NOT LISTED FOR SALE

202 S 16th St Olean, NY 14760

Estimated Value: $64,000 - $85,000

2 Beds
1 Bath
1,104 Sq Ft
$72/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $70,000 $63 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $567/month

63 Days on Market

Highlights

  • Wood Flooring
  • Country Kitchen
  • Forced Air Cooling System
  • 1 Car Detached Garage

About This Home

As of June 2023

Come see this affordable two story home located on a double lot in the Town Of Olean.

This house is located in a great neighborhood and has a ton of potential.  It would be a perfect starter home that has many great features that include a fully fenced-in yard, blacktop driveway, garage, a storage shed, new replacement windows, covered patio and a full basement.  Enter the home through the side door that leads into a mud room which is a nice place to store boots and coats.  There is a laundry room located off from the kitchen.  Nice size dining room that leads into a cozy living room.  Upstairs you will find two bedrooms with closets.  There is a nice covered front porch to sit and relax during the summer months.  The lot size is 0.23 acres.

Close to schools, restaurants and places to shop.

Excellent opportunity to make this house your own.  Great price and is being sold as-is.

Last Listed By

Amy Werner

Listing by Landquest Inc. License #10401328741 Listed on: 02/01/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,568

Year Built

  • Built in 1930

Lot Details

  • 10,149 Sq Ft Lot
  • Lot Dimensions are 145 x 70

Parking

  • 1 Car Detached Garage

Home Design

  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,104 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Country Kitchen
  • Electric Cooktop
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 041200-094-063-0005-040-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,568

Year Built

Built in 1930

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 49500
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 145
  • Lot Dimension Front: 70
  • Lot Information: Neighborhood Street
  • Lot Number: 40
  • Nearest Cross Street: W. State St.
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 300429.18
  • Ratio Close Price By Sq Ft: 63.41
  • Ratio List Price By Acres: 334334.76
  • Ratio List Price By Sq Ft: 70.56
  • Regional Board Code: Syracuse
  • School Tax: 1213
  • Styles of Residence: 2 Story
  • Sub Board Code: Cortland
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Age of Building: 93
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 1104
  • Directions To Property: Heading southwest on I-86 W, take exit 25 for Buffalo St. towards Olean, left on Buffalo St., right on N. 12th St., right on W. State St., left on S. 16th St.
  • Sq Ft Total Pub: 1104
  • Attribution Contact: 585.610.8934
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1930

Interior Features

  • Full Bathrooms: 1
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Electric, Dishwasher, Dryer, Refrigerator, Washer
  • Kitchen Dining Description: Country Kitchen
  • Number of Bedrooms 2nd Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 7
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 1104

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.2330

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-063-0005-040-000-0000

Tax Info

  • Total Taxes: 2568

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
May 22, 2023
Sold by
Lumpp Manfred and Chamberlain Maureena
Bought by
Lazalde Shelli
Seller's Agent
Amy Werner
Landquest Inc.
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$77,900
Sold Price
$70,000
Premium/Discount to List
-$7,900
-10.14%
Total Days on Market
63
Views
318
Current Estimated Value
$86,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,355
Avg. Annual Appreciation
6.93%

Range of Values:

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Average Value
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List Price
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
Lazalde Shelli $70,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $70,000 -10.1% $63 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
02/01/2023 02/01/23 For Sale $77,900 -- $71 / Sq Ft
Source: Cortland County Board of REALTORS®

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 $3,143 $49,500 $7,900 $41,600
2023 $1,864 $49,500 $7,900 $41,600
2022 $1,890 $49,500 $7,900 $41,600
2021 $1,945 $49,500 $7,900 $41,600
2020 $1,577 $49,500 $7,900 $41,600
2019 $743 $49,500 $7,900 $41,600
2018 $1,481 $49,500 $7,900 $41,600
2017 $794 $49,500 $7,900 $41,600
2016 $779 $49,500 $7,900 $41,600
2015 -- $49,500 $7,900 $41,600
2014 -- $49,500 $7,900 $41,600
Source: Public Records

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Source: Cortland County Board of REALTORS®

MLS Number: S1453817

Cortland County Board of REALTORS®

APN: 041200-094-063-0005-040-000-0000