NOT LISTED FOR SALE

2975 W River Rd Olean, NY 14760

Estimated Value: $199,000 - $265,000

3 Beds
2 Baths
1,694 Sq Ft
$137/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $185,000 $109 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,511/month

72 Days on Market

Highlights

  • Barn
  • 33.09 Acre Lot
  • Wood Flooring
  • Horses Allowed On Property
  • Wooded Lot
  • Farmhouse Style Home

About This Home

As of March 2023

Enjoy the amazing views of Rock City Hill or the Allegheny River right across the street. A wooded hillside is the back drop for this 2 story farmhouse. Renovations started .... waiting for you to complete! A stocked pond, mature managed forest, an unfinished cabin on the hill behind the pond, large barn, timeless fence on 2+acre pasture, and out building perfect for goats or chickens. Excellent hunting and close to boat launches for kayaks and water activity on the river. The home features many new windows, 200 amp electric service, metal roof. Furnace and hot water tank about 5 years old. Upstairs the master suite is almost complete with new bathroom (jetted tub & separate shower) and walk in closet. There is a detached, heated building perfect for home office. Beautiful yard with mature trees and forsythia hedge at roadside for privacy. Free gas currently heats the home conveyed from neighboring wells that is piped into house and barn.

Last Agent to Sell the Property

Kathy Komenda

Listing by Howard Hanna WNY Inc. License #30KO0635543 Listed on: 07/12/2022

Howard Hanna WNY Inc.

Last Buyer's Agent

Michael Miles

Listing by No Office Affiliation License #10401363668

No Office Affiliation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,358

Year Built

  • Built in 1900

Lot Details

  • 33.09 Acre Lot
  • Lot Dimensions are 2,203 x 426
  • Wooded Lot

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,694 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room
  • Breakfast Room
  • Bonus Room
  • Sun or Florida Room
  • Partial Basement
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Free-Standing Range
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Stone Driveway

Outdoor Features

  • Enclosed Patio or Porch
  • Shed

Schools

  • Allegany-Limestone Middle School
  • Allegany-Limestone High School

Utilities

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

Additional Features

  • Barn
  • Horses Allowed On Property

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 046600-094-003-0004-001-001-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,358

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Additional Structures: Barn / Outbuilding, Shed/Storage
  • NY Swis Code: Olean- Town-046600
  • Total Assessed Value: 53290
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 2203
  • Lot Dimension Front: 426
  • Lot Information: Agricultural District, Horses Permitted, Wooded Lot
  • Lot Number: 1
  • Nearest Cross Street: 2 Mile Rd.
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 5590.81
  • Ratio Close Price By Sq Ft: 109.21
  • Ratio List Price By Acres: 7249.92
  • Ratio List Price By Sq Ft: 141.62
  • Regional Board Code: Buffalo
  • Roof Description: Metal
  • School Tax: 1135
  • Styles of Residence: 2 Story, Farmhouse
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 1420056
  • Age of Building: 123
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1694
  • Directions To Property: From 417 take 4 Mile Road to W. River Rd. Home on right across from the river.
  • Sq Ft Total Pub: 1694
  • Attribution Contact: 716-560-6840
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Circuit Breakers - Some
  • Additional Rooms: Bonus Room, Florida/Sun Room- Unheated, Foyer/Entry Hall, Laundry-1st Floor, Living Room, Primary Bedroom Bath, Porch - Enclosed, Studio
  • Basement Description: Partial
  • Floor Description: Hardwood-Some, Vinyl-Some, Wood-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Freestanding
  • Kitchen Dining Description: Breakfast Room, Eat-In
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 11
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1694

Exterior Features

  • Construction: Shake Shingle, Vinyl, Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 33.0900

Garage/Parking

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

Utilities

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

Schools

  • School District: Allegany-Limestone
  • Middle School: Allegany-Limestone Middle
  • High School: Allegany-Limestone High

Lot Info

  • Parcel Number: 046600-094-003-0004-001-001-0000

Tax Info

  • Total Taxes: 2358

MLS Schools

  • High School Name: Allegany-Limestone High
  • Middle School Name: Allegany-Limestone Middle
  • School District Name: Allegany-Limestone

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Mar 14, 2023
Sold by
Miller Jennifer J
Bought by
Jackson Ebraaheema and Jackson Lorie
Seller's Agent
Kathy Komenda
Howard Hanna WNY Inc.
Buyer's Agent
Michael Miles
No Office Affiliation
List Price
$239,900
Sold Price
$185,000
Premium/Discount to List
-$54,900
-22.88%
Views
138
Current Estimated Value
$231,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,805
Avg. Annual Appreciation
3.70%
Original Mortgage
$249,268
Outstanding Balance
$242,784
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$39,903

Purchase Details

Closed on
Jan 20, 2010
Sold by
Kyser John
Bought by
Kyser John

Purchase Details

Closed on
May 29, 1999
Sold by
C Austin and Finn C
Bought by
Rumsey Jennifer J and Rumsey Fred L

Purchase Details

Closed on
Mar 9, 1998

Purchase Details

Closed on
Mar 11, 1997
Sold by
Moore Sean P
Bought by
Kyser Alan

Purchase Details

Closed on
Oct 1, 1996
Sold by
Austin Inez C
Bought by
Moore Sean P
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
Jackson Ebraaheema $185,000 None Available
Kyser John -- Robert E Mountain Jr
Rumsey Jennifer J $57,000 --
-- $63,000 --
Kyser Alan $1,000 --
Moore Sean P $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Ebraaheema $249,268
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2023 03/15/23 Sold $185,000 -22.9% $109 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $239,900 -- $142 / 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 $3,378 $90,100 $17,300 $72,800
2023 $2,286 $53,290 $17,300 $35,990
2022 $2,391 $53,290 $17,300 $35,990
2021 $2,358 $53,290 $17,300 $35,990
2020 $1,913 $53,290 $17,300 $35,990
2019 $675 $53,290 $17,300 $35,990
2018 $1,899 $53,290 $17,300 $35,990
2017 $1,857 $53,290 $17,300 $35,990
2016 $1,878 $53,290 $17,300 $35,990
2015 -- $53,290 $17,300 $35,990
2014 -- $53,290 $17,300 $35,990
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1417492

Western New York Real Estate Information Services (WNYREIS)

APN: 046600-094-003-0004-001-001-0000