NOT LISTED FOR SALE

118 Virginia St Olean, NY 14760

Estimated Value: $171,000 - $229,000

3 Beds
2 Baths
1,762 Sq Ft
$114/Sq Ft Est. Value

Sale Details

Date Sold: January 5, 2024

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

Est. 24% increase in value since last sale

Current estimated payment $1,433 / mo

9 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Patio
  • Den
  • Eat-In Kitchen
  • 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

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 57x114
  • Property is Fully Fenced

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Poured Concrete
  • Shake Siding
  • Copper Plumbing

Interior Spaces

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

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Laundry in Basement

Parking

  • No Garage
  • Driveway

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating 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

6,544 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1930
  • Attribution Contact: 716-378-5023
  • ResoLaundryFeatures: In Basement
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: South on North Union to South Union Street. Turn left onto York. Turn left onto Vermont and continue to Virginia Steet.
  • Architectural Style: Split Level
  • Flooring: Carpet, Hardwood, Laminate, Varies
  • Garage Yn: No
  • Interior Features: Den, Separate/Formal Dining Room, Eat-in Kitchen
  • Unit Levels: One
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Gas Water Heater, Microwave
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Stories: 1
  • Stories: 1

Exterior Features

  • Fencing: Full
  • Acres: 0.1502
  • Waterfront: No
  • Construction Type: Brick, Shake Siding, Copper Plumbing
  • Exterior Features: Concrete Driveway, Fully Fenced, Patio
  • Foundation Details: Poured
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Heating: Electric, Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-081-0003-027-000-0000
  • Lot Dimensions: 57X114
  • Lot Size Sq Ft: 6544.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3600.0
  • Tax Lot: 27

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2023
Closed on
Jan 5, 2024
Sold by
Bought by
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
$200,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,425
Avg. Annual Appreciation
9.43%
Original Mortgage
$118,000
Outstanding Balance
$115,436
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$84,989

Purchase Details

Listed on
Feb 28, 2022
Closed on
Jul 6, 2022
Sold by
Bought by
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
Bought by

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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$161,000 None Available
$155,000 None Available
$84,500 Daniel Palumbo
$89,900 Gregory Peterson
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $118,000
Previous Owner $152,192
Previous Owner $64,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,221 $110,000 $14,000 $96,000
2024 $6,955 $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

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