$11,000
SOLD DEC 18, 2015

118 W Oak St Olean, NY 14760

2 Beds
1 Bath
1,122 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$10 Per Sq Ft

48% Below List Price

17 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Forced Air Cooling System
  • Formal Dining Room
  • Enclosed patio or porch

About This Home

As of December 2024

Older 2 bdrm., 1 bath home with garage in nice neighborhood. There is water damage and property needs furnace. Great winter project for investor or handyman. Priced well below assessed value. 21,000

Last Agent to Sell the Property

Karen Redding

Listing by Real Estate Pros & More License #30RE0680519 Listed on: 09/28/2015

Last Buyer's Agent

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10491207167

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1892

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 132 x 32

Home Design

  • Block Foundation

Interior Spaces

  • 1,122 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Dirt Driveway

Outdoor Features

  • Enclosed patio or porch

Utilities

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

Listing and Financial Details

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

Home Details

Home Type

Single Family

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Age: 123
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 48000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 32
  • Lot Information: Neighborhood Street
  • L P Per Acre: 210000.0000
  • List Price per Sq Ft: 18.7165
  • Nearest Cross Street: North Union
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 110000.00
  • Ratio Close Price By Sq Ft: 9.80
  • Ratio List Price By Acres: 210000.00
  • Ratio List Price By Sq Ft: 18.72
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1230
  • Sale Price List Price: 0.5238
  • S P Per Acre: 110000.0000
  • S P Per Sq Ft: 9.8000
  • Styles of Residence: 2 Story
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 21000.00
  • Year Built Description: Existing
  • Age of Building: 130
  • Year Built: 1892
  • Directions To Property: North Union to West Oak - house is on the right.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1892

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Electrical Fuses - some
  • Additional Rooms: Porch - Enclosed
  • Basement Description: Full
  • Floor Description: Hardwood-Some
  • Kitchen Appliances Included: Negotiable
  • Kitchen Dining Description: Formal Dining Room
  • Number of Bedrooms 2nd Floor: 2
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 5
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 1122

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1000

Garage/Parking

  • Driveway Description: Dirt
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

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

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-040-0002-042-000-0000

Tax Info

  • Total Taxes: 2554

MLS Schools

  • School District Name: Olean

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

Range of Values:

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Average Value
Not Available
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 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: 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 $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: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B486228

Western New York Real Estate Information Services (WNYREIS)

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