NOT LISTED FOR SALE

113 W Elm St Olean, NY 14760

Estimated Value: $80,584 - $113,000

3 Beds
1.5 Baths
1,566 Sq Ft
$66/Sq Ft Est. Value

Last Sold June 02, 2017

Last sale price $13,500 $9 Per Sq Ft

Est. 666% increase in value since last sale

Current estimated payment $676/month

21 Days on Market

Highlights

  • Traditional Architecture
  • 1 Car Detached Garage
  • Woodwork
  • Formal Dining Room
  • Enclosed patio or porch
  • Forced Air Cooling System

About This Home

As of June 2017

This 3 bedroom, 1.5 bathroom home is one to add to your investment portfolio! Spacious floor plan featuring large living room, formal dining room with built-ins, half bathroom, and modest sized kitchen complete with plenty of storage! Second story offers HUGE master bedroom with walk-in closet, full bathroom, and two more bedrooms each with closet/storage space! Detached garage is a bonus! Home is priced WELL BELOW assessed value! This fixer upper needs some TLC, but offers a lot of potential!

Last Listed By

Todd VanDyke

Listing by RE/MAX On Point License #10491212754 Listed on: 03/13/2017

RE/MAX On Point

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 100 x 50
  • Rectangular Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Block Foundation

Interior Spaces

  • 1,566 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Living Room
  • Formal Dining Room
  • Unfinished Attic
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 041200-094-040-0002-030-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 50000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street, Primary Road
  • Lot Shape: Rectangular
  • Nearest Cross Street: Maple
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 117595.82
  • Ratio Close Price By Sq Ft: 8.62
  • Ratio List Price By Acres: 103658.54
  • Ratio List Price By Sq Ft: 7.60
  • Regional Board Code: Buffalo
  • School Tax: 1306
  • Styles of Residence: 2 Story, Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 5000
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: From North Union turn onto West Elm Street. House is located close to the corner of West Elm and Maple.
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Natural Woodwork - some
  • Additional Rooms: Laundry-Basement, Living Room, Porch - Enclosed
  • Attic Description: Unfinished
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher
  • Kitchen Dining Description: Formal Dining Room
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 8
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 3
  • Total Sq Ft: 1566

Exterior Features

  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1148

Garage/Parking

  • Driveway Description: Blacktop
  • 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

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-040-0002-030-000-0000

Tax Info

  • Total Taxes: 2727

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2017
Closed on
May 26, 2017
Sold by
Trust Company Deutsche Bank National
Bought by
Barlett Linda
Seller's Agent
Todd VanDyke
RE/MAX On Point
Buyer's Agent
Thomas Fenner
Real Estate Pros & More
List Price
$11,900
Sold Price
$13,500
Premium/Discount to List
$1,600
13.45%
Total Days on Market
21
Current Estimated Value
$103,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,896
Avg. Annual Appreciation
27.86%

Purchase Details

Closed on
Jan 6, 2016
Sold by
Marshall William P
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Oct 2, 2002
Sold by
Sec'Y Veterans Affairs
Bought by
Derrick Shawn

Purchase Details

Closed on
Jan 3, 2002
Sold by
Willis L. Harold and Willis Harold
Bought by
Sec'Y Of Veterans Affairs

Purchase Details

Closed on
Jun 19, 2000

Purchase Details

Closed on
Dec 19, 1997
Sold by
Leroy Christopher Michael
Bought by
Willis Harold L

Range of Values:

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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
Barlett Linda -- Dan De Rose
Secretary Of Veterans Affairs $500 Lambert Frenkel
Derrick Shawn $40,500 --
Sec'Y Of Veterans Affairs $29,083 --
-- -- --
Willis Harold L $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Derrick Linda $33,087
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2017 06/02/17 Sold $13,500 +13.4% $9 / Sq Ft
04/03/2017 04/03/17 Pending -- -- --
03/13/2017 03/13/17 For Sale $11,900 -- $8 / 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 $3,175 $50,000 $4,300 $45,700
2023 $1,882 $50,000 $4,300 $45,700
2022 $1,910 $50,000 $4,300 $45,700
2021 $1,965 $50,000 $4,300 $45,700
2020 $1,978 $50,000 $4,300 $45,700
2019 $751 $50,000 $4,300 $45,700
2018 $2,782 $50,000 $4,300 $45,700
2017 $2,027 $50,000 $4,300 $45,700
2016 $3,430 $50,000 $4,300 $45,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1031830

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-040-0002-030-000-0000