NOT LISTED FOR SALE

1109 Reed St Olean, NY 14760

Estimated Value: $58,000 - $90,000

3 Beds
2 Baths
1,266 Sq Ft
$61/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $72,000 $57 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $482/month

1 Day on Market

Highlights

  • Wood Flooring
  • 4 Car Garage
  • Heating System Uses Gas

About This Home

As of March 2022

Both apartments have access to laundry room in the basement. Rehab rental

Last Agent to Sell the Property

Claudia Attard-Keary

Listing by EXP-Premier Listings Team License #40AT1023399 Listed on: 07/08/2021

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

  • $2,343

Year Built

  • Built in 1931

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 74x43

Parking

  • 4 Car Garage
  • Unpaved Driveway

Home Design

  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 1,266 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Laminate
  • Vinyl

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 041200-094-056-0003-008-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,343

Year Built

Built in 1931

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1931
  • Road Frontage Type: Main Thoroughfare
  • Directions: Turn off of Buffalo St onto Reed St. A few houses down on the left.
  • Flooring: Hardwood, Laminate, Varies, Vinyl
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.08
  • Waterfront: No
  • Construction Type: Brick, Frame

Garage/Parking

  • Garage Spaces: 4.0
  • Parking Features: Two or More Spaces, Unpaved

Utilities

  • Heating: Gas, Stove, Natural Gas
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-056-0003-008-000-0000
  • Lot Dimensions: 74X43
  • Lot Size Sq Ft: 3485.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 2343.0
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2021
Closed on
Feb 28, 2022
Sold by
Painter Todd and Painter Kathleen
Bought by
Liliang Llc
Seller's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$785,000
Sold Price
$72,000
Premium/Discount to List
-$713,000
-90.83%
Current Estimated Value
$77,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,720
Avg. Annual Appreciation
2.01%

Purchase Details

Closed on
Aug 17, 2001
Sold by
Pustulka Joseph A Andrea A
Bought by
Painter Todd M Kathleen M
Source: Public Records
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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 $735,000 None Available
Painter Todd M Kathleen M $40,000 J Michael Shane
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2022 03/25/22 Sold $72,000 0.0% $57 / Sq Ft
07/10/2021 07/10/21 Price Changed $72,000 -90.8% $57 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $785,000 -- $620 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $2,719 $43,000 $1,000 $42,000
2023 $1,619 $43,000 $1,000 $42,000
2022 $1,642 $43,000 $1,000 $42,000
2021 $1,690 $43,000 $1,000 $42,000
2020 $1,701 $43,000 $1,000 $42,000
2019 $645 $43,000 $1,000 $42,000
2018 $2,320 $43,000 $1,000 $42,000
2017 $1,743 $43,000 $1,000 $42,000
2016 $1,724 $43,000 $1,000 $42,000
2015 -- $43,000 $1,000 $42,000
2014 -- $43,000 $1,000 $42,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1349386

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-056-0003-008-000-0000