$45,900

1206 Spruce St Olean, NY 14760

Estimated payment $302/month

Total Views 10,272
4 Beds
2 Baths
1,950 Sq Ft
$24 Price per Sq Ft

About This Home

Discover potential in this charming investment property. This property features two spacious apartments, each offering two bedrooms and one bath, ideal for tenants seeking comfortable living spaces. While it requires some renovation work, the potential return on investment is promising. Bring your vision to life with the opportunity to personalize and enhance the property to maximize rental income potential.

Listing Agent

Tina Perkins

Listing by RE/MAX On Point Brokerage Phone: 716-373-7325 License #10401371041 Listed on: 05/20/2025

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 33x132
  • Rectangular Lot

Parking

  • 1 Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,950 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating System Uses Gas
  • Wall Furnace
  • Gas Water Heater

Community Details

  • 2 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 041200-094-040-0003-028-000-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1920
  • Attribution Contact: 716-373-7325
  • Lot Features: Other, Rectangular, Rectangular Lot, See Remarks
  • Directions: N 4th to Spruce
  • Flooring: Other, See Remarks
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.09
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: One Space

Utilities

  • Heating: Gas, Wall Furnace
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-040-0003-028-000-0000
  • Lot Dimensions: 33X132
  • Lot Size Sq Ft: 3920.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 4124.0
  • Tax Lot: 28

Map

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

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 $2,345 $23,655 $2,600 $21,055
2023 $891 $23,655 $2,600 $21,055
2022 $903 $23,655 $2,600 $21,055
2021 $930 $23,655 $2,600 $21,055
2020 $2,014 $23,655 $2,600 $21,055
2019 $355 $23,655 $2,600 $21,055
2018 $2,338 $23,655 $2,600 $21,055
2017 $2,025 $23,655 $2,600 $21,055
2016 $2,006 $23,655 $2,600 $21,055
2015 -- $23,655 $2,600 $21,055
2014 -- $35,000 $2,600 $32,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 For Sale $45,900 +76.5% $24 / Sq Ft
09/09/2024 09/09/24 Sold $26,000 +48.6% $13 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $17,500 -55.1% $9 / Sq Ft
06/17/2022 06/17/22 Sold $39,000 0.0% $20 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/13/2022 04/13/22 Price Changed $39,000 -7.1% $20 / Sq Ft
03/31/2022 03/31/22 For Sale $42,000 +90.9% $22 / Sq Ft
06/12/2015 06/12/15 Sold $22,000 -11.6% $11 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $24,900 -- $13 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $39,000 None Available
Warranty Deed $29,000 First American Title
Deed $22,000 Eric Firkel
Deed $22,000 Eric Firkel
Interfamily Deed Transfer -- Daniel Palumbo
Interfamily Deed Transfer -- Daniel Palumbo
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $17,600 Purchase Money Mortgage
Source: Public Records

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

MLS Number: B1607551

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-040-0003-028-000-0000