NOT LISTED FOR SALE

1101 N Union St Olean, NY 14760

Estimated Value: $65,001

2 Beds
1.5 Baths
1,608 Sq Ft
$40/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $60,000 $37 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $427/month

22 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Enclosed patio or porch
  • Bonus Room
  • Formal Dining Room
  • Forced Air Cooling System

About This Home

As of September 2023

Excellent income opportunity! Check out this 2 Bedroom House which has been adjusted, to have a small Beauty Salon on the side!
The house is currently rented for $550/month, includes water only, to a long-term tenant. The Salon is not occupied at this time, so this would be a perfect opportunity for someone that would like to open their own shop (it's still zoned for it) and have your tenant pay the mortgage! Or vice versa! The opportunities are endless!

Last Listed By

Claudia Attard-Keary

Listing by Premier Listings Real Estate License #40AT1023399 Listed on: 06/21/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,922

Year Built

  • Built in 1880

Lot Details

  • 3,300 Sq Ft Lot
  • Lot Dimensions are 100 x 33
  • Corner Lot

Parking

  • No Garage

Home Design

  • Stone Foundation

Interior Spaces

  • 1,608 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Formal Dining Room
  • Bonus Room
  • Basement Fills Entire Space Under The House
  • Gas Range
  • Laundry on main level

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

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

Additional Features

  • Enclosed patio or porch
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 041200-094-040-0002-025-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,922

Year Built

Built in 1880

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 35400
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 33
  • Lot Information: Corner Lot, Near Bus Line, Neighborhood Street
  • Lot Number: 25
  • Nearest Cross Street: W Water St
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 791556.73
  • Ratio Close Price By Sq Ft: 37.31
  • Ratio List Price By Acres: 850923.48
  • Ratio List Price By Sq Ft: 40.11
  • Regional Board Code: Rochester
  • School Tax: 934
  • Styles of Residence: 2 Story
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3300
  • Age of Building: 143
  • Year Built: 1880
  • Directions To Property: From downtown Olean, follow down n union st extension. House is on the left corner of w elm st
  • Sq Ft Total Pub: 1608
  • Attribution Contact: 716-307-8894
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: Bonus Room, Laundry-1st Floor, Living Room, Porch - Enclosed
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Gas, Refrigerator
  • Kitchen Dining Description: Formal Dining Room
  • Number of Bedrooms 2nd Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 8
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 2
  • Total Sq Ft: 1608

Exterior Features

  • Construction: Fiber Cement
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.0758

Garage/Parking

  • Driveway Description: Concrete, Double Wide
  • Garage Description: No Garage

Utilities

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

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-040-0002-025-000-0000

Tax Info

  • Total Taxes: 1922

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Sep 13, 2023
Sold by
Carll Paul F and Carll Janet C
Bought by
Robinson Erica
Seller's Agent
Claudia Attard-Keary
Premier Listings Real Estate
Buyer's Agent
Kamille Connelly
Premier Listings Real Estate
List Price
$64,500
Sold Price
$60,000
Premium/Discount to List
-$4,500
-6.98%
Total Days on Market
22
Views
83
Current Estimated Value
$65,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,001
Avg. Annual Appreciation
5.62%
Original Mortgage
$48,000
Outstanding Balance
$44,835
Interest Rate
6.46%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$20,613

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 Buyer Sale Price Title Company
Robinson Erica $60,000 None Available
Robinson Erica $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Erica $48,000
Closed Robinson Erica $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2023 09/27/23 Sold $60,000 -7.0% $37 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $64,500 -- $40 / 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 $2,248 $35,400 $5,800 $29,600
2023 $1,333 $35,400 $5,800 $29,600
2022 $1,352 $35,400 $5,800 $29,600
2021 $1,391 $35,400 $5,800 $29,600
2020 $1,401 $35,400 $5,800 $29,600
2019 $531 $35,400 $5,800 $29,600
2018 $1,910 $35,400 $5,800 $29,600
2017 $1,435 $35,400 $5,800 $29,600
2016 $1,419 $35,400 $5,800 $29,600
2015 -- $35,400 $5,800 $29,600
2014 -- $35,400 $5,800 $29,600
Source: Public Records

Agents Affiliated with this Home

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Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1479006

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-040-0002-025-000-0000