James Klossner
Whitetail Properties Real Estate, LLC
(585) 627-0630
100 Total Sales
1 in Olean
$105,000 Price
311 N 6th St Olean, NY 14760
Olean Area
--
Beds
--
Baths
3,782
Sq Ft
6,400
Sq Ft Lot
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: 01/31/2022
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Olean, NY
-
James Klossner
-
Regis Handley
Regis Handley
Howard Hanna Professionals - Olean
(585) 378-5525
234 Total Sales
134 in Olean
$20K - $450K Price Range
-
Melanie Pritchard
Melanie Pritchard
ERA Team VP Real Estate
(716) 403-3199
162 Total Sales
5 in Olean
$173K - $400K Price Range
-
Jerry Thompson
Jerry Thompson
Century 21 North East
(716) 687-0473
339 Total Sales
2 in Olean
$145,000 Price Range
-
Aimee Campbell
Aimee Campbell
Responds QuicklyEmpire Realty Group
(585) 565-5382
157 Total Sales
1 in Olean
$155,000 Price
-
Caitlin Croft
Caitlin Croft
Iconic Real Estate
(716) 221-8308
83 Total Sales
5 in Olean
$142K - $218K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| Mepcon Holdings Llc | $131,000 | None Available | |
| Anderson Jess | $45,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $120,000 | ||
| Previous Owner | Mepcon Holdings Llc | $155,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $7,640 | $89,000 | $10,200 | $78,800 |
| 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
Seller's Agent in 2022
Paul Pezzimenti
Howard Hanna
(716) 378-7039
338 Total Sales
-
Jan Murray
JM
Buyer's Agent in 2022
Jan Murray
Chautauqua-Cattaraugus Board of REALTORS
(716) 499-7295
113 Total Sales
Map
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1387207
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.
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.
Nearby Homes
Your Personal Tour Guide
Ask me questions while you tour the home.