NOT LISTED FOR SALE

3018 Nys Route 417 Olean, NY 14760

Estimated Value: $2,916,426

1.05 Acres
$2,777,549 Price per Acre
45,738 Sq Ft Lot

Last Sold May 08, 2015

Last sale price $265,000 $6 Per Sq Ft

Est. 1,001% increase in value since last sale

Current estimated payment $17,843/month

376 Days on Market

Highlights

  • 1.05 Acre Lot
  • Allegany-Limestone Elementary School Rated 9+
  • Level Lot

About This Lot

As of May 2015

LEVEL COMMERCIAL PROPERTY. 1.05 ACRES. NOT IN FLOOD ZONE. CONSISTS OF 4 PARCELS, 2 LOTS ARE VACANT AND READY TO BUILD, AND INCLUSED 2 OTHER LOTS THAT CURRENTLY HAVE 2 HOUSES ON THEM WITH RENTALS. TOTAL ACREAGE IS 1.05 FOR ALL 4 LOTS. LOCATED ON BUSY 417 AND IN FRONT OF WALMART SUPERCENTER. PROBABLY THE BEST COMMERCIAL LOT AVAILABLE IN AREA. OWNER WILLING TO SELL ONLY 2 VACANT LOTS IF NEEDED. CALL FOR POSSIBILITY FOR MORE LAND FOR SALE

Last Agent to Sell the Property

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925 Listed on: 05/21/2013

Last Buyer's Agent

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925 Listed on: 05/21/2013

Property Details

Property Type

  • Land

Lot Details

  • 1.05 Acre Lot
  • Lot Dimensions are 150 x 305
  • Property fronts a state road
  • Level Lot
  • Cleared Lot
  • Finished Lot(s)

Interior Spaces

  • 45,750 Sq Ft Home

Utilities

  • Gas Available
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 042089-094-062-0001-009-000-0000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Topography: Level
  • NY Swis Code: Allegany-042089
  • Total Assessed Value: 1
  • Buildings Structures: Garage
  • Development Status: Cleared Land, Finished Lot(S)
  • Improvements: Sidewalk
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 150
  • Lot Dimension Front: 305
  • Lot Information: Commercial Zoning
  • L P Per Acre: 476189.5238
  • List Price per Sq Ft: 10.9289
  • Nearest Cross Street: PARK STREET
  • Possible Uses: Commercial, Hotel/Motel, Office Building, Shopping Center
  • Property Type: Lots, Land, Farms, and Seasonal/Camps
  • Ratio Close Price By Acres: 252380.95
  • Ratio Close Price By Sq Ft: 5.79
  • Ratio List Price By Acres: 476189.52
  • Ratio List Price By Sq Ft: 10.93
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1
  • Sale Price List Price: 0.5300
  • S P Per Acre: 252380.9524
  • S P Per Sq Ft: 5.7900
  • Sub Board Code: Buffalo
  • Type: Building Lot, Commercial
  • Type of Sale: Normal
  • Value Range Search Low Price: 499999.00
  • Directions To Property: RT 417 TO 3030 NYS RT 417 NEXT TO LIVING WATERS CHURCH. LAND IS FROM CHURCH TO TIM HORTONS. ALL ROAD FRONTAGE.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Total Sq Ft: 45750

Exterior Features

  • Frontage Road: State, Town
  • Number of Acres: 1.0500

Utilities

  • Utilities On-site: Electric, Gas, Sanitary Sewer, Storm Sewer, Telephone On Site, Water
  • Waste Disposal: Sewer Connected
  • Water Supply: Public

Lot Info

  • Parcel Number: 042089-094-062-0001-009-000-0000

Tax Info

  • Total Taxes: 3

MLS Schools

  • School District Name: Allegany-Limestone

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2016
Sold by
Quattro Olean Llc
Bought by
Carelli Ltd
Current Estimated Value
$2,916,426

Purchase Details

Listed on
May 21, 2013
Closed on
Apr 22, 2015
Sold by
Quattro Development Llc
Bought by
Quattro Olean Llc
Seller's Agent
Joseph Chamberlain
No Office Affiliation
Buyer's Agent
Joseph Chamberlain
No Office Affiliation
List Price
$499,999
Sold Price
$265,000
Premium/Discount to List
-$234,999
-47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.42%
Original Mortgage
$742,000
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 2001
Sold by
Laperle-Freeman Roberta E
Bought by
Fellowshi Rhema Christian
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carelli Ltd $1,647,058 David Lenefsky
Quattro Olean Llc -- Jeffrey E. Rochman
Quattro Developmen Llc $265,000 Jeffrey E. Rochman
Fellowshi Rhema Christian $75,000 Daniel A Derose
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quattro Developmen Llc $742,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2015 05/08/15 Sold $265,000 -47.0% $6 / Sq Ft
06/01/2014 06/01/14 Pending -- -- --
05/21/2013 05/21/13 For Sale $499,999 -- $11 / 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 $30,026 $875,000 $120,000 $755,000
2023 $30,003 $875,000 $120,000 $755,000
2022 $28,393 $875,000 $120,000 $755,000
2021 $28,692 $875,000 $120,000 $755,000
2020 $29,107 $875,000 $120,000 $755,000
2019 $6,035 $875,000 $120,000 $755,000
2018 $29,950 $875,000 $120,000 $755,000
2017 $12,796 $342,500 $45,000 $297,500
2016 $19,221 $342,500 $45,000 $297,500
2015 -- $45,000 $45,000 $0
2014 -- $45,000 $45,000 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joseph Chamberlain

    No Office Affiliation

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Map

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

MLS Number: B430324

Western New York Real Estate Information Services (WNYREIS)

APN: 042089-094-062-0001-008-000-0000

New York Cattaraugus County Olean 14760

3018 Nys Route 417, Olean, NY

Not Listed for Sale

Lots

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