NOT LISTED FOR SALE

112 N 5th St Olean, NY 14760

Estimated Value: $73,000 - $110,000

6 Beds
3 Baths
2,204 Sq Ft
$38/Sq Ft Est. Value

Sale Details

Date Sold: June 2, 2017

Last sale price $46,000 $21 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $530 / mo

10 Days on Market

Highlights

  • Wood Flooring
  • Rectangular Lot
  • 3-minute walk to Oak Hill Park
  • Hot Water Heating System

About This Home

As of June 2017

Come take a look at this spacious duplex right off of West State Street in Olean. Just a few blocks away from downtown this investment property has three bedrooms in each unit and has a three year lease with a well established non-profit agency. With updated plumbing, electric, and furnace this property is ready to rent immediately. Call us for a showing today.

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 03/27/2017

Howard Hanna Professionals - Olean

Last Buyer's Agent

Thomas Butler

Listing by Southern Tier Realty Co. Inc. License #10311202991

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,480

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 53x44
  • Rectangular Lot

Home Design

  • Duplex
  • Block Foundation
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 2,204 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood

Flooring

  • Wood
  • Carpet
  • Laminate

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Gravel Driveway
  • On-Street Parking

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Heating System Uses Gas
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Rent includes gardener
  • Assessor Parcel Number 041200-094-064-0009-017-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,480

Year Built

Built in 1900

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential
  • Rent Includes: Gardener
  • Year Built: 1900
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: From W State Street turn onto N 5th St. House will be on the right
  • Architectural Style: Duplex
  • Flooring: Carpet, Hardwood, Laminate, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Appliances: Dryer, Exhaust Fan, Electric Oven, Electric Range, Gas Water Heater, Range Hood, Washer
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.05
  • Waterfront: No
  • Construction Type: Vinyl Siding, Copper Plumbing
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Concrete, Gravel, One Space, On Street

Utilities

  • Heating: Gas, Hot Water
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Olean
  • Ninth Grade High School: Olean Senior High
  • Middle Or Junior School: Olean Middle

Lot Info

  • Parcel Number: 041200-094-064-0009-017-000-0000
  • Lot Dimensions: 53X44
  • 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: 2480.0

MLS Schools

  • Elementary School: Washington West Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2017
Closed on
May 26, 2017
Sold by
Peterson F and Peterson K
Bought by
Elliott Rentals Llc
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Thomas Butler
Southern Tier Realty Co. Inc.
List Price
$54,900
Sold Price
$46,000
Premium/Discount to List
-$8,900
-16.21%
Current Estimated Value
$83,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,549
Avg. Annual Appreciation
6.90%
Original Mortgage
$198,000
Outstanding Balance
$94,389
Interest Rate
3.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$10,840

Purchase Details

Closed on
Nov 21, 2012
Sold by
Ross R
Bought by
Ross Lauraine
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Elliott Rentals Llc $46,000 Brian C. Palumbo
Ross Lauraine $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elliott Rentals Llc $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2017 06/02/17 Sold $46,000 -16.2% $21 / Sq Ft
04/06/2017 04/06/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $54,900 -- $25 / 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
2025 $7,482 $45,500 $900 $44,600
2024 $2,877 $45,500 $900 $44,600
2023 $1,713 $45,500 $900 $44,600
2022 $1,738 $45,500 $900 $44,600
2021 $1,788 $45,500 $900 $44,600
2020 $5,600 $45,500 $900 $44,600
2019 $2,219 $45,500 $900 $44,600
2018 $4,944 $45,500 $900 $44,600
2017 $3,151 $45,500 $900 $44,600
2016 $3,858 $45,500 $900 $44,600
2015 -- $45,500 $900 $44,600
2014 -- $45,500 $900 $44,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: B1034065

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0009-017-000-0000

Your Personal Tour Guide

Ask me questions while you tour the home.