NOT LISTED FOR SALE

118 Virginia St Olean, NY 14760

Estimated Value: $173,000 - $197,000

3 Beds
2 Baths
1,762 Sq Ft
$105/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $161,000 $91 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,366/month

9 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Eat-In Kitchen
  • Den
  • Fenced Yard
  • 5-minute walk to Joseph Magnano Park

About This Home

As of January 2024

Wonderful split level home in pleasant neighborhood. Inviting family room/den on the lower level. Formal living room on first floor leading into beautiful dining room. Large eat-in kitchen features abundant cupboards and separate pantry room. Full bath on this floor also. Stairs lead up to two spacious bedrooms both with closets. Another full bath can be found here. Wander into a cozy master bedroom with walk in closet. Relax on your back deck/patio overlooking the back yard with shed. Yard is fully fenced in. Park is located right around the corner. This could be just the home you've been waiting for!

Last Agent to Sell the Property

Paul Conklin

Listing by ERA Team VP Real Estate Brokerage Phone: 716-378-5023 License #40CO0885468 Listed on: 10/28/2023

ERA Team VP Real Estate

Last Buyer's Agent

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,600

Year Built

  • Built in 1930

Lot Details

  • 6,544 Sq Ft Lot
  • Lot Dimensions are 114 x 57
  • Fenced Yard

Parking

  • No Garage

Home Design

  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,762 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Formal Dining Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Laundry in Basement

Outdoor Features

  • Patio

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 041200-094-081-0003-027-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,600

Year Built

Built in 1930

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 110000
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 114
  • Lot Dimension Front: 57
  • Lot Information: Neighborhood Street
  • Lot Number: 27
  • Nearest Cross Street: Vermont
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 1071904.13
  • Ratio Close Price By Sq Ft: 91.37
  • Ratio List Price By Acres: 1131158.46
  • Ratio List Price By Sq Ft: 96.42
  • Regional Board Code: Buffalo
  • Roof Description: Asphalt
  • School Tax: 1000
  • Styles of Residence: Split Level
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6544
  • Age of Building: 94
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 1114
  • Directions To Property: South on North Union to South Union Street. Turn left onto York. Turn left onto Vermont and continue to Virginia Steet.
  • Sq Ft Total Pub: 1762
  • Attribution Contact: 716-378-5023
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1930

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Additional Rooms: Den/Study, Family Room, Laundry-Basement
  • Attic Description: Crawl Space
  • Basement Description: Partial
  • Floor Description: Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Electric, Dishwasher, Microwave
  • Kitchen Dining Description: Eat-In, Formal Dining Room
  • Number of Bedrooms 2nd Floor: 3
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 7
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1762

Exterior Features

  • Construction: Brick, Shake Shingle
  • Additional Exterior Features: Cable TV Available, Fully Fenced Yard, Patio
  • Number of Acres: 0.1502

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Electric, Gas
  • Hvac Type: Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-081-0003-027-000-0000

Tax Info

  • Total Taxes: 3600

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2023
Closed on
Jan 5, 2024
Sold by
Wight Aaron M
Bought by
Snyder Amy L
Seller's Agent
Paul Conklin
ERA Team VP Real Estate
Buyer's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
List Price
$169,900
Sold Price
$161,000
Premium/Discount to List
-$8,900
-5.24%
Views
86
Current Estimated Value
$184,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,667
Avg. Annual Appreciation
9.32%
Original Mortgage
$299,475
Outstanding Balance
$295,661
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
-$110,328

Purchase Details

Listed on
Feb 28, 2022
Closed on
Jul 6, 2022
Sold by
Haffner Paula C
Bought by
Wight Aaron M
Seller's Agent
Karen Callahan
RE/MAX On Point
Buyer's Agent
Paul Conklin
ERA Team VP Real Estate
List Price
$179,000
Sold Price
$155,000
Premium/Discount to List
-$24,000
-13.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.56%
Original Mortgage
$152,192
Interest Rate
5.1%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 17, 2005
Sold by
Kurjakovic Cindy
Bought by
Haffner Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2000
Sold by
Ferster David and Ferster Victoria
Bought by
Kurjakovic Cindy
Source: Public Records

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
Snyder Amy L $161,000 None Available
Wight Aaron M $155,000 None Available
Haffner Paula $84,500 Daniel Palumbo
Kurjakovic Cindy $89,900 Gregory Peterson
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wight Aaron $299,475
Closed Snyder Amy L $118,000
Previous Owner Wight Aaron M $152,192
Previous Owner Haffner Paula $64,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $161,000 -5.2% $91 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
10/28/2023 10/28/23 For Sale $169,900 +9.6% $96 / Sq Ft
07/06/2022 07/06/22 Sold $155,000 -8.3% $88 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
04/13/2022 04/13/22 Price Changed $169,000 -5.6% $96 / Sq Ft
02/28/2022 02/28/22 For Sale $179,000 -- $102 / 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 $4,153 $110,000 $14,000 $96,000
2023 $4,141 $110,000 $14,000 $96,000
2022 $3,514 $92,000 $14,000 $78,000
2021 $3,615 $92,000 $14,000 $78,000
2020 $2,212 $92,000 $14,000 $78,000
2019 $1,381 $92,000 $14,000 $78,000
2018 $4,321 $92,000 $14,000 $78,000
2017 $3,053 $92,000 $14,000 $78,000
2016 $2,995 $92,000 $14,000 $78,000
2015 -- $121,000 $14,000 $107,000
2014 -- $121,000 $14,000 $107,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1506955

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-081-0003-027-000-0000