Estimated payment $1,480/month
This house, barn, and garage sit on 4.85 acres includes Free Gas and has amazing hillside views in Olean NY, Cattaraugus County.
The home’s first story has a large open kitchen, 1 bedroom, 1 full bathroom, 2 living rooms, and 2 mudroom entrances. The second story has 3 bedrooms, 1 full bathroom, and a living room area. The attic is unfinished but big enough to create additional living space. The walk-in basement is unfinished but holds the furnace, hot water tank, and plenty of room for storage. The house has a well but also has connectivity to the Olean City water. The house was built with the city water, and the barn was built with the well. The outbuildings include a 40 x 30 stable barn which has a workshop and 4 stalls for horses or other animals, and a 40 x 25 workshop-storage area. All the outbuildings have electric.
The special circumstance of this property is that it comes with free gas off leased gas wells not from the property. The new owner will sign off on receiving the free gas at closing. The property is located in a flood zone as it sits across the street from the Allegheny River. This would require flood insurance if it is going to be financed. The property has 300 feet of road frontage. The driveway is shared by the Olean City Water Department which is the neighbor to the west. The property has so much potential to either be a homestead, a small farm, or a recreational paradise. Located just minutes outside of Olean for all the necessities. Don’t let this opportunity get away! Surface rights convey.
Located approximately 3 minutes to downtown Olean NY, 27 minutes to Salamanca NY, 35 minutes to Ellicottville NY and Rushford NY, 1 hour 28 minutes to Buffalo NY, and 1 hour 50 minutes to Rochester NY.
Listing Agent
Listing by Landquest Inc. Brokerage Phone: 585.386.9413 License #10301222583 Listed on: 06/12/2025
Home Type
Est. Annual Taxes
Year Built
Lot Details
Parking
Home Design
Interior Spaces
Flooring
Bedrooms and Bathrooms
Laundry
Basement
Location
Utilities
Listing and Financial Details
| 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 | $4,727 | $84,500 | $5,500 | $79,000 |
| 2023 | $5,072 | $84,500 | $5,500 | $79,000 |
| 2022 | $4,985 | $84,500 | $5,500 | $79,000 |
| 2021 | $4,852 | $84,500 | $5,500 | $79,000 |
| 2020 | $4,222 | $84,500 | $5,500 | $79,000 |
| 2019 | $1,931 | $84,500 | $5,500 | $79,000 |
| 2018 | $4,221 | $84,500 | $5,500 | $79,000 |
| 2017 | $3,796 | $84,500 | $5,500 | $79,000 |
| 2016 | $3,838 | $84,500 | $5,500 | $79,000 |
| 2015 | -- | $84,500 | $5,500 | $79,000 |
| 2014 | -- | $84,500 | $5,500 | $79,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2025 07/27/25 | Pending | -- | -- | -- |
| 07/11/2025 07/11/25 | Price Changed | $194,900 | -22.0% | $65 / Sq Ft |
| 06/12/2025 06/12/25 | For Sale | $249,900 | -36.7% | $84 / Sq Ft |
| 10/29/2024 10/29/24 | For Sale | $394,900 | -- | $133 / Sq Ft |
$154,900
Charming three-bedroom ranch in Olean! This home is set on a neighborhood street on the edge of the city. Located just a short drive from the city's shopping and dining, with a suburban feel, it truly offers the best of both worlds. The home has a brightly lit entry foyer, three roomy bedrooms, a formal dining room, a spacious and cozy living room, and a galley kitchen. The home is equipped with
Daniel Terhune Century 21 Turner Brokers
$225,000
Unique Mixed-Use Property – Residential & Commercial Space on One Parcel!Endless potential awaits with this versatile mixed-use property featuring both a comfortable residence and an established commercial building — all on one parcel!The residential home is a well-maintained ranch-style house offering 2 bedrooms, 1 full bathroom, a spacious kitchen, cozy living room, and a back
Regis Handley Howard Hanna Professionals - Olean
$174,900
Welcome to this beautifully maintained and thoughtfully updated ranch-style home, offering comfort, convenience, and a spacious open floor plan perfect for modern living. Situated on a desirable corner lot in a quiet neighborhood, this home features vinyl siding, central air, and a full basement providing ample storage or additional living space potential. Enjoy outdoor living on the covered deck
Paul Pezzimenti Howard Hanna Professionals - Olean
$164,900
Step into comfort and convenience in this beautifully updated 3-bedroom, 2-bath ranch in East Olean's heart. Featuring a unique layout, this home blends functional design with thoughtful upgrades throughout. The spacious living room is perfect for relaxing or entertaining and is enhanced by a high-efficiency mini-split system that provides heat and air conditioning.The primary suite is a true
Paul Pezzimenti Howard Hanna Professionals - Olean
$239,000
Welcome to this charming 4-bedroom, 2-bathroom home located in the desirable Seneca Heights neighborhood. With 1,952 square feet of living space, this home offers a perfect blend of character, comfort, and modern updates. The first floor features newly refinished hardwood floors and a spacious living room complete with a gas fireplace, built-in shelving, and a sliding glass door that opens to the
Regis Handley Howard Hanna Professionals - Olean
$174,900
Back on the Market! Due to no fault of the home, this beautifully maintained 3-bedroom, 2-bathroom property is ready for its new owner. With all first-floor living, you can move right in and enjoy the spacious layout and thoughtful updates. The large kitchen features granite countertops, hardwood flooring, and newer appliances—all included—making it both stylish and functional. The primary suite
Claudia Attard-Keary Premier Listings Real Estate
$210,000
RANCH HOME WITH 2 BEDROOMS, 1.5 BATHS AND LAUNDRY ALL ON THE MAIN FLOOR. FULL FINISHED BASEMENT WITH 2 BEDROOMS, FULL BATH AND A KITCHENETTE. FAMILY ROOM, OFFICE/DEN AREA. COMES WITH AN ABOVE GROUND POOL WITH NEWER HEATER AND A HOT TUB ON THE DECK. FENCED IN BACK YARD. STORAGE SHED. NEWER VINYL SIDING, FURNACE AND ELECTRIC SERVICE PANEL. NICE LOT. MLS#R15585482.
Thomas Fenner Real Estate Pros & More
$219,900
Step into timeless comfort and character with this beautifully maintained Cape Cod-style home, offering a rare combination of space, charm, and versatility. With 6 spacious bedrooms, 2 full bathrooms, and a unique layout that accommodates a variety of living arrangements, this home is ideal for those who value flexibility and room to grow.The main floor welcomes you with two cozy living
Ken Bailey Real Estate Pros & More
$225,000
5 single family homes (3, 5, 6, 7, 8 Edwards Court) being offered together. Taxes reflect all 5 properties.
Claudia Attard-Keary Premier Listings Real Estate
Source: Cortland County Board of REALTORS®
MLS Number: S1614676
APN: 046600-103-002-0002-015-002-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.