NOT LISTED FOR SALE

113 S 6th St Olean, NY 14760

Olean Area
-- Bed
-- Bath
4,140 Sq Ft
3,750 Sq Ft Lot

Sale Details

Date Sold: September 14, 2020

Last sale price $140,000 $34 Per Sq Ft

72 Days on Market

Highlights

  • Deck
  • High Speed Internet
  • 4-minute walk to Oak Hill Park
  • Baseboard Heating
  • Vinyl Flooring

About This Home

As of September 2020

7-unit apartments with separated utilities. Very updated apartments, with several recently remodeled. Cap rate of 13%+ ($300 per month in water bills paid by owner, ~$1,500 insurance, 10% vacancy expense, 10% operating expense, taxes of $7,044). Sale includes 94.064-13-40 (vacant land) and 94.064-13-41 (apartment house).

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 04/08/2020

Howard Hanna Professionals - Olean

Last Buyer's Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 04/08/2020

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,043

Year Built

  • Built in 1935

Lot Details

  • 3,750 Sq Ft Lot
  • Lot Dimensions are 37x100

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 4,140 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Laminate
  • Vinyl

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Deck

Schools

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

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 7 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Rent includes water
  • Tax Lot 41
  • Assessor Parcel Number 041200-094-064-0013-041-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,043

Year Built

Built in 1935

Lot Details

3,750 Sq Ft Lot

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: Water
  • Year Built: 1935
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: From W State St, turn onto S 6th St, the property is on the left.
  • Flooring: Laminate, Varies, Vinyl
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built Details: Existing
  • Property Sub Type Additional: Commercial
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.0861
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Gravel Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: One Space, Driveway, No Garage

Utilities

  • Heating: Electric, Baseboard
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: None

Schools

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

Lot Info

  • Parcel Number: 041200-094-064-0013-041-000-0000
  • Lot Dimensions: 37X100
  • Lot Size Sq Ft: 3750.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 7
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 7043.0
  • Tax Lot: 41

MLS Schools

  • Elementary School: Washington West Elementary

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,600
Interest Rate
0.0416%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 8, 2020
Closed on
Aug 31, 2020
Sold by
Bought by
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$229,900
Sold Price
$140,000
Premium/Discount to List
-$89,900
-39.1%

Purchase Details

Closed on
Mar 4, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
0.0362%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 2010
Sold by
Bought by
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

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
$690,000 None Available
-- None Available
$135,000 Eric Firkel
-- --
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 $501,600
Closed $336,000
Previous Owner $101,250
Previous Owner $140,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
09/14/2020 09/14/20 Sold $140,000 -12.5% $34 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
05/20/2020 05/20/20 Price Changed $160,000 -30.4% $39 / Sq Ft
04/08/2020 04/08/20 For Sale $229,900 -- $56 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax 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.

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 $10,816 $126,000 $6,500 $119,500
2024 $7,967 $126,000 $6,500 $119,500
2023 $4,744 $126,000 $6,500 $119,500
2022 $4,812 $126,000 $6,500 $119,500
2021 $4,951 $126,000 $6,500 $119,500
2020 $4,986 $126,000 $6,500 $119,500
2019 $1,891 $126,000 $6,500 $119,500
2018 $6,797 $126,000 $6,500 $119,500
2017 $5,107 $126,000 $6,500 $119,500
2016 $5,052 $126,000 $6,500 $119,500
2015 -- $126,000 $6,500 $119,500
2014 -- $126,000 $6,500 $119,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1260035

Chautauqua-Cattaraugus Board of REALTORS®
Your Personal Tour Guide

Ask me questions while you tour the home.