NOT LISTED FOR SALE

2840 MacDuffy Rd Olean, NY 14760

Estimated Value: $74,000 - $119,000

3 Beds
1 Bath
1,152 Sq Ft
$80/Sq Ft Est. Value

Last Sold January 18, 2018

Last sale price $40,000 $35 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $719/month

144 Days on Market

Highlights

  • Forced Air Cooling System
  • Heating System Uses Gas
  • 1-Story Property
  • Wall to Wall Carpet

About This Home

As of January 2018

Single family house that is setup as a common area kitchen, bath, and living room. Three bedrooms are rented as separate units at 395.00 each. This building is on its own lot but must be sold with the 9 unit apartment building in from of this home located at 2850 McDuffy Rd. Nice full basement also. This will be a 12 unit with both buildings

Last Agent to Sell the Property

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925 Listed on: 06/14/2017

Last Buyer's Agent

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925 Listed on: 06/14/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,079

Year Built

  • Built in 1970

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 230 x 70

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet
  • Basement Fills Entire Space Under The House
  • Microwave

Utilities

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

Listing and Financial Details

  • Rent includes all utilities, cable TV, refuse removal
  • Tax Lot 68
  • Assessor Parcel Number 046600-103-003-0002-068-002-0000

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Gross Income $14,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,079

Year Built

Built in 1970

Lot Details

0

Listing Details

  • NY Swis Code: Olean- Town-046600
  • Total Assessed Value: 39000
  • Gross Annual Income: 14220
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 230
  • Lot Dimension Front: 70
  • Lot Number: 68
  • Nearest Cross Street: Rt 16 South
  • Number of Stories: 1.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 107152.42
  • Ratio Close Price By Sq Ft: 34.72
  • Ratio List Price By Acres: 133672.65
  • Ratio List Price By Sq Ft: 43.32
  • Regional Board Code: Buffalo
  • Rent Includes: All Utilities, Cable TV, Refuse Removal
  • School Tax: 1201
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 16261
  • Age of Building: 53
  • Year Built: 1970
  • Directions To Property: Rt 16 North to the old Lucias Restaurant. Property located next to the old resaurant
  • WaterRelatedFeatures: Other - See Remarks
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1970

Interior Features

  • Basement Description: Full
  • Floor Description: Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Microwave, Oven/Range Gas-Some, Refrigerator
  • Total Sq Ft: 1152

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.3733

Garage/Parking

  • Number of Electric Meters: 1
  • Parking Driveway: 2 or More Spaces, Blacktop

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Sewer Description: Septic
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 046600-103-003-0002-068-002-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2079

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2015
Sold by
Palmquist Carl
Bought by
Palmquist Carl and Palmquist
Total Days on Market
144
Current Estimated Value
$91,895
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 Buyer Sale Price Title Company
Palmquist Carl -- Gregory Shemeld
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chapman Dale $172,000
Previous Owner Palmquist Carl A $93,500
Previous Owner Palmquist Carl $112,000
Previous Owner Pepper Randall R $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2018 01/18/18 Sold $40,000 -19.8% $35 / Sq Ft
11/05/2017 11/05/17 Pending -- -- --
06/14/2017 06/14/17 For Sale $49,900 -- $43 / 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 $2,467 $39,000 $2,600 $36,400
2023 $2,341 $39,000 $2,600 $36,400
2022 $2,301 $39,000 $2,600 $36,400
2021 $2,239 $39,000 $2,600 $36,400
2020 $2,261 $39,000 $2,600 $36,400
2019 $1,201 $39,000 $2,600 $36,400
2018 $2,260 $39,000 $2,600 $36,400
2017 $3,352 $39,000 $2,600 $36,400
2016 $2,082 $39,000 $2,600 $36,400
2015 -- $39,000 $2,600 $36,400
2014 -- $39,000 $2,600 $36,400
Source: Public Records

Agents Affiliated with this Home

  • Joseph Chamberlain

    Seller's Agent in 2018

    Joseph Chamberlain

    No Office Affiliation

    (716) 378-6372

    28 Total Sales

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Map

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

MLS Number: B1053437

Western New York Real Estate Information Services (WNYREIS)

APN: 046600-103-003-0002-068-002-0000

New York Cattaraugus County Olean 14760

2840 MacDuffy Rd, Olean, NY

This home is located at 2840 MacDuffy Rd, Olean, NY 14760 since 14 June 2017 and is currently estimated at $91,895, approximately $79 per square foot. This property was built in 1970. 2840 MacDuffy Rd is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School and Olean Senior High School.

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