$32,500
SOLD FEB 17, 2021

302 5th Ave Olean, NY 14760

2 Beds
1 Bath
768 Sq Ft
5,655 Sq Ft Lot

Recently Sold

$42 Per Sq Ft

19% Below List Price

10 Days on Market

Highlights

  • Wood Flooring
  • Country Kitchen
  • Forced Air Cooling System
  • 1 Car Detached Garage
  • Porch
  • 1-Story Property

About This Home

As of May 2024

Olean - Ranch Home on manageable lot with detached oversized one car garage. With about 768 square feet - there is a living room, small kitchen with dining area, 2 bedrooms and 1 full bathroom. Full basement with laundry hook-ups and storage.

Last Agent to Sell the Property

Ken Bailey

Listing by Real Estate Pros & More License #10371200907 Listed on: 11/09/2020

Last Buyer's Agent

Ken Bailey

Listing by Real Estate Pros & More License #10371200907 Listed on: 11/09/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 5,655 Sq Ft Lot
  • Lot Dimensions are 131 x 43

Parking

  • 1 Car Detached Garage

Home Design

  • Block Foundation

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Scuttle Attic Hole
  • Country Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Porch

Schools

  • East View Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 041200-094-050-0003-036-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 45000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 131
  • Lot Dimension Front: 43
  • Lot Information: Neighborhood Street
  • Lot Number: 36
  • Nearest Cross Street: Paragon Ave
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 250385.21
  • Ratio Close Price By Sq Ft: 42.32
  • Ratio List Price By Acres: 307395.99
  • Ratio List Price By Sq Ft: 51.95
  • Regional Board Code: Rochester
  • School Tax: 1190
  • Styles of Residence: Ranch
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 5655
  • Age of Building: 74
  • Year Built: 1948
  • Above Grade Finished Sq Ft: 768
  • Directions To Property: Front Street to Paragon Ave to Fifth Ave.
  • Sq Ft Total Pub: 768
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1948

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: 1st Floor Bedroom, Laundry-Basement, Porch - Open
  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some, Wood-Some
  • Kitchen Appliances Included: Oven/Range Electric
  • Kitchen Dining Description: Country Kitchen
  • Number of Bedrooms 1st Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 5
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 768

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1298

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

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

Schools

  • School District: Olean
  • Elementary School: East View Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-050-0003-036-000-0000

Tax Info

  • Total Taxes: 2455

MLS Schools

  • Elementary School Name: East View Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 17, 2024
Sold by
Paddison Russell J
Bought by
Ewings Jean T
Seller's Agent
Ken Bailey
Real Estate Pros & More
Buyer's Agent
Mary Karst
Howard Hanna Professionals - Olean
List Price
$89,900
Sold Price
$90,000
Premium/Discount to List
$100
0.11%
Views
87
Current Estimated Value
$88,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,230
Avg. Annual Appreciation
1.53%
Original Mortgage
$72,000
Outstanding Balance
$71,344
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$20,535

Purchase Details

Listed on
Nov 9, 2020
Closed on
Feb 5, 2021
Sold by
Sperformance Llc
Bought by
Paddison Russell J
Seller's Agent
Ken Bailey
Real Estate Pros & More
Buyer's Agent
Ken Bailey
Real Estate Pros & More
List Price
$39,900
Sold Price
$32,500
Premium/Discount to List
-$7,400
-18.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.81%

Purchase Details

Closed on
Aug 4, 2011
Sold by
Salmonson Marty
Bought by
Sperformance Llc
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $90,000 None Available
Warranty Deed $32,500 None Available
Warranty Deed $32,500 None Available
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $72,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $90,000 +0.1% $117 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $89,900 +176.6% $117 / Sq Ft
02/17/2021 02/17/21 Sold $32,500 -18.5% $42 / Sq Ft
11/19/2020 11/19/20 Pending -- -- --
11/09/2020 11/09/20 For Sale $39,900 -- $52 / 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 $1,699 $45,000 $4,700 $40,300
2023 $1,694 $45,000 $4,700 $40,300
2022 $1,719 $45,000 $4,700 $40,300
2021 $1,768 $45,000 $4,700 $40,300
2020 $1,781 $45,000 $4,700 $40,300
2019 $675 $45,000 $4,700 $40,300
2018 $2,427 $45,000 $4,700 $40,300
2017 $1,824 $45,000 $4,700 $40,300
2016 $1,804 $45,000 $4,700 $40,300
2015 -- $45,000 $4,700 $40,300
2014 -- $45,000 $4,700 $40,300
Source: Public Records

Agents Affiliated with this Home

  • Ken Bailey

    Seller's Agent in 2024

    Ken Bailey

    Real Estate Pros & More

    (716) 307-6960

    63 in this area

    142 Total Sales

    Ken Bailey
    Section Image

  • M

    Buyer's Agent in 2024

    Mary Karst

    Howard Hanna

    Section Image
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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1306780

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-050-0003-036-000-0000

New York Cattaraugus County Olean 14760

302 5th Ave, Olean, NY

This home is located at 302 5th Ave, Olean, NY 14760 and is currently priced at $32,500, approximately $42 per square foot. This property was built in 1948. 302 5th Ave is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and New Life Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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