NOT LISTED FOR SALE

208 Madison Ave Olean, NY 14760

Estimated Value: $195,000 - $293,966

4 Beds
3 Baths
1,520 Sq Ft
$164/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $268,000 $176 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,560/month

5 Days on Market

Highlights

  • Deck
  • Quartz Countertops
  • Formal Dining Room
  • Wood Flooring
  • Home Gym
  • Fenced Yard

About This Home

As of August 2023

Incredible four-bedroom, three full-bathroom home in the Boardmanville Area of Olean. With new wood and ceramic flooring, quartz counters, custom cherry cabinets, a new combo tankless water heater/boiler heating system, an indoor gym, a basement that can be a rec room or family room, a potential in-law suite below the kitchen, a covered deck out back, front porch, fully fenced yard, a walk-in closet, and vinyl and stone siding that was installed just last year. This home fits almost everything you are looking for, with tasteful design, an open floor plan, and a master suite. Situated a block away from Bartlett Country Club, about a half mile to Olean General's campus, and right around the corner to I-86 and Route 16, this is a very convenient location. The backyard features a covered deck leading down to the patio, which is partially covered. The fully fenced yard provides a great play area. The living room flows nicely into the kitchen, and has a great ambiance in the winter months with a gas fireplace. The basement area is a great multi-use area. There is a large 25'x17' foot long main room and a 25'x9' Gym. Delayed negotiations until Sunday at 5pm.

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 04/25/2023

Howard Hanna Professionals - Olean

Last Buyer's Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 04/25/2023

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,100

Year Built

  • Built in 1964

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 150 x 75
  • Fenced Yard

Home Design

  • Block Foundation
  • Asphalt Roof
  • Partial Copper Plumbing
  • Radon Mitigation System
  • Vinyl Construction Material

Interior Spaces

  • 1,520 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Formal Dining Room
  • Home Gym
  • Scuttle Attic Hole

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

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

Parking

  • 1.5 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Schools

  • East View Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 041200-094-042-0002-010-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,100

Year Built

Built in 1964

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 75000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 150
  • Lot Dimension Front: 75
  • Lot Information: Neighborhood Street
  • Lot Number: 10
  • Nearest Cross Street: Main Street
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 1037553.23
  • Ratio Close Price By Sq Ft: 176.32
  • Ratio List Price By Acres: 890050.33
  • Ratio List Price By Sq Ft: 151.25
  • Regional Board Code: Rochester
  • Roof Description: Asphalt
  • School Tax: 1978
  • Styles of Residence: Split Level
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 11250
  • Age of Building: 59
  • Year Built: 1964
  • Above Grade Finished Sq Ft: 1520
  • Directions To Property: From Main Street, turn onto Madison Avenue, the property is on the right
  • Sq Ft Total Pub: 1520
  • Attribution Contact: 716-378-7039
  • EnergyEquipment: Other
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1964

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Pex Plumbing- Some, Radon Mitigation System
  • Additional Rooms: Basement / Rec Room, Gym, Laundry-Basement
  • Attic Description: Scuttle Access
  • Basement Description: Full, Partially Finished
  • Floor Description: Ceramic-Some, Hardwood-Some, Tile-Some
  • Kitchen Appliances Included: Dishwasher, Dryer, Oven/Range Gas, Range Hood-Exhaust Fan, Refrigerator, Washer
  • Kitchen Dining Description: Formal Dining Room, Pantry, Quartz Counter
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 2
  • Number of Rooms: 9
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Total Sq Ft: 1520

Exterior Features

  • Construction: Stone, Vinyl
  • Additional Exterior Features: Cable TV Available, Deck, Fully Fenced Yard, Garage Door Opener, High Speed Internet, Patio
  • Number of Acres: 0.2583

Garage/Parking

  • Driveway Description: Concrete, Double Wide
  • Garage Description: Attached
  • Number of Garage Spaces: 1.5000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Hot Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas, Tankless

