NOT LISTED FOR SALE

1203 Reed St Olean, NY 14760

Estimated Value: $71,000 - $89,000

2 Beds
1 Bath
1,116 Sq Ft
$75/Sq Ft Est. Value

Last Sold April 11, 2018

Last sale price $34,500 $31 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $547/month

169 Days on Market

Highlights

  • 2 Car Detached Garage
  • Eat-In Kitchen
  • Baseboard Heating
  • Thermal Windows
  • Tile Flooring
  • Rectangular Lot

About This Home

As of April 2018

This home is a typical older 2 story city home that has been well tended to but decor is dated. There is a long term tenant paying $750.00/month rent and, if sold to a investor, would be more than willing to stay. For a owner/occupant, it would provide very comfortable living quarters.

Last Listed By

Ron Wolf

Listing by Real Estate Pros & More License #30WO0580127 Listed on: 09/14/2017

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 4,480 Sq Ft Lot
  • Lot Dimensions are 112 x 40
  • Rectangular Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Stone Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,116 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Partial Basement
  • Scuttle Attic Hole
  • Eat-In Kitchen
  • Laundry on main level

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 041200-094-056-0003-005-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 48500
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 112
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 5
  • Lot Shape: Rectangular
  • Nearest Cross Street: N 11th st
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 335603.11
  • Ratio Close Price By Sq Ft: 30.91
  • Ratio List Price By Acres: 378404.67
  • Ratio List Price By Sq Ft: 34.86
  • Regional Board Code: Rochester
  • School Tax: 1276
  • Styles of Residence: 2 Story
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4480
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: west state street turn north onto 11th. Street to Reed. Turn left. Home is 2nd house on the left. Watch for sign.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Circuit Breakers - Some
  • Additional Rooms: Laundry-1st Floor
  • Attic Description: Scuttle Access
  • Basement Description: Partial
  • Floor Description: Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Dining Description: Eat-In
  • Number of Bedrooms 2nd Floor: 2
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 1116

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Thermal Windows - Some
  • Number of Acres: 0.1028

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Detached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Hot Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean
  • Elementary School: Washington West Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-056-0003-005-000-0000

Tax Info

  • Total Taxes: 2661

MLS Schools

  • Elementary School Name: Washington West 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
Sep 14, 2017
Closed on
Apr 16, 2018
Sold by
Bennett Gordon W
Bought by
Carapellatti Kim M
Seller's Agent
Ron Wolf
Real Estate Pros & More
Buyer's Agent
Margie Kandefer
Howard Hanna Professionals
List Price
$38,900
Sold Price
$34,500
Premium/Discount to List
-$4,400
-11.31%
Total Days on Market
169
Current Estimated Value
$83,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,114
Avg. Annual Appreciation
13.26%

Purchase Details

Listed on
Sep 14, 2017
Closed on
Apr 11, 2018
Sold by
Bennett Gordon W
Bought by
Carapellatti Kim M
Seller's Agent
Ron Wolf
Real Estate Pros & More
Buyer's Agent
Margie Kandefer
Howard Hanna Professionals
List Price
$38,900
Sold Price
$34,500
Premium/Discount to List
-$4,400
-11.31%

Purchase Details

Listed on
Sep 14, 2017
Closed on
Apr 4, 2018
Sold by
Bennett Gordon W
Bought by
Carapellatti Kim M
Seller's Agent
Ron Wolf
Real Estate Pros & More
Buyer's Agent
Margie Kandefer
Howard Hanna Professionals
List Price
$38,900
Sold Price
$34,500
Premium/Discount to List
-$4,400
-11.31%

Purchase Details

Closed on
Apr 30, 2012
Sold by
Pierce Margaret
Bought by
Bennett Gordon

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
Carapellatti Kim M $34,500 None Available
Carapellatti Kim M $34,500 None Available
Carapellatti Kim M -- --
Bennett Gordon $40,000 Jeffrey Reisner
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pierce Margaret Virgin $40,000
Previous Owner Pierce V Margaret $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2018 04/11/18 Sold $34,500 -11.3% $31 / Sq Ft
03/02/2018 03/02/18 Pending -- -- --
09/14/2017 09/14/17 For Sale $38,900 -- $35 / 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 $3,079 $48,500 $3,500 $45,000
2023 $1,826 $48,500 $3,500 $45,000
2022 $1,852 $48,500 $3,500 $45,000
2021 $1,906 $48,500 $3,500 $45,000
2020 $1,919 $48,500 $3,500 $45,000
2019 $784 $48,500 $3,500 $45,000
2018 $2,616 $48,500 $3,500 $45,000
2017 $1,966 $48,500 $3,500 $45,000
2016 $2,730 $48,500 $3,500 $45,000
2015 -- $48,500 $3,500 $45,000
2014 -- $48,500 $3,500 $45,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1075971

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-056-0003-005-000-0000