NOT LISTED FOR SALE

316 N 5th St Unit 18 Olean, NY 14760

Estimated Value: $74,000 - $149,000

6 Beds
2 Baths
2,812 Sq Ft
$36/Sq Ft Est. Value

Last Sold April 29, 2021

Last sale price $49,000 $17 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $686/month

5 Days on Market

Highlights

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

About This Home

As of April 2021

This updated 3 bedroom in each unit Duplex is an excellent investment property! Newer Roof (2017). Laminate flooring, upgraded bathrooms, most windows, electric, some plumbing, Furnaces, Hot water tank.

Last Agent to Sell the Property

Claudia Attard-Keary

Listing by Premier Listings Real Estate License #40AT1023399 Listed on: 03/10/2021

Last Buyer's Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1910

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 128 x 50

Parking

  • No Driveway

Interior Spaces

  • 2,812 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Location

  • Property is near a bus stop

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 21
  • Assessor Parcel Number 041200-094-056-0008-021-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,292

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 42000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 50
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 21
  • Nearest Cross Street: Washington
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 333560.25
  • Ratio Close Price By Sq Ft: 17.43
  • Ratio List Price By Acres: 374404.36
  • Ratio List Price By Sq Ft: 19.56
  • Regional Board Code: Buffalo
  • Rent Includes: No Utilities
  • School Tax: 1111
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6400
  • Age of Building: 113
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 2812
  • Directions To Property: Reed street to N 5th, house is on the left
  • Sq Ft Total Pub: 2812
  • Unit: 18
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Tile-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2812

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1469

Garage/Parking

  • 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: 041200-094-056-0008-021-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2292

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2022
Sold by
Walsh Huskies Llc
Bought by
Apple Tree Mgmt Ny Llc
Current Estimated Value
$100,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,600
Outstanding Balance
$479,324
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$378,991

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 28, 2021
Sold by
Painter Terry
Bought by
Walsh Huskies Llc
Seller's Agent
Claudia Attard-Keary
Premier Listings Real Estate
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$55,000
Sold Price
$49,000
Premium/Discount to List
-$6,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.56%

Purchase Details

Closed on
Jul 31, 2000
Sold by
Thomas Donald
Bought by
Painter Terry
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Apple Tree Mgmt Ny Llc $690,000 None Available
Walsh Huskies Llc $49,000 None Available
Painter Terry $11,000 Daniel Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Apple Tree Mgmt Ny Llc $501,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2021 04/29/21 Sold $49,000 -10.9% $17 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $55,000 -- $20 / 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 $1,586 $42,000 $4,300 $37,700
2023 $1,581 $42,000 $4,300 $37,700
2022 $1,604 $42,000 $4,300 $37,700
2021 $1,650 $42,000 $4,300 $37,700
2020 $1,662 $42,000 $4,300 $37,700
2019 $630 $42,000 $4,300 $37,700
2018 $2,266 $42,000 $4,300 $37,700
2017 $1,702 $42,000 $4,300 $37,700
2016 $1,684 $42,000 $4,300 $37,700
2015 -- $42,000 $4,300 $37,700
2014 -- $42,000 $4,300 $37,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1322707

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-056-0008-021-000-0000