
2018 $7,957 $147,500 $29,900 $117,600
2017 $5,979 $147,500 $29,900 $117,600
2016 $5,914 $147,500 $29,900 $117,600
2015 -- $147,500 $29,900 $117,600
2014 -- $147,500 $29,900 $117,600
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Pettit

    Seller's Agent in 2018

    Rebecca Pettit

    Homestar Realty

    (716) 244-7309

    8 in this area

    152 Total Sales

    Rebecca Pettit
    Section Image
  • Paul Pezzimenti

    Buyer's Agent in 2018

    Paul Pezzimenti

    Howard Hanna

    (716) 378-7039

    193 in this area

    333 Total Sales

    Paul Pezzimenti
    Section Image
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Map

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

MLS Number: B1098064

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-042-0001-034-000-0000

New York Cattaraugus County Olean 14760

109 Madison Ave, Olean, NY

Not Listed for Sale

Detached

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