$85,000
SOLD OCT 26, 2018

116 E Oak St Olean, NY 14760

3 Beds
1.5 Baths
1,456 Sq Ft
3,680 Sq Ft Lot

Recently Sold

$58 Per Sq Ft

5% Below List Price

18 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Formal Dining Room
  • Traditional Architecture
  • Home Office
  • Porch

About This Home

As of June 2023

WELCOME HOME! A meticulously maintained home on a double lot has everything you could imagine! This 3 bedroom, 1.5 bathroom home is PERFECT for those looking for MOVE-IN READY! As you walk through the front door you'll instantly feel right at home! A large dining room opens to your spacious living room w/ fireplace. Huge eat-in kitchen leads to a newer deck overlooking your spacious yard! First floor bathroom and office are added bonuses! Second story features an amazing master bedroom complete with office area, double door closets, half bathroom, and bonus area which can serve as a nursery, crafting room, or additional storage space! Two more generously sized bedrooms complete this floor. This wonderful home has been tastefully updated throughout and is ready for you and your loved ones!

Last Agent to Sell the Property

Ciji VanDyke

Listing by RE/MAX On Point License #40SH1133987 Listed on: 07/27/2018

RE/MAX On Point

Last Buyer's Agent

Darcy Branch

Listing by No Office Affiliation License #40BR0766111

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,094

Year Built

  • Built in 1900

Lot Details

  • 3,680 Sq Ft Lot
  • Lot Dimensions are 92 x 76

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,456 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Free Standing Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Unfinished Attic

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

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

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • 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

$4,094

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: 76
  • Lot Information: Neighborhood Street, Secondary Road
  • Lot Number: 3
  • Nearest Cross Street: North Union Street
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 531250.00
  • Ratio Close Price By Sq Ft: 58.38
  • Ratio List Price By Acres: 561875.00
  • Ratio List Price By Sq Ft: 61.74
  • Regional Board Code: Buffalo
  • School Tax: 1944
  • Styles of Residence: 2 Story, Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3680
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: Take North Union Street to East Oak Street. House is located between North Union Street and Walnut Street.
  • 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, Natural Woodwork - some
  • Additional Rooms: Den/Study, Laundry-Basement, Living Room, Master Bedroom Bath, Office, Porch - Open
  • Attic Description: Crawl Space, Unfinished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Dryer, Microwave, Negotiable, Oven/Range Gas, Refrigerator, Washer
  • Kitchen Dining Description: Eat-In, Formal Dining Room, Island
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Freestanding: 1
  • 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, High Speed Internet
  • Number of Acres: 0.1600

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

Schools

  • School District: Olean

Lot Info

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

Tax Info

  • Total Taxes: 4094

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 - Olean
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$99,900
Sold Price
$103,092
Premium/Discount to List
$3,192
3.2%
Current Estimated Value
$124,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,318
Avg. Annual Appreciation
7.60%
Original Mortgage
$99,999
Outstanding Balance
$97,801
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$22,957

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
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $103,500 None Available
Deed $85,000 None Available
Warranty Deed -- --
Deed $85,000 None Available
Deed $73,130 J. Michael Shane
Deed $24,000 --
Deed $24,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $99,999 Purchase Money Mortgage
Closed $3,092 Purchase Money Mortgage
Previous Owner $68,000 Unknown
Previous Owner $68,000 New Conventional
Previous Owner $68,000 Unknown
Previous Owner $195 Unknown
Previous Owner $68,400 Purchase Money Mortgage
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: 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 $2,790 $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: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1137310

Western New York Real Estate Information Services (WNYREIS)

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