NOT LISTED FOR SALE

206 N 5th St Olean, NY 14760

Estimated Value: $151,000 - $176,000

4 Beds
1.5 Baths
2,280 Sq Ft
$73/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $40,000 $18 Per Sq Ft

Est. 315% increase in value since last sale

Current estimated payment $1,240/month

95 Days on Market

Highlights

  • Wood Flooring
  • Den
  • Leaded Glass Windows
  • Old Style Architecture
  • 2 Car Detached Garage
  • 4-minute walk to Oak Hill Park

About This Home

As of April 2021

This Oak Hill Park four bedroom, one and a half bath home has loads of character and great features. Natural woodwork throughout the home, a two car garage, spacious rooms, and an enclosed sun porch are highlights of this old beauty. Could be a great rehab home with an FHA 203k loan, or a conventional rehab with 20% down. Very solid structure that needs love to restore it to it's glory.

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 10/01/2020

Howard Hanna Professionals - Olean

Last Buyer's Agent

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1900

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 128 x 50

Parking

  • 2 Car Detached Garage

Home Design

  • Old Style Architecture
  • Stone Foundation
  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,280 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Leaded Glass Windows
  • Family Room
  • Living Room
  • Den
  • Scuttle Attic Hole
  • Eat-In Kitchen

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Enclosed patio or porch

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 041200-094-064-0004-024-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,882

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 34500
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Number: 24
  • Nearest Cross Street: Washington Street
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 272294.08
  • Ratio Close Price By Sq Ft: 17.54
  • Ratio List Price By Acres: 339686.86
  • Ratio List Price By Sq Ft: 21.89
  • Regional Board Code: Rochester
  • Roof Description: Asphalt
  • School Tax: 912
  • Styles of Residence: 2 Story, Old Style
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6400
  • Age of Building: 122
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2280
  • Directions To Property: From Route 417/West State St, turn onto N 5th, the property is on the right after Washington Street
  • Sq Ft Total Pub: 2280
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Leaded Glass - some, Natural Woodwork - some
  • Additional Rooms: Den/Study, Family Room, Foyer/Entry Hall, Laundry-Basement, Living Room, Porch - Enclosed, Porch - Open
  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Vinyl-Some
  • Kitchen Dining Description: Eat-In
  • Number of Bedrooms 2nd Floor: 4
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 10
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 4
  • Total Sq Ft: 2280

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1469

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: Detached
  • Number of Garage Spaces: 2.0000

Utilities

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

Schools

  • School District: Olean
  • Elementary School: Washington West Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-064-0004-024-000-0000

Tax Info

  • Total Taxes: 1882

MLS Schools

  • Elementary School Name: Washington West Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Mar 24, 2021
Sold by
Ha Jk Llc
Bought by
Lime Wny Llc
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%
Current Estimated Value
$165,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,946
Avg. Annual Appreciation
39.87%
Source: Public Records

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
Lime Wny Llc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ha Jk Llc $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $40,000 -19.8% $18 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
12/15/2020 12/15/20 For Sale $49,900 0.0% $22 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $49,900 -- $22 / Sq Ft
Source: Chautauqua-Cattaraugus 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 $3,889 $103,000 $4,200 $98,800
2023 $3,878 $103,000 $4,200 $98,800
2022 $3,934 $103,000 $4,200 $98,800
2021 $1,356 $34,500 $4,200 $30,300
2020 $1,365 $34,500 $4,200 $30,300
2019 $668 $34,500 $4,200 $30,300
2018 $1,861 $34,500 $4,200 $30,300
2017 $1,398 $34,500 $4,200 $30,300
2016 $1,383 $34,500 $4,200 $30,300
2015 -- $34,500 $4,200 $30,300
2014 -- $34,500 $4,200 $30,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1298506

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0004-024-000-0000