NOT LISTED FOR SALE

134 S 2nd St Olean, NY 14760

Estimated Value: $75,000 - $223,000

4 Beds
3 Baths
1,918 Sq Ft
$62/Sq Ft Est. Value

Last Sold August 04, 2017

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

Est. 894% increase in value since last sale

Current estimated payment $886/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 Listed By

Todd VanDyke

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

RE/MAX On Point

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
Total Days on Market
35
Current Estimated Value
$118,245

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
$13,783
Interest Rate
3.85%
Mortgage Type
Unknown
Estimated Equity
$69,303

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
28.29%

Purchase Details

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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Olean, NY

  • 604 Irving St, Olean, NY 14760

    $149,900

    • 4 Beds
    • 2 Baths
    • 2,158 Sq Ft
    • 604 Irving St
    • Olean, NY

    Welcome to our meticulously remodeled duplex, a charming retreat steeped in the rich history of the 1850s, now available as your exclusive Airbnb destination. Nestled in the heart of Olean, this unique residence seamlessly blends historic allure with modern comforts, promising an unforgettable stay. Lower unit has eat in kitchen with all new appliances, separate dining room, living room and 2

    Kelly Patrone Howard Hanna Professionals

    Section Image
  • 605 W State St, Olean, NY 14760

    $120,000

    • 5 Beds
    • 2 Baths
    • 2,168 Sq Ft
    • 605 W State St
    • Olean, NY

    Great opportunity to own a large 2 family home. Perfect for owner occupied or investors. Come right in and rent out or live in one and rent the other. Priced to sell. Both tenant occupied. $950/month.

    Thomas Cafarella Cameron Real Estate Group

    Section Image
  • 412-14 Laurens St, Olean, NY 14760

    $144,900

    • 5 Beds
    • 4 Baths
    • 4,369 Sq Ft
    • 412-14 Laurens St
    • Olean, NY

    Newer boiler. Newer flooring. Off street parking. Attached two car garage for on site maintenance supplies tools and equipment or collect additional rent for garage space. One of the two upstairs units is currently vacant. Very large apartment downstairs could be remodeled, with relative ease to create an additional rental unit.

    Lisa Darling Homestar Realty

    Section Image
  • 116 E Green St, Olean, NY 14760

    $94,900

    • 3 Beds
    • 2 Baths
    • 2,052 Sq Ft
    • 116 E Green St
    • Olean, NY

    This is a fantastic investment opportunity! This well-maintained duplex offers two units with great potential. The downstairs unit is a spacious 2-bedroom, 1-bath, while the upper unit is a cozy 1-bedroom, 1-bath. Both units feature brand new stoves, refrigerators, and washer/dryer units for convenience. The property has seen numerous updates over the years, including renovated kitchens and

    Claudia Attard-Keary Premier Listings Real Estate

    Section Image
  • 135 N 6th St, Olean, NY 14760

    $135,000

    • 6 Beds
    • 2 Baths
    • 2,957 Sq Ft
    • 135 N 6th St
    • Olean, NY

    Discover the perfect blend of space, location, and investment potential at this very well-maintained two-family home in the heart of Olean. Offering nearly 3,000 sq. ft. of finished living space, this versatile duplex features 5+ bedrooms, 2 full bathrooms, and two fully equipped kitchens—ideal for owner-occupants, investors, or multi-generational living. The fully renovated lower unit highlights

    Greg Spako ERA Team VP Real Estate

    Section Image
  • 104 S 14th St, Olean, NY 14760

    $119,000

    • 4 Beds
    • 2 Baths
    • 2,114 Sq Ft
    • 104 S 14th St
    • Olean, NY

    Multi Family duplex centrally located in the city of Olean. Off street parking, newer roof, new windows, Beautiful wood work, hardwood floors, High ceilings, Front porch. Each apartment has 2 bedrooms and One full bathroom. The upsatirs is currently rented. The lower is vacant but ready to rent. 13% ROI based on asking price.

    James Dwaileebe 3D Real Estate LLC

    Section Image
  • 218 N 15th St, Olean, NY 14760

    $115,000

    • 5 Beds
    • 3.5 Baths
    • 2,566 Sq Ft
    • 218 N 15th St
    • Olean, NY

    Three bed one and a half bath home with 2)one bedroom apartments detached in the back. Take advantage of this home with a first floor laundry and an oversized kitchen with plenty of cupboard and counter space. Main house has a car port for parking your vehicle with one other space for back tenants. Apartments out back have a patio for the downstairs and a covered porch for the upstairs. This

    Rebecca Laborde Premier Listings Real Estate

    Section Image
  • 514 3rd Ave, Olean, NY 14760

    $119,900

    • 5 Beds
    • 2 Baths
    • 2,274 Sq Ft
    • 514 3rd Ave
    • Olean, NY

    Beautifully renovated duplex in a prime location near Olean General Hospital, making it a fantastic investment for an Airbnb, rental, or owner-occupied home. With a newer asphalt roof and a brand-new rubber roof on the flat portion, this property has been completely updated, featuring all-new electric, a brand-new hot water tank, and LVT flooring and carpet throughout. Both units are freshly

    Mason Meggo HUNT Real Estate Corporation

    Section Image

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 $2,730 $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

  • Section Image
  • Section Image
See All Agents

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