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 $529 / 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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Elliott Rentals Llc $46,000 Brian C. Palumbo
Ross Lauraine $25,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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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

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