NOT LISTED FOR SALE

302 S Union St Olean, NY 14760

Estimated Value: $68,000 - $103,000

9 Beds
3 Baths
4,088 Sq Ft
$21/Sq Ft Est. Value

Last Sold July 10, 2012

Last sale price $40,000 $10 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $634/month

57 Days on Market

Highlights

  • 6 Fireplaces
  • Forced Air Cooling System
  • 4-minute walk to Lincoln Park

About This Home

As of July 2012

This home is located at 302 S Union St, Olean, NY 14760 since 05 April 2012 and is currently estimated at $84,448, approximately $20 per square foot. This property was built in 1910. 302 S Union St is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and Southern Tier Catholic School.

Last Agent to Sell the Property

Thomas Fenner

Listing by Real Estate Pros & More License #10301223660 Listed on: 04/05/2012

Last Buyer's Agent

Thomas Fenner

Listing by Real Estate Pros & More License #10301223660 Listed on: 04/05/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 50 x 64

Interior Spaces

  • 4,088 Sq Ft Home
  • 2-Story Property
  • 6 Fireplaces
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • No Driveway

Utilities

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

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number 041200-094-073-0003-023-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Age: 102
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 122900
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 50
  • Lot Dimension Front: 64
  • Lot Information: Neighborhood Street
  • L P Per Acre: 1087074.8300
  • List Price per Sq Ft: 19.5450
  • Nearest Cross Street: Henley St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 571428.57
  • Ratio Close Price By Sq Ft: 9.78
  • Ratio List Price By Acres: 1141428.57
  • Ratio List Price By Sq Ft: 19.55
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 2910
  • Sale Price List Price: 0.5006
  • S P Per Acre: 571428.5700
  • S P Per Sq Ft: 9.7847
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Short Sale
  • Value Range Search Low Price: 79900.00
  • Year Built Description: Existing
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: South Union St in Olean
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Basement Description: Full
  • Number of Fireplaces Total Calculated: 6
  • Number of Rooms: 6
  • Total Sq Ft: 4088

Exterior Features

  • Construction: Brick
  • Number of Acres: 0.0700

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 3
  • Parking Driveway: No Driveway

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-073-0003-023-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 6217

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2012
Closed on
Jul 6, 2012
Sold by
Vanzandt Phyllis
Bought by
Meyers Bruce
Seller's Agent
Thomas Fenner
Real Estate Pros & More
Buyer's Agent
Thomas Fenner
Real Estate Pros & More
List Price
$79,900
Sold Price
$40,000
Premium/Discount to List
-$39,900
-49.94%
Current Estimated Value
$84,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,448
Avg. Annual Appreciation
5.73%
Original Mortgage
$54,500
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2010
Sold by
P & R Van Llc
Bought by
Vanzandt Phyllis

Purchase Details

Closed on
Nov 10, 2008
Sold by
Vanzandt Roland
Bought by
P & R Van Llc

Purchase Details

Closed on
Oct 9, 2008
Sold by
P & R Van Llc
Bought by
Vanzandt Phyllis

Purchase Details

Closed on
Jan 26, 2006
Sold by
Moses & Holcomb Estate
Bought by
P & R Van Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Meyers Bruce $40,000 Michael Morgan
Vanzandt Phyllis -- Daniel Palumbo
P & R Van Llc -- Daniel R Palumbo
Vanzandt Phyllis -- --
P & R Van Llc $124,900 Daniel Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Meyers Bruce $54,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2012 07/10/12 Sold $40,000 -49.9% $10 / Sq Ft
06/01/2012 06/01/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $79,900 -- $20 / 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 $2,265 $60,000 $1,100 $58,900
2023 $2,259 $60,000 $1,100 $58,900
2022 $2,291 $60,000 $1,100 $58,900
2021 $2,358 $60,000 $1,100 $58,900
2020 $2,374 $60,000 $1,100 $58,900
2019 $901 $60,000 $1,100 $58,900
2018 $3,237 $60,000 $1,100 $58,900
2017 $4,155 $60,000 $1,100 $58,900
2016 $4,116 $60,000 $1,100 $58,900
2015 -- $60,000 $1,100 $58,900
2014 -- $60,000 $1,100 $58,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B405269

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-073-0003-023-000-0000