NOT LISTED FOR SALE

116 Madison Ave Olean, NY 14760

Estimated Value: $216,000 - $233,000

4 Beds
2 Baths
1,840 Sq Ft
$120/Sq Ft Est. Value

Last Sold November 25, 2019

Last sale price $144,000 $78 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,383/month

90 Days on Market

Highlights

  • Deck
  • Private Yard
  • 1.5 Car Attached Garage
  • Traditional Architecture
  • Porch
  • Eat-In Kitchen

About This Home

As of November 2019

Move right in to this 4 bedroom 2 full bath traditional home in a quiet and convenient neighborhood. Spacious living room with gas fireplace and skylights that bring in the natural sunlight. First floor bedroom or office with family room that is a great space for entertaining. Large screened in porch for quiet enjoyment. Lots of built in cabinets makes for great storage. Private backyard with playhouse or just a place to store more stuff. 1.5 car garage, nice dry basement with the potential to be finished. Newer boiler mate and heating system. Located near the hospital and private golf course.

Last Agent to Sell the Property

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867 Listed on: 06/06/2019

Howard Hanna Professionals - Olean

Last Buyer's Agent

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867 Listed on: 06/06/2019

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,923

Year Built

  • Built in 1910

Lot Details

  • 9,750 Sq Ft Lot
  • Lot Dimensions are 150 x 65
  • Private Yard

Home Design

  • Traditional Architecture
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 1,840 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Scuttle Attic Hole

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 1.5 Car Attached Garage
  • Garage Door Opener

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 6
  • Assessor Parcel Number 041200-094-042-0002-006-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,923

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 128000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 150
  • Lot Dimension Front: 65
  • Lot Information: Neighborhood Street
  • Lot Number: 6
  • Nearest Cross Street: Main
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 643431.64
  • Ratio Close Price By Sq Ft: 78.26
  • Ratio List Price By Acres: 600983.02
  • Ratio List Price By Sq Ft: 73.10
  • Regional Board Code: Rochester
  • School Tax: 3307
  • Styles of Residence: Traditional
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 9750
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: Main st to Madison
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some
  • Additional Rooms: 1st Floor Bedroom, Family Room, Laundry-Basement, Living Room, Porch - Open
  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Disposal, Dryer, Oven/Range Gas, Refrigerator, Washer
  • Kitchen Dining Description: Breakfast Bar, Eat-In
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 8
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Total Sq Ft: 1840

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Deck, Garage Door Opener, High Speed Internet, Private Yard - see Remarks
  • Number of Acres: 0.2238

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Attached
  • Number of Garage Spaces: 1.5000

Utilities

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

Lot Info

  • Parcel Number: 041200-094-042-0002-006-000-0000

Tax Info

  • Total Taxes: 6923

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2019
Closed on
Nov 25, 2019
Sold by
Badanes Minna
Bought by
Austin Phillip Allen
Seller's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
Buyer's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
List Price
$139,900
Sold Price
$144,000
Premium/Discount to List
$4,100
2.93%
Current Estimated Value
$221,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,520
Avg. Annual Appreciation
7.33%
Original Mortgage
$144,001
Outstanding Balance
$127,774
Interest Rate
3.6%
Estimated Equity
$93,746

Purchase Details

Closed on
Apr 20, 2009
Sold by
Droney Sheryl
Bought by
Badanes Minna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,500
Interest Rate
5.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 24, 2000
Sold by
Karuch John L
Bought by
Droney Michael J An Dsheryl M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Austin Phillip Allen $144,001 None Available
Austin Phillip Allen $144,001 None Available
Badanes Minna $125,000 Gregory Shemeld
Droney Michael J An Dsheryl M $115,000 Daniel De Rose
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Phillip Allen $144,001
Closed Austin Phillip Allen $144,001
Previous Owner Marra Steven J $60,000
Previous Owner Badanes Minna $12,500
Previous Owner Badanes Minna $100,000
Previous Owner Droney Michael J $76,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2019 11/25/19 Sold $144,000 +7.1% $78 / Sq Ft
09/04/2019 09/04/19 Pending -- -- --
07/24/2019 07/24/19 Price Changed $134,500 -3.9% $73 / Sq Ft
06/06/2019 06/06/19 For Sale $139,900 -- $76 / 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 $7,569 $128,000 $17,200 $110,800
2023 $4,234 $128,000 $17,200 $110,800
2022 $4,272 $128,000 $17,200 $110,800
2021 $5,030 $128,000 $17,200 $110,800
2020 $4,319 $128,000 $17,200 $110,800
2019 $1,921 $128,000 $17,200 $110,800
2018 $5,477 $128,000 $17,200 $110,800
2017 $3,712 $128,000 $17,200 $110,800
2016 $3,669 $128,000 $17,200 $110,800
2015 -- $128,000 $17,200 $110,800
2014 -- $128,000 $17,200 $110,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1199867

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-042-0002-006-000-0000