NOT LISTED FOR SALE

2764 Route 16 N Unit NYS Olean, NY 14760

Estimated Value: $70,000 - $127,000

3 Beds
1 Bath
1,496 Sq Ft
$61/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $32,500 $22 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $641/month

17 Days on Market

Highlights

  • Old Style Architecture
  • Formal Dining Room
  • Forced Air Cooling System
  • Home Office
  • Country Kitchen
  • Living Room

About This Home

As of August 2023

Great opportunity for someone wanting to live in the Hinsdale School District. This home has so many unfinished possibilities. There is a decent sized lot in the back yard. This home could be flipped or used as an income property. Don't miss out on the opportunity to own a property on the outskirts of Olean and enjoy the benefit of Hinsdale taxes.

Last Listed By

Janna Davis

Listing by ERA Team VP Real Estate License #10401323321 Listed on: 04/17/2023

ERA Team VP Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,580

Year Built

  • Built in 1920

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 200 x 70

Home Design

  • Old Style Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,496 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Formal Dining Room
  • Home Office
  • Basement Fills Entire Space Under The House
  • Country Kitchen

Flooring

  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Stone Driveway
  • Dirt Driveway

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 046600-085-019-0001-011-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,580

Year Built

Built in 1920

Lot Details

0

Listing Details

  • NY Swis Code: Olean- Town-046600
  • Total Assessed Value: 44900
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 200
  • Lot Dimension Front: 70
  • Lot Information: Primary Road
  • Lot Number: 11
  • Nearest Cross Street: Fay Hollow Rd
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 101120.10
  • Ratio Close Price By Sq Ft: 21.72
  • Ratio List Price By Acres: 155569.38
  • Ratio List Price By Sq Ft: 33.42
  • Regional Board Code: Buffalo
  • Roof Description: Asphalt
  • School Tax: 641
  • Styles of Residence: 2 Story, Old Style
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 14000
  • Age of Building: 103
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 1496
  • Directions To Property: From Olean take Rt. 16N. Look for the ERA sign
  • Sq Ft Total Pub: 1496
  • Attribution Contact: 716-307-0472
  • EnergyEquipment: Oil Tank-Above Ground
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: Living Room, Office
  • Basement Description: Full
  • Floor Description: Laminate-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Electric
  • Kitchen Dining Description: Country Kitchen, Formal Dining Room
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 8
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1496

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.3214

Garage/Parking

  • Driveway Description: Dirt, Stone/Gravel
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Septic
  • Water Heater Fuel: Electric, Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Hinsdale

Lot Info

  • Parcel Number: 046600-085-019-0001-011-000-0000

Tax Info

  • Total Taxes: 1580

MLS Schools

  • School District Name: Hinsdale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Aug 27, 2023
Sold by
Adamchick Mark I
Bought by
Hadden Valerie
Seller's Agent
Janna Davis
ERA Team VP Real Estate
Buyer's Agent
Janna Davis
ERA Team VP Real Estate
List Price
$50,000
Sold Price
$32,500
Premium/Discount to List
-$17,500
-35%
Total Days on Market
17
Views
109
Current Estimated Value
$90,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,237
Avg. Annual Appreciation
84.65%

Purchase Details

Closed on
Jun 16, 2020
Sold by
Us Bank Na
Bought by
Lux Heath

Purchase Details

Closed on
Nov 7, 2003
Sold by
Blough Kathryn
Bought by
Lawton Chad

Purchase Details

Closed on
Jun 4, 2001
Sold by
Cattaraugus County
Bought by
Blough Kathryn

Purchase Details

Closed on
Feb 13, 2001
Sold by
Weigartz Keith J
Bought by
County Of Cattaraugus

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
Hadden Valerie $32,500 None Available
Lux Heath -- None Available
Lawton Chad $52,470 Gregory Shemeld
Blough Kathryn $10,500 --
County Of Cattaraugus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lawton Chad C $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $32,500 -35.0% $22 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $50,000 -- $33 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $1,622 $44,900 $7,800 $37,100
2023 $1,590 $44,900 $7,800 $37,100
2022 $1,580 $44,900 $7,800 $37,100
2021 $1,605 $44,900 $7,800 $37,100
2020 $1,184 $44,900 $7,800 $37,100
2019 $267 $44,900 $7,800 $37,100
2018 $1,160 $44,900 $7,800 $37,100
2017 $1,062 $44,900 $7,800 $37,100
2016 $1,068 $44,900 $7,800 $37,100
2015 -- $44,900 $7,800 $37,100
2014 -- $44,900 $7,800 $37,100
Source: Public Records

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Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1465255

Western New York Real Estate Information Services (WNYREIS)

APN: 046600-085-019-0001-011-000-0000