NOT LISTED FOR SALE

118 S 4th St Olean, NY 14760

Estimated Value: $68,000 - $168,000

3 Beds
2 Baths
1,705 Sq Ft
$62/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $65,000 $38 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $824/month

6 Days on Market

Highlights

  • Wood Flooring
  • Full Attic
  • Forced Air Cooling System

About This Home

As of June 2021

Great income property. Some hardwood floors. nice woodwork, 2 bedrooms up with a partially finished attic with plumbing for a second bathroom. Lower apartment has a nice size 1 bedroom master with bathroom. Off street parking.This property is priced to sell!

Last Listed By

Karen Callahan

Listing by RE/MAX On Point License #10401294365 Listed on: 04/01/2021

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,453

Year Built

  • Built in 1910

Lot Details

  • 5,120 Sq Ft Lot
  • Lot Dimensions are 128 x 40

Parking

  • Stone Driveway

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,705 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Vinyl

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 10
  • Assessor Parcel Number 041200-094-064-0014-010-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,453

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 45000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 10
  • Nearest Cross Street: State
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 553191.49
  • Ratio Close Price By Sq Ft: 38.12
  • Ratio List Price By Acres: 536170.21
  • Ratio List Price By Sq Ft: 36.95
  • Regional Board Code: Buffalo
  • Rent Includes: No Utilities
  • School Tax: 1190
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5120
  • Age of Building: 113
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 1705
  • Directions To Property: State Street to S 4th
  • Sq Ft Total Pub: 1705
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some
  • Total Sq Ft: 1705

Exterior Features

  • Construction: Vinyl, Wood
  • Number of Acres: 0.1175

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Stone/Gravel

Utilities

  • Heating Fuel Description: Electric, Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-064-0014-010-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2453

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 1997
Sold by
Gelsomino Frank T
Bought by
Perkins James A
Total Days on Market
6
Current Estimated Value
$105,194

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Olean, NY

  • 605 W State St, Olean, NY 14760

    $120,000

    • 5 Beds
    • 2 Baths
    • 2,168 Sq Ft
    • 605 W State St
    • Olean, NY

    Great opportunity to own a large 2 family home. Perfect for owner occupied or investors. Come right in and rent out or live in one and rent the other. Priced to sell. Both tenant occupied. $950/month.

    Thomas Cafarella Cameron Real Estate Group

    Section Image
  • 108 N 4th St, Olean, NY 14760

    $87,900

    • 4 Beds
    • 2 Baths
    • 2,388 Sq Ft
    • 108 N 4th St
    • Olean, NY

    Excellent investment opportunity or perfect for owner-occupancy! This well-maintained 2,388 sq ft two-unit property is ideally located near downtown Olean, offering easy access to shopping, dining, schools, parks, and other local amenities. Each unit features 2 bedrooms, 1 full bathroom, spacious living and dining areas, and separate utilities for tenant convenience. On-street parking is

    Regis Handley Howard Hanna Professionals

    Section Image
  • 1015 Washington St, Olean, NY 14760

    $89,900

    • 4 Beds
    • 2 Baths
    • 1,988 Sq Ft
    • 1015 Washington St
    • Olean, NY

    Turnkey investment opportunity in the City of Olean. This upper/lower duplex is fully rented and ready for new ownership. The lower unit is currently leased at $750 per month to a local company that covers all utilities for the tenant. The lease includes a 60-day eviction clause, offering flexibility for future use. This property has been well maintained, with one side of the roof

    Paul Pezzimenti Howard Hanna Professionals

    Section Image
  • 116 E Green St, Olean, NY 14760

    $94,900

    • 3 Beds
    • 2 Baths
    • 2,052 Sq Ft
    • 116 E Green St
    • Olean, NY

    This is a fantastic investment opportunity! This well-maintained duplex offers two units with great potential. The downstairs unit is a spacious 2-bedroom, 1-bath, while the upper unit is a cozy 1-bedroom, 1-bath. Both units feature brand new stoves, refrigerators, and washer/dryer units for convenience. The property has seen numerous updates over the years, including renovated kitchens and

    Claudia Attard-Keary Premier Listings Real Estate

    Section Image
  • 123 Fulton St, Olean, NY 14760

    $79,900

    • 4 Beds
    • 2 Baths
    • 2,432 Sq Ft
    • 123 Fulton St
    • Olean, NY

    Check out this two family income property.

    John Dwaileebe Howard Hanna Professionals

    Section Image
  • 104 S 14th St, Olean, NY 14760

    $119,000

    • 4 Beds
    • 2 Baths
    • 2,114 Sq Ft
    • 104 S 14th St
    • Olean, NY

    Multi Family duplex centrally located in the city of Olean. Off street parking, newer roof, new windows, Beautiful wood work, hardwood floors, High ceilings, Front porch. Each apartment has 2 bedrooms and One full bathroom. The upsatirs is currently rented. The lower is vacant but ready to rent. 13% ROI based on asking price.

    James Dwaileebe 3D Real Estate LLC

    Section Image
  • 301 Coleman St, Olean, NY 14760

    $79,900

    • 4 Beds
    • 3 Baths
    • 2,764 Sq Ft
    • 301 Coleman St
    • Olean, NY

    Prime Investment Opportunity in North Olean!Nestled in the heart of North Olean, this 3-unit property offers incredible potential for investors or owner-occupiers. Located just around the corner from Olean Intermediate Middle School and a short stroll to Downtown Olean, this property provides convenience and accessibility in a highly desirable area.Each unit features separate

    Paul Pezzimenti Howard Hanna Professionals

    Section Image
  • 216 N 15th St, Olean, NY 14760

    $119,000

    • 7 Beds
    • 3 Baths
    • 2,370 Sq Ft
    • 216 N 15th St
    • Olean, NY

    Great investment property. Main property has three bedrooms 1 full bath. Tenant pays $750/mo and has been a long standing tenant. Out back has a 2 unit with both being a 2 bed and 1 bath. Upper unit is occupied and tenant pays $500/mo. Lower is unoccupied but has brought in $500/mo in the past. Live in one and let the rest pay the mortgage or rent the last apartment and have a great rental

    Kelly Patrone Howard Hanna Professionals

    Section Image
  • 218 N 15th St, Olean, NY 14760

    $115,000

    • 5 Beds
    • 3.5 Baths
    • 2,566 Sq Ft
    • 218 N 15th St
    • Olean, NY

    Three bed one and a half bath home with 2)one bedroom apartments detached in the back. Take advantage of this home with a first floor laundry and an oversized kitchen with plenty of cupboard and counter space. Main house has a car port for parking your vehicle with one other space for back tenants. Apartments out back have a patio for the downstairs and a covered porch for the upstairs. This

    Rebecca Laborde Premier Listings Real Estate

    Section Image

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
Perkins James A $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Witte Matthew F $48,750
Closed Thutaram Tanooj K $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2021 06/11/21 Sold $65,000 +3.2% $38 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $63,000 -- $37 / 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 $2,857 $45,000 $3,700 $41,300
2023 $1,694 $45,000 $3,700 $41,300
2022 $1,719 $45,000 $3,700 $41,300
2021 $1,768 $45,000 $3,700 $41,300
2020 $1,781 $45,000 $3,700 $41,300
2019 $675 $45,000 $3,700 $41,300
2018 $2,427 $45,000 $3,700 $41,300
2017 $1,824 $45,000 $3,700 $41,300
2016 $1,804 $45,000 $3,700 $41,300
2015 -- $45,000 $3,700 $41,300
2014 -- $45,000 $3,700 $41,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1327079

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0014-010-000-0000