NOT LISTED FOR SALE

109 S 16th St Olean, NY 14760

Estimated Value: $59,820 - $80,000

2 Beds
2 Baths
1,472 Sq Ft
$48/Sq Ft Est. Value

Last Sold January 11, 2023

Last sale price $29,101 $20 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $609/month

About This Home

As of January 2023

This duplex on South 16th Street that was freshly remodeled, unfortunately, was the victim of a fire. South 16th Street is conveniently located to St. Bonaventure, Downtown Olean, shopping centers, and the Allegheny River Trail. Several features in the home appear to be salvageable, there are two decent forced air units and hot water tanks, and even a lot of the drywall and kitchen items look decent. The main damage from the fire is on the North facing the exterior wall in both of the units. Structural damage on the wall is evident, as well as the roof. Showings require proof of funds and a hold harmless agreement signed by the prospective purchaser and agent.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Dec 30, 2022
Sold by
Haas Jonathan C
Bought by
Granger Robert
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals
List Price
$19,900
Sold Price
$29,101
Premium/Discount to List
$9,201
46.24%
Current Estimated Value
$76,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,992
Avg. Annual Appreciation
46.65%

Purchase Details

Listed on
Nov 30, 2021
Closed on
May 5, 2022
Sold by
Morton & Barie Rlest Llc
Bought by
Haas Jonathon C
Seller's Agent
Dennis Pezzimenti
Howard Hanna Professionals
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals
List Price
$59,900
Sold Price
$65,000
Premium/Discount to List
$5,100
8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-68.80%
Original Mortgage
$52,000
Interest Rate
5.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2008
Sold by
Palumbo Thomas
Bought by
Morton & Barie Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
6.21%
Mortgage Type
Unknown

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Granger Robert $29,500 None Available
Haas Jonathon C $65,000 None Available
Morton & Barie Real Estate Llc $35,000 Daniel Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haas Jonathon C $52,000
Previous Owner Morton & Barie Re $28,000
Previous Owner Morton & Barie Real Estate Llc $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2023 01/11/23 Sold $29,101 +46.2% $20 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/16/2022 11/16/22 For Sale $19,900 -69.4% $14 / Sq Ft
05/05/2022 05/05/22 Sold $65,000 +8.5% $44 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
11/30/2021 11/30/21 For Sale $59,900 -- $41 / Sq Ft

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 $2,222 $35,000 $2,800 $32,200
2023 $1,318 $35,000 $2,800 $32,200
2022 $1,337 $35,000 $2,800 $32,200
2021 $1,375 $35,000 $2,800 $32,200
2020 $1,385 $35,000 $2,800 $32,200
2019 $525 $35,000 $2,800 $32,200
2018 $2,317 $35,000 $2,800 $32,200
2017 $1,419 $35,000 $2,800 $32,200
2016 $1,403 $35,000 $2,800 $32,200
2015 -- $35,000 $2,800 $32,200
2014 -- $35,000 $2,800 $32,200
Source: Public Records

Agents Affiliated with this Home

  • Paul Pezzimenti

    Seller's Agent in 2023

    Paul Pezzimenti

    Howard Hanna

    (716) 378-7039

    339 Total Sales

    Paul Pezzimenti
    Section Image
  • Dennis Pezzimenti

    Seller's Agent in 2022

    Dennis Pezzimenti

    Howard Hanna

    (716) 378-8989

    58 Total Sales

    Dennis Pezzimenti
    Section Image
  • Regis Handley

    Seller Co-Listing Agent in 2022

    Regis Handley

    Howard Hanna

    (716) 307-9256

    202 Total Sales

    Regis Handley
    Section Image
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Map

New York Cattaraugus County Olean 14760

109 S 16th St, Olean, NY

Homes for Sale in Olean, NY

This home is located at 109 S 16th St, Olean, NY 14760 and is currently estimated at $70,205, approximately $47 per square foot. 109 S 16th St is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and Southern Tier Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.