NOT LISTED FOR SALE

120 N 3rd St Olean, NY 14760

Estimated Value: $114,000 - $165,000

5 Beds
3 Baths
3,432 Sq Ft
$39/Sq Ft Est. Value

Sale Details

Date Sold: February 17, 2023

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

Est. 21% increase in value since last sale

Current estimated payment $843 / mo

39 Days on Market

Highlights

  • Property is near public transit
  • 3 Fireplaces
  • Patio
  • Wood Flooring
  • Balcony
  • Forced Air Heating 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 Agent to Sell the Property

Claudia Attard-Keary

Listing by EXP-Premier Listings Team Brokerage Phone: 716-307-8894 License #40AT1023399 Listed on: 08/05/2022

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

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 30x150
  • Property is Fully Fenced

Parking

  • Common or Shared Parking

Home Design

  • Vinyl Siding

Interior Spaces

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Utilities

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

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,467

Year Built

Built in 1900

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1900
  • Attribution Contact: 716-307-8894
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Directions: W state to n 3rd, first house after strohmans lot on the right
  • Flooring: Carpet, Ceramic Tile, Hardwood, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Fireplaces: 3
  • Stories: 2
  • Stories: 2

Exterior Features

  • Fencing: Full
  • Acres: 0.1
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Balcony, Fully Fenced, Patio
  • Patio And Porch Features: Balcony, Patio

Garage/Parking

  • Parking Features: Common, Two or More Spaces

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

Lot Info

  • Parcel Number: 041200-094-065-0010-065-000-0000
  • Lot Dimensions: 30X150
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 2467.0
  • Tax Lot: 65

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
EXP-Premier Listings Team
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$125,000
Sold Price
$110,000
Premium/Discount to List
-$15,000
-12%
Current Estimated Value
$132,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,899
Avg. Annual Appreciation
6.03%
Original Mortgage
$82,500
Outstanding Balance
$79,534
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$53,365

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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
2025 $4,561 $68,000 $3,200 $64,800
2024 $4,300 $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

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1425362

Chautauqua-Cattaraugus Board of REALTORS®

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

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