NOT LISTED FOR SALE

120 N 3rd St Olean, NY 14760

Estimated Value: $114,000 - $133,000

5 Beds
3 Baths
3,432 Sq Ft
$36/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $110,000 $32 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $847/month

39 Days on Market

Highlights

  • Wood Flooring
  • 3 Fireplaces
  • Balcony
  • Full Attic
  • Fenced Yard
  • Forced Air Cooling System

About This Home

As of February 2023

Excellent Income Opportunity on this Great duplex! Large rooms and beautiful woodwork in this old style charmer! Upper apartment has 4 Bedrooms, 1.5 baths with a laundry room and full size walk in closet. Downstairs is a 3 bedroom, 1 bath with Large enclosed porch that's an actual room. This home has a shared driveway for off street parking, and a fully fenced in back yard. Both electric & gas have separate meters, water is on one. Potential rent would be $1100+ upstairs and minimum of $895 downstairs.
The sellers did a ton of updates, to include 28 new windows, flooring, paint, appliances & more.

Last Listed By

Claudia Attard-Keary

Listing by Premier Listings Real Estate License #40AT1023399 Listed on: 08/05/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,467

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 150 x 30
  • Fenced Yard

Parking

  • Shared Driveway

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 3,432 Sq Ft Home
  • 2-Story Property
  • 3 Fireplaces
  • Electric Fireplace
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near a bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes water
  • Tax Lot 65
  • Assessor Parcel Number 041200-094-065-0010-065-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,467

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 45000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 150
  • Lot Dimension Front: 30
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 65
  • Nearest Cross Street: W state
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 1100000.00
  • Ratio Close Price By Sq Ft: 32.05
  • Ratio List Price By Acres: 1250000.00
  • Ratio List Price By Sq Ft: 36.42
  • Regional Board Code: Rochester
  • Rent Includes: Water
  • School Tax: 1194
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4356
  • Age of Building: 123
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 3432
  • Directions To Property: W state to n 3rd, first house after strohmans lot on the right
  • Sq Ft Total Pub: 3432
  • Attribution Contact: 716-307-8894
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Wall To Wall Carpet-Some
  • Number of Fireplaces Artificial: 3
  • Number of Fireplaces Total Calculated: 3
  • Total Sq Ft: 3432

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Balcony, Cable TV Available, Fully Fenced Yard, High Speed Internet, Patio
  • Number of Acres: 0.1000

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Shared

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-065-0010-065-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2467

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Feb 17, 2023
Sold by
Hoffman Patricia A
Bought by
Liliang Llc
Seller's Agent
Claudia Attard-Keary
Premier Listings Real Estate
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$125,000
Sold Price
$110,000
Premium/Discount to List
-$15,000
-12%
Total Days on Market
39
Current Estimated Value
$129,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,004
Avg. Annual Appreciation
4.83%
Original Mortgage
$82,500
Outstanding Balance
$80,416
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$41,605

Purchase Details

Closed on
Jan 11, 2021
Sold by
Schachter Corey P
Bought by
Hoffman Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 16, 2007
Sold by
Gray-Lewis Estate Stephen
Bought by
Schachter Corey

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Liliang Llc $110,000 None Available
Hoffman Patricia A $50,000 None Available
Schachter Corey $57,980 Nicholas Dicerbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liliang Llc $82,500
Previous Owner Hoffman Patricia A $55,500
Previous Owner Hoffman Patricia A $40,000
Previous Owner Hoffman Patricia A $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2023 02/17/23 Sold $110,000 -12.0% $32 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $125,000 0.0% $36 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $125,000 -- $36 / 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 $4,317 $68,000 $3,200 $64,800
2023 $2,560 $68,000 $3,200 $64,800
2022 $1,719 $45,000 $3,200 $41,800
2021 $1,768 $45,000 $3,200 $41,800
2020 $1,781 $45,000 $3,200 $41,800
2019 $1,021 $45,000 $3,200 $41,800
2018 $4,845 $68,000 $3,200 $64,800
2017 $2,080 $68,000 $3,200 $64,800
2016 $2,032 $68,000 $3,200 $64,800
2015 -- $68,000 $3,200 $64,800
2014 -- $68,000 $3,200 $64,800
Source: Public Records

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Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1425362

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-065-0010-065-000-0000