$122,000
SOLD DEC 19, 2024

118 W Oak St Olean, NY 14760

2 Beds
1.5 Baths
1,122 Sq Ft
4,224 Sq Ft Lot

Recently Sold

$109 Per Sq Ft

2% Below List Price

102 Days on Market

Highlights

  • Deck
  • 1 Car Attached Garage
  • Laundry Room
  • Porch
  • Open Patio
  • Sliding Doors

About This Home

As of December 2024

Discover your perfect home in this beautifully updated 2-bedroom, 1.5-bath gem! Located on a tranquil street, this residence boasts a thoughtful layout and modern conveniences designed for comfortable living.

Enjoy a bright and airy living room dining room combo, perfect for both entertaining and everyday living. The modern kitchen features a vaulted ceiling, adding a touch of elegance and spaciousness, ideal for cooking up your favorite meals.

The home includes two cozy bedrooms on the second floor along with a full bath, while a convenient half bath is situated on the first floor for guests. Step out to a lovely backyard with a deck, perfect for relaxing or entertaining. The partially fenced yard offers privacy and space for outdoor activities.

One car garage provides ample storage space, making it easy to keep your home clutter-free. With a complete renovation in 2017, this home is move-in ready. Updates include new windows, electrical, drywall, gas forced air furnace, hot water tank, flooring, bathrooms, and siding. Enjoy the ease of first-floor laundry.

Last Agent to Sell the Property

Ken Bailey

Listing by Real Estate Pros & More Brokerage Phone: 716-307-6960 License #10371200907 Listed on: 08/05/2024

Last Buyer's Agent

Timothy Ulinger

Listing by eXp Realty License #10401328087

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,579

Year Built

  • Built in 1892

Lot Details

  • 4,224 Sq Ft Lot
  • Lot Dimensions are 32x132

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Home Design

  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 1,122 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Partial Basement

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Deck
  • Open Patio
  • Porch

Schools

  • East View Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 041200-094-040-0002-042-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,579

Year Built

Built in 1892

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1892
  • Attribution Contact: 716-307-6960
  • ResoLaundryFeatures: Main Level
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: North Union Street to West Oak Street.
  • Architectural Style: Two Story
  • Flooring: Carpet, Laminate, Varies
  • Garage Yn: Yes
  • Interior Features: Separate/Formal Living Room, Living/Dining Room, Sliding Glass Door(s)
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Appliances: Appliances Negotiable, Dishwasher, Electric Water Heater, Gas Oven, Gas Range
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Main Level Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.097
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Deck, Gravel Driveway
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Open, Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean
  • Ninth Grade High School: Olean Senior High
  • Middle Or Junior School: Olean Middle

Lot Info

  • Parcel Number: 041200-094-040-0002-042-000-0000
  • Lot Dimensions: 32X132
  • Lot Size Sq Ft: 4224.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2579.0
  • Tax Lot: 42

MLS Schools

  • Elementary School: East View Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Dec 19, 2024
Sold by
Delong Paul L and Delong Karen S
Bought by
George Brian J and George Amy E
Seller's Agent
Ken Bailey
Real Estate Pros & More
Buyer's Agent
Timothy Ulinger
eXp Realty
List Price
$125,000
Sold Price
$122,000
Premium/Discount to List
-$3,000
-2.4%
Views
33
Current Estimated Value
$117,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,356
Avg. Annual Appreciation
-7.01%
Original Mortgage
$97,600
Outstanding Balance
$97,264
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$20,380

Purchase Details

Listed on
Jun 15, 2017
Closed on
Sep 11, 2017
Sold by
Schnell Matthew P
Bought by
Delong Paul L
Seller's Agent
Dennis Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Dennis Pezzimenti
Howard Hanna Professionals - Olean
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.25%

Purchase Details

Listed on
Sep 28, 2015
Closed on
Dec 11, 2015
Sold by
Wilkes Carrie H
Bought by
Schnell Matthew P and Schnell Schnell
Seller's Agent
Karen Redding
Real Estate Pros & More
Buyer's Agent
Dennis Pezzimenti
Howard Hanna Professionals - Olean
List Price
$21,000
Sold Price
$11,000
Premium/Discount to List
-$10,000
-47.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
165.11%

Purchase Details

Closed on
Jun 25, 2004
Sold by
Austin Gary
Bought by
Wilkes Carrie
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 $122,000 None Available
Deed $60,000 Brian Palumbo
Deed $60,000 Brian Palumbo
Deed $11,000 Daniel R. Palumbo
Deed $11,000 Daniel R. Palumbo
Deed $40,000 Gregory E. Shemeld
Deed $40,000 Gregory E. Shemeld
Deed $40,000 Gregory Shemeld
Deed $40,000 Gregory Shemeld
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $97,600 Purchase Money Mortgage
Previous Owner $75,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2024 12/19/24 Sold $122,000 -2.4% $109 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $125,000 +108.3% $111 / Sq Ft
09/12/2017 09/12/17 Sold $60,000 -14.2% $53 / Sq Ft
07/27/2017 07/27/17 Pending -- -- --
06/15/2017 06/15/17 For Sale $69,900 +535.5% $62 / Sq Ft
12/18/2015 12/18/15 Sold $11,000 -47.6% $10 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $21,000 -- $19 / 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 $1,812 $48,000 $3,500 $44,500
2023 $1,807 $48,000 $3,500 $44,500
2022 $1,833 $48,000 $3,500 $44,500
2021 $1,886 $48,000 $3,500 $44,500
2020 $1,899 $48,000 $3,500 $44,500
2019 $720 $48,000 $3,500 $44,500
2018 $2,618 $48,000 $3,500 $44,500
2017 $1,946 $48,000 $3,500 $44,500
2016 $3,293 $48,000 $3,500 $44,500
2015 -- $48,000 $3,500 $44,500
2014 -- $48,000 $3,500 $44,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1557034

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-040-0002-042-000-0000