NOT LISTED FOR SALE

114 S 18th St Unit 16 Olean, NY 14760

Estimated Value: $138,582

4 Beds
2 Baths
2,370 Sq Ft
$58/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $50,000 $21 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $908/month

16 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • High Speed Internet
  • Wood Flooring
  • 3 Car Garage
  • Property is Fully Fenced

About This Home

As of November 2021

2 Unit home on large double lot with 3 car garage and shop area. Lot has grapevines, blackberry bushes, and apple trees on the fully fenced in yard. You could live in one unit and subsidize monthly payments with the extra rental unit.

Last Listed By

Ken Bailey

Listing by Real Estate Pros & More License #10371200907 Listed on: 06/28/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 105x105
  • Property is Fully Fenced

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Block Foundation
  • Aluminum Siding
  • Steel Siding
  • Copper Plumbing

Interior Spaces

  • 2,370 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Deck

Schools

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

Utilities

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

Community Details

  • 2 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Rent includes heat, water
  • Tax Lot 25
  • Assessor Parcel Number 041200-094-063-0003-025-000-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Heat, Water
  • Year Built: 1930
  • Unit: 16
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: West State Street to South 18th Street - property on the right hand side.
  • Architectural Style: Duplex
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Fencing: Full
  • Acres: 0.2531
  • Waterfront: No
  • Construction Type: Aluminum Siding, Steel Siding, Copper Plumbing
  • Exterior Features: Deck, Fully Fenced
  • Foundation Details: Block
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Concrete, Garage, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet 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: 041200-094-063-0003-025-000-0000
  • Lot Dimensions: 105X105
  • Lot Size Sq Ft: 11025.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Residential 2 Unit
  • 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: 1

Tax Info

  • Tax Annual Amount: 3825.0
  • Tax Lot: 25

MLS Schools

  • Elementary School: Washington West Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Oct 18, 2021
Sold by
Wang Yan and Strawser Lewis S
Bought by
Silverbird Olean Llc
Seller's Agent
Ken Bailey
Real Estate Pros & More
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$65,000
Sold Price
$50,000
Premium/Discount to List
-$15,000
-23.08%
Total Days on Market
16
Current Estimated Value
$138,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,582
Avg. Annual Appreciation
22.62%

Purchase Details

Closed on
Jun 22, 2012
Sold by
Strawser Lewis
Bought by
Strawser Lewis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,500
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 8, 2008
Sold by
Whipple Paul
Bought by
Strawser Lewis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
6.13%
Mortgage Type
Unknown

Range of Values:

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Average Value
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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
Silverbird Olean Llc $50,000 None Available
Strawser Lewis -- Nicholas Dicerbo
Strawser Lewis $70,000 Gregory Shemeld
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silverbird Olean Llc $35,000
Previous Owner Strawser Lewis $63,500
Previous Owner Strawser Lewis $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $50,000 -23.1% $21 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $65,000 -- $27 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $4,444 $70,000 $8,700 $61,300
2023 $2,635 $70,000 $8,700 $61,300
2022 $2,673 $70,000 $8,700 $61,300
2021 $2,751 $70,000 $8,700 $61,300
2020 $2,770 $70,000 $8,700 $61,300
2019 $1,051 $70,000 $8,700 $61,300
2018 $3,776 $70,000 $8,700 $61,300
2017 $2,837 $70,000 $8,700 $61,300
2016 $2,806 $70,000 $8,700 $61,300
2015 -- $70,000 $8,700 $61,300
2014 -- $70,000 $8,700 $61,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1347835

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-063-0003-025-000-0000