NOT LISTED FOR SALE

1221 Promised Land Rd Olean, NY 14760

Estimated Value: $105,000 - $124,000

3 Beds
1 Bath
1,080 Sq Ft
$108/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $75,000 $69 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $829/month

1 Day on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Formal Dining Room
  • Portville Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 1 Car Detached Garage

About This Home

As of October 2020

Charming 3 bedroom Cape Cod home in Portville School District. Built and owned by 1 family. Original woodwork, hardwood floors, First floor bedroom and newer remodeled bath. This home has vinyl siding, newer replacement windows, central air conditioning. Beautiful deep lot for your enjoyment.

Last Agent to Sell the Property

Mary Karst

Listing by Howard Hanna Professionals - Olean License #30KA0826754 Listed on: 06/28/2020

Howard Hanna Professionals - Olean

Last Buyer's Agent

Claudia Attard-Keary

Listing by EXP-Premier Listings Team License #40AT1023399

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,494

Year Built

  • Built in 1941

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 1 x 1

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,080 Sq Ft Home
  • 1.5-Story Property
  • Formal Dining Room
  • Free-Standing Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 1 Car Detached Garage
  • Dirt Driveway

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 047489-104-005-0001-024-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,494

Year Built

Built in 1941

Lot Details

0

Listing Details

  • NY Swis Code: Portville-047489
  • Total Assessed Value: 61000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 1
  • Lot Dimension Front: 1
  • Lot Information: Neighborhood Street
  • Lot Number: 24
  • Nearest Cross Street: Burnt Hill Road
  • Number of Stories: 1.5000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 163043.48
  • Ratio Close Price By Sq Ft: 69.44
  • Ratio List Price By Acres: 162826.09
  • Ratio List Price By Sq Ft: 69.35
  • Regional Board Code: Rochester
  • School Tax: 1466
  • Styles of Residence: Cape Cod
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 20038
  • Age of Building: 81
  • Year Built: 1941
  • Directions To Property: Route 417 to Promised land Road
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1941

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: 1st Floor Bedroom, 1st Floor Master Bedroom, Laundry-Basement
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dryer, Oven/Range Freestanding, Refrigerator, Washer
  • Kitchen Dining Description: Formal Dining Room
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1080

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.4600

Garage/Parking

  • Driveway Description: Dirt
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 047489-104-005-0001-024-000-0000

Tax Info

  • Total Taxes: 2494

MLS Schools

  • School District Name: Portville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2020
Closed on
Sep 1, 2020
Sold by
Steiner Joyce A and Steiner Andrew R
Bought by
Mcandrew Joan
Seller's Agent
Mary Karst
Howard Hanna Professionals - Olean
Buyer's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
List Price
$74,900
Sold Price
$75,000
Premium/Discount to List
$100
0.13%
Current Estimated Value
$116,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,982
Avg. Annual Appreciation
8.87%
Original Mortgage
$65,000
Outstanding Balance
$57,683
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$59,299
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
Mcandrew Joan $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcandrew Joan $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $75,000 +0.1% $69 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/28/2020 06/28/20 For Sale $74,900 -- $69 / 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 $2,619 $61,000 $8,300 $52,700
2023 $2,573 $61,000 $8,300 $52,700
2022 $2,465 $61,000 $8,300 $52,700
2021 $2,517 $61,000 $8,300 $52,700
2020 $1,094 $61,000 $8,300 $52,700
2019 $28 $61,000 $8,300 $52,700
2018 $1,123 $61,000 $8,300 $52,700
2017 $1,113 $61,000 $8,300 $52,700
2016 $1,079 $61,000 $8,300 $52,700
2015 -- $61,000 $8,300 $52,700
2014 -- $61,000 $8,300 $52,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mary Karst

    Howard Hanna

    Section Image
  • Claudia Attard-Keary

    Buyer's Agent in 2020

    Claudia Attard-Keary

    EXP-Premier Listings Team

    (716) 307-8894

    23 in this area

    320 Total Sales

    Claudia Attard-Keary
    Section Image
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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1275000

Chautauqua-Cattaraugus Board of REALTORS®

APN: 047489-104-005-0001-024-000-0000

New York Cattaraugus County Olean 14760

1221 Promised Land Rd, Olean, NY

Not Listed for Sale

Detached

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