$155,000
SOLD JUL 6, 2022

118 Virginia St Olean, NY 14760

3 Beds
2 Baths
1,762 Sq Ft
6,544 Sq Ft Lot

Recently Sold

$88 Per Sq Ft

13% Below List Price

77 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Gas Fireplace
  • Den
  • Forced Air Cooling System
  • 5-minute walk to Joseph Magnano Park

About This Home

As of January 2024

Gorgeous split level home in a nice neighborhood! This home features a cozy Family room/Den on the lower level. First floor has a formal living area which opens up to a beautiful dining room. Dining room leads to a large kitchen area with ample cupboard space. There is a charming separate pantry off the kitchen. The bathroom on this floor has been redone. On to the next level, there are 2 spacious bedrooms with nice size closets and another full bath. A few steps away is a nicely done Master bedroom with a walk in closet. This seller has impeccable taste as you will clearly see, and has done some renovations on every part of the house! New flooring in the kitchen, bathroom and den. Some hardwood floors have been refinished, painting, plumbing, new shower, new sewage lines (18K), New shed. Outside features a great back deck overlooking a wooded sloping back yard. The yard is totally fenced in and there is a park right around the corner if you have children or pets.
This beauty is turn key and will not last long!! Don't miss out, schedule your showing soon! Michael Phelps Master Swim Spa (owner paid 27k) and a lot of the furniture will be sold separately.

Last Agent to Sell the Property

Karen Callahan

Listing by RE/MAX On Point License #10401294365 Listed on: 02/28/2022

RE/MAX On Point

Last Buyer's Agent

Paul Conklin

Listing by ERA Team VP Real Estate License #40CO0885468

ERA Team VP Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,035

Year Built

  • Built in 1930

Lot Details

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

Parking

  • No Garage

Interior Spaces

  • 1,762 Sq Ft Home
  • 1.5-Story Property
  • Gas Fireplace
  • Den
  • Partial Basement

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

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

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

$5,035

Year Built

Built in 1930

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 92000
  • 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: York
  • Number of Stories: 1.5000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 1031957.39
  • Ratio Close Price By Sq Ft: 87.97
  • Ratio List Price By Acres: 1125166.44
  • Ratio List Price By Sq Ft: 95.91
  • Regional Board Code: Buffalo
  • School Tax: 2442
  • Styles of Residence: Split Level
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6544
  • Age of Building: 92
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 1114
  • Directions To Property: Head SE on North Union to South Union St. Turn Left onto York. Turn left onto Vermont St. Cont. to Virginia St.
  • Sq Ft Total Pub: 1762
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Full Bathrooms: 2
  • Additional Rooms: Den/Study
  • Attic Description: Crawl Space
  • Basement Description: Partial
  • Floor Description: Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some, Wood-Some
  • Kitchen Appliances Included: Cooktop - Electric, Dishwasher, Disposal, Microwave, Refrigerator
  • Kitchen Dining Description: Eat-In
  • 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: 9
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1762

Exterior Features

  • Construction: Brick, Shake Shingle
  • 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

Schools

  • School District: Olean

Lot Info

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

Tax Info

  • Total Taxes: 5035

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
9.14%
Original Mortgage
$299,475
Outstanding Balance
$295,661
Interest Rate
7.03%
Mortgage Type
FHA
Estimated Equity
-$109,328

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Open $299,475 FHA
Closed $118,000 Purchase Money Mortgage
Previous Owner $152,192 FHA
Previous Owner $64,500 Purchase Money Mortgage
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: B1390720

Western New York Real Estate Information Services (WNYREIS)

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