$60,000
SOLD SEP 12, 2017

118 W Oak St Olean, NY 14760

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

Recently Sold

$53 Per Sq Ft

14% Below List Price

42 Days on Market

Highlights

  • Deck
  • Solid Surface Countertops
  • Forced Air Cooling System
  • Wood Flooring
  • 1 Car Detached Garage
  • Sliding Doors

About This Home

As of December 2024

This North Olean has been totally remodeled. The kitchen has a bamboo floor with concrete counter tops and all brand new appliances. The kitchen has cabinet lightning that changes color and there is a sliding door leading to the deck. The laundry is located next to the kitchen and washer and dryer are included. The living room is large and great for entertaining. The home has two bedrooms and one half bathrooms. There is a one car garage with a partially fenced yard. This home is ready to go.

Last Agent to Sell the Property

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10491207167 Listed on: 06/15/2017

Howard Hanna Professionals - Olean

Last Buyer's Agent

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10491207167 Listed on: 06/15/2017

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,623

Year Built

  • Built in 1892

Lot Details

  • 4,224 Sq Ft Lot
  • Lot Dimensions are 132 x 32
  • Partially Fenced Property
  • Rectangular Lot

Home Design

  • Stone Foundation

Interior Spaces

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

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Stone Driveway

Outdoor Features

  • Deck

Schools

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

Utilities

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

$2,623

Year Built

Built in 1892

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 48000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 132
  • Lot Dimension Front: 32
  • Lot Information: Neighborhood Street
  • Lot Number: 42
  • Lot Shape: Rectangular
  • Nearest Cross Street: North Union Street
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 618556.70
  • Ratio Close Price By Sq Ft: 53.48
  • Ratio List Price By Acres: 720618.56
  • Ratio List Price By Sq Ft: 62.30
  • Regional Board Code: Rochester
  • School Tax: 1254
  • Styles of Residence: 2 Story
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4224
  • Age of Building: 130
  • Year Built: 1892
  • Directions To Property: Turn off North Union onto West Oak Street. Home is on right.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1892

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Sliding Glass Door
  • Additional Rooms: Laundry-1st Floor
  • Basement Description: Partial
  • Floor Description: Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Dryer, Microwave, Oven/Range Gas, Range Hood-Exhaust Fan, Refrigerator, Washer
  • Kitchen Dining Description: Solid Surface Counter
  • Number of Bedrooms 2nd Floor: 2
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 5
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 2
  • Total Sq Ft: 1122

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, Deck, High Speed Internet, Partially Fenced Yard
  • Number of Acres: 0.0970

Garage/Parking

  • Driveway Description: Stone/Gravel
  • 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
  • Elementary School: East View Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

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

Tax Info

  • Total Taxes: 2623

MLS Schools

  • Elementary School Name: East View Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • 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
$118,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,527
Avg. Annual Appreciation
-5.70%
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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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: B1055486

Chautauqua-Cattaraugus Board of REALTORS®

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