NOT LISTED FOR SALE

1305 Olean Portville Rd Olean, NY 14760

-- Bed
-- Bath
4,284 Sq Ft
2.06 Acres Lot

Sale Details

Date Sold: November 29, 2018

Last sale price $50,000 $12 Per Sq Ft

94 Days on Market

Highlights

  • 2.06 Acre Lot
  • Property is near public transit
  • Forced Air Heating System
  • Portville Elementary School Rated A-
  • Wood Flooring
  • 1 Car Garage

About This Home

As of November 2018

Multi-unit property that contains 2 unit Main house, 1 unit bungalow , 1 unit apt/business office building. All tenant units rented. Business space used previously for Accounting office and will be vacant soon. The Accounting office will be moved to the Portville Area. Great investment opportunity.

Last Agent to Sell the Property

Scott Napora

Listing by Real Estate Pros & More License #10401295928 Listed on: 08/01/2018

Last Buyer's Agent

Thomas Fenner

Listing by Real Estate Pros & More License #10301223660

Property Details

Property Type

  • Other

Year Built

  • Built in 1940

Lot Details

  • 2.06 Acre Lot
  • Lot Dimensions are 327x568

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Mixed Use
  • Vinyl Siding

Interior Spaces

  • 4,284 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Flooring

  • Wood
  • Vinyl

Location

  • Flood Zone Lot
  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 24
  • Assessor Parcel Number 047489-104-005-0002-024-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Gas Meters
  • Operating Expense $2,500
  • Gross Income $18,600

Property Details

Property Type

Other

Year Built

Built in 1940

Lot Details

2.06 Acres

Parking

1

Listing Details

  • Business Type: Mixed
  • Property Sub Type: Mixed Use
  • Property Type: Residential
  • Year Built: 1940
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Flood Zone, Near Public Transit
  • Directions: Located on Portville Olean road ( Rte 417) directly across the road from Weston Mills Fire Department.
  • Flooring: Hardwood, Varies, Vinyl
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 2.06
  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

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

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available
  • Water Source: Well

Schools

  • Junior High Dist: Portville

Lot Info

  • Parcel Number: 047489-104-005-0002-024-000-0000
  • Lot Dimensions: 327X568
  • Lot Size Sq Ft: 89734.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 18600.0
  • Annual Operating Expense: 2500.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 10056.0
  • Tax Lot: 24
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2018 11/29/18 Sold $50,000 -67.7% $12 / Sq Ft
11/03/2018 11/03/18 Pending -- -- --
09/27/2018 09/27/18 Price Changed $155,000 -8.8% $36 / Sq Ft
08/01/2018 08/01/18 For Sale $170,000 -- $40 / 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
2025 $2,828 $65,000 $22,000 $43,000
2024 $2,791 $65,000 $22,000 $43,000
2023 $2,742 $65,000 $22,000 $43,000
2022 $2,627 $65,000 $22,000 $43,000
2021 $2,683 $65,000 $22,000 $43,000
2020 $2,695 $65,000 $22,000 $43,000
2019 $3,448 $65,000 $22,000 $43,000
2018 $10,248 $149,500 $22,000 $127,500
2017 $10,057 $149,500 $22,000 $127,500
2016 $9,787 $149,500 $22,000 $127,500
2015 -- $149,500 $22,000 $127,500
2014 -- $149,500 $22,000 $127,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1138278

Chautauqua-Cattaraugus Board of REALTORS®
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