NOT LISTED FOR SALE

132 S 12th St Olean, NY 14760

Estimated Value: $62,000 - $101,000

4 Beds
2 Baths
1,792 Sq Ft
$45/Sq Ft Est. Value

Last Sold November 02, 2023

Last sale price $65,000 $36 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $553/month

7 Days on Market

Highlights

  • Full Attic
  • Forced Air Cooling System
  • High Speed Internet
  • Fenced Yard
  • Ceiling Fan
  • Vinyl Flooring

About This Home

As of November 2023

This duplex has remodeled the lower unit, and the upstairs has some good bones to work with. There is an attic for the upstairs unit for storage and a basement for the lower. There is also a shed in the backyard with a fully fenced-in yard. The current tenant is paying $550, and the upstairs should generate about $650 in rent. With separate utilities you can step right in and start making passive income

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 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

  • $2,227

Year Built

  • Built in 1920

Lot Details

  • 4,080 Sq Ft Lot
  • Lot Dimensions are 102 x 40
  • Fenced Yard

Home Design

  • Stone Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 1,792 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Full Attic

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes water
  • Tax Lot 49
  • Assessor Parcel Number 041200-094-064-0010-049-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,227

Year Built

Built in 1920

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 41000
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 102
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 49
  • Nearest Cross Street: W Henley Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 693703.31
  • Ratio Close Price By Sq Ft: 36.27
  • Ratio List Price By Acres: 639274.28
  • Ratio List Price By Sq Ft: 33.43
  • Regional Board Code: Rochester
  • Rent Includes: Water
  • School Tax: 1082
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4080
  • Age of Building: 103
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 1792
  • Directions To Property: From Route 417 (W State St), turn onto S 12th St the property in on the right
  • Sq Ft Total Pub: 1792
  • Attribution Contact: 716-378-7039
  • EnergyEquipment: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Laundry- Separate Hook ups- Some, Pex Plumbing- Some
  • Attic Description: Full, Walk-in
  • Basement Description: Full
  • Floor Description: Laminate-Some, Vinyl-Some
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Total Sq Ft: 1792

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, Fully Fenced Yard, High Speed Internet
  • Number of Acres: 0.0937

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces

Utilities

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

Schools

  • School District: Olean
  • Elementary School: Washington West Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-064-0010-049-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2227

MLS Schools

  • Elementary School Name: Washington West Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2013
Closed on
Aug 15, 2014
Sold by
Atlantic Avenue Llc
Bought by
Folland David Joshua
Seller's Agent
Joseph Chamberlain
No Office Affiliation
Buyer's Agent
Joseph Chamberlain
No Office Affiliation
List Price
$39,900
Sold Price
$35,000
Premium/Discount to List
-$4,900
-12.28%
Current Estimated Value
$80,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,341
Avg. Annual Appreciation
6.99%
Original Mortgage
$38,400
Outstanding Balance
$29,428
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$44,684

Purchase Details

Closed on
Dec 1, 2010
Sold by
Rodriguez Amy
Bought by
Atlantic Avenue Llc

Purchase Details

Closed on
Oct 28, 2009
Sold by
Ricci John
Bought by
Rodriguez Amy
Source: Public Records

Range of Values:

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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 $35,000 Daniel Palumbo
Atlantic Avenue Llc $39,000 Daniel Palumbo
Rodriguez Amy $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Folland David Joshua $38,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2023 11/02/23 Sold $65,000 +8.5% $36 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $59,900 +71.1% $33 / Sq Ft
08/15/2014 08/15/14 Sold $35,000 -12.3% $20 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
03/13/2013 03/13/13 For Sale $39,900 -- $22 / 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 $1,548 $41,000 $4,000 $37,000
2023 $1,544 $41,000 $4,000 $37,000
2022 $1,566 $41,000 $4,000 $37,000
2021 $1,611 $41,000 $4,000 $37,000
2020 $1,622 $41,000 $4,000 $37,000
2019 $615 $41,000 $4,000 $37,000
2018 $3,552 $41,000 $4,000 $37,000
2017 $1,662 $41,000 $4,000 $37,000
2016 $1,644 $41,000 $4,000 $37,000
2015 -- $41,000 $4,000 $37,000
2014 -- $41,000 $4,000 $37,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1484120

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0010-049-000-0000