Seller's Agent in 2023
Todd VanDyke
RE/MAX
(716) 373-7325
6 in this area
42 Total Sales
Estimated Value: $97,000 - $144,000
3
Beds
2
Baths
1,607
Sq Ft
$73/Sq Ft
Est. Value
Highlights
- Corner Lot
- Forced Air Cooling System
- Walk-Up Access
- Woodwork
- High Speed Internet
- Wall to Wall Carpet
About This Home
As of July 2023Investment opportunity in Olean NY! This well maintained and fully rented two unit duplex is for sale with the added bonus of the property being COMMERCIALLY ZONED. Located on a very high traffic pattern street and within the main commercial hub in Olean containing Walmart, Staples, Burger King, Friendly's, Perkins, Tops, and many more. Keep them as apartments providing income and equity or this could be a perfect location to open an office or business - or tear down and build in a high visibility commercial location! One apartment is currently rented - the lower apartment is vacant but may be rented at any time.
Last Agent to Sell the Property
Listing by RE/MAX On Point License #10491212754 Listed on: 09/12/2022
Last Buyer's Agent
Katy Gerrity
Listing by ERA Team VP-Olean License #10401366686
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,670
Year Built
- Built in 1940
Lot Details
- 10,650 Sq Ft Lot
- Lot Dimensions are 150 x 71
- Corner Lot
Parking
- 2 Car Garage
Home Design
- Block Foundation
- Shingle Roof
Interior Spaces
- 1,607 Sq Ft Home
- 2-Story Property
- Woodwork
- Walk-Up Access
- Unfinished Attic
Flooring
- Wall to Wall Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Olean Middle School
- Olean Senior High School
Utilities
- Forced Air Cooling System
- Heating System Uses Gas
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Rent includes all utilities
- Tax Lot 49
- Assessor Parcel Number 041200-094-062-0002-049-000-0000
Community Details
Overview
- 2 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 12, 2022
Closed on
Jul 17, 2023
Sold by
Alhumadi Adil and Alhumadi Jehan
Bought by
Tran Tu C and Sabatino Anthony J
Seller's Agent
Todd VanDyke
RE/MAX On Point
Buyer's Agent
Katy Gerrity
ERA Team VP-Olean
List Price
$89,900
Sold Price
$88,000
Premium/Discount to List
-$1,900
-2.11%
Views
167
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
$28,662
Avg. Annual Appreciation
16.72%
Original Mortgage
$71,920
Outstanding Balance
$70,322
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$52,577
Purchase Details
Closed on
May 11, 1998
Purchase Details
Closed on
May 7, 1998
Purchase Details
Closed on
Feb 6, 1998
Purchase Details
Closed on
Aug 5, 1996
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 |
|---|---|---|---|
| Tran Tu C | $88,000 | None Available | |
| -- | -- | -- | |
| -- | $52,500 | -- | |
| -- | $52,500 | -- | |
| -- | -- | -- | |
| -- | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tran Tu C | $71,920 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2023 07/28/23 | Sold | $88,000 | -2.1% | $55 / Sq Ft |
| 04/06/2023 04/06/23 | Pending | -- | -- | -- |
| 03/28/2023 03/28/23 | For Sale | $89,900 | 0.0% | $56 / Sq Ft |
| 03/18/2023 03/18/23 | Pending | -- | -- | -- |
| 03/10/2023 03/10/23 | For Sale | $89,900 | 0.0% | $56 / Sq Ft |
| 03/09/2023 03/09/23 | Price Changed | $89,900 | -9.2% | $56 / Sq Ft |
| 12/04/2022 12/04/22 | Pending | -- | -- | -- |
| 09/12/2022 09/12/22 | For Sale | $99,000 | -- | $62 / 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 | $3,737 | $66,900 | $5,500 | $61,400 |
| 2023 | $2,519 | $66,900 | $5,500 | $61,400 |
| 2022 | $2,555 | $66,900 | $5,500 | $61,400 |
| 2021 | $2,629 | $66,900 | $5,500 | $61,400 |
| 2020 | $2,647 | $66,900 | $5,500 | $61,400 |
| 2019 | $1,004 | $66,900 | $5,500 | $61,400 |
| 2018 | $3,609 | $66,900 | $5,500 | $61,400 |
| 2017 | $2,712 | $66,900 | $5,500 | $61,400 |
| 2016 | $2,682 | $66,900 | $5,500 | $61,400 |
| 2015 | -- | $66,900 | $5,500 | $61,400 |
| 2014 | -- | $66,900 | $5,500 | $61,400 |
Source: Public Records
Agents Affiliated with this Home
-
Todd VanDyke
-
K
Buyer's Agent in 2023
Katy Gerrity
ERA Team VP-Olean
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1432954
APN: 041200-094-062-0002-049-000-0000
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