Seller's Agent in 2025
Greg Spako
ERA Team VP Real Estate
(716) 353-1440
4 in this area
85 Total Sales
6
Beds
2
Baths
2,957
Sq Ft
6,400
Sq Ft Lot
Highlights
- Wood Flooring
- Forced Air Zoned Heating System
- 2 Car Garage
- Woodwork
- Hot Water Heating System
- 2-minute walk to Oak Hill Park
About This Home
As of September 2025Discover 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 original oak crown molding, oversized baseboards, and high ceilings that add timeless charm. Each unit offers functional layouts, two private entrances, covered porches, multi-level decks, and separate utilities with individual washer/dryer hookups. A new roof, two-car detached garage, and full basement add to the home’s long-term value. Centrally located and overlooking Oak Hill Park, this property is just steps from downtown shops, schools, restaurants, and transit. Build your portfolio or live in one unit while a tenant helps pay the mortgage. Offers are due Saturday, May, 9th @ 5 pm.
Last Agent to Sell the Property
Listing by ERA Team VP Real Estate Brokerage Phone: 716-353-1440 License #10301201659 Listed on: 05/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,214
Year Built
- Built in 1880
Lot Details
- 6,400 Sq Ft Lot
- Lot Dimensions are 50x128
- Rectangular Lot
Parking
- 2 Car Garage
- Common or Shared Parking
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 2,957 Sq Ft Home
- 2-Story Property
- Woodwork
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Zoned Heating System
- Heating System Uses Gas
- Hot Water Heating System
- Gas Water Heater
- Cable TV Available
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 16
- Assessor Parcel Number 041200-094-064-0008-016-000-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 28, 2025
Sold by
Macdonald Seth and Macdonald Leah
Bought by
Almerco Raul O
Purchase Details
Closed on
Feb 24, 2021
Sold by
Wood Christopher and Wood Kathleen
Bought by
Macdonald Leah and Macdonald Seth
Purchase Details
Closed on
Jul 27, 2018
Sold by
Todaro James C
Bought by
Macdonald Seth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,608
Interest Rate
4.5%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 9, 2018
Sold by
Todaro James C and Todaro Patricia A
Bought by
Macdonald Seth and Macdonald Leah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,608
Interest Rate
4.5%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 26, 2013
Sold by
Smith Peter
Bought by
Todaro James
Purchase Details
Closed on
Nov 7, 2001
Sold by
Stevens Stata B
Bought by
Smith
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $140,000 | -- | |
| Warranty Deed | $180,000 | None Available | |
| Deed | $66,215 | None Available | |
| Deed | $66,215 | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | George Panebianco | |
| Interfamily Deed Transfer | -- | George Panebianco | |
| Deed | $69,500 | Dicerbo & Palumbo | |
| Deed | $69,500 | Dicerbo & Palumbo | |
| Deed | $69,500 | Dicerbo & Palumbo | |
| Deed | $69,500 | Dicerbo & Palumbo |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $65,608 | FHA | |
| Previous Owner | $65,608 | FHA | |
| Previous Owner | $60,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2025 09/12/25 | Sold | $140,000 | +3.7% | $47 / Sq Ft |
| 05/11/2025 05/11/25 | Pending | -- | -- | -- |
| 05/07/2025 05/07/25 | For Sale | $135,000 | -- | $46 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
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 | $1,727 | $76,500 | $4,200 | $72,300 |
| 2023 | $2,335 | $76,500 | $4,200 | $72,300 |
| 2022 | $2,355 | $76,500 | $4,200 | $72,300 |
| 2021 | $3,006 | $76,500 | $4,200 | $72,300 |
| 2020 | $3,027 | $76,500 | $4,200 | $72,300 |
| 2019 | $1,148 | $76,500 | $4,200 | $72,300 |
| 2018 | $6,351 | $76,500 | $4,200 | $72,300 |
| 2017 | $3,101 | $76,500 | $4,200 | $72,300 |
| 2016 | $5,248 | $76,500 | $4,200 | $72,300 |
| 2015 | -- | $76,500 | $4,200 | $72,300 |
| 2014 | -- | $76,500 | $4,200 | $72,300 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Spako
-
Rebecca Pettit
Buyer's Agent in 2025
Rebecca Pettit
Homestar Realty
(716) 244-7309
8 in this area
162 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1604263
APN: 041200-094-064-0008-016-000-0000
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