NOT LISTED FOR SALE

134 S 2nd St Olean, NY 14760

Estimated Value: $74,000 - $104,000

4 Beds
3 Baths
1,918 Sq Ft
$46/Sq Ft Est. Value

Last Sold August 04, 2017

Last sale price $11,900 $6 Per Sq Ft

Est. 634% increase in value since last sale

Current estimated payment $549/month

35 Days on Market

About This Home

As of August 2017

Here's your chance to invest and get a return on your money! Two-unit home located within walking distance to shops, eateries, and park! With a little TLC, this duplex is ready to go! Being offered well below market value! For those who are handy with a hammer and enjoy some DIY projects, this property is one you won't want to miss out on!

Last Agent to Sell the Property

Todd VanDyke

Listing by RE/MAX On Point License #10491212754 Listed on: 12/15/2016

RE/MAX On Point

Last Buyer's Agent

Karen Redding

Listing by Real Estate Pros & More License #30RE0680519

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,830 Sq Ft Lot
  • Lot Dimensions are 115 x 33

Parking

  • On-Street Parking

Interior Spaces

  • 1,918 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 041200-094-065-0010-028-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 43000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 115
  • Lot Dimension Front: 33
  • Nearest Cross Street: West State Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 135381.11
  • Ratio Close Price By Sq Ft: 6.20
  • Ratio List Price By Acres: 159271.90
  • Ratio List Price By Sq Ft: 7.30
  • Regional Board Code: Buffalo
  • School Tax: 1123
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 3830
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: State Street to South Second. Turn onto South Second and the property will be on the right close to the next intersection.
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1918

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.0879

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Street

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

Lot Info

  • Parcel Number: 041200-094-065-0010-028-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2330

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2017
Sold by
Redding Karen
Bought by
Miller Lonnie
Current Estimated Value
$87,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Outstanding Balance
$13,566
Interest Rate
3.85%
Mortgage Type
Unknown
Estimated Equity
$64,017

Purchase Details

Listed on
Dec 15, 2016
Closed on
Jun 27, 2017
Sold by
Us Bank National Association
Bought by
Redding Karen
Seller's Agent
Todd VanDyke
RE/MAX On Point
Buyer's Agent
Karen Redding
Real Estate Pros & More
List Price
$16,000
Sold Price
$11,900
Premium/Discount to List
-$4,100
-25.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.90%

Purchase Details

Closed on
Dec 5, 2016
Sold by
Stewart Mary Lou
Bought by
Us Bank National Association
Source: Public Records

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
Miller Lonnie $16,000 None Available
Miller Lonnie $16,000 None Available
Redding Karen -- N/A N/A
Us Bank National Association $42,612 Weisman & Gordo Frenkel Lamb
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Lonnie $16,000
Closed Miller Lonnie $16,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2017 08/04/17 Sold $11,900 -15.0% $6 / Sq Ft
01/19/2017 01/19/17 Pending -- -- --
01/12/2017 01/12/17 Price Changed $14,000 -12.5% $7 / Sq Ft
12/15/2016 12/15/16 For Sale $16,000 -- $8 / 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 $2,852 $43,000 $2,800 $40,200
2023 $1,619 $43,000 $2,800 $40,200
2022 $1,642 $43,000 $2,800 $40,200
2021 $1,690 $43,000 $2,800 $40,200
2020 $4,203 $43,000 $2,800 $40,200
2019 $1,128 $43,000 $2,800 $40,200
2018 $4,585 $43,000 $2,800 $40,200
2017 $2,978 $43,000 $2,800 $40,200
2016 $1,724 $43,000 $2,800 $40,200
2015 -- $43,000 $2,800 $40,200
2014 -- $43,000 $2,800 $40,200
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1018087

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-065-0010-028-000-0000