NOT LISTED FOR SALE

2418 New York 16 Olean, NY 14760

Estimated Value: $35,228 - $121,000

38.65 Acres
$2,141 Price per Acre
1,683,594 Sq Ft Lot

Last Sold April 03, 2020

Last sale price $23,000

Est. 260% increase in value since last sale

Current estimated payment $551/month

204 Days on Market

About This Lot

As of April 2020

Woodlands with an established driveway to build your home or camp in Olean NY.

There is a billboard on the property for rental income.

Property consists of mostly hardwoods with an open area to build your camp or home.  Lots of wildlife sign throughout.  There are ATV trails for easy access.

Over 1,000 feet of road frontage and electric is available.

Property is located just outside the city line of Olean.

Last Agent to Sell the Property

Travis Thurston

Listing by Landquest Inc. License #10301222583 Listed on: 03/26/2019

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Property Details

Property Type

  • Land

Lot Details

  • 38.65 Acre Lot
  • Lot Dimensions are 777 x 1,665
  • Property fronts a state road
  • Rural Setting
  • Sloped Lot
  • Wooded Lot

Parking

  • Dirt Driveway

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 046600-094-002-0001-007-001-0000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Topography: Slight Slope
  • NY Swis Code: Olean- Town-046600
  • Total Assessed Value: 44300
  • Development Status: Raw Land
  • Land Features: Wooded
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 777
  • Lot Dimension Front: 1665
  • Lot Information: Residential, Rural
  • Lot Number: 7
  • Nearest Cross Street: Godfrey Hollow Rd.
  • Possible Uses: Recreational, Single Family Development
  • Property Type: Lots, Land, Farms, and Seasonal/Camps
  • Ratio Close Price By Acres: 595.08
  • Ratio List Price By Acres: 1161.71
  • Regional Board Code: Syracuse
  • School Tax: 1161
  • Sub Board Code: Cortland
  • Type: Recreation, Residential
  • Type of Sale: Normal
  • Lot Sq Ft: 1428768
  • Directions To Property: From I86, exit 16, north on Route 16, property on right.
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Road: State
  • Number of Acres: 38.6500

Garage/Parking

  • Driveway Description: Dirt

Utilities

  • Utilities Available: Electric
  • Utilities On-site: Electric

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 046600-094-002-0001-007-001-0000

Tax Info

  • Total Taxes: 2246

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2019
Closed on
Mar 30, 2020
Sold by
Anstaett Dolores N
Bought by
Callahan Kevin
Seller's Agent
Travis Thurston
Landquest Inc.
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$54,900
Sold Price
$23,000
Premium/Discount to List
-$31,900
-58.11%
Current Estimated Value
$82,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,743
Avg. Annual Appreciation
32.61%

Purchase Details

Listed on
Mar 26, 2019
Closed on
Mar 13, 2020
Sold by
Anstaett Dolores N
Bought by
Callahan Kevin
Seller's Agent
Travis Thurston
Landquest Inc.
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$54,900
Sold Price
$23,000
Premium/Discount to List
-$31,900
-58.11%

Purchase Details

Closed on
May 20, 2004
Sold by
Mayer William
Bought by
Anstaett Carroll

Purchase Details

Closed on
Feb 11, 2004
Sold by
Mayer William
Bought by
Marra Anthony
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Callahan Kevin $23,000 None Available
Callahan Kevin $23,000 None Available
Anstaett Carroll $32,000 Robert J Simon
Marra Anthony $70,000 J. Michael Shane
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2020 04/03/20 Sold $23,000 -48.8% --
10/16/2019 10/16/19 Pending -- -- --
07/30/2019 07/30/19 Price Changed $44,900 -10.0% --
05/15/2019 05/15/19 Price Changed $49,900 -9.1% --
03/26/2019 03/26/19 For Sale $54,900 -- --
Source: Cortland County Board of REALTORS®

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 $1,345 $13,065 $13,065 $0
2023 $782 $13,065 $13,065 $0
2022 $768 $13,065 $13,065 $0
2021 $761 $13,065 $13,065 $0
2020 $1,113 $13,065 $13,065 $0
2019 $841 $27,300 $27,300 $0
2018 $1,606 $27,300 $27,300 $0
2017 $1,460 $27,300 $27,300 $0
2016 $1,457 $27,300 $27,300 $0
2015 -- $27,300 $27,300 $0
2014 -- $27,300 $27,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Travis Thurston

    Seller's Agent in 2020

    Travis Thurston

    Landquest Inc.

    (585) 386-9413

    12 in this area

    307 Total Sales

    Travis Thurston
    Section Image
  • Karen Callahan

    Buyer's Agent in 2020

    Karen Callahan

    RE/MAX

    (716) 244-7878

    85 in this area

    107 Total Sales

    Karen Callahan
    Section Image
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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1180663

Cortland County Board of REALTORS®

APN: 046600-094-002-0001-007-001-0000

New York Cattaraugus County Olean 14760

2418 New York 16, Olean, NY

This home is located at 2418 New York 16, Olean, NY 14760 since 26 March 2019 and is currently estimated at $82,743. 2418 New York 16 is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and New Life Christian School.

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