Seller's Agent in 2023
Ken Bailey
Real Estate Pros & More
(716) 307-6960
60 in this area
143 Total Sales
Estimated Value: $63,000 - $88,000
4
Beds
2
Baths
1,776
Sq Ft
$42/Sq Ft
Est. Value
Highlights
- Baseboard Heating
- Wood Siding
- Carpet
About This Home
As of November 2023Welcome to this fantastic opportunity to own a two-unit home in Olean, NY. Whether you're an investor looking for rental income or a homeowner seeking additional space or a potential mortgage helper, this property offers it all!
Two spacious units – each with 2 bedrooms and full bathrooms. Separate entrances for each unit, providing privacy and convenience. This home is ideally situated in the heart of Olean, close to parks, schools, and shopping centers. With two units, this property presents an excellent investment opportunity. Live in one unit and rent out the other to help offset mortgage costs or maximize rental income potential with both units. Take advantage of the strong rental market in the area.
Don't miss out on this wonderful two-unit home! Whether you're an investor or a homeowner, this property offers great potential. Schedule a viewing today and make it yours!
Last Agent to Sell the Property
Listing by Real Estate Pros & More Brokerage Phone: 716-307-6960 License #10371200907 Listed on: 07/17/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,493
Year Built
- Built in 1920
Lot Details
- 2,700 Sq Ft Lot
- Lot Dimensions are 30x90
Parking
- On-Street Parking
Home Design
- Wood Siding
Interior Spaces
- 1,776 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- East View Elementary School
- Olean Middle School
- Olean Senior High School
Utilities
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 32
- Assessor Parcel Number 041200-094-073-0007-032-000-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 17, 2023
Closed on
Nov 14, 2023
Sold by
Gayton Deon A
Bought by
D & A Development Llc
Seller's Agent
Ken Bailey
Real Estate Pros & More
Buyer's Agent
Regis Handley
Howard Hanna Professionals - Olean
List Price
$60,000
Sold Price
$56,000
Premium/Discount to List
-$4,000
-6.67%
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,192
Avg. Annual Appreciation
12.35%
Original Mortgage
$80,000
Outstanding Balance
$78,081
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$2,889
Purchase Details
Listed on
Jul 17, 2023
Closed on
Nov 2, 2023
Sold by
Hulbert Scott and Hulbert Amanda
Bought by
Gayton Deon A
Seller's Agent
Ken Bailey
Real Estate Pros & More
Buyer's Agent
Regis Handley
Howard Hanna Professionals - Olean
List Price
$60,000
Sold Price
$56,000
Premium/Discount to List
-$4,000
-6.67%
Views
22
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$78,081
Interest Rate
7.19%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$2,889
Purchase Details
Closed on
Mar 27, 2009
Sold by
Benjamin Robert
Bought by
Morales Abril
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| D & A Development Llc | -- | None Available | |
| Gayton Deon A | $56,000 | None Available | |
| Morales Abril | $25,000 | Daniel Palumbo |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gayton Deon A | $80,000 | |
| Previous Owner | Morales Abril | $20,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/02/2023 11/02/23 | Sold | $56,000 | -6.7% | $32 / Sq Ft |
| 07/20/2023 07/20/23 | Pending | -- | -- | -- |
| 07/17/2023 07/17/23 | For Sale | $60,000 | -- | $34 / 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 |
|---|---|---|---|---|
| 2025 | $1,055 | $27,500 | $2,300 | $25,200 |
| 2024 | $1,739 | $27,500 | $2,300 | $25,200 |
| 2023 | $1,035 | $27,500 | $2,300 | $25,200 |
| 2022 | $1,050 | $27,500 | $2,300 | $25,200 |
| 2021 | $1,081 | $27,500 | $2,300 | $25,200 |
| 2020 | $1,088 | $27,500 | $2,300 | $25,200 |
| 2019 | $413 | $27,500 | $2,300 | $25,200 |
| 2018 | $1,483 | $27,500 | $2,300 | $25,200 |
| 2017 | $1,115 | $27,500 | $2,300 | $25,200 |
| 2016 | $1,103 | $27,500 | $2,300 | $25,200 |
| 2015 | -- | $27,500 | $2,300 | $25,200 |
| 2014 | -- | $27,500 | $2,300 | $25,200 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Bailey
-
Regis Handley
Buyer's Agent in 2023
Regis Handley
Howard Hanna
(716) 307-9256
127 in this area
225 Total Sales
Map
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1485051
APN: 041200-094-073-0007-032-000-0000
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.
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