Condo/Co-op/Association

  • HOA Payment Frequency: None

Lot Info

  • Parcel Number: 041200-094-042-0002-010-000-0000

Tax Info

  • Total Taxes: 4100

MLS Schools

  • Elementary School Name: East View 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
Apr 25, 2023
Closed on
Aug 4, 2023
Sold by
Alberts Ryan M and Alberts Meagan F
Bought by
Retchless Matthew and Retchless Megan
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$229,900
Sold Price
$268,000
Premium/Discount to List
$38,100
16.57%
Views
97
Current Estimated Value
$249,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,508
Avg. Annual Appreciation
-2.95%
Original Mortgage
$241,200
Outstanding Balance
$235,559
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$13,933

Purchase Details

Closed on
Dec 10, 2018
Sold by
Griffin James Patrick
Bought by
Alberts Ryan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 7, 2018
Sold by
Griffin James Patrick
Bought by
Alberts Ryan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 26, 2018
Sold by
Griffin James P and Griffin Debra A
Bought by
Alberts Ryan M and Alberts Megan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Dec 16, 2016
Closed on
Mar 13, 2017
Sold by
Adekson Babatunde
Bought by
Griffin James
Seller's Agent
Ken Bailey
Real Estate Pros & More
Buyer's Agent
Ken Bailey
Real Estate Pros & More
List Price
$93,100
Sold Price
$79,000
Premium/Discount to List
-$14,100
-15.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.98%

Purchase Details

Closed on
Dec 3, 2015
Sold by
Wells Fargo Bank Na and Wells Fargo Bank A
Bought by
Urban Development Secretary Of Housing A

Purchase Details

Closed on
Nov 2, 2015
Sold by
Adekson Mary O
Bought by
Wells Fargo Bank Na and Wells Fargo Bank A

Purchase Details

Closed on
Jul 10, 2006
Sold by
Schulz Donald
Bought by
Adekson Babatunde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,237
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 1997
Sold by
Berk Esta
Bought by
Schulz Donald G and Schulz Judith

Purchase Details

Closed on
Mar 24, 1997
Sold by
Berk Esta
Bought by
Schulz Donald G and Schulz Judith
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Retchless Matthew $268,000 None Available
Alberts Ryan M $75,000 None Available
Alberts Ryan M $75,000 None Available
Alberts Ryan M -- --
Griffin James -- John Hart
Urban Development Secretary Of Housing A -- George Schoenwaelder, Esq.
Wells Fargo Bank Na $177,234 Rosicki, Rosicki & Assco.
Adekson Babatunde $188,500 Gregory E. Shemeld
Schulz Donald G $94,000 --
Schulz Donald G $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Retchless Matthew $241,200
Previous Owner Alberts Ryan M $60,000
Previous Owner Alberts Ryan M $60,000
Previous Owner Alberts Ryan M $60,000
Previous Owner Alberts Ryan M $4,614
Previous Owner Adekson Babatunde $185,237
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/03/2023 08/03/23 Sold $268,000 +16.6% $176 / Sq Ft
04/30/2023 04/30/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $229,900 +191.0% $151 / Sq Ft
03/13/2017 03/13/17 Sold $79,000 -5.7% $52 / Sq Ft View Prior Sale
01/31/2017 01/31/17 Pending -- -- --
01/23/2017 01/23/17 Price Changed $83,790 -10.0% $55 / Sq Ft
12/16/2016 12/16/16 For Sale $93,100 -- $61 / 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 $7,587 $120,000 $18,600 $101,400
2023 $2,824 $75,000 $18,600 $56,400
2022 $2,864 $75,000 $18,600 $56,400
2021 $2,947 $75,000 $18,600 $56,400
2020 $2,968 $75,000 $18,600 $56,400
2019 $1,126 $75,000 $18,600 $56,400
2018 $4,074 $75,000 $18,600 $56,400
2017 $3,040 $75,000 $18,600 $56,400
2016 $5,881 $164,000 $18,600 $145,400
2015 -- $164,000 $18,600 $145,400
2014 -- $164,000 $18,600 $145,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1466879

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-042-0002-010-000-0000