NOT LISTED FOR SALE

118 E Forest Ave Olean, NY 14760

Estimated Value: $97,000 - $122,000

4 Beds
2 Baths
1,540 Sq Ft
$69/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $55,000 $36 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $747/month

90 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Porch
  • Walk-In Pantry
  • 1 Car Detached Garage
  • Eat-In Kitchen

About This Home

As of February 2020

Beautiful home in North Olean. This wonderful house has 4 bedrooms and 2 full baths, formal dinning room, and ample storage. One car detached garage, blacktop drive way, and a large private back yard. Inside you will find a mudroom/pantry by the back entrance, a finished basement with additional storage and a covered front porch to enjoy a morning coffee or a relaxing evening. THIS PROPERTY IS A MUST SEE. CALL TODAY FOR A PRIVATE TOUR.

Last Agent to Sell the Property

Regis Handley

Listing by Howard Hanna Professionals - Olean License #10301215129 Listed on: 10/05/2019

Howard Hanna Professionals - Olean

Last Buyer's Agent

Karen Redding

Listing by Real Estate Pros & More License #30RE0680519

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1923

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 200 x 57

Parking

  • 1 Car Detached Garage

Home Design

  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,540 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Scuttle Attic Hole

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

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

Outdoor Features

  • Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 041200-094-049-0002-004-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 60000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 200
  • Lot Dimension Front: 57
  • Lot Information: Neighborhood Street
  • Lot Number: 4
  • Nearest Cross Street: Walnut
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 210164.31
  • Ratio Close Price By Sq Ft: 35.71
  • Ratio List Price By Acres: 221627.82
  • Ratio List Price By Sq Ft: 37.66
  • Regional Board Code: Rochester
  • School Tax: 1578
  • Styles of Residence: 2 Story
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 11400
  • Age of Building: 99
  • Year Built: 1923
  • Directions To Property: North Union to Forest Ave
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1923

Interior Features

  • Full Bathrooms: 2
  • Additional Rooms: Laundry-Basement, Porch - Open
  • Attic Description: Scuttle Access
  • Basement Description: Full, Partially Finished
  • Floor Description: Laminate-Some, Wall To Wall Carpet-Some, Wood-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Electric, Refrigerator
  • Kitchen Dining Description: Eat-In, Formal Dining Room, Pantry, Walk-In Pantry
  • Number of Bedrooms 2nd Floor: 4
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Full Bathrooms in the Basement: 1
  • Number of Rooms: 10
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Total Sq Ft: 1540

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.2617

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

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

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-049-0002-004-000-0000

Tax Info

  • Total Taxes: 3272

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2019
Closed on
Feb 24, 2020
Sold by
Mater Ronald G
Bought by
Webster Gregory
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Redding
Real Estate Pros & More
List Price
$58,000
Sold Price
$55,000
Premium/Discount to List
-$3,000
-5.17%
Current Estimated Value
$105,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,680
Avg. Annual Appreciation
12.62%
Original Mortgage
$40,000
Outstanding Balance
$31,828
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$75,041

Purchase Details

Listed on
Oct 5, 2019
Closed on
Feb 21, 2020
Sold by
Mater Ronald G
Bought by
Webster Gregory
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Redding
Real Estate Pros & More
List Price
$58,000
Sold Price
$55,000
Premium/Discount to List
-$3,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$31,828
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$75,041

Purchase Details

Listed on
Oct 5, 2019
Closed on
Feb 12, 2020
Sold by
Mater Ronald G and Mater Mary
Bought by
Webster Gregory
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Redding
Real Estate Pros & More
List Price
$58,000
Sold Price
$55,000
Premium/Discount to List
-$3,000
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$31,828
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$75,041
Source: Public Records

Range of Values:

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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
Webster Gregory $55,000 None Available
Webster Gregory $55,000 None Available
Webster Gregory $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Webster Gregory $40,000
Closed Webster Gregory $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2020 02/24/20 Sold $55,000 -5.2% $36 / Sq Ft
01/03/2020 01/03/20 Pending -- -- --
10/05/2019 10/05/19 For Sale $58,000 -- $38 / 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 $2,265 $60,000 $6,200 $53,800
2023 $2,259 $60,000 $6,200 $53,800
2022 $2,291 $60,000 $6,200 $53,800
2021 $2,358 $60,000 $6,200 $53,800
2020 $2,374 $60,000 $6,200 $53,800
2019 $630 $60,000 $6,200 $53,800
2018 $1,268 $60,000 $6,200 $53,800
2017 $684 $60,000 $6,200 $53,800
2016 $671 $60,000 $6,200 $53,800
2015 -- $60,000 $6,200 $53,800
2014 -- $60,000 $6,200 $53,800
Source: Public Records

Agents Affiliated with this Home

  • Regis Handley

    Seller's Agent in 2020

    Regis Handley

    Howard Hanna

    (716) 307-9256

    115 in this area

    210 Total Sales

    Regis Handley
    Section Image
  • Karen Redding

    Buyer's Agent in 2020

    Karen Redding

    Real Estate Pros & More

    (716) 359-6808

    20 in this area

    28 Total Sales

    Karen Redding
    Section Image
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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1230544

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-049-0002-004-000-0000

New York Cattaraugus County Olean 14760

118 E Forest Ave, Olean, NY

This home is located at 118 E Forest Ave, Olean, NY 14760 since 05 October 2019 and is currently estimated at $105,680, approximately $68 per square foot. This property was built in 1923. 118 E Forest Ave is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and New Life Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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