NOT LISTED FOR SALE

217 N 5th St Olean, NY 14760

Estimated Value: $72,000 - $111,000

6 Beds
2 Baths
2,603 Sq Ft
$37/Sq Ft Est. Value

Last Sold January 08, 2018

Last sale price $21,500 $8 Per Sq Ft

Est. 345% increase in value since last sale

Current estimated payment $626/month

12 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • 5-minute walk to Oak Hill Park

About This Home

As of January 2018

Olean City: 2 unit home with 3 bedrooms in each unit. Close to Olean High School. This property is Bank Owned and they want a fast sale. They are offering Seller Financing with 10% Down and proof of Deposit. No minimum Credit score will be needed for Approval. Asking $27,900.

Last Listed By

Rob Mercier

Listing by ERA Team VP Real Estate License #30ME0738204 Listed on: 10/07/2017

ERA Team VP Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 5,120 Sq Ft Lot
  • Lot Dimensions are 128 x 40

Parking

  • 1 Car Garage

Interior Spaces

  • 2,603 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Rent includes no utilities
  • Tax Lot 35
  • Assessor Parcel Number 041200-094-064-0004-035-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 55000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 35
  • Nearest Cross Street: Sullivan
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 182978.72
  • Ratio Close Price By Sq Ft: 8.26
  • Ratio List Price By Acres: 237446.81
  • Ratio List Price By Sq Ft: 10.72
  • Regional Board Code: Buffalo
  • Rent Includes: No Utilities
  • School Tax: 890
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 5120
  • Age of Building: 132
  • Year Built: 1890
  • Directions To Property: Sullivan to N. 5th.
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some
  • Total Sq Ft: 2603

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1175

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 1 Space

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-064-0004-035-000-0000

Rental Info

  • Certificate of Occupancy: Negotiable

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2365

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2017
Closed on
Dec 28, 2017
Sold by
Rose Acceptance Inc
Bought by
Fie Rick
Seller's Agent
Rob Mercier
ERA Team VP Real Estate
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals
List Price
$27,900
Sold Price
$21,500
Premium/Discount to List
-$6,400
-22.94%
Total Days on Market
12
Current Estimated Value
$95,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,160
Avg. Annual Appreciation
21.14%

Purchase Details

Listed on
Oct 7, 2017
Closed on
Dec 19, 2017
Sold by
Rose Acceptance Inc
Bought by
Fie Richard W and Anderson Clar D
Seller's Agent
Rob Mercier
ERA Team VP Real Estate
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals
List Price
$27,900
Sold Price
$21,500
Premium/Discount to List
-$6,400
-22.94%

Purchase Details

Closed on
Mar 31, 2006
Sold by
Seager Carol
Bought by
Spring Ricky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,149
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2002
Sold by
Nannen Eric J
Bought by
Seager Carol L

Purchase Details

Closed on
Feb 2, 2000

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
Fie Rick $21,500 None Available
Fie Rick $21,500 None Available
Fie Richard W -- --
Spring Ricky $52,149 Daniel A. Derose
Seager Carol L $50,000 Paul A Argentieri
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spring Ricky $52,149
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2018 01/08/18 Sold $21,500 -22.9% $8 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
10/07/2017 10/07/17 For Sale $27,900 -- $11 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $3,492 $55,000 $3,800 $51,200
2023 $2,071 $55,000 $3,800 $51,200
2022 $2,101 $55,000 $3,800 $51,200
2021 $2,161 $55,000 $3,800 $51,200
2020 $2,176 $55,000 $3,800 $51,200
2019 $826 $55,000 $3,800 $51,200
2018 $2,967 $55,000 $3,800 $51,200
2017 $2,229 $55,000 $3,800 $51,200
2016 $3,457 $55,000 $3,800 $51,200
2015 -- $55,000 $3,800 $51,200
2014 -- $55,000 $3,800 $51,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1080365

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0004-035-000-0000