NOT LISTED FOR SALE

128 S 8th St Olean, NY 14760

Estimated Value: $103,590 - $131,000

4 Beds
2 Baths
2,448 Sq Ft
$49/Sq Ft Est. Value

Last Sold October 01, 2022

Last sale price $54,000 $22 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $827/month

113 Days on Market

Highlights

  • Full Attic
  • Forced Air Cooling System
  • Baseboard Heating
  • Woodwork
  • Ceiling Fan
  • High Speed Internet

About This Home

As of October 2022

This duplex in West Olean is a solid investment property. With a lot of character that you see in many homes in West Olean, this home has natural woodwork and a nice traditional floorplan. Both units have two bedrooms and a small bonus room that is currently used as a children's room. The downstairs has one and a half baths with the half bath in the master bedroom. The first floor has access to the basement and the upstairs has a back porch and access to the full attic, with a partially finished area. The lot is an average sized backyard with a shed and has a stone driveway with room for 1-2 cars. The landlord pays for water and the rents are $650 and $600.

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 03/31/2022

Howard Hanna Professionals - Olean

Last Buyer's Agent

Thomas Pietras

Listing by RE/MAX On Point License #10401299467

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 128 x 50
  • Partially Fenced Property

Home Design

  • Duplex
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,448 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Laminate
  • Vinyl

Schools

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

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes water
  • Tax Lot 44
  • Assessor Parcel Number 041200-094-064-0012-044-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $1,200
  • Gross Income $13,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Annual Operating Expenses: 1200
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 62000
  • Gross Annual Income: 13800
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Number: 44
  • Nearest Cross Street: West Henley Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 367597.00
  • Ratio Close Price By Sq Ft: 22.06
  • Ratio List Price By Acres: 428182.44
  • Ratio List Price By Sq Ft: 25.69
  • Regional Board Code: Rochester
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 1646
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 2 Unit, Duplex, Upper/Lower
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6400
  • Age of Building: 112
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 2448
  • Directions To Property: From W State St (Route 417) turn onto S 8th St, the property is on the right
  • Sq Ft Total Pub: 2448
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some, Natural Woodwork - some
  • Attic Description: Full, Partially Finished
  • Basement Description: Full
  • Floor Description: Laminate-Some, Vinyl-Some
  • Total Sq Ft: 2448

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet, Partially Fenced Yard
  • Number of Acres: 0.1469

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Forced Air, Hot Water
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • 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: 041200-094-064-0012-044-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3394

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

Closed on
Nov 15, 1999
Sold by
Anderson Sheryl A
Bought by
Flinn Brian M
Current Estimated Value
$119,648
Source: Public Records

Range of Values:

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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
Flinn Brian M $54,802 Aimee La Fever Doyle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blinn Brian M $53,000
Closed Blinn Brian $15,200
Closed Blinn Brian M $54,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2022 10/01/22 Sold $54,000 -14.1% $22 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
06/27/2022 06/27/22 Price Changed $62,900 0.0% $26 / Sq Ft
06/27/2022 06/27/22 For Sale $62,900 +16.5% $26 / Sq Ft
05/18/2022 05/18/22 Off Market $54,000 -- --
03/31/2022 03/31/22 For Sale $69,900 -- $29 / 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 $2,341 $62,000 $6,300 $55,700
2023 $2,334 $62,000 $6,300 $55,700
2022 $2,368 $62,000 $6,300 $55,700
2021 $2,436 $62,000 $6,300 $55,700
2020 $2,453 $62,000 $6,300 $55,700
2019 $931 $62,000 $6,300 $55,700
2018 $3,344 $62,000 $6,300 $55,700
2017 $1,837 $62,000 $6,300 $55,700
2016 $1,792 $62,000 $6,300 $55,700
2015 -- $62,000 $6,300 $55,700
2014 -- $62,000 $6,300 $55,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1396797

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0012-044-000-0000