NOT LISTED FOR SALE

1208 Washington St Olean, NY 14760

Estimated Value: $54,000 - $107,000

6 Beds
2 Baths
2,058 Sq Ft
$36/Sq Ft Est. Value

Last Sold August 14, 2024

Last sale price $50,750 $25 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $423/month

119 Days on Market

Highlights

  • Forced Air Heating System
  • 1 Car Garage
  • Vinyl Flooring

About This Home

As of August 2024

Nestled in a quiet residential neighborhood, this charming two-family home offers an excellent opportunity for both homeowners and investors alike. The lower unit, with its inviting facade, features three spacious bedrooms and a well-appointed bathroom, providing a comfortable and functional living space. One of the standout features of this property is the upper unit, a blank canvas awaiting your creative touch. With an unfinished layout, the upper level can be transformed into a spacious three-bedroom apartment or divided into a two-bedroom unit and a separate studio apartment, offering versatility to suit your specific needs. This flexibility makes it an excellent option for those seeking additional rental income or for those looking to accommodate a growing family. A convenient garage located in the rear of the property offers secure storage and parking options. This is a valuable asset, especially in areas where parking is at a premium. The well-maintained landscaping surrounding the home adds to its curb appeal, creating a welcoming environment for all who visit.

Last Agent to Sell the Property

Regis Handley

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-307-9256 License #10301215129 Listed on: 01/17/2024

Howard Hanna Professionals - Olean

Last Buyer's Agent

Kevin Kelly

Listing by Howard Hanna WNY Inc. License #10401200205

Howard Hanna WNY Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,028

Year Built

  • Built in 1910

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 15x140

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,058 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Washer Hookup

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Rent includes water
  • Tax Lot 50
  • Assessor Parcel Number 041200-094-064-0002-050-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,028

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Water
  • Year Built: 1910
  • Attribution Contact: 716-307-9256
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: 12th St to Washington
  • Flooring: Laminate, Varies, Vinyl
  • Garage Yn: Yes
  • 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: 6
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.09
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Block

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Gravel, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • 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: 041200-094-064-0002-050-000-0000
  • Lot Dimensions: 15X140
  • Lot Size Sq Ft: 3920.0
  • ResoLotSizeUnits: Acres
  • 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: 2028.0
  • Tax Lot: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
Aug 13, 2024
Sold by
Anderson Joshua J
Bought by
Kenyon-Mcdade Kayleigh M
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Kevin Kelly
Howard Hanna WNY Inc.
List Price
$54,900
Sold Price
$50,750
Premium/Discount to List
-$4,150
-7.56%
Views
302
Current Estimated Value
$68,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,574
Avg. Annual Appreciation
30.46%
Original Mortgage
$76,000
Outstanding Balance
$75,143
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$515

Purchase Details

Closed on
Nov 21, 2014
Sold by
Pantano Paul R
Bought by
Anderson Joshua J
Source: Public Records
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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
Kenyon-Mcdade Kayleigh M $50,000 None Available
Anderson Joshua J $10,000 Daniel R. Palumbo
Anderson Joshua J $10,000 Daniel R. Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kenyon-Mcdade Kayleigh M $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2024 08/14/24 Sold $50,750 -7.6% $25 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $54,900 0.0% $27 / Sq Ft
01/29/2024 01/29/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $54,900 -- $27 / 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
2024 $2,371 $37,500 $1,500 $36,000
2023 $1,412 $37,500 $1,500 $36,000
2022 $1,432 $37,500 $1,500 $36,000
2021 $1,474 $37,500 $1,500 $36,000
2020 $1,484 $37,500 $1,500 $36,000
2019 $1,224 $37,500 $1,500 $36,000
2018 $2,080 $37,500 $1,500 $36,000
2017 $2,597 $37,500 $1,500 $36,000
2016 $3,689 $37,500 $1,500 $36,000
2015 -- $37,500 $1,500 $36,000
2014 -- $37,500 $1,500 $36,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1517356

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0002-050-000-0000