NOT LISTED FOR SALE

223 N 5th St Olean, NY 14760

Estimated Value: $78,000 - $87,000

4 Beds
1.5 Baths
1,720 Sq Ft
$49/Sq Ft Est. Value

Last Sold February 23, 2016

Last sale price $32,900 $19 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $591/month

3 Days on Market

Highlights

  • Wood Flooring
  • 1.5 Car Detached Garage
  • Forced Air Cooling System
  • Full Attic
  • Eat-In Kitchen
  • Ceiling Fan

About This Home

As of February 2016

Foreclosure in Not so bad shape! GORGEOUS Hardwood throughout! Won't last long!!!

Last Agent to Sell the Property

Claudia Attard-Keary

Listing by EXP-Premier Listings Team License #40AT1023399 Listed on: 12/20/2015

Last Buyer's Agent

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 128 x 51

Interior Spaces

  • 1,720 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Full Attic

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 1.5 Car Detached Garage
  • Dirt Driveway

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 041200-094-064-0004-033

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Age: 115
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 63000
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 51
  • Lot Information: Neighborhood Street
  • L P Per Acre: 266000.0000
  • List Price per Sq Ft: 23.1976
  • Nearest Cross Street: Washington
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 219333.33
  • Ratio Close Price By Sq Ft: 19.13
  • Ratio List Price By Acres: 266000.00
  • Ratio List Price By Sq Ft: 23.20
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1614
  • Sale Price List Price: 0.8245
  • S P Per Acre: 219333.3300
  • S P Per Sq Ft: 19.1300
  • Styles of Residence: 2 Story
  • Sub Board Code: Buffalo
  • Type of Sale: Bank Owned / REO
  • Value Range Search Low Price: 39900.00
  • Year Built Description: Existing
  • Age of Building: 123
  • Year Built: 1900
  • Directions To Property: washington to fifth
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 0
  • Year Built: 1900

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan
  • Additional Rooms: Foyer/Entry Hall, Laundry-Basement
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Gas, Dryer, Refrigerator, Washer
  • 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: 1720

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.1500

Garage/Parking

  • Driveway Description: Dirt
  • Garage Description: Detached
  • Number of Garage Spaces: 1.5000

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: 041200-094-064-0004-033

Tax Info

  • Total Taxes: 3350

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2020
Sold by
Pawlak Jai A
Bought by
Schoonover Sean V
Current Estimated Value
$83,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,920
Outstanding Balance
$32,777
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$57,244

Purchase Details

Listed on
Dec 20, 2015
Closed on
Feb 11, 2016
Sold by
Olean Area Fcu
Bought by
Pawlak Jai
Seller's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
Buyer's Agent
Joseph Chamberlain
No Office Affiliation
List Price
$39,900
Sold Price
$32,900
Premium/Discount to List
-$7,000
-17.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.07%

Purchase Details

Closed on
Dec 23, 2015
Sold by
Hough Timothy
Bought by
Olean Area Federal Credit Union

Purchase Details

Listed on
Jan 23, 2012
Closed on
Jun 20, 2012
Sold by
Larson Gary
Bought by
Hough Timothy
Seller's Agent
Darcy Branch
No Office Affiliation
Buyer's Agent
Pamela Pezzimenti
Howard Hanna Professionals - Olean
List Price
$52,000
Sold Price
$48,410
Premium/Discount to List
-$3,590
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%
Original Mortgage
$45,990
Interest Rate
3.84%
Mortgage Type
Purchase Money Mortgage
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
Schoonover Sean V $50,000 None Available
Pawlak Jai $32,900 Greg Shemeld, Esq.
Olean Area Federal Credit Union $39,386 Michael A. Morgan
Hough Timothy $48,410 Gregory Shemeld
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schoonover Sean V $35,920
Previous Owner Hough Timothy $45,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2016 02/23/16 Sold $32,900 -17.5% $19 / Sq Ft
12/23/2015 12/23/15 Pending -- -- --
12/20/2015 12/20/15 For Sale $39,900 -17.6% $23 / Sq Ft
06/25/2012 06/25/12 Sold $48,410 -6.9% $28 / Sq Ft
04/02/2012 04/02/12 Pending -- -- --
01/23/2012 01/23/12 For Sale $52,000 -- $30 / 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 $1,790 $47,400 $4,200 $43,200
2023 $1,785 $47,400 $4,200 $43,200
2022 $1,810 $47,400 $4,200 $43,200
2021 $1,863 $47,400 $4,200 $43,200
2020 $1,876 $47,400 $4,200 $43,200
2019 $711 $47,400 $4,200 $43,200
2018 $2,557 $47,400 $4,200 $43,200
2017 $1,921 $47,400 $4,200 $43,200
2016 $1,900 $47,400 $4,200 $43,200
2015 -- $63,000 $4,200 $58,800
2014 -- $63,000 $4,200 $58,800
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B490659

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0004-033-000-0000