NOT LISTED FOR SALE

1426 Promised Land Acres Olean, NY 14760

Estimated Value: $141,000 - $307,000

3 Beds
1 Bath
1,572 Sq Ft
$158/Sq Ft Est. Value

Last Sold July 25, 2013

Last sale price $170,000 $108 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,902/month

186 Days on Market

Highlights

  • 2.5 Acre Lot
  • Cape Cod Architecture
  • Walk-In Pantry
  • Portville Elementary School Rated A-
  • Wood Flooring
  • 2 Car Detached Garage

About This Home

As of July 2013

It's Called Promised Land Acres because..that's where you'll find this jewel of a property.Hilltop home resides with a breath-taking panoramic view from your covered front porch, you will find various rose bushes, perinnials, and fruit trees on 2-1/2 acres.A friendly welcome awaits you in a lovingly maintained log home. First floor boasts an open kitchen, walk-in pantry,living room,2 beds/1 bath all handicap acces.Upstairs loft is a large master & sitting room.Exposed beams, wide plank h/w floors, basement with 9ft ceiling & 1/4bath. Home insures years of a carefree lifestyle. See to believe!!

Last Agent to Sell the Property

Lynda Hood

Listing by No Office Affiliation License #10301201708 Listed on: 12/01/2012

Last Buyer's Agent

Lynda Hood

Listing by No Office Affiliation License #10301201708 Listed on: 12/01/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,572

Year Built

  • Built in 1994

Lot Details

  • 2.5 Acre Lot
  • Lot Dimensions are 1 x 1
  • Partially Fenced Property
  • Hillside Location

Home Design

  • Cape Cod Architecture
  • Log Cabin
  • Block Foundation

Interior Spaces

  • 1,572 Sq Ft Home
  • 1.5-Story Property
  • Woodwork
  • Ceiling Fan
  • Skylights
  • Living Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Car Detached Garage
  • Dirt Driveway

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 047489-104-001-0002-020-004-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,572

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Age: 18
  • NY Swis Code: Portville-047489
  • Total Assessed Value: 169000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 1
  • Lot Dimension Front: 1
  • Lot Information: Rural Road
  • L P Per Acre: 70396.0000
  • List Price per Sq Ft: 111.9529
  • Nearest Cross Street: Witherall Hgts
  • Number of Stories: 1.5000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 68000.00
  • Ratio Close Price By Sq Ft: 108.14
  • Ratio List Price By Acres: 70396.00
  • Ratio List Price By Sq Ft: 111.95
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 3740
  • Sale Price List Price: 0.9659
  • S P Per Acre: 68000.0000
  • S P Per Sq Ft: 108.1400
  • Styles of Residence: Cape Cod, Hillside
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 175990.00
  • Year Built Description: Existing
  • Age of Building: 28
  • Year Built: 1994
  • Directions To Property: Route 417 to promised land road, about 1 mile up on your right is promised acres rd, second driveway on your left.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1994

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Natural Woodwork - some, Skylight
  • Additional Rooms: 1st Floor Bedroom, Living Room, Porch - Open, Possible Additional Bedroom
  • Basement Description: Full, Partially Finished
  • Floor Description: Hardwood-Some, Tile-Some
  • Kitchen Appliances Included: Cooktop - Gas, Dishwasher, Oven/Range Built-In, Refrigerator
  • Kitchen Dining Description: Eat-In, Walk-In Pantry
  • Number of Bedrooms 1st Floor: 2
  • Number of Bedrooms 2nd Floor: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1572

Exterior Features

  • Construction: Log Home
  • Additional Exterior Features: Cable TV Available, Partially Fenced Yard, Patio
  • Number of Acres: 2.5000

Garage/Parking

  • Driveway Description: Dirt
  • Garage Description: Detached
  • Number of Garage Spaces: 2.0000

Utilities

  • Emergency Backup Systems: Panel Connection for Generator
  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 047489-104-001-0002-020-004-0000

Tax Info

  • Total Taxes: 6572

MLS Schools

  • School District Name: Portville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2012
Closed on
Jul 25, 2013
Sold by
Broughton Barry
Bought by
Gariepy Brian
Seller's Agent
Lynda Hood
No Office Affiliation
Buyer's Agent
Lynda Hood
No Office Affiliation
List Price
$189,900
Sold Price
$170,000
Premium/Discount to List
-$19,900
-10.48%
Current Estimated Value
$248,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,827
Avg. Annual Appreciation
3.11%
Original Mortgage
$161,500
Outstanding Balance
$113,483
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$135,344

Purchase Details

Closed on
Nov 10, 2004
Sold by
Stimson Dean
Bought by
Broughton Barry
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gariepy Brian $170,000 John Marchioni
Broughton Barry $175,000 Daniel A. Derose
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gariepy Brian $161,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2013 07/25/13 Sold $170,000 -10.5% $108 / Sq Ft
06/05/2013 06/05/13 Pending -- -- --
12/01/2012 12/01/12 For Sale $189,900 -- $121 / 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 $7,172 $169,000 $13,000 $156,000
2023 $7,046 $169,000 $13,000 $156,000
2022 $6,781 $169,000 $13,000 $156,000
2021 $6,926 $169,000 $13,000 $156,000
2020 $6,294 $169,000 $13,000 $156,000
2019 $3,219 $169,000 $13,000 $156,000
2018 $6,352 $169,000 $13,000 $156,000
2017 $6,242 $169,000 $13,000 $156,000
2016 $6,083 $169,000 $13,000 $156,000
2015 -- $169,000 $13,000 $156,000
2014 -- $169,000 $13,000 $156,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lynda Hood

    No Office Affiliation

See All Agents

Map

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

MLS Number: B420298

Western New York Real Estate Information Services (WNYREIS)

APN: 047489-104-001-0002-020-004-0000

New York Cattaraugus County Olean 14760

1426 Promised Land Acres, Olean, NY

Not Listed for Sale

Detached

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