NOT LISTED FOR SALE

158 W Main St Allegany, NY 14706

Estimated Value: $100,429

-- Bed
-- Bath
9,319 Sq Ft
$11/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $80,000 $9 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $630/month

162 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Property is near a bus stop
  • Allegany-Limestone Elementary School Rated 9+
  • Forced Air Cooling System
  • 4-minute walk to Recreation & Parks Department

About This Home

As of March 2022

TAXES HAVE BEEN LOWERED!!!! Investors!!! Start counting your money NOW!!! Commercial Space of nearly 5000 sq ft, with TWO 4 BEDROOM Apartments! Currently rented to 2 family's at $800 Each with the Warehouse/Shop Space paying $1000/month (family member in there) TONS of potential here folks! Does it need work? Yes, of course! But...if you have the means, this could be a HUGE money maker! Village of Allegany allows 4 non-related people to live in each unit... so, that's space for 8 Bonaventure Students at $2200/semester each! Don't want to rent to college students? There are long-term tenants living in the apartments now that prefer not to move! So....how bout that commercial space? It would make an Awesome professional office, a Storefront? Or a shop/warehouse as it is now! There are 10 Parking Spaces, it's on the Main Street in the Village....it can't get better than this!! Yes, this building has been listed for a long time, and is now at a rock-bottom price! Their loss is your gain. They're ready to turn the page and write the next chapter! Lets make this a New Chapter for you!

Last Agent to Sell the Property

Claudia Attard-Keary

Listing by EXP-Premier Listings Team License #40AT1023399 Listed on: 04/28/2021

Last Buyer's Agent

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10491207167

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 165 x 135
  • Corner Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 9,319 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Location

  • Property is near a bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes lawn maintenance, snow removal
  • Tax Lot 22
  • Assessor Parcel Number 042001-093-043-0002-022-001-0000

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • NY Swis Code: Allegany-Village-042001
  • Total Assessed Value: 230000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 165
  • Lot Dimension Front: 135
  • Lot Information: Commercial Zoning, Corner Lot, Near Bus Line
  • Lot Number: 22
  • Nearest Cross Street: 2nd
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 170212.77
  • Ratio Close Price By Sq Ft: 8.58
  • Ratio List Price By Acres: 253191.49
  • Ratio List Price By Sq Ft: 12.77
  • Regional Board Code: Buffalo
  • Rent Includes: Lawn Maintenance, Snow Removal
  • Roof Description: Asphalt
  • School Tax: 2379
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Village: Allegany-Village
  • Year Built Description: Existing
  • Lot Sq Ft: 20473
  • Age of Building: 39
  • Year Built: 1984
  • Directions To Property: Rt 417 W corner of 2nd & Main
  • Sq Ft Total Pub: 9319
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1984

Interior Features

  • Basement Description: Slab
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 9319

Exterior Features

  • Construction: Concrete Block, Vinyl
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.4700

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 2 or More Spaces, Blacktop, Parking Area

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Allegany-Limestone

Lot Info

  • Parcel Number: 042001-093-043-0002-022-001-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 6445

MLS Schools

  • School District Name: Allegany-Limestone

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2011
Sold by
Cousins Charles
Bought by
Cousins Bros Inc
Current Estimated Value
$100,429

Purchase Details

Closed on
Feb 20, 2009
Sold by
Cousins Charles
Bought by
Cousins Charles

Purchase Details

Closed on
Jun 30, 2000
Sold by
Pockalny John
Bought by
Cousins Charles
Source: Public Records

Range of Values:

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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
Cousins Bros Inc -- Jeffrey P Reisner
Cousins Charles -- Daniel R Palumbo
Cousins Charles $350,000 Michael Shane
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $80,000 -32.8% $9 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
09/13/2021 09/13/21 Price Changed $119,000 -25.6% $13 / Sq Ft
04/28/2021 04/28/21 For Sale $159,900 -- $17 / 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 $3,054 $72,000 $9,700 $62,300
2023 $3,052 $72,000 $9,700 $62,300
2022 $6,436 $159,900 $9,700 $150,200
2021 $5,204 $159,900 $9,700 $150,200
2020 $16,471 $230,000 $9,700 $220,300
2019 $3,339 $230,000 $9,700 $220,300
2018 $15,022 $230,000 $9,700 $220,300
2017 $14,012 $189,500 $8,700 $180,800
2016 $13,919 $189,500 $8,700 $180,800
2015 -- $189,500 $8,700 $180,800
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1332450

Western New York Real Estate Information Services (WNYREIS)

APN: 042001-093-043-0002-022-001-0000