M
Seller's Agent in 2024
Matthew Golden
Century 21 North East
104 Total Sales
Estimated Value: $374,161
4
Beds
2.5
Baths
15,936
Sq Ft
$23/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Carpet
- 5-minute walk to Lincoln Park
About This Home
As of July 2024This excellent mixed use investment property sits in downtown Olean within walking distance of JCC, and has 2 separate businesses with 12 enclosed offices with additional cubical space in 1, and 5 enclosed offices in the other. On the second floor there are 3 2 bedroom apartment units with long term tenants, ample amounts of storage space, and a huge conference/training room. Updates on the building include a flat roof over a portion of the building, and shingles on the other 2020, electrical updated 2022, 2 new boilers 2021, plumbing within the last 5 years, and a new sewage line installed last year. There is a huge parking lot behind the building that connects to JCC. This building has all that you can ask for in an investment property, and will not last long. Please allow 24 notice for the tenants in the building when booking a showing. This listing is listed as commercial MLS#B1473075 & Residential MLS#B1473075
Last Agent to Sell the Property
Listing by Century 21 North East License #10401349392 Listed on: 06/30/2023
Last Buyer's Agent
Listing by Howard Hanna Professionals - Olean License #10301214758
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,770
Year Built
- Built in 1850
Lot Details
- 0.45 Acre Lot
- Lot Dimensions are 95x207
Parking
- Parking Available
Home Design
- Brick Exterior Construction
Interior Spaces
- 15,936 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Units
- 1 Separate Gas Meter
Listing and Financial Details
- Rent includes electricity, heat, water
- Tax Lot 52
- Assessor Parcel Number 041200-094-065-0003-052-000-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 30, 2023
Closed on
Jul 26, 2024
Sold by
Parent Educ Program Inc
Bought by
Pbre Llc
Seller's Agent
Matthew Golden
Century 21 North East
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$459,000
Sold Price
$375,000
Premium/Discount to List
-$84,000
-18.3%
Views
104
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$839
Avg. Annual Appreciation
-0.25%
Original Mortgage
$300,000
Outstanding Balance
$297,973
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$76,188
Purchase Details
Closed on
Oct 28, 2002
Sold by
Blumenthal Jack
Bought by
Parent Education Program Inc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pbre Llc | $375,000 | None Available | |
| Parent Education Program Inc | $323,000 | Nicholas Dicerbo | |
| Parent Education Program Inc | $323,000 | Nicholas Dicerbo |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pbre Llc | $300,000 | |
| Previous Owner | Parent Education Program | $36,710 | |
| Previous Owner | Parent Edu Program Inc | $41,550 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/26/2024 07/26/24 | Sold | $375,000 | -9.4% | $24 / Sq Ft |
| 09/07/2023 09/07/23 | Pending | -- | -- | -- |
| 08/17/2023 08/17/23 | Price Changed | $414,000 | +93.5% | $26 / Sq Ft |
| 08/17/2023 08/17/23 | Price Changed | $214,000 | -53.4% | $13 / Sq Ft |
| 06/30/2023 06/30/23 | For Sale | $459,000 | -- | $29 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
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 | $2,738 | $315,300 | $24,200 | $291,100 |
| 2023 | $9,088 | $315,300 | $24,200 | $291,100 |
| 2022 | $9,174 | $315,300 | $24,200 | $291,100 |
| 2021 | $12,390 | $315,300 | $24,200 | $291,100 |
| 2020 | $2,869 | $315,300 | $24,200 | $291,100 |
| 2019 | $1,089 | $315,300 | $24,200 | $291,100 |
| 2018 | $3,912 | $315,300 | $24,200 | $291,100 |
| 2017 | $2,939 | $315,300 | $24,200 | $291,100 |
| 2016 | $2,907 | $315,300 | $24,200 | $291,100 |
| 2015 | -- | $315,300 | $24,200 | $291,100 |
| 2014 | -- | $315,300 | $24,200 | $291,100 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Golden
-
Paul Pezzimenti
Buyer's Agent in 2024
Paul Pezzimenti
Howard Hanna
(716) 378-7039
343 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1477934
APN: 041200-094-065-0003-052-000-0000
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