NOT LISTED FOR SALE

1201 Reed St Olean, NY 14760

Estimated Value: $74,598 - $92,000

3 Beds
1.5 Baths
1,488 Sq Ft
$56/Sq Ft Est. Value

Last Sold June 29, 2015

Last sale price $36,000 $24 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $550/month

545 Days on Market

Highlights

  • Full Attic
  • Country Kitchen
  • Forced Air Cooling System
  • Corner Lot
  • Enclosed patio or porch
  • Security System Owned

About This Home

As of June 2015

Very well maintained 3 bedroom 1.5 bath home located on the corner just minutes from Olean High and Middle School. House features vinyl siding, newer roof, security system, covered porch and a half bath on the first floor. Great starter home for under $49000.

Last Listed By

Jon Farleo

Listing by Howard Hanna Professionals License #10301214488 Listed on: 12/03/2013

Howard Hanna Professionals

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1914

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 70 x 40
  • Corner Lot

Parking

  • No Garage

Home Design

  • Block Foundation
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 1,488 Sq Ft Home
  • 2-Story Property
  • Full Attic
  • Security System Owned

Kitchen

  • Country Kitchen
  • Gas Range

Flooring

  • Wall to Wall Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Enclosed patio or porch

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 041200-094-056-0003-006-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Age: 99
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 59000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 70
  • Lot Dimension Front: 40
  • Lot Information: Corner Lot
  • L P Per Acre: 750000.0000
  • List Price per Sq Ft: 30.2419
  • Nearest Cross Street: Eleventh
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 600000.00
  • Ratio Close Price By Sq Ft: 24.19
  • Ratio List Price By Acres: 750000.00
  • Ratio List Price By Sq Ft: 30.24
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1417
  • Sale Price List Price: 0.8000
  • S P Per Acre: 600000.0000
  • S P Per Sq Ft: 24.1900
  • Styles of Residence: 2 Story
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 45000.00
  • Year Built Description: Existing
  • Age of Building: 108
  • Year Built: 1914
  • Directions To Property: Turn off 12th. St house on corner of Reed and 11th. St.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1914

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Copper Plumbing - Some, Electrical Fuses - some, Security System - Owned
  • Additional Rooms: Foyer/Entry Hall, Laundry-Basement, Porch - Enclosed, Porch - Open
  • Attic Description: Full, Stair Access
  • Basement Description: Full
  • Floor Description: Laminate-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Gas, Refrigerator
  • Kitchen Dining Description: Country Kitchen
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 8
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 3
  • Total Sq Ft: 1488

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.0600

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: No Garage

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: 041200-094-056-0003-006-000-0000

Tax Info

  • Total Taxes: 3183

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2013
Closed on
Jun 26, 2015
Sold by
Munday Christopher
Bought by
Pawlak Jai
Seller's Agent
Jon Farleo
Howard Hanna Professionals
Buyer's Agent
Jon Farleo
Howard Hanna Professionals
List Price
$48,500
Sold Price
$36,000
Premium/Discount to List
-$12,500
-25.77%
Total Days on Market
545
Current Estimated Value
$83,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,650
Avg. Annual Appreciation
8.21%

Purchase Details

Closed on
Jun 23, 2011
Sold by
Omeara Mary
Bought by
Munday Christopher

Range of Values:

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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
Pawlak Jai $36,000 --
Munday Christopher $42,900 Daniel Palumbo
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2015 06/29/15 Sold $36,000 -25.8% $24 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
12/03/2013 12/03/13 For Sale $48,500 -- $33 / 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 $2,540 $40,000 $2,700 $37,300
2023 $1,506 $40,000 $2,700 $37,300
2022 $1,528 $40,000 $2,700 $37,300
2021 $1,572 $40,000 $2,700 $37,300
2020 $1,583 $40,000 $2,700 $37,300
2019 $600 $40,000 $2,700 $37,300
2018 $2,158 $40,000 $2,700 $37,300
2017 $1,621 $40,000 $2,700 $37,300
2016 $1,604 $40,000 $2,700 $37,300
2015 -- $59,000 $2,700 $56,300
2014 -- $59,000 $2,700 $56,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B442848

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-056-0003-006-000-0000