NOT LISTED FOR SALE

1311 Walnut St Olean, NY 14760

Estimated Value: $102,964 - $111,000

5 Beds
3 Baths
2,280 Sq Ft
$47/Sq Ft Est. Value

Last Sold May 26, 2022

Last sale price $89,000 $39 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $931/month

9 Days on Market

Highlights

  • Woodwork
  • Awning
  • Partially Fenced Property
  • Tile Flooring

About This Home

As of May 2022

Great investment opportunity. This well maintained 3 unit rental boasts a covered front porch and nice size back yard. It is located close to downtown shopping, restaurants, and entertainment. All units have 2 private entrance/exit points and come with refrigerators and stoves. Recent updates include vinyl siding and bathrooms. All units currently occupied. Don't miss out.

Last Listed By

Bobbi Jo Kent

Listing by ERA Team VP Real Estate License #10401334516 Listed on: 02/24/2022

ERA Team VP Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,974

Year Built

  • Built in 1910

Lot Details

  • 4,100 Sq Ft Lot
  • Lot Dimensions are 100 x 41
  • Partially Fenced Property

Parking

  • Shared Driveway

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,280 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Awning
  • Scuttle Attic Hole

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Sump Pump
  • Crawl Space

Utilities

  • Multiple Heating Units
  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Tax Lot 5
  • Assessor Parcel Number 041200-094-041-0001-005-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,974

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 54500
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 41
  • Lot Information: Neighborhood Street
  • Lot Number: 5
  • Nearest Cross Street: E Pine St.
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 945802.34
  • Ratio Close Price By Sq Ft: 39.04
  • Ratio List Price By Acres: 1020191.29
  • Ratio List Price By Sq Ft: 42.11
  • Regional Board Code: Buffalo
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 1441
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4100
  • Age of Building: 112
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 2280
  • Directions To Property: From North Union St. turn onto E Oak St. then turn left onto Walnut St. House is on the left.
  • Sq Ft Total Pub: 2280
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Additional Interior Features: Electrical Fuses - some, Laundry- Separate Hook ups- Some, Natural Woodwork - some, Sump Pump
  • Attic Description: Scuttle Access
  • Basement Description: Crawl Space, Full, Partial
  • Floor Description: Tile-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2280

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Awning, Partially Fenced Yard
  • Number of Acres: 0.0941

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: Shared

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Wall Furnace
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-041-0001-005-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2974

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
May 19, 2022
Sold by
Ralston Kelly L and Mccray Megan S
Bought by
Hulbert Scott J and Hulbert Amanda L
Seller's Agent
Bobbi Jo Kent
ERA Team VP Real Estate
Buyer's Agent
Ken Bailey
Real Estate Pros & More
List Price
$96,000
Sold Price
$89,000
Premium/Discount to List
-$7,000
-7.29%
Total Days on Market
9
Current Estimated Value
$115,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,549
Avg. Annual Appreciation
6.29%
Original Mortgage
$71,200
Outstanding Balance
$68,118
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$38,373

Purchase Details

Closed on
Feb 17, 2005
Sold by
Eicher James
Bought by
Mccray Jeffrey

Range of Values:

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Average Value
Not Available
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
Hulbert Scott J $89,000 None Available
Mccray Jeffrey $60,000 Gregory Shemeld
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hulbert Scott J $71,200
Previous Owner Mccray Jeffrey A $57,300
Previous Owner Mccray Jeffrey A $54,000
Previous Owner Mccray Jeffrey A $23,000
Previous Owner Mccray Jeffrey A $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2022 05/26/22 Sold $89,000 -7.3% $39 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $96,000 -- $42 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $3,460 $54,500 $3,900 $50,600
2023 $2,052 $54,500 $3,900 $50,600
2022 $2,081 $54,500 $3,900 $50,600
2021 $2,142 $54,500 $3,900 $50,600
2020 $2,157 $54,500 $3,900 $50,600
2019 $818 $54,500 $3,900 $50,600
2018 $2,940 $54,500 $3,900 $50,600
2017 $2,209 $54,500 $3,900 $50,600
2016 $2,185 $54,500 $3,900 $50,600
2015 -- $54,500 $3,900 $50,600
2014 -- $54,500 $3,900 $50,600
Source: Public Records

Agents Affiliated with this Home

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Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1390345

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-041-0001-005-000-0000