NOT LISTED FOR SALE

321 N 1st St Olean, NY 14760

4 Beds
3 Baths
4,340 Sq Ft
6,142 Sq Ft Lot

Last Sold July 10, 2023

Last sale price $75,000 $17 Per Sq Ft

216 Days on Market

About This Home

As of July 2023

This ready-to-go investment is a great business opportunity for your real estate investment portfolio. This property is full of character, with a lot of natural woodwork, high ceilings, and even tile around fireplaces. There was recently a new sewer line hooked up to the main city sewer line. They are outsourced to management with minimal owner interaction, and the management company would stay on if the new owner wanted them to. The sale could also include (321 N 1st Street 94.057-5-29; 111 North Clinton Street 94.065-7-14; 125 S Barry Street 94.065-7-39)

Last Agent to Sell the Property

Regis Handley

Listing by Howard Hanna Professionals - Olean License #10301215129 Listed on: 08/29/2022

Howard Hanna Professionals - Olean

Co-Listed By

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758

Last Buyer's Agent

Regis Handley

Listing by Howard Hanna Professionals - Olean License #10301215129 Listed on: 08/29/2022

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,142 Sq Ft Lot
  • Lot Dimensions are 166 x 37

Parking

  • Dirt Driveway

Interior Spaces

  • 4,340 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole

Flooring

  • Wood
  • Wall to Wall Carpet

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 041200-094-057-0005-029-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 110000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 166
  • Lot Dimension Front: 37
  • Lot Information: Neighborhood Street
  • Lot Number: 29
  • Nearest Cross Street: Whitney Ave
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 531914.89
  • Ratio Close Price By Sq Ft: 17.28
  • Ratio List Price By Acres: 708510.64
  • Ratio List Price By Sq Ft: 23.02
  • Regional Board Code: Rochester
  • School Tax: 2919
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6142
  • Age of Building: 123
  • Year Built: 1900
  • Directions To Property: From Route 16, turn onto Wayne St, turn onto First St, the property is on the right
  • Sq Ft Total Pub: 4340
  • Attribution Contact: 716-307-9256
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Full, Partially Finished
  • Floor Description: Wall To Wall Carpet-Some, Wood-Some
  • Total Sq Ft: 4340

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1410

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: Dirt

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Hot Water
  • Number of Gas Meters: 1
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-057-0005-029-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 6030

MLS Schools

  • Elementary School Name: Washington West Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Range of Values:

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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2023 07/10/23 Sold $75,000 -24.9% $17 / Sq Ft
10/10/2022 10/10/22 Price Changed $99,900 -20.1% $23 / Sq Ft
08/29/2022 08/29/22 For Sale $125,000 +53.0% $29 / Sq Ft
12/07/2017 12/07/17 Sold $81,700 -14.0% $22 / Sq Ft View Prior Sale
09/01/2016 09/01/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $95,000 -- $26 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Regis Handley

    Seller's Agent in 2023

    Regis Handley

    Howard Hanna

    (716) 307-9256

    120 in this area

    215 Total Sales

    Regis Handley
    Section Image
  • Paul Pezzimenti

    Seller Co-Listing Agent in 2023

    Paul Pezzimenti

    Howard Hanna

    (716) 378-7039

    193 in this area

    333 Total Sales

    Paul Pezzimenti
    Section Image
  • Taylor Bennett

    Seller's Agent in 2017

    Taylor Bennett

    Keller Williams Realty

    (716) 450-7235

    2 in this area

    479 Total Sales

    Taylor Bennett
    Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1429914

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200 94.057-5-29

New York Cattaraugus County Olean 14760

321 N 1st St, Olean, NY

Not Listed for Sale

MultiFamily

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