NOT LISTED FOR SALE

1112 River St Olean, NY 14760

Estimated Value: $83,000 - $102,290

3 Beds
1 Bath
1,496 Sq Ft
$61/Sq Ft Est. Value

Last Sold January 28, 2013

Last sale price $42,000 $28 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $573/month

122 Days on Market

Highlights

  • Traditional Architecture
  • Den
  • Forced Air Cooling System
  • Partial Attic
  • 1 Car Detached Garage
  • Wall to Wall Carpet

About This Home

As of January 2013

Great potential, nice price! Bank owner three bedroom in pleasant North Olean location, large fenced yard, garage, central air and new bath. Priced right.

Last Agent to Sell the Property

Thomas Butler

Listing by Southern Tier Realty Co. Inc. License #10311202991 Listed on: 07/21/2012

Last Buyer's Agent

Thomas Butler

Listing by Southern Tier Realty Co. Inc. License #10311202991 Listed on: 07/21/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 297 x 44

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Block Foundation

Interior Spaces

  • 1,496 Sq Ft Home
  • 2-Story Property
  • Den
  • Wall to Wall Carpet
  • Basement Fills Entire Space Under The House
  • Partial Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 041200-094-041-0004-015-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Age: 102
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 64000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 297
  • Lot Dimension Front: 44
  • L P Per Acre: 166333.3300
  • List Price per Sq Ft: 33.3556
  • Nearest Cross Street: Oak St.
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 140000.00
  • Ratio Close Price By Sq Ft: 28.07
  • Ratio List Price By Acres: 166333.33
  • Ratio List Price By Sq Ft: 33.36
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1515
  • Sale Price List Price: 0.8416
  • S P Per Acre: 140000.0000
  • S P Per Sq Ft: 28.0700
  • Styles of Residence: Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Bank Owned / REO
  • Value Range Search Low Price: 49900.00
  • Year Built Description: Existing
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: N. Union St. to River St.
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: Den/Study
  • Attic Description: Partial
  • Basement Description: Full
  • Floor Description: Wall To Wall Carpet-Some
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 7
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1496

Exterior Features

  • Construction: Aluminum/Steel
  • Number of Acres: 0.3000

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

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

Lot Info

  • Parcel Number: 041200-094-041-0004-015-000-0000

Tax Info

  • Total Taxes: 3246

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2012
Closed on
Jan 17, 2013
Sold by
Community Bank Na
Bought by
George Aaron K
Seller's Agent
Thomas Butler
Southern Tier Realty Co. Inc.
Buyer's Agent
Thomas Butler
Southern Tier Realty Co. Inc.
List Price
$49,900
Sold Price
$42,000
Premium/Discount to List
-$7,900
-15.83%
Current Estimated Value
$91,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,823
Avg. Annual Appreciation
6.25%
Original Mortgage
$33,600
Outstanding Balance
$23,384
Interest Rate
3.39%
Mortgage Type
New Conventional
Estimated Equity
$68,439

Purchase Details

Closed on
Jul 3, 2012
Sold by
Franklin Kristopher
Bought by
Community Bank Na

Purchase Details

Closed on
Aug 16, 2007
Sold by
Combs Kristina
Bought by
Franklin Kristopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,300
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 1996
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
George Aaron K $42,000 Daniel R. Palumbo
Community Bank Na $500 Michael Morgan
Franklin Kristopher $63,500 Nicholas Dicerbo
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open George Aaron K $33,600
Previous Owner Franklin Kristopher $66,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2013 01/28/13 Sold $42,000 -15.8% $28 / Sq Ft
11/20/2012 11/20/12 Pending -- -- --
07/21/2012 07/21/12 For Sale $49,900 -- $33 / 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 $3,003 $47,500 $5,700 $41,800
2023 $1,788 $47,500 $5,700 $41,800
2022 $1,814 $47,500 $5,700 $41,800
2021 $1,867 $47,500 $5,700 $41,800
2020 $1,239 $47,500 $5,700 $41,800
2019 $1,944 $47,500 $5,700 $41,800
2018 $1,921 $47,500 $5,700 $41,800
2017 $1,249 $47,500 $5,700 $41,800
2016 $1,210 $47,500 $5,700 $41,800
2015 -- $47,500 $5,700 $41,800
2014 -- $45,000 $5,700 $39,300
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B412885

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-041-0004-015-000-0000