NOT LISTED FOR SALE

226 N 5th St Olean, NY 14760

Estimated Value: $68,000 - $101,000

3 Beds
2 Baths
2,134 Sq Ft
$41/Sq Ft Est. Value

Last Sold June 18, 2013

Last sale price $45,000 $21 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $577/month

69 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Baseboard Heating
  • Finished Attic

About This Home

As of June 2013

Turn-Key 2 Unit Duplex, currently vacant. The many improvements include downstairs kitchen, floors, carpet, some windows, 2 hot water tanks, appliances, porches. Downstair apt has a small room that could be used as a nursery or office. Upper has the full, finished attic, which could be used as 1-2 extra bedrooms. Both units have their own laundry room, as well as tons of storage space and closets. A great investment, won't last long!

Last Listed By

Claudia Attard-Keary

Listing by Premier Listings Real Estate License #40AT1023399 Listed on: 01/07/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,163

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 110 x 25

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2,134 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Finished Attic
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum

Parking

  • No Garage
  • No Driveway

Utilities

  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes no utilities
  • Assessor Parcel Number 94.064-4-29

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,163

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Age: 93
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 43000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 110
  • Lot Dimension Front: 25
  • Lot Information: Neighborhood Street
  • List Price per Sq Ft: 23.1958
  • Nearest Cross Street: Washington
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 21.09
  • Ratio List Price By Sq Ft: 23.20
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: No Utilities
  • Sale Price List Price: 0.9090
  • S P Per Sq Ft: 21.0900
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Duplex
  • Type of Sale: Normal
  • Value Range Search Low Price: 49500.00
  • Year Built Description: Existing
  • Age of Building: 103
  • Year Built: 1920
  • Directions To Property: Washington Street to North 5th, watch for CHR sign
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Additional Interior Features: Ceiling Fan, Electrical Fuses - some, Storage
  • Attic Description: Finished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Negotiable
  • Number of Rooms: 14
  • Total Sq Ft: 2134

Exterior Features

  • Construction: Vinyl

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 2
  • Parking Driveway: No Driveway

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Baseboard Heat-Some
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Available
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 94.064-4-29

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1163

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2013
Closed on
Jun 19, 2013
Sold by
Wagner Ruth
Bought by
Marzec Brett
Seller's Agent
Claudia Attard-Keary
Premier Listings Real Estate
Buyer's Agent
Claudia Attard-Keary
Premier Listings Real Estate
List Price
$49,500
Sold Price
$45,000
Premium/Discount to List
-$4,500
-9.09%
Total Days on Market
69
Current Estimated Value
$87,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,659
Avg. Annual Appreciation
6.71%
Original Mortgage
$36,000
Outstanding Balance
$25,146
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$72,541

Purchase Details

Closed on
Mar 23, 2009
Sold by
Wagner Ruth
Bought by
Wagner Ruth

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
Marzec Brett $45,000 Bryan Milks
Wagner Ruth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marzec Brett $36,000
Previous Owner Wagner Ruth L $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2013 06/18/13 Sold $45,000 -9.1% $21 / Sq Ft
03/17/2013 03/17/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $49,500 -- $23 / 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 $2,730 $43,000 $2,200 $40,800
2023 $1,619 $43,000 $2,200 $40,800
2022 $1,642 $43,000 $2,200 $40,800
2021 $1,690 $43,000 $2,200 $40,800
2020 $1,701 $43,000 $2,200 $40,800
2019 $645 $43,000 $2,200 $40,800
2018 $2,320 $43,000 $2,200 $40,800
2017 $1,743 $43,000 $2,200 $40,800
2016 $1,724 $43,000 $2,200 $40,800
2015 -- $43,000 $2,200 $40,800
2014 -- $43,000 $2,200 $40,800
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B421569

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0004-029-000-0000