NOT LISTED FOR SALE

1608 Avenue B Olean, NY 14760

Estimated Value: $58,000 - $79,000

3 Beds
2 Baths
1,468 Sq Ft
$46/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $59,000 $40 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $500/month

15 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Carpet

About This Home

As of July 2024

Two unit income property in a nice quiet neighborhood just outside of the city. Front apartment is 2 story with 2 bedrooms and an extra small room for a nursery or office. Back apartment is one bedroom but needs some TLC. Both units are utilities included due to only having 1 gas meter and 1 electric meter.

Last Agent to Sell the Property

Rebecca Laborde

Listing by EXP-Premier Listings Team Brokerage Phone: 716-378-5055 License #10401331095 Listed on: 04/29/2024

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,622

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 40x130

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,468 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • 2 Units
  • 1 Separate Gas Meter

Listing and Financial Details

  • Rent includes hot water
  • Assessor Parcel Number 94.047-2-15

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,622

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Hot Water
  • Year Built: 1920
  • Attribution Contact: 716-378-5055
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: Go down Wayne St heading towards Allegany. Take a right onto Ave B. Continue around corner and house is on the left at the end of the street.
  • Flooring: Carpet, Laminate, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Stories: 2

Exterior Features

  • Waterfront: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Gas, Forced Air, Space Heater
  • HeatingYN: Yes
  • Utilities: High Speed Internet Available, Sewer Connected, Water Available
  • Water Source: Not Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 94.047-2-15
  • Lot Dimensions: 40X130
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 1622.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
Jul 15, 2024
Sold by
Bennett Charles D
Bought by
Foss Ian R and Timblin Emma R
Seller's Agent
Rebecca Laborde
EXP-Premier Listings Team
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$59,000
Sold Price
$59,000
Views
66
Current Estimated Value
$65,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,818
Avg. Annual Appreciation
9.15%
Original Mortgage
$47,200
Outstanding Balance
$46,636
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$20,824

Purchase Details

Closed on
May 7, 1996
Sold by
Maine Russell C
Bought by
Bennett Charles D

Purchase Details

Closed on
Mar 2, 1996
Source: Public Records
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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
Foss Ian R $59,000 None Available
Bennett Charles D $35,000 --
Bennett Charles D $35,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foss Ian R $47,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2024 07/15/24 Sold $59,000 0.0% $40 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $59,000 -- $40 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $1,897 $30,000 $4,600 $25,400
2023 $1,129 $30,000 $4,600 $25,400
2022 $1,146 $30,000 $4,600 $25,400
2021 $1,179 $30,000 $4,600 $25,400
2020 $1,693 $30,000 $4,600 $25,400
2019 $450 $30,000 $4,600 $25,400
2018 $2,119 $30,000 $4,600 $25,400
2017 $1,216 $30,000 $4,600 $25,400
2016 $1,203 $30,000 $4,600 $25,400
2015 -- $30,000 $4,600 $25,400
2014 -- $30,000 $4,600 $25,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1534739

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-047-0002-015-000-0000