NOT LISTED FOR SALE

1318 Reed St Olean, NY 14760

Estimated Value: $101,000 - $131,000

3 Beds
1 Bath
1,816 Sq Ft
$65/Sq Ft Est. Value

Sale Details

Date Sold: January 14, 2020

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

Est. 123% increase in value since last sale

Current estimated payment $808 / mo

25 Days on Market

Highlights

  • Cape Cod Architecture
  • Main Floor Bedroom
  • Porch
  • Wood Flooring
  • 1 Car Detached Garage
  • 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 Agent to Sell the Property

Mary Karst

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

Howard Hanna Professionals - Olean

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 8,000 Sq Ft Lot
  • Lot Dimensions are 80x100

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

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

Kitchen

  • Oven
  • Free-Standing Range

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Partially Finished Basement

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

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Forced Air Heating 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

8,000 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1925
  • ResoLaundryFeatures: In Basement
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: WAYNE ST TO TWELFTH STREET TO REED
  • Architectural Style: Cape Cod
  • Flooring: Hardwood, Varies
  • Garage Yn: Yes
  • Interior Features: Living/Dining Room, Bedroom on Main Level
  • Unit Levels: One
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Free-Standing Range, Gas Water Heater, Oven, Refrigerator
  • Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 1
  • Stories: 1

Exterior Features

  • Acres: 0.1837
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Block
  • Patio And Porch Features: Open, Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-056-0002-053-000-0000
  • Lot Dimensions: 80X100
  • Lot Size Sq Ft: 8000.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3056.0
  • Tax Lot: 53

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 - Olean
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$52,900
Sold Price
$52,900
Current Estimated Value
$117,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,921
Avg. Annual Appreciation
13.49%
Original Mortgage
$42,350
Outstanding Balance
$32,442
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$85,379
Source: Public Records
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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 List to Sale Price per Sq Ft
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

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 $2,149 $56,000 $5,900 $50,100
2024 $3,541 $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

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