NOT LISTED FOR SALE

1501 W Sullivan St Olean, NY 14760

Estimated Value: $60,000 - $85,000

3 Beds
2 Baths
1,604 Sq Ft
$48/Sq Ft Est. Value

Last Sold February 01, 2019

Last sale price $47,500 $30 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $502/month

Highlights

  • Corner Lot
  • Vinyl Flooring
  • 1-minute walk to Marcus Park & Playfields
  • Forced Air Cooling System
  • Heating System Uses Gas

About This Home

As of February 2019

This home is located at 1501 W Sullivan St, Olean, NY 14760 since 08 November 2018 and is currently estimated at $76,374, approximately $47 per square foot. This property was built in 1895. 1501 W Sullivan St is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and Southern Tier Catholic School.

Last Listed By

John Skadowski

Listing by Howard Hanna Professionals License #40SK1093971 Listed on: 11/08/2018

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,360

Year Built

  • Built in 1895

Lot Details

  • 4,880 Sq Ft Lot
  • Lot Dimensions are 122 x 40
  • Corner Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,604 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 9
  • Assessor Parcel Number 041200-094-055-0004-009-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,360

Year Built

Built in 1895

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 43000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 122
  • Lot Dimension Front: 40
  • Lot Information: Corner Lot
  • Lot Number: 9
  • Nearest Cross Street: 14th st
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 424107.14
  • Ratio Close Price By Sq Ft: 29.61
  • Ratio List Price By Acres: 445535.71
  • Ratio List Price By Sq Ft: 31.11
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • School Tax: 1110
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4880
  • Age of Building: 127
  • Year Built: 1895
  • Directions To Property: Sullivan st to 14th street House on corner
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1895

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Vinyl-Some
  • Kitchen Appliances Included: Refrigerator
  • Total Sq Ft: 1604

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1120

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-055-0004-009-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2360

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2018
Closed on
Jan 30, 2019
Sold by
Palumbo Thomas
Bought by
Booth Tyler
Seller's Agent
John Skadowski
Howard Hanna Professionals
Buyer's Agent
John Skadowski
Howard Hanna Professionals
List Price
$49,900
Sold Price
$47,500
Premium/Discount to List
-$2,400
-4.81%
Total Days on Market
0
Current Estimated Value
$76,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,874
Avg. Annual Appreciation
8.58%
Original Mortgage
$38,000
Outstanding Balance
$26,545
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$53,228

Purchase Details

Listed on
Nov 8, 2018
Closed on
Jan 25, 2019
Sold by
Palumbo Thomas E and Palumbo James J
Bought by
Booth Tyler A
Seller's Agent
John Skadowski
Howard Hanna Professionals
Buyer's Agent
John Skadowski
Howard Hanna Professionals
List Price
$49,900
Sold Price
$47,500
Premium/Discount to List
-$2,400
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Outstanding Balance
$26,545
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$53,228

Purchase Details

Closed on
Sep 29, 1999
Sold by
Herlet Katherine Estate
Bought by
Palumbo Thomas and Palumbo James J

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
Booth Tyler $47,500 None Available
Booth Tyler $47,500 None Available
Booth Tyler A -- --
Palumbo Thomas $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Booth Tyler $38,000
Closed Booth Tyler $38,000
Closed Booth Tyler A $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2019 02/01/19 Sold $47,500 -4.8% $30 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
11/08/2018 11/08/18 For Sale $49,900 -- $31 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $4,400 $38,600
2023 $1,619 $43,000 $4,400 $38,600
2022 $1,642 $43,000 $4,400 $38,600
2021 $1,690 $43,000 $4,400 $38,600
2020 $2,936 $43,000 $4,400 $38,600
2019 $706 $43,000 $4,400 $38,600
2018 $2,320 $43,000 $4,400 $38,600
2017 $1,743 $43,000 $4,400 $38,600
2016 $1,724 $43,000 $4,400 $38,600
2015 -- $43,000 $4,400 $38,600
2014 -- $43,000 $4,400 $38,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1159371

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-055-0004-009-000-0000