Seller's Agent in 2022
Paul Pezzimenti
Howard Hanna
(716) 378-7039
193 in this area
332 Total Sales
--
Bed
--
Bath
3,782
Sq Ft
6,399
Sq Ft
Highlights
- Programmable Thermostat
- Baseboard Heating
- Wood Siding
- Forced Air Heating System
- High Speed Internet
About This Home
As of November 2022This 5-unit rental property is ready to go with a 15% cap rate (see the last picture). With several updates including a new furnace, some new drywall, and has a brand new roof (Jan 2022). There is one parking space for tenants on the property. There are refrigerators and oven/ranges for each of the units and 2 sets of washers and dryers that the landlord owns. Three of the units are heated with electric baseboard (all but one paid by tenants), and the others are with furnaces with one of the furances being brand new. The studio apartment water and electric is paid by the landlord. Water is $80-120 per month and electric for the studio is about $30.
Last Agent to Sell the Property
Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 02/01/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,435
Year Built
- Built in 1910
Lot Details
- 6,400 Sq Ft Lot
- Lot Dimensions are 50x128
Home Design
- Wood Siding
Interior Spaces
- 3,782 Sq Ft Home
- 2-Story Property
- Laminate Flooring
Kitchen
- Electric Oven
- Electric Range
Laundry
- Dryer
- Washer
Parking
- No Garage
- Driveway
Schools
- Washington West Elementary School
- Olean Middle School
- Olean Senior High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Baseboard Heating
- Programmable Thermostat
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Rent includes water
- Tax Lot 12
- Assessor Parcel Number 041200-094-056-0007-012-000-0000
Community Details
Overview
- 5 Units
Building Details
- 5 Separate Gas Meters
- Operating Expense $7,825
- Gross Income $33,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/02/2022 11/02/22 | Sold | $131,000 | -10.3% | $35 / Sq Ft |
| 07/25/2022 07/25/22 | For Sale | $146,000 | 0.0% | $39 / Sq Ft |
| 07/22/2022 07/22/22 | Pending | -- | -- | -- |
| 07/11/2022 07/11/22 | Pending | -- | -- | -- |
| 05/12/2022 05/12/22 | Price Changed | $146,000 | -3.3% | $39 / Sq Ft |
| 01/31/2022 01/31/22 | For Sale | $151,000 | -- | $40 / Sq Ft |
Source: Chautauqua-Cattaraugus Board of REALTORS®
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 | $5,627 | $89,000 | $10,200 | $78,800 |
| 2023 | $3,351 | $89,000 | $10,200 | $78,800 |
| 2022 | $1,700 | $44,500 | $10,200 | $34,300 |
| 2021 | $1,749 | $44,500 | $10,200 | $34,300 |
| 2020 | $1,761 | $44,500 | $10,200 | $34,300 |
| 2019 | $668 | $44,500 | $10,200 | $34,300 |
| 2018 | $2,400 | $44,500 | $10,200 | $34,300 |
| 2017 | $1,804 | $44,500 | $10,200 | $34,300 |
| 2016 | $1,784 | $44,500 | $10,200 | $34,300 |
| 2015 | -- | $44,500 | $10,200 | $34,300 |
| 2014 | -- | $44,500 | $10,200 | $34,300 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Pezzimenti
-
Jan Murray
J
Buyer's Agent in 2022
Jan Murray
Chautauqua-Cattaraugus Board MLS
(716) 499-7295
11 in this area
97 Total Sales
Map
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1387207
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