NOT LISTED FOR SALE

305 Madison Ave Olean, NY 14760

Estimated Value: $248,000 - $371,000

4 Beds
2.5 Baths
2,411 Sq Ft
$119/Sq Ft Est. Value

Last Sold October 20, 2016

Last sale price $165,000 $68 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,801/month

Highlights

  • 0.74 Acre Lot
  • Wood Flooring
  • 1 Car Detached Garage
  • Traditional Architecture
  • 1 Fireplace
  • Eat-In Kitchen

About This Home

As of October 2016

Great four bedroom family home on large city lot.

Last Agent to Sell the Property

John Dwaileebe

Listing by Howard Hanna Professionals - Olean License #40DW0994003 Listed on: 08/25/2016

Howard Hanna Professionals - Olean

Last Buyer's Agent

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10491207167

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,783

Year Built

  • Built in 1920

Lot Details

  • 0.74 Acre Lot
  • Lot Dimensions are 185 x 175

Home Design

  • Traditional Architecture
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 2,411 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

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

Parking

  • 1 Car Detached Garage
  • Carport

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 041200-094-042-0001-023-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,783

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Age: 96
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 145000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 185
  • Lot Dimension Front: 175
  • Lot Information: Neighborhood Street
  • L P Per Acre: 241891.8900
  • List Price per Sq Ft: 74.2430
  • Nearest Cross Street: Main
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 222972.97
  • Ratio Close Price By Sq Ft: 68.44
  • Ratio List Price By Acres: 241891.89
  • Ratio List Price By Sq Ft: 74.24
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 3714
  • Styles of Residence: Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 179000.00
  • Year Built Description: Existing
  • Age of Building: 102
  • Year Built: 1920
  • Directions To Property: Main Street take a right on to madison house on the left
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some
  • Additional Rooms: Laundry-Basement
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Hardwood-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Electric, Dishwasher, Dryer, Oven/Range Built-In, Refrigerator, Washer
  • Kitchen Dining Description: Eat-In, Island
  • Number of Bedrooms 2nd Floor: 3
  • Number of Bedrooms 3rd Floor: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 3rd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 8
  • Half Bathrooms: 1
  • Total Bathrooms: 2.10
  • Total Bedrooms: 4
  • Total Sq Ft: 2411

Exterior Features

  • Construction: Frame
  • Additional Exterior Features: Patio
  • Number of Acres: 0.7400

Garage/Parking

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

Utilities

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

Lot Info

  • Parcel Number: 041200-094-042-0001-023-000-0000

Tax Info

  • Total Taxes: 7783

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2016
Closed on
Oct 20, 2016
Sold by
Cornell Dana L
Bought by
Palumbo Brian C
Seller's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
Buyer's Agent
Dennis Pezzimenti
Howard Hanna Professionals - Olean
List Price
$179,000
Sold Price
$165,000
Premium/Discount to List
-$14,000
-7.82%
Current Estimated Value
$287,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,820
Avg. Annual Appreciation
6.24%
Original Mortgage
$140,250
Outstanding Balance
$112,579
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$175,241

Purchase Details

Listed on
May 14, 2010
Closed on
Aug 17, 2012
Sold by
Mathanakaran Thayaparan
Bought by
Cornell Dana
Seller's Agent
Mary Pepper
No Office Affiliation
Buyer's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
List Price
$209,900
Sold Price
$153,000
Premium/Discount to List
-$56,900
-27.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.83%
Original Mortgage
$150,228
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 2007
Sold by
Mathanakaran Thayaparan
Bought by
Mathanakaran Thayaparan

Purchase Details

Closed on
Jun 5, 2006
Sold by
Wagner William
Bought by
Mathanakaran Thayaparan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,300
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2004
Sold by
Hill Donald Lee
Bought by
Wagner William

Purchase Details

Closed on
Aug 5, 1998
Sold by
Walter Karen K
Bought by
Hill Donald Lee Sherry M

Purchase Details

Closed on
Jul 27, 1998
Sold by
Walter Karen K
Bought by
Hill Donald Lee Sherry M
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
Palumbo Brian C $165,000 Elizabeth Bertrand
Cornell Dana $153,000 Daniel Palumbo
Mathanakaran Thayaparan -- Robert E Mountain Jr
Mathanakaran Thayaparan $194,000 Dicerbo & Palumbo
Wagner William $170,000 Hiscock & Barclay
Hill Donald Lee Sherry M $133,000 --
Hill Donald Lee Sherry M $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palumbo Brian C $140,250
Previous Owner Cornell Dana $150,228
Previous Owner Mathanakaran Thayaparan $184,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2016 10/20/16 Sold $165,000 -7.8% $68 / Sq Ft
08/25/2016 08/25/16 Pending -- -- --
08/25/2016 08/25/16 For Sale $179,000 +17.0% $74 / Sq Ft
08/21/2012 08/21/12 Sold $153,000 -27.1% $63 / Sq Ft View Prior Sale
05/04/2012 05/04/12 Pending -- -- --
05/14/2010 05/14/10 For Sale $209,900 -- $87 / 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 $9,927 $157,000 $35,700 $121,300
2023 $5,911 $157,000 $35,700 $121,300
2022 $5,996 $157,000 $35,700 $121,300
2021 $6,169 $157,000 $35,700 $121,300
2020 $6,212 $157,000 $35,700 $121,300
2019 $2,357 $157,000 $35,700 $121,300
2018 $8,291 $157,000 $35,700 $121,300
2017 $5,877 $145,000 $35,700 $109,300
2016 $5,119 $145,000 $35,700 $109,300
2015 -- $145,000 $35,700 $109,300
2014 -- $145,000 $35,700 $109,300
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B507445

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-042-0001-023-000-0000