NOT LISTED FOR SALE

312 N 7th St Olean, NY 14760

Estimated Value: $47,055 - $112,000

5 Beds
2 Baths
2,425 Sq Ft
$36/Sq Ft Est. Value

Last Sold January 13, 2015

Last sale price $16,000 $7 Per Sq Ft

Est. 444% increase in value since last sale

Current estimated payment $561/month

21 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Property is near a bus stop

About This Home

As of January 2015

Great income on this two unit duplex! Many updates including new furnace on one side and rebuilt furnace on the other, new dishwashers in both units, rebuilt back deck, and new plumbing. Nice layouts in both units and easy to rent. Low, low taxes! Wonderful return on investment!

Last Listed By

Stephanie Morgan

Listing by JRS Morgan Realty LLC License #49MO0969814 Listed on: 09/30/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 128 x 50

Home Design

  • Duplex

Interior Spaces

  • 2,425 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Parking

  • No Garage
  • No Driveway

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes lawn maintenance, no utilities
  • Assessor Parcel Number 041200-094-056-0007-018-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Operating Expense $600
  • Gross Income $12,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Age: 124
  • Annual Operating Expenses: 600
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 15000
  • Gross Annual Income: 12600
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 50
  • Lot Information: Near Bus Line, Neighborhood Street
  • L P Per Acre: 132666.6700
  • List Price per Sq Ft: 8.2061
  • Nearest Cross Street: West Sullivan
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 106666.67
  • Ratio Close Price By Sq Ft: 6.60
  • Ratio List Price By Acres: 132666.67
  • Ratio List Price By Sq Ft: 8.21
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: Lawn Maintenance, No Utilities
  • School Tax: 378
  • Sale Price List Price: 0.8040
  • S P Per Acre: 106666.6700
  • S P Per Sq Ft: 6.6000
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit, Duplex, Side by Side
  • Type of Sale: Normal
  • Value Range Search Low Price: 19900.00
  • Year Built Description: Existing
  • Age of Building: 132
  • Year Built: 1890
  • Directions To Property: From W. Sullivan toward N. Union, Left on N. 7th home is first house in the right.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Tile-Some, Wood-Some
  • Kitchen Appliances Included: Negotiable
  • Number of Rooms: 11
  • Total Sq Ft: 2425

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1500

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 2
  • Parking Driveway: No Driveway

Utilities

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

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-056-0007-018-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 972

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2014
Closed on
Jan 12, 2015
Sold by
Equity Trust Company Custodian
Bought by
Barlett Linda
Seller's Agent
Stephanie Morgan
JRS Morgan Realty LLC
Buyer's Agent
Stephanie Morgan
JRS Morgan Realty LLC
List Price
$19,900
Sold Price
$16,000
Premium/Discount to List
-$3,900
-19.6%
Total Days on Market
21
Current Estimated Value
$87,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,014
Avg. Annual Appreciation
17.80%

Purchase Details

Listed on
Sep 30, 2014
Closed on
Dec 31, 2014
Sold by
Equity Trust Company Custodian
Bought by
Morgan James
Seller's Agent
Stephanie Morgan
JRS Morgan Realty LLC
Buyer's Agent
Stephanie Morgan
JRS Morgan Realty LLC
List Price
$19,900
Sold Price
$16,000
Premium/Discount to List
-$3,900
-19.6%

Purchase Details

Listed on
Jul 28, 2011
Closed on
Nov 9, 2012
Sold by
Degeer Doug
Bought by
Equity Trust Company Custodian F & B
Seller's Agent
Jon Farleo
Howard Hanna Professionals
Buyer's Agent
Stephanie Morgan
JRS Morgan Realty LLC
List Price
$30,000
Sold Price
$15,000
Premium/Discount to List
-$15,000
-50%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.06%

Purchase Details

Closed on
Apr 13, 2007
Sold by
Rubino Michelina
Bought by
Degeer Doug

Range of Values:

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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
Barlett Linda $16,000 Gregory Shemeld
Morgan James -- Rebecaa Monte
Equity Trust Company Custodian F & B $15,000 Rebecca Monte
Degeer Doug $27,000 Gregory E Shemeld
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2015 01/13/15 Sold $16,000 -19.6% $7 / Sq Ft
10/21/2014 10/21/14 Pending -- -- --
09/30/2014 09/30/14 For Sale $19,900 +32.7% $8 / Sq Ft
11/23/2012 11/23/12 Sold $15,000 -50.0% $6 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
07/28/2011 07/28/11 For Sale $30,000 -- $12 / 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 $952 $15,000 $4,200 $10,800
2023 $565 $15,000 $4,200 $10,800
2022 $573 $15,000 $4,200 $10,800
2021 $589 $15,000 $4,200 $10,800
2020 $594 $15,000 $4,200 $10,800
2019 $225 $15,000 $4,200 $10,800
2018 $809 $15,000 $4,200 $10,800
2017 $608 $15,000 $4,200 $10,800
2016 $601 $15,000 $4,200 $10,800
2015 -- $15,000 $4,200 $10,800
2014 -- $15,000 $4,200 $10,800
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B462694

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-056-0007-018-000-0000