NOT LISTED FOR SALE

1460 Olean Portville Rd Olean, NY 14760

Estimated Value: $95,000 - $142,000

4 Beds
3 Baths
2,358 Sq Ft
$49/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $85,000 $36 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $683/month

7 Days on Market

Highlights

  • 1.4 Acre Lot
  • Balcony
  • Forced Air Cooling System
  • Portville Elementary School Rated A-
  • Thermal Windows
  • No Interior Steps

About This Home

As of August 2021

This renovated 2 family house features a 3 bedroom apartment upstairs and downstairs is home to a spacious 2 bedroom unit. This property has had the foundation redone in 2020, new flooring in both units, vinyl siding done 10 years ago, and 2 new water heaters in 2019. Twelve years ago the seller had the plumbing and electrical systems upgraded, replacement windows installed and new furnaces for both units. The downstairs apartment had the kitchen remodeled in 2017, including beautiful soft close cabinetry, and the addition of a stackable washer and dryer. Upstairs also comes equipped with a stackable washer and dryer and both apartments come with a refrigerator and stove. This property is turnkey and has had a strong rental history. So you have the option of using it as an investment property or occupying one unit and renting the other unit for additional income.

Last Agent to Sell the Property

Patricia Collier

Listing by RE/MAX On Point License #10401295212 Listed on: 04/30/2021

RE/MAX On Point

Last Buyer's Agent

John Dwaileebe

Listing by Howard Hanna Professionals - Olean License #40DW0994003

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $853

Year Built

  • Built in 1890

Lot Details

  • 1.4 Acre Lot
  • Lot Dimensions are 557 x 140

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,358 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Thermal Windows
  • ENERGY STAR Qualified Windows
  • ENERGY STAR Qualified Appliances
  • Washer and Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Vinyl

Basement

  • Partial Basement
  • Crawl Space

Parking

  • Stone Driveway
  • Shared Driveway

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Baseboard Heating
  • Gas Available
  • PEX Plumbing
  • Well
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • ENERGY STAR Qualified Equipment for Heating
  • Balcony

Listing and Financial Details

  • Rent includes water
  • Tax Lot 9
  • Assessor Parcel Number 047489-095-017-0003-009-002-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$853

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Accessibility: No Interior Steps
  • NY Swis Code: Portville-047489
  • Total Assessed Value: 20400
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 557
  • Lot Dimension Front: 140
  • Lot Information: Primary Road
  • Lot Number: 9
  • Nearest Cross Street: Haskell Road
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 60714.29
  • Ratio Close Price By Sq Ft: 36.05
  • Ratio List Price By Acres: 69285.71
  • Ratio List Price By Sq Ft: 41.14
  • Regional Board Code: Buffalo
  • Rent Includes: Water
  • Roof Description: Asphalt
  • School Tax: 502
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 60984
  • Age of Building: 132
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 2358
  • Directions To Property: on 417 east bound from Olean, after passing Haskell Rd the building is on the left hand side (3rd property after intersection
  • Sq Ft Total Pub: 2358
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Laundry- Separate Hook ups- Some, Pex Plumbing- Some
  • Attic Description: Crawl Space
  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2358

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Balcony, Cable TV Available, High Speed Internet, Thermal Windows - Some
  • Number of Acres: 1.4000

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Common, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Separate Utilities: Electricity, Gas, Heat
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Green Features

  • Energystar: Appliances, Heating, Windows

Lot Info

  • Parcel Number: 047489-095-017-0003-009-002-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 853

MLS Schools

  • School District Name: Portville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Aug 27, 2021
Sold by
Enchanted Valley Rentals
Bought by
Tagliavento Brian
Seller's Agent
Patricia Collier
RE/MAX On Point
Buyer's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
List Price
$97,000
Sold Price
$85,000
Premium/Discount to List
-$12,000
-12.37%
Current Estimated Value
$116,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,665
Avg. Annual Appreciation
7.55%
Original Mortgage
$75,000
Outstanding Balance
$68,244
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$48,421

Purchase Details

Closed on
Nov 24, 2008
Sold by
Magnuson Estate Carl
Bought by
Wells Linda
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
Tagliavento Brian $85,000 None Available
Wells Linda $500 Dicerbo & Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tagliavento Brian $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $85,000 -12.4% $36 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $97,000 -- $41 / 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 $876 $20,400 $11,000 $9,400
2023 $861 $20,400 $11,000 $9,400
2022 $824 $20,400 $11,000 $9,400
2021 $842 $20,400 $11,000 $9,400
2020 $873 $20,400 $11,000 $9,400
2019 $507 $22,000 $12,600 $9,400
2018 $923 $22,000 $12,600 $9,400
2017 $909 $22,000 $12,600 $9,400
2016 $886 $22,000 $12,600 $9,400
2015 -- $22,000 $12,600 $9,400
2014 -- $22,000 $12,600 $9,400
Source: Public Records

Agents Affiliated with this Home

  • Patricia Collier

    Seller's Agent in 2021

    Patricia Collier

    RE/MAX

    (716) 378-2338

    2 in this area

    31 Total Sales

    Patricia Collier
    Section Image

  • J

    Buyer's Agent in 2021

    John Dwaileebe

    Howard Hanna

    (716) 378-3953

    9 in this area

    101 Total Sales

    John Dwaileebe
    Section Image
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Map

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

MLS Number: B1333436

Western New York Real Estate Information Services (WNYREIS)

APN: 047489-095-017-0003-009-002-0000

New York Cattaraugus County Olean 14760

1460 Olean Portville Rd, Olean, NY

Not Listed for Sale

MultiFamily

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