$65,000
SOLD MAY 5, 2022

109 S 16th St Olean, NY 14760

-- Bed
-- Bath
1,472 Sq Ft
1,679 Sq Ft Lot

Recently Sold

$44 Per Sq Ft

9% Above List Price

8 Days on Market

Highlights

  • Deck
  • Ceramic Tile Flooring
  • Rectangular Lot
  • Forced Air Cooling System
  • High Speed Internet

About This Home

As of January 2023

Well maintained two family home in West Olean. All the updates have been done to this house from top to bottom. Both units are rented and the tenants pay all utilities.

Last Agent to Sell the Property

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10491207167 Listed on: 11/30/2021

Howard Hanna Professionals - Olean

Co-Listed By

Regis Handley

Listing by Howard Hanna Professionals - Olean License #10301215129

Last Buyer's Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,907

Year Built

  • Built in 1935

Lot Details

  • 1,679 Sq Ft Lot
  • Lot Dimensions are 70 x 23
  • Rectangular Lot

Parking

  • Stone Driveway

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 1,472 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Deck

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
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 47
  • Assessor Parcel Number 041200-094-063-0006-047-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,907

Year Built

Built in 1935

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 35000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 70
  • Lot Dimension Front: 23
  • Lot Information: Neighborhood Street
  • Lot Number: 47
  • Lot Shape: Rectangular
  • Nearest Cross Street: West State Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1688311.69
  • Ratio Close Price By Sq Ft: 44.16
  • Ratio List Price By Acres: 1555844.16
  • Ratio List Price By Sq Ft: 40.69
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • Roof Description: Shingles
  • School Tax: 925
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 1679
  • Age of Building: 87
  • Year Built: 1935
  • Above Grade Finished Sq Ft: 1472
  • Directions To Property: On South 16th.
  • Sq Ft Total Pub: 1472
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1935

Interior Features

  • Additional Interior Features: Circuit Breakers - Some
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1472

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, Deck, High Speed Internet
  • Number of Acres: 0.0385

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas, Water
  • 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: 041200-094-063-0006-047-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1907

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
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 - Olean
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$19,900
Sold Price
$29,101
Premium/Discount to List
$9,201
46.24%
Current Estimated Value
$76,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,131
Avg. Annual Appreciation
37.38%

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 - Olean
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
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
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $29,500 None Available
Warranty Deed $65,000 None Available
Deed $35,000 Daniel Palumbo
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $52,000 Purchase Money Mortgage
Previous Owner $28,000 Unknown
Previous Owner $28,000 Purchase Money Mortgage
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
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 $1,321 $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

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1380203

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-063-0006-047-000-0000