NOT LISTED FOR SALE

115 W Elm St Olean, NY 14760

Estimated Value: $59,000 - $97,000

4 Beds
2 Baths
2,242 Sq Ft
$33/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $38,700 $17 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $460/month

133 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Forced Air Cooling System
  • Full Attic

About This Home

As of May 2017

Great Investment Property, with great cashflow. Current rents @ $1,045 / month. Taxes currently $2,550. This property will generate great return on investment. 2 bed 1 bath lower and 2 bed 1 bath upper. Maintenance free vinyl siding, brand new roof. This property is ready to work for you.

Last Agent to Sell the Property

Amanda Hulbert

Listing by Real Estate Pros & More License #10401290231 Listed on: 11/17/2016

Last Buyer's Agent

Amanda Hulbert

Listing by Real Estate Pros & More License #10401290231 Listed on: 11/17/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1855

Lot Details

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

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,242 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic
  • Electric Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 041200-094-040-0002-031-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1855

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 46900
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 50
  • Lot Information: Corner Lot
  • Nearest Cross Street: North Union
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 337108.01
  • Ratio Close Price By Sq Ft: 17.26
  • Ratio List Price By Acres: 391986.06
  • Ratio List Price By Sq Ft: 20.07
  • Regional Board Code: Rochester
  • Rent Includes: Water
  • School Tax: 1224
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5000
  • Age of Building: 167
  • Year Built: 1855
  • Directions To Property: North on North Union St., Right onto West Elm St. house is on the corner of West Elm and Maple St.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1855

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Electric-Some
  • Total Sq Ft: 2242

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1148

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces

Utilities

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

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-040-0002-031-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2593

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2016
Closed on
May 26, 2017
Sold by
Disorbo Joseph J and Disorbo ,
Bought by
Rentals Llc Elliott
Seller's Agent
Amanda Hulbert
Real Estate Pros & More
Buyer's Agent
Amanda Hulbert
Real Estate Pros & More
List Price
$45,000
Sold Price
$38,700
Premium/Discount to List
-$6,300
-14%
Current Estimated Value
$73,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,597
Avg. Annual Appreciation
9.99%
Original Mortgage
$198,000
Outstanding Balance
$106,683
Interest Rate
3.27%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$21,080
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rentals Llc Elliott $38,700 Brian C. Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rentals Llc Elliott $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold $38,700 -14.0% $17 / Sq Ft
03/30/2017 03/30/17 Pending -- -- --
11/17/2016 11/17/16 For Sale $45,000 -- $20 / 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 $5,228 $46,900 $4,300 $42,600
2023 $1,766 $46,900 $4,300 $42,600
2022 $1,791 $46,900 $4,300 $42,600
2021 $1,843 $46,900 $4,300 $42,600
2020 $5,471 $46,900 $4,300 $42,600
2019 $2,019 $46,900 $4,300 $42,600
2018 $4,635 $46,900 $4,300 $42,600
2017 $3,248 $46,900 $4,300 $42,600
2016 $1,880 $46,900 $4,300 $42,600
2015 -- $46,900 $4,300 $42,600
2014 -- $46,900 $4,300 $42,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: B1014123

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-040-0002-031-000-0000