NOT LISTED FOR SALE

116 E Oak St Olean, NY 14760

Estimated Value: $117,699 - $135,000

3 Beds
1.5 Baths
1,456 Sq Ft
$85/Sq Ft Est. Value

Last Sold June 08, 2023

Last sale price $103,092 $71 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $814/month

36 Days on Market

Highlights

  • Deck
  • Old Style Architecture
  • Formal Dining Room
  • Wood Flooring
  • Home Office
  • Porch

About This Home

As of June 2023

This cozy 3 bedroom 1.5 bath traditional home is move in ready. Walk in the front door and feel welcomed right from the start. Dining room has the old wood floors that have been stained . Living room has nice plush carpet. Kitchen is spacious with plenty of counter space and cabinetry. Breakfast bar with space to eat or add to your work space. Full bath off the kitchen. French doors open to a nice deck to enjoy the back yard space. Upstairs has 3 nice sized bedrooms. Master holds a dressing area with a large closet and a 1/2 bath for convenience. Shed for outside storage. Partially fenced in yard. The best part is the lot next to the house is included. Great place to put in a pool, garage or leave for extra yard space.

Last Listed By

Kelly Patrone

Listing by Howard Hanna Professionals License #30PA0967867 Listed on: 11/29/2022

Howard Hanna Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,029

Year Built

  • Built in 1900

Lot Details

  • 3,680 Sq Ft Lot
  • Lot Dimensions are 92 x 40
  • Partially Fenced Property

Parking

  • No Garage

Home Design

  • Old Style Architecture
  • Block Foundation
  • Asphalt Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 1,456 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Formal Dining Room
  • Home Office
  • Scuttle Attic Hole

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Partial Basement
  • Laundry in Basement
  • Crawl Space

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 041200-094-041-0002-003-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,029

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 73900
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 92
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 3
  • Nearest Cross Street: N Union St Ext
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 1220023.67
  • Ratio Close Price By Sq Ft: 70.80
  • Ratio List Price By Acres: 1182248.52
  • Ratio List Price By Sq Ft: 68.61
  • Regional Board Code: Rochester
  • Roof Description: Asphalt
  • School Tax: 1954
  • Styles of Residence: 2 Story, Old Style
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3680
  • Age of Building: 123
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1456
  • Directions To Property: N Union Street Extension to E Oak. Take a right onto E oak.
  • Sq Ft Total Pub: 1456
  • Attribution Contact: 716-353-3222
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some
  • Additional Rooms: Laundry-Basement, Living Room, Office, Porch - Open
  • Attic Description: Scuttle Access
  • Basement Description: Crawl Space, Partial
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Microwave, Oven/Range Gas, Refrigerator
  • Kitchen Dining Description: Breakfast Bar, Eat-In, Formal Dining Room
  • Number of Bedrooms 2nd Floor: 3
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Half Bathrooms: 1
  • Number of Rooms: 8
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 3
  • Total Sq Ft: 1456

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Deck, Partially Fenced Yard
  • Number of Acres: 0.0845

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Hot Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-041-0002-003-000-0000

Tax Info

  • Total Taxes: 4029

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2022
Closed on
May 26, 2023
Sold by
Mcelresh Reed
Bought by
Birschbach Andrew G
Seller's Agent
Kelly Patrone
Howard Hanna Professionals
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals
List Price
$99,900
Sold Price
$103,092
Premium/Discount to List
$3,192
3.2%
Total Days on Market
36
Current Estimated Value
$124,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,333
Avg. Annual Appreciation
7.62%
Original Mortgage
$99,999
Outstanding Balance
$98,012
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$20,700

Purchase Details

Listed on
Jul 27, 2018
Closed on
Oct 25, 2018
Sold by
Eaton Gregory S
Bought by
Mcelfresh Reed
Seller's Agent
Ciji VanDyke
RE/MAX On Point
Buyer's Agent
Darcy Branch
No Office Affiliation
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$68,000
Interest Rate
4.7%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 27, 2018
Closed on
Oct 16, 2018
Sold by
Eaton Gregory S
Bought by
Mcelfresh Reed
Seller's Agent
Ciji VanDyke
RE/MAX On Point
Buyer's Agent
Darcy Branch
No Office Affiliation
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
4.7%
Mortgage Type
Unknown

Purchase Details

Listed on
Jul 27, 2018
Closed on
Sep 25, 2018
Sold by
Eaton Gregory S
Bought by
Mcelfresh Reed
Seller's Agent
Ciji VanDyke
RE/MAX On Point
Buyer's Agent
Darcy Branch
No Office Affiliation
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
4.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 19, 2008
Sold by
Quattrone Samuel
Bought by
Eaton Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 1997

Purchase Details

Closed on
Jun 1, 1997

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
Birschbach Andrew G $103,500 None Available
Mcelfresh Reed $85,000 None Available
Mcelfresh Reed -- --
Mcelfresh Reed $85,000 None Available
Eaton Gregory $73,130 J. Michael Shane
-- $24,000 --
-- $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birschbach Andrew G $99,999
Closed Birschbach Andrew G $3,092
Previous Owner Mcelfresh Reed $68,000
Previous Owner Mcelfresh Reed $68,000
Previous Owner Mcelfresh Reed $68,000
Previous Owner Eaton Gregory S $195
Previous Owner Eaton Gregory $68,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2023 06/08/23 Sold $103,092 +3.2% $71 / Sq Ft
01/04/2023 01/04/23 Pending -- -- --
12/20/2022 12/20/22 For Sale $99,900 0.0% $69 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/29/2022 11/29/22 For Sale $99,900 +17.5% $69 / Sq Ft
10/26/2018 10/26/18 Sold $85,000 -5.5% $58 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
07/27/2018 07/27/18 For Sale $89,900 -- $62 / 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 $4,692 $73,900 $3,700 $70,200
2023 $2,782 $73,900 $3,700 $70,200
2022 $2,822 $73,900 $3,700 $70,200
2021 $2,904 $73,900 $3,700 $70,200
2020 $2,924 $73,900 $3,700 $70,200
2019 $1,109 $73,900 $3,700 $70,200
2018 $3,345 $73,900 $3,700 $70,200
2017 $2,319 $73,900 $3,700 $70,200
2016 $2,269 $73,900 $3,700 $70,200
2015 -- $73,900 $3,700 $70,200
2014 -- $73,900 $3,700 $70,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1446889

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-041-0002-003-000-0000