NOT LISTED FOR SALE

218 E Union St Allegany, NY 14706

Estimated Value: $124,000 - $171,186

3 Beds
2 Baths
1,524 Sq Ft
$97/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2017

Last sale price $79,000 $52 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,062 / mo

27 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • Carpet
  • 2 Car Garage
  • Partially Fenced Property

About This Home

As of July 2017

Investors take notice of this two unit rental. This is the closest house to the Bonaventure campus and is never hard to rent. Downstairs has 3 bedrooms, 1 bath, laundry room on first floor. Upstairs has an open kitchen/living room combo, 2 bedrooms and 1 bath. This house has a lease through May of 2018, owners currently charging $20,000.00/school year, all utilities included.

Last Agent to Sell the Property

Christine Young

Listing by Howard Hanna Professionals - Olean License #40YO1152644 Listed on: 03/28/2017

Howard Hanna Professionals - Olean

Last Buyer's Agent

Merilyn Mang

Listing by No Office Affiliation License #40MA0904168

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,305

Year Built

  • Built in 1880

Lot Details

  • Lot Dimensions are 142x130
  • Partially Fenced Property

Parking

  • 2 Car Garage
  • Parking Available
  • Gravel Driveway

Home Design

  • Duplex
  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 1,524 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Dryer

Kitchen

  • Gas Oven
  • Gas Range
  • Stove

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

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

Listing and Financial Details

  • Rent includes all utilities
  • Assessor Parcel Number 042001-093-060-0001-014-000-0000

Community Details

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $3,200
  • Gross Income $20,000

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,305

Year Built

Built in 1880

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: All Utilities
  • Year Built: 1880
  • ResoLaundryFeatures: Common Area
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: From Main St. in Allegany, turn right onto S. Seventh St., left onto Union, the house is on the right before going onto the Bona campus.
  • Architectural Style: Duplex
  • Flooring: Carpet, Laminate, Varies, Vinyl
  • Garage Yn: Yes
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Dryer, Electric Oven, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Fence
  • Foundation Details: Stone

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Gravel, Parking Available, Unpaved

Utilities

  • Heating: Gas, Stove, Forced Air, Natural Gas
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Allegany-Limestone

Lot Info

  • Parcel Number: 042001-093-060-0001-014-000-0000
  • Lot Dimensions: 142X130
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 20000.0
  • Annual Operating Expense: 3200.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 2305.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2017
Closed on
Jul 7, 2017
Sold by
Nuttall and Nuttall Johnathan R.
Bought by
Paladino Ryan S
Seller's Agent
Christine Young
Howard Hanna Professionals - Olean
Buyer's Agent
Merilyn Mang
No Office Affiliation
List Price
$79,900
Sold Price
$79,000
Premium/Discount to List
-$900
-1.13%
Current Estimated Value
$147,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,547
Avg. Annual Appreciation
7.37%
Original Mortgage
$59,250
Outstanding Balance
$48,504
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$99,043

Purchase Details

Closed on
Sep 4, 2009
Sold by
Five Star Bank
Bought by
Nuttall Johnathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
5.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2006
Sold by
C H Townhouses Inc
Bought by
Prop. Allegany and Prop. Cattaraugus

Purchase Details

Closed on
Sep 30, 1999
Sold by
Allegany Properties Inc
Bought by
Chtownhouses Inc

Purchase Details

Closed on
Mar 4, 1996
Sold by
Halgas Chester
Bought by
Allegany Prop Inc
Source: Public Records
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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
Paladino Ryan S -- Brian C. Palumbo
Nuttall Johnathan $50,000 --
Prop. Allegany $98,000 Daniel R. Palumbo
Chtownhouses Inc -- --
Allegany Prop Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paladino Ryan S $59,250
Previous Owner Nuttall Johnathan $47,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $79,000 -1.1% $52 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $79,900 -- $52 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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
2025 $3,342 $79,000 $11,200 $67,800
2024 $3,342 $79,000 $11,200 $67,800
2023 $3,349 $79,000 $11,200 $67,800
2022 $3,180 $79,000 $11,200 $67,800
2021 $2,571 $79,000 $11,200 $67,800
2020 $3,218 $79,000 $11,200 $67,800
2019 $907 $79,000 $11,200 $67,800
2018 $3,096 $79,000 $11,200 $67,800
2017 $2,324 $51,500 $9,200 $42,300
2016 $2,303 $51,500 $9,200 $42,300
2015 -- $51,500 $9,200 $42,300
2014 -- $51,500 $9,200 $42,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: B1033126

Chautauqua-Cattaraugus Board of REALTORS®

APN: 042001-093-060-0001-014-000-0000

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