NOT LISTED FOR SALE

1608 Avenue B Olean, NY 14760

Estimated Value: $58,000 - $82,000

3 Beds
2 Baths
1,468 Sq Ft
$47/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2024

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

Est. 16% increase in value since last sale

Current estimated payment $459 / mo

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 Sq Ft Lot

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
  • 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

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
$68,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,314
Avg. Annual Appreciation
8.39%
Original Mortgage
$47,200
Outstanding Balance
$46,380
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$21,934

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,151 $30,000 $4,600 $25,400
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

  • Section Image
  • Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1534739

Chautauqua-Cattaraugus Board of REALTORS®

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

Your Personal Tour Guide

Ask me questions while you tour the home.