NOT LISTED FOR SALE

1316 Washington St Olean, NY 14760

Estimated Value: $62,000 - $124,261

4 Beds
2 Baths
2,148 Sq Ft
$43/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $65,000 $30 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $568/month

6 Days on Market

Highlights

  • Finished Attic
  • Corner Lot
  • 2 Car Garage
  • Full Attic
  • Baseboard Heating
  • 3-minute walk to Marcus Park & Playfields

About This Home

As of November 2023

Great income property in the heart of Olean, NY. Can be sold as a single unit or portfolio with 3 other Multi family homes. Schedule a showing today!

Last Agent to Sell the Property

Ashley Taylor

Listing by Howard Hanna Professionals - Olean License #10401356306 Listed on: 07/12/2023

Howard Hanna Professionals - Olean

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,877

Year Built

  • Built in 1890

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 80 x 50
  • Corner Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • 2,148 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Attic

  • Full Attic
  • Finished Attic

Parking

  • 2 Car Garage
  • On-Street Parking

Utilities

  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Tax Lot 22
  • Assessor Parcel Number 041200-094-064-0001-022-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,877

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 53000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 80
  • Lot Dimension Front: 50
  • Lot Information: Corner Lot
  • Lot Number: 22
  • Nearest Cross Street: N thirteenth
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 708061.00
  • Ratio Close Price By Sq Ft: 30.26
  • Ratio List Price By Acres: 870370.37
  • Ratio List Price By Sq Ft: 37.20
  • Regional Board Code: Rochester
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 1398
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4000
  • Age of Building: 133
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 2148
  • Directions To Property: From W State St, turn right onto N 13th street. Continue to the end of the block, the property will be located on the corner of Washington St and the second block of N 13th.
  • Sq Ft Total Pub: 2148
  • Attribution Contact: 716-353-0324
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Full Bathrooms: 2
  • Attic Description: Finished, Full
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Total Sq Ft: 2148

Exterior Features

  • Construction: Composition
  • Number of Acres: 0.0918

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-064-0001-022-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2877

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2015
Sold by
Cole Patricia A
Bought by
Folland David Joshua
Current Estimated Value
$91,315

Purchase Details

Closed on
Nov 2, 2005
Sold by
Murphy Robert
Bought by
Cole Patricia

Purchase Details

Closed on
Feb 4, 2000
Sold by
Reese Donald R
Bought by
Murphy Robert T
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
Folland David Joshua $40,000 Daniel R. Palumbo
Cole Patricia $60,000 David Franz
Murphy Robert T $50,000 Aimee Lafever Doyle
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold $65,000 -18.6% $30 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $79,900 -- $37 / 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 $3,351 $53,000 $4,000 $49,000
2023 $1,995 $53,000 $4,000 $49,000
2022 $2,024 $53,000 $4,000 $49,000
2021 $2,083 $53,000 $4,000 $49,000
2020 $2,097 $53,000 $4,000 $49,000
2019 $1,384 $53,000 $4,000 $49,000
2018 $3,657 $53,000 $4,000 $49,000
2017 $2,148 $53,000 $4,000 $49,000
2016 $2,125 $53,000 $4,000 $49,000
2015 -- $53,000 $4,000 $49,000
2014 -- $53,000 $4,000 $49,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1481368

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0001-022-000-0000