Estimated payment $1,472/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 homes 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. Dont 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.
Offered at $194,900.
Travis Thurston
Listed on: 06/12/2025
Home Type
Est. Annual Taxes
Lot Details
Bedrooms and Bathrooms
Utilities
Additional Features
| 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 |
| 06/06/2025 06/06/25 | For Sale | $394,900 | -- | $133 / Sq Ft |
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