$105,000
SOLD MAY 19, 2025

318 King St Olean, NY 14760

3 Beds
1.5 Baths
1,416 Sq Ft
7,013 Sq Ft Lot

Recently Sold

$74 Per Sq Ft

19% Below List Price

9 Days on Market

Highlights

  • Recreation Room
  • Screened Porch
  • 1 Car Detached Garage
  • 1 Fireplace
  • Formal Dining Room
  • Woodwork

About This Home

As of May 2025

This affordable two-level home featuring stunning woodwork could be the perfect starter home. Its spacious living room leads to a large dining room, which in turn leads to a back room that could serve as an office or a playroom. The backyard will be ideal for entertaining (once the snow melts!) The convenient half bath is perfectly located for guests. The back door has a drop zone that leads to the finished basement which is set up for additional living space with a gas fireplace, pool table and includes a washer and dryer. The second level comprises a full bathroom and three large bedrooms, each with ample closet space. The full attic provides additional storage. Heating costs will be minimized with the brand-new heating system that was installed within the past year. The kitchen has a pantry closet for extra storage, along with another unfinished area allowing for possible addition to kitchen area. The enclosed front porch is perfect for sitting out on summer nights with the screened windows open. The home is situated directly across from a park that has a walking trail along the perimeter. The owner has updated the siding on the back of the house, where you will find a large carport. This charming house has plenty of potential.

Last Agent to Sell the Property

Christine Calbi

Listing by EXP-Premier Listings Team Brokerage Phone: 716-907-7205 License #10401373976 Listed on: 02/09/2025

Last Buyer's Agent

Christine Calbi

Listing by EXP-Premier Listings Team Brokerage Phone: 716-907-7205 License #10401373976 Listed on: 02/09/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,247

Year Built

  • Built in 1930

Lot Details

  • 7,013 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Rectangular Lot
  • Historic Home

Parking

  • 1 Car Detached Garage
  • Carport
  • Driveway

Home Design

  • Block Foundation
  • Shake Siding
  • Vinyl Siding

Interior Spaces

  • 1,416 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • 1 Fireplace
  • Formal Dining Room
  • Recreation Room
  • Screened Porch
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 041200-094-067-0002-045-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,247

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1930
  • Attribution Contact: 716-907-7205
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Architectural Style: Historic/Antique
  • Carport Y N: Yes
  • Flooring: Carpet, Laminate, Varies
  • Garage Yn: Yes
  • Interior Features: Ceiling Fan(s), Separate/Formal Dining Room, Pull Down Attic Stairs, Natural Woodwork
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Main Level Bathrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.161
  • Waterfront: No
  • Construction Type: Shake Siding, Vinyl Siding
  • Exterior Features: Concrete Driveway, Enclosed Porch, Porch
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Porch, Screened

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Carport, Detached, Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-067-0002-045-000-0000
  • Lot Dimensions: 50X140
  • Lot Size Sq Ft: 7013.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3247.0
  • Tax Lot: 45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2025
Closed on
May 19, 2025
Sold by
Coletti Anthony D
Bought by
Hennessey Edward J and Harris Andrea L
Seller's Agent
Christine Calbi
EXP-Premier Listings Team
Buyer's Agent
Christine Calbi
EXP-Premier Listings Team
List Price
$129,900
Sold Price
$105,000
Premium/Discount to List
-$24,900
-19.17%
Views
30
Current Estimated Value
$108,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,016
Avg. Annual Appreciation
4.19%
Original Mortgage
$88,000
Outstanding Balance
$87,688
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$20,328

Purchase Details

Listed on
Jun 4, 2020
Closed on
Aug 13, 2020
Sold by
Hendryx Gary J and Hendryx Amanda J
Bought by
Coletti Anthony C and Dakota-Coletti Anthony
Seller's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
Buyer's Agent
Mary Pezzimenti
Howard Hanna Professionals - Olean
List Price
$72,500
Sold Price
$69,000
Premium/Discount to List
-$3,500
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.24%
Original Mortgage
$35,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2007
Sold by
Shoemaker Montgomery
Bought by
Hendryx Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $105,000 None Available
Warranty Deed -- None Available
Deed $60,000 Daniel R Palumbo
Deed $60,000 Daniel R Palumbo
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $88,000 Purchase Money Mortgage
Previous Owner $35,000 New Conventional
Previous Owner $57,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/19/2025 05/19/25 Sold $105,000 -19.2% $74 / Sq Ft
02/18/2025 02/18/25 Pending -- -- --
02/09/2025 02/09/25 For Sale $129,900 +88.3% $92 / Sq Ft
08/21/2020 08/21/20 Sold $69,000 -4.8% $49 / Sq Ft View Prior Sale
06/15/2020 06/15/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $72,500 -- $51 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $3,794 $60,000 $6,600 $53,400
2023 $2,259 $60,000 $6,600 $53,400
2022 $2,291 $60,000 $6,600 $53,400
2021 $2,358 $60,000 $6,600 $53,400
2020 $3,768 $60,000 $6,600 $53,400
2019 $901 $60,000 $6,600 $53,400
2018 $4,589 $60,000 $6,600 $53,400
2017 $3,723 $60,000 $6,600 $53,400
2016 $3,637 $60,000 $6,600 $53,400
2015 -- $60,000 $6,600 $53,400
2014 -- $60,000 $6,600 $53,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1587907

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-067-0002-045-000-0000