$320,000
SOLD MAY 20, 2025

2540 Five Mile Rd Allegany, NY 14706

4 Beds
2.5 Baths
2,701 Sq Ft
1.12 Acres

Recently Sold

$118 Per Sq Ft

3 Days on Market

Highlights

  • 1.12 Acre Lot
  • Recreation Room
  • Separate Formal Living Room
  • Deck
  • Raised Ranch Architecture
  • Corner Lot

About This Home

As of May 2025

Welcome to this spacious and well-maintained 4-bedroom, 2.5-bath raised ranch, nestled on a beautiful 1+ acre lot. This home offers the perfect blend of comfort, space, and privacy, with a layout designed for easy living and entertaining. Step inside to find a bright and airy main level featuring an inviting living room with large windows, a well-appointed kitchen with ample cabinet space, and a dining area with access to the deck—perfect for enjoying morning coffee or evening sunsets. The primary suite includes an en-suite bath, while two additional bedrooms and a full bath complete the main floor. The lower level offers even more living space, featuring a fourth bedroom, half bath, and a generous family room—ideal for gatherings, a home office, or a guest suite. Nice mud room for extra storage and space to kick off your shoes. Additional highlights include a 2-car garage, new tankless hot water tank, and ample storage throughout. New metal roof. Partially fenced in yard. Pear and apple trees. Nice large shed and a small shed that comes with electric. Conveniently located with easy access to schools, shopping, and major roadways, this home is a must-see!

Last Agent to Sell the Property

Kelly Patrone

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-353-3222 License #30PA0967867 Listed on: 03/10/2025

Howard Hanna Professionals - Olean

Last Buyer's Agent

Sandra Goode

Listing by Howard Hanna Professionals - Ellicottville License #10301201915

Howard Hanna Professionals - Ellicottville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,172

Year Built

  • Built in 1988

Lot Details

  • 1.12 Acre Lot
  • Lot Dimensions are 255x175
  • Partially Fenced Property
  • Corner Lot
  • Rectangular Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Raised Ranch Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2,701 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Family Room
  • Separate Formal Living Room
  • Recreation Room
  • Bonus Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • PEX Plumbing
  • Well
  • Gas Water Heater
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 042089-084-004-0002-018-011-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,172

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1988
  • Attribution Contact: 716-353-3222
  • ResoLaundryFeatures: In Basement
  • Lot Features: Corner Lot, Rectangular, Rectangular Lot
  • Directions: Corner of Solterra Circle and Five Mile Rd
  • Architectural Style: Raised Ranch
  • Flooring: Carpet, Laminate, Tile, Varies
  • Garage Yn: Yes
  • Interior Features: Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen, Separate/Formal Living Room, Kitchen Island, Pantry, Pull Down Attic Stairs, Bath in Primary Bedroom
  • Unit Levels: One
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
  • Basement: Full, Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1250.0
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Total Bedrooms: 10
  • Stories: 1
  • Stories: 1

Exterior Features

  • Fencing: Partial
  • Acres: 1.12
  • Waterfront: No
  • Construction Type: Vinyl Siding, PEX Plumbing
  • Exterior Features: Concrete Driveway, Deck, Fence
  • Foundation Details: Block
  • Patio And Porch Features: Deck

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Utilities: High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Allegany-Limestone

Lot Info

  • Parcel Number: 042089-084-004-0002-018-011-0000
  • Lot Dimensions: 255X175
  • Lot Size Sq Ft: 48787.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6172.0
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2025
Closed on
May 19, 2025
Sold by
Luckie John E and Rumptz Rebecca
Bought by
Cole Tonya L
Seller's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
Buyer's Agent
Sandra Goode
Howard Hanna Professionals - Ellicottville
List Price
$320,000
Sold Price
$320,000
Views
18
Current Estimated Value
$323,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,487
Avg. Annual Appreciation
4.43%

Purchase Details

Listed on
May 19, 2022
Closed on
Aug 5, 2022
Sold by
Bgrs Llc
Bought by
Luckie John E and Rumptz Rebecca
Seller's Agent
Todd VanDyke
RE/MAX On Point
Buyer's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
List Price
$289,000
Sold Price
$289,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.73%
Original Mortgage
$299,404
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 19, 2022
Closed on
Jul 27, 2022
Sold by
Bhide Harshawardhan S and Joshi Jyoyi J
Bought by
Bgrs Llc
Seller's Agent
Todd VanDyke
RE/MAX On Point
Buyer's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
List Price
$289,000
Sold Price
$289,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,404
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 20, 2020
Sold by
Dixon John S and Dixon Laura A
Bought by
Bhide Harshawardhan S and Joshi Jyoti J
Seller's Agent
John Skadowski
Howard Hanna Professionals - Olean
Buyer's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
List Price
$219,000
Sold Price
$211,000
Premium/Discount to List
-$8,000
-3.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.33%
Original Mortgage
$166,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2006
Sold by
Porterfield Wade
Bought by
Dixon John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 1997
Sold by
Steffan Mark B and Steffan Linda A
Bought by
Poorterfiled Wade R and Poorterfiled Rboyn

Purchase Details

Closed on
May 12, 1995
Sold by
Jaekle Mark R
Bought by
Steffan Mark B and Steffan Linda A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $320,000 None Available
Deed $289,000 None Available
Warranty Deed $289,000 None Available
Warranty Deed -- None Available
Deed $170,000 Daniel R. Palumbo
Deed $170,000 Daniel R. Palumbo
Deed $135,000 --
Deed $135,000 --
Land Contract $134,000 --
Land Contract $134,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $299,404 Purchase Money Mortgage
Previous Owner $166,000 New Conventional
Previous Owner $176,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $4,993 Unknown
Previous Owner $161,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Sold $320,000 0.0% $118 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $320,000 +10.7% $118 / Sq Ft
08/09/2022 08/09/22 Sold $289,000 0.0% $107 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $289,000 +37.0% $107 / Sq Ft
10/30/2020 10/30/20 Sold $211,000 -3.7% $78 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $219,000 -- $81 / Sq Ft
Source: Chautauqua-Cattaraugus 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 $6,171 $180,000 $22,400 $157,600
2023 $6,167 $180,000 $22,400 $157,600
2022 $5,836 $180,000 $22,400 $157,600
2021 $5,898 $180,000 $22,400 $157,600
2020 $5,534 $180,000 $22,400 $157,600
2019 $2,254 $180,000 $22,400 $157,600
2018 $5,646 $180,000 $22,400 $157,600
2017 $5,357 $157,900 $14,100 $143,800
2016 $5,285 $157,900 $14,100 $143,800
2015 -- $157,900 $14,100 $143,800
2014 -- $157,900 $14,100 $143,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1592074

Chautauqua-Cattaraugus Board of REALTORS®

APN: 042089-084-004-0002-018-011-0000