NOT LISTED FOR SALE

128 S 3rd St Olean, NY 14760

Estimated Value: $61,000 - $111,735

3 Beds
2 Baths
1,976 Sq Ft
$44/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $53,000 $27 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $921/month

101 Days on Market

Highlights

  • Woodwork
  • Wall to Wall Carpet
  • Heating System Uses Gas

About This Home

As of May 2022

Great investment opportunity! The upper unit has had the same tenant for 17 years and they maintain the lawn and driveway.

Last Listed By

Christine Jakubczyk

Listing by Howard Hanna Professionals License #40JA1153622 Listed on: 11/20/2021

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,872

Year Built

  • Built in 1900

Lot Details

  • 6,300 Sq Ft Lot
  • Lot Dimensions are 126 x 50

Parking

  • 2 Car Garage

Home Design

  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 1,976 Sq Ft Home
  • 2-Story Property
  • Woodwork

Flooring

  • Wall to Wall Carpet
  • Vinyl

Basement

  • Partial Basement
  • Sump Pump

Schools

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

Utilities

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

Listing and Financial Details

  • Rent includes heat, water
  • Tax Lot 25
  • Assessor Parcel Number 041200-094-065-0011-025-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,872

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 52500
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 126
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Number: 25
  • Nearest Cross Street: State St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 366528.35
  • Ratio Close Price By Sq Ft: 26.82
  • Ratio List Price By Acres: 345781.47
  • Ratio List Price By Sq Ft: 25.30
  • Regional Board Code: Rochester
  • Rent Includes: Heat, Water
  • Roof Description: Asphalt
  • School Tax: 1393
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6300
  • Age of Building: 122
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1976
  • Directions To Property: State St to Sth 3rd
  • Sq Ft Total Pub: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Laundry- Separate Hook ups- Some, Natural Woodwork - some, Sump Pump
  • Attic Description: Stair Access
  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1976

Exterior Features

  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1446

Garage/Parking

  • Number of Electric Meters: 1
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Blacktop, Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • 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: 041200-094-065-0011-025-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2872

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
Nov 20, 2021
Closed on
May 16, 2022
Sold by
Cavalier Louise I
Bought by
Mtk Development Llc
Seller's Agent
Christine Jakubczyk
Howard Hanna Professionals
Buyer's Agent
Regis Handley
Howard Hanna Professionals
List Price
$50,000
Sold Price
$53,000
Premium/Discount to List
$3,000
6%
Total Days on Market
101
Current Estimated Value
$115,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,932
Avg. Annual Appreciation
18.43%
Original Mortgage
$42,400
Outstanding Balance
$40,581
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$46,853

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
Mtk Development Llc $53,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mtk Development Llc $42,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $53,000 +6.0% $27 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
11/20/2021 11/20/21 For Sale $50,000 -- $25 / 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 $3,333 $52,500 $4,100 $48,400
2023 $1,977 $52,500 $4,100 $48,400
2022 $2,005 $52,500 $4,100 $48,400
2021 $2,063 $52,500 $4,100 $48,400
2020 $787 $52,500 $4,100 $48,400
2019 $788 $52,500 $4,100 $48,400
2018 $1,571 $52,500 $4,100 $48,400
2017 $842 $52,500 $4,100 $48,400
2016 $413 $52,500 $4,100 $48,400
2015 -- $52,500 $4,100 $48,400
2014 -- $52,500 $4,100 $48,400
Source: Public Records

Agents Affiliated with this Home

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Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1379239

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-065-0011-025-000-0000