NOT LISTED FOR SALE

3110 Route 16 N Unit NYS Olean, NY 14760

Estimated Value: $229,578

1 Bed
1 Bath
2,004 Sq Ft
$115/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $20,001 $10 Per Sq Ft

Est. 1,048% increase in value since last sale

Current estimated payment $1,498/month

16 Days on Market

Highlights

  • 2 Fireplaces
  • Wall to Wall Carpet
  • 1-Story Property
  • Forced Air Cooling System

About This Home

As of June 2016

Unlimited possibilities in this two unit home with two car garage. Home is located in Olean close to stores, schools, etc. Subject features a two bedroom home with a one bedroom apratment.

Last Agent to Sell the Property

Janet Parks

Listing by No Office Affiliation License #40BA0780579 Listed on: 05/03/2016

Last Buyer's Agent

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 1.3 Acre Lot
  • 182 Ft Wide Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 2,004 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wall to Wall Carpet
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Propane
  • Well
  • Propane Water Heater
  • Septic Tank

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 044600-085-012-0001-014-001-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Age: 69
  • NY Swis Code: Hinsdale-044600
  • Total Assessed Value: 60000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Front: 182
  • Lot Information: Neighborhood Street
  • L P Per Acre: 11538.4615
  • List Price per Sq Ft: 7.4850
  • Nearest Cross Street: Sherlock
  • Number of Stories: 1.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 15385.38
  • Ratio Close Price By Sq Ft: 9.98
  • Ratio List Price By Acres: 11538.46
  • Ratio List Price By Sq Ft: 7.49
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1410
  • Sale Price List Price: 1.3334
  • S P Per Acre: 15385.3846
  • S P Per Sq Ft: 9.9800
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Value Range Search Low Price: 15000.00
  • Year Built Description: Existing
  • Age of Building: 75
  • Year Built: 1947
  • Directions To Property: Route 16 in Olean
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1947

Interior Features

  • Additional Interior Features: Circuit Breakers - Some
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Wall To Wall Carpet-Some
  • Number of Fireplaces Total Calculated: 2
  • Number of Rooms: 8
  • Total Sq Ft: 2004

Exterior Features

  • Number of Acres: 1.3000

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Propane
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Septic
  • Water Heater Fuel: Propane

Schools

  • School District: Hinsdale
  • Elementary School: Other - See Remarks
  • Middle School: Other - See Remarks

Lot Info

  • Parcel Number: 044600-085-012-0001-014-001-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2429

MLS Schools

  • School District Name: Hinsdale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2021
Sold by
Peters Darwin and Peters Sandra
Bought by
Runkle Philip E and Runkle Betty J
Current Estimated Value
$229,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Outstanding Balance
$161,641
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$67,937

Purchase Details

Closed on
Jun 26, 2017
Sold by
Clark James M
Bought by
Peters Darwin

Purchase Details

Closed on
Mar 1, 2017
Sold by
Peters Darwin
Bought by
Clark James

Purchase Details

Listed on
May 3, 2016
Closed on
Jun 15, 2016
Sold by
Association Federal National Mortgage
Bought by
Peters Darwin
Seller's Agent
Janet Parks
No Office Affiliation
Buyer's Agent
Joseph Chamberlain
No Office Affiliation
List Price
$15,000
Sold Price
$20,001
Premium/Discount to List
$5,001
33.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.99%

Purchase Details

Closed on
Feb 23, 2016
Sold by
Clark James M
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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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
Runkle Philip E $177,000 None Available
Runkle Philip E $177,000 None Available
Peters Darwin -- Brian Palumbo
Peters Darwin -- Brian Palumbo
Clark James -- Brian C. Palumbo
Clark James -- Brian C. Palumbo
Peters Darwin $20,001 Brain Palumbo
Peters Darwin $20,001 Brain Palumbo
Federal National Mortgage Association $500 Fein Such & Crane
Federal National Mortgage Association $500 Fein Such & Crane
Mortgage Association Federal National $500 Fein Such & Crane
Mortgage Association Federal National $500 Fein Such & Crane
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Runkle Philip E $177,000
Closed Runkle Philip E $177,000
Previous Owner Peters Darwin $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $20,001 +33.3% $10 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
05/03/2016 05/03/16 For Sale $15,000 -- $7 / 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 $7,767 $250,000 $24,000 $226,000
2023 $7,790 $250,000 $24,000 $226,000
2022 $7,728 $250,000 $24,000 $226,000
2021 $6,219 $200,000 $24,000 $176,000
2020 $6,230 $200,000 $24,000 $176,000
2019 $21 $200,000 $24,000 $176,000
2018 $8,521 $200,000 $24,000 $176,000
2017 $538 $17,300 $12,300 $5,000
2016 $1,271 $60,000 $22,200 $37,800
2015 -- $60,000 $22,200 $37,800
2014 -- $60,000 $22,200 $37,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Janet Parks

    No Office Affiliation

  • J

    Buyer's Agent in 2016

    Joseph Chamberlain

    No Office Affiliation

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Map

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

MLS Number: B498812

Western New York Real Estate Information Services (WNYREIS)

APN: 044600-085-012-0001-014-001-0000

New York Cattaraugus County Olean 14760

3110 Route 16 N Unit NYS, Olean, NY

This home is located at 3110 Route 16 N Unit NYS, Olean, NY 14760 since 03 May 2016 and is currently estimated at $229,578, approximately $114 per square foot. This property was built in 1947. 3110 Route 16 N Unit NYS is a home located in Cattaraugus County with nearby schools including Hinsdale Central School and New Life Christian School.

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