NOT LISTED FOR SALE

114 S 7th St Olean, NY 14760

Estimated Value: $67,000 - $160,000

3 Beds
2 Baths
1,933 Sq Ft
$53/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $60,000 $31 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $783/month

7 Days on Market

Highlights

  • Partial Attic
  • Forced Air Cooling System
  • Ceiling Fan
  • Fenced Yard
  • Patio
  • 5-minute walk to Oak Hill Park

About This Home

As of October 2017

The 2 unit home has been very well maintained and is immaculate. Furnace in 1st floor apartment is 3 years old, furnace in 2nd floor apartment is 12 years old, roof is 9 years old. Live in one of the apartments and let the second pay your mortgage and taxes. Both units have washer and dryer hook ups. Fully fenced in back yard and a carport large enough for 2 vehicles. All utilities are separate. You won't find a nicer 2 unit home in Olean at this price. Call today to take a look

Last Listed By

Michelle Fitzpatrick-Baer

Listing by Howard Hanna Professionals License #40FI1153618 Listed on: 07/26/2017

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,185

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 128 x 62
  • Fenced Yard

Parking

  • Carport

Interior Spaces

  • 1,933 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Partial Basement
  • Partial Attic
  • Range Hood

Flooring

  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes no utilities
  • Assessor Parcel Number 94.064-12-12

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,185

Year Built

Built in 1925

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 40
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 62
  • Lot Information: Neighborhood Street
  • Nearest Cross Street: state street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 31.04
  • Ratio List Price By Sq Ft: 33.57
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • School Tax: 1044
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Age of Building: 97
  • Year Built: 1925
  • Directions To Property: State street to South 7th Street
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1925

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Laundry- Separate Hook ups- Some
  • Attic Description: Partial
  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dryer, Oven/Range Gas-Some, Range Hood-Exhaust Fan, Refrigerator, Washer
  • Total Sq Ft: 1933

Exterior Features

  • Additional Exterior Features: Fully Fenced Yard, High Speed Internet, Patio, Private Yard - see Remarks

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Blacktop, Carport(S)

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric, Gas

Schools

  • School District: Olean
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 94.064-12-12

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2185

MLS Schools

  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2017
Closed on
Oct 6, 2017
Sold by
Trust Gordon H Baldwin Revocab
Bought by
Matya Heather R
Seller's Agent
Michelle Fitzpatrick-Baer
Howard Hanna Professionals
Buyer's Agent
Michelle Fitzpatrick-Baer
Howard Hanna Professionals
List Price
$64,500
Sold Price
$60,000
Premium/Discount to List
-$4,500
-6.98%
Total Days on Market
7
Current Estimated Value
$102,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,433
Avg. Annual Appreciation
3.10%

Purchase Details

Closed on
Sep 11, 2009
Sold by
Five Star Bank
Bought by
Baldwin Gordon

Purchase Details

Closed on
May 16, 2003
Sold by
Nolder David A
Bought by
Allegany Properties Inc

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
Matya Heather R -- Eric M. Firkel
Baldwin Gordon $30,000 Daniel Palumbo
Allegany Properties Inc $44,200 Jeremiah J Moriarty Iii
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matya Heather R $65,000
Previous Owner Allegany & Cattaraugus Prop $498,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2017 10/06/17 Sold $60,000 -7.6% $31 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
07/27/2017 07/27/17 Price Changed $64,900 +0.6% $34 / Sq Ft
07/26/2017 07/26/17 For Sale $64,500 -- $33 / 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 $2,540 $40,000 $4,900 $35,100
2023 $1,506 $40,000 $4,900 $35,100
2022 $1,528 $40,000 $4,900 $35,100
2021 $1,572 $40,000 $4,900 $35,100
2020 $1,583 $40,000 $4,900 $35,100
2019 $600 $40,000 $4,900 $35,100
2018 $2,158 $40,000 $4,900 $35,100
2017 $1,621 $40,000 $4,900 $35,100
2016 $1,604 $40,000 $4,900 $35,100
2015 -- $40,000 $4,900 $35,100
2014 -- $40,000 $4,900 $35,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1065090

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0012-012-000-0000