$69,900
$20K PRICE DROP

224 S 16th St Olean, NY 14760

Estimated payment $647/month

Total Views 7,305
2 Beds
2 Baths
1,120 Sq Ft
$62 Price per Sq Ft

Highlights

  • Wood Flooring
  • Corner Lot
  • 2 Car Attached Garage
  • Separate Formal Living Room
  • Granite Countertops
  • Breakfast Bar

About This Home

Discover the potential in this charming 2-bedroom, 2-full-bath home featuring beautiful hardwood floors and granite countertops that bring warmth and modern appeal to the open floor plan. The layout offers a bright living area that flows smoothly into the kitchen and dining spaces, creating an easy, comfortable feel throughout. One of the property's standout features is the amazing two-car garage, perfect for parking, storage, or hobby space—an amenity that adds tremendous value. Please note: the home does require significant foundational repair, making this an excellent opportunity for an investor, contractor, or buyer looking to add equity with renovations. Due to the scope of the work, only strong 20% conventional financing or cash offers can be considered. With appealing finishes, flexible living space, and a great garage, this home has incredible upside for the right buyer. Bring your vision and make it your next project!

Listing Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10301214758 Listed on: 11/20/2025

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,368

Year Built

  • Built in 1940

Lot Details

  • 5,075 Sq Ft Lot
  • Lot Dimensions are 35x145
  • Corner Lot
  • Rectangular Lot
  • Historic Home

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Stone Foundation
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 1,120 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Separate Formal Living Room
  • Wood Flooring
  • Partial Basement

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 48
  • Assessor Parcel Number 041200-094-063-0005-048-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,368

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1940
  • Attribution Contact: 716-378-7039
  • ResoLaundryFeatures: Main Level
  • Lot Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: From Route 417 (W State St), turn onto
  • Architectural Style: Historic/Antique, Two Story
  • Flooring: Hardwood, Varies
  • Garage Yn: Yes
  • Interior Features: Breakfast Bar, Ceiling Fan(s), Separate/Formal Living Room, Granite Counters, Kitchen Island
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Electric Range, Gas Water Heater
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1165
  • Waterfront: No
  • Construction Type: Vinyl Siding, Copper Plumbing
  • Exterior Features: Concrete Driveway
  • Foundation Details: Stone

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean
  • Ninth Grade High School: Olean Senior High
  • Middle Or Junior School: Olean Middle

Lot Info

  • Parcel Number: 041200-094-063-0005-048-000-0000
  • Lot Dimensions: 35X145
  • Lot Size Sq Ft: 5075.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3368.0
  • Tax Lot: 48

MLS Schools

  • Elementary School: Washington West Elementary

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,794 $60,000 $4,700 $55,300
2023 $2,259 $60,000 $4,700 $55,300
2022 $2,291 $60,000 $4,700 $55,300
2021 $2,358 $60,000 $4,700 $55,300
2020 $2,374 $60,000 $4,700 $55,300
2019 $901 $60,000 $4,700 $55,300
2018 $3,237 $60,000 $4,700 $55,300
2017 $2,432 $60,000 $4,700 $55,300
2016 $2,405 $60,000 $4,700 $55,300
2015 -- $60,000 $4,700 $55,300
2014 -- $60,000 $4,700 $55,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2025 12/04/25 Price Changed $69,900 -22.2% $62 / Sq Ft
11/20/2025 11/20/25 For Sale $89,900 -- $80 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1651751

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-063-0005-048-000-0000