NOT LISTED FOR SALE

1318 Reed St Olean, NY 14760

Estimated Value: $96,000 - $112,000

3 Beds
1 Bath
1,816 Sq Ft
$58/Sq Ft Est. Value

Last Sold January 14, 2020

Last sale price $52,900 $29 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $691/month

25 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Car Detached Garage
  • Forced Air Cooling System
  • Wood Flooring
  • Porch
  • 4-minute walk to Marcus Park & Playfields

About This Home

As of January 2020

CUTE 3 BEDROOM HOME WITH A LARGE CITY LOT. INTERIOR AND BASEMENT FRESHLY PAINTED. NEWER WINDOWS, DOORS, VINYL SIDING. NEW ROOF ON FRONT AND BACK PORCH, MAIN HOUSE ROOF IN 2009. THIS HOME IS WELL INSULATED TO MAKE HOME SUPER EFFICIENT WITH LOW HEAT BILLS. FINISHED ROOM IN BASEMENT FOR STORAGE OR OFFICE

Last Listed By

Mary Karst

Listing by Howard Hanna Professionals License #30KA0826754 Listed on: 10/18/2019

Howard Hanna Professionals

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 8,000 Sq Ft Lot
  • Lot Dimensions are 100 x 80

Parking

  • 1 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,816 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Wood Flooring
  • Free-Standing Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 041200-094-056-0002-053-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 56000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 80
  • Lot Information: Neighborhood Street
  • Lot Number: 53
  • Nearest Cross Street: TWELFTH
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 287969.52
  • Ratio Close Price By Sq Ft: 29.13
  • Ratio List Price By Acres: 287969.52
  • Ratio List Price By Sq Ft: 29.13
  • Regional Board Code: Rochester
  • School Tax: 1473
  • Styles of Residence: Cape Cod
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 8000
  • Age of Building: 97
  • Year Built: 1925
  • Directions To Property: WAYNE ST TO TWELFTH STREET TO REED
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1925

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: 1st Floor Bedroom, Laundry-Basement, Porch - Open
  • Basement Description: Full, Partially Finished
  • Floor Description: Wood-Some
  • Kitchen Appliances Included: Oven/Range Freestanding, Refrigerator
  • Kitchen Dining Description: Living/Dining Combo
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1816

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1837

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-056-0002-053-000-0000

Tax Info

  • Total Taxes: 3056

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2019
Closed on
Dec 31, 2019
Sold by
Clark Shawn E
Bought by
Spaeth Isaac J and Spaeth Deveon L
Seller's Agent
Mary Karst
Howard Hanna Professionals
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$52,900
Sold Price
$52,900
Total Days on Market
25
Current Estimated Value
$105,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,258
Avg. Annual Appreciation
14.77%
Original Mortgage
$42,350
Outstanding Balance
$34,779
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$75,787

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
Spaeth Isaac J $53,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spaeth Isaac J $42,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2020 01/14/20 Sold $52,900 0.0% $29 / Sq Ft
11/12/2019 11/12/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $52,900 -- $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 $3,556 $56,000 $5,900 $50,100
2023 $2,108 $56,000 $5,900 $50,100
2022 $2,139 $56,000 $5,900 $50,100
2021 $2,201 $56,000 $5,900 $50,100
2020 $6,209 $56,000 $5,900 $50,100
2019 $2,123 $56,000 $5,900 $50,100
2018 $5,727 $56,000 $5,900 $50,100
2017 $4,795 $56,000 $5,900 $50,100
2016 $4,749 $56,000 $5,900 $50,100
2015 -- $56,000 $5,900 $50,100
2014 -- $56,000 $5,900 $50,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1233381

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-056-0002-053-000-0000