NOT LISTED FOR SALE

2735 W River Rd Olean, NY 14760

Estimated Value: $109,000 - $211,143

3 Beds
2 Baths
2,192 Sq Ft
$68/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $85,000 $39 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,111/month

610 Days on Market

Highlights

  • 0.83 Acre Lot
  • 2 Car Attached Garage
  • Front Green Space
  • Full Attic
  • In-Law or Guest Suite
  • Ceramic Tile Flooring

About This Home

As of May 2019

Check out this well maintained 2-3 bedroom, two bath ranch style house situated on a large lot just minutes from Olean or Allegany. The extremely large Living/Dining room features a working wood burning fireplace which was updated 7 yrs. ago and to the rear of LR is a cozy dining area overlooking the large back yard. The kitchen features spacious counter tops with plenty of cabinet space for all your cooking needs. Just off the Living/Dining area are two spacious bedrooms and bath. Located at the opposite end of the house is a two car attached garage (built 7 yrs ago), a bedroom, and two large finished rooms with separate entrances and laundry room (currently being used as play room and office space) which could also be used as separate living space. Other updates include new furnace (2yrs), new hot water tank (7yrs) and new drainage around the house.

Last Agent to Sell the Property

Jon Farleo

Listing by Howard Hanna Professionals - Olean License #10301214488 Listed on: 07/13/2017

Howard Hanna Professionals - Olean

Last Buyer's Agent

Janna Davis

Listing by ERA Team VP Real Estate License #10401323321

ERA Team VP Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,889

Year Built

  • Built in 1950

Lot Details

  • 0.83 Acre Lot
  • Lot Dimensions are 345 x 105
  • Front Green Space

Home Design

  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,192 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Full Attic
  • Dishwasher
  • Laundry on main level

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Sump Pump

Parking

  • 2 Car Attached Garage
  • Stone Driveway
  • Dirt Driveway

Location

  • Flood Zone Lot

Utilities

  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 046600-094-003-0004-021-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,889

Year Built

Built in 1950

Lot Details

0

Listing Details

  • NY Swis Code: Olean- Town-046600
  • Total Assessed Value: 72900
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 345
  • Lot Dimension Front: 105
  • Lot Information: Flood Zone, Green Area
  • Lot Number: 21
  • Nearest Cross Street: Rt. 417
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 102212.60
  • Ratio Close Price By Sq Ft: 38.78
  • Ratio List Price By Acres: 110630.11
  • Ratio List Price By Sq Ft: 41.97
  • Regional Board Code: Rochester
  • School Tax: 2245
  • Styles of Residence: Ranch
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 36225
  • Age of Building: 72
  • Year Built: 1950
  • Directions To Property: From Olean, south on S. Union St. over bridge, take first right onto W. River Rd. House on left look for HHP Sign.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Sump Pump
  • Additional Rooms: 1st Floor Bedroom, 1st Floor Master Bedroom, 1st Floor Master Suite, Guest Suite, In-Law - see Remarks, Laundry-1st Floor, Living Room
  • Attic Description: Full
  • Basement Description: Partial
  • Floor Description: Ceramic-Some, Laminate-Some, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Electric, Refrigerator
  • Kitchen Dining Description: Living/Dining Combo
  • Number of Bedrooms 1st Floor: 3
  • Number of 1st Floor Full Bathrooms: 2
  • Number of Rooms: 7
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Total Sq Ft: 2192

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.8316

Garage/Parking

  • Driveway Description: Dirt, Stone/Gravel
  • Garage Description: Attached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Oil
  • Hvac Type: Baseboard
  • Sewer Description: Septic
  • Water Heater Fuel: Electric

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 046600-094-003-0004-021-000-0000

Tax Info

  • Total Taxes: 3889

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2017
Closed on
Jun 4, 2019
Sold by
Hite Timothy
Bought by
Colunio Erica Leigh
Seller's Agent
Jon Farleo
Howard Hanna Professionals - Olean
Buyer's Agent
Janna Davis
ERA Team VP Real Estate
List Price
$99,000
Sold Price
$85,000
Premium/Discount to List
-$14,000
-14.14%
Current Estimated Value
$149,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,536
Avg. Annual Appreciation
10.58%
Original Mortgage
$88,762
Outstanding Balance
$80,765
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$80,067

Purchase Details

Listed on
Jul 13, 2017
Closed on
Jun 3, 2019
Sold by
Hite Timothy
Bought by
Colunio Erica Leigh
Seller's Agent
Jon Farleo
Howard Hanna Professionals - Olean
Buyer's Agent
Janna Davis
ERA Team VP Real Estate
List Price
$99,000
Sold Price
$85,000
Premium/Discount to List
-$14,000
-14.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,762
Outstanding Balance
$80,765
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$80,067

Purchase Details

Listed on
Jul 13, 2017
Closed on
May 28, 2019
Sold by
Hite Timothy and Hite Jodi
Bought by
Colunio Erica L
Seller's Agent
Jon Farleo
Howard Hanna Professionals - Olean
Buyer's Agent
Janna Davis
ERA Team VP Real Estate
List Price
$99,000
Sold Price
$85,000
Premium/Discount to List
-$14,000
-14.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,762
Outstanding Balance
$80,765
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$80,067

Purchase Details

Closed on
Jun 8, 2007
Sold by
Mcfarland Eugene
Bought by
Hite Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,700
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2003
Sold by
Beneficial Homeowner Serv Ice Corp
Bought by
Mcfarland Eugene C
Source: Public Records

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
Colunio Erica Leigh $90,400 None Available
Colunio Erica Leigh $90,400 None Available
Colunio Erica L $90,400 --
Hite Timothy $90,700 Gregory Shemeld
Mcfarland Eugene C $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colunio Erica Leigh $88,762
Closed Colunio Erica Leigh $88,762
Closed Colunio Erica L $88,762
Previous Owner Hite Timothy $93,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2019 05/30/19 Sold $85,000 -7.6% $39 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
11/26/2018 11/26/18 Price Changed $92,000 -2.6% $42 / Sq Ft
05/21/2018 05/21/18 Price Changed $94,500 -0.5% $43 / Sq Ft
01/10/2018 01/10/18 Price Changed $95,000 -4.0% $43 / Sq Ft
07/13/2017 07/13/17 For Sale $99,000 -- $45 / 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 $3,828 $60,500 $3,400 $57,100
2023 $3,632 $60,500 $3,400 $57,100
2022 $3,569 $60,500 $3,400 $57,100
2021 $3,474 $60,500 $3,400 $57,100
2020 $3,795 $60,500 $3,400 $57,100
2019 $1,574 $72,900 $3,400 $69,500
2018 $3,549 $72,900 $3,400 $69,500
2017 $3,184 $72,900 $3,400 $69,500
2016 $3,219 $72,900 $3,400 $69,500
2015 -- $72,900 $3,400 $69,500
2014 -- $72,900 $3,400 $69,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1061870

Chautauqua-Cattaraugus Board of REALTORS®

APN: 046600-094-003-0004-021-000-0000