NOT LISTED FOR SALE

324 S Union St Olean, NY 14760

Estimated Value: $67,000 - $94,000

3 Beds
2 Baths
2,541 Sq Ft
$34/Sq Ft Est. Value

Last Sold July 11, 2016

Last sale price $46,000 $18 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $563/month

73 Days on Market

About This Home

As of July 2016

This home is located at 324 S Union St, Olean, NY 14760 since 01 April 2016 and is currently estimated at $85,664, approximately $33 per square foot. This property was built in 1905. 324 S Union St is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and Southern Tier Catholic School.

Last Listed By

Thomas Butler

Listing by Southern Tier Realty Co. Inc. License #10311202991 Listed on: 04/01/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 112 x 45

Parking

  • No Garage

Home Design

  • Duplex

Interior Spaces

  • 2,541 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Assessor Parcel Number 041200-094-073-0003-028-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Age: 111
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 55000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 112
  • Lot Dimension Front: 45
  • L P Per Acre: 454166.6700
  • List Price per Sq Ft: 21.4482
  • Nearest Cross Street: Green St.
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 383333.33
  • Ratio Close Price By Sq Ft: 18.10
  • Ratio List Price By Acres: 454166.67
  • Ratio List Price By Sq Ft: 21.45
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: No Utilities
  • School Tax: 1409
  • Sale Price List Price: 0.8440
  • S P Per Acre: 383333.3300
  • S P Per Sq Ft: 18.1000
  • Sub Board Code: Buffalo
  • Type of Residence: Duplex
  • Type of Sale: Normal
  • Value Range Search Low Price: 54500.00
  • Year Built Description: Existing
  • Age of Building: 117
  • Year Built: 1905
  • Directions To Property: S. Union St across from Rieds Food Barn
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1905

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some
  • Kitchen Appliances Included: Negotiable
  • Number of Rooms: 12
  • Total Sq Ft: 2541

Exterior Features

  • Construction: Shake Shingle
  • Number of Acres: 0.1200

Garage/Parking

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

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: 041200-094-073-0003-028-000-0000

Rental Info

  • Certificate of Occupancy: Negotiable

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2925

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jun 30, 2016
Sold by
Bantelman Joseph
Bought by
Sabatino Anthony
Seller's Agent
Thomas Butler
Southern Tier Realty Co. Inc.
Buyer's Agent
Thomas Butler
Southern Tier Realty Co. Inc.
List Price
$55,000
Sold Price
$46,000
Premium/Discount to List
-$9,000
-16.36%
Total Days on Market
73
Current Estimated Value
$85,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,664
Avg. Annual Appreciation
8.25%
Original Mortgage
$36,800
Outstanding Balance
$15,462
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$77,498

Purchase Details

Closed on
Apr 21, 2006
Sold by
Barie Thomas
Bought by
Bantelman Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,520
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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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 Buyer Sale Price Title Company
Sabatino Anthony $46,000 Brian Palumbo
Bantelman Joseph $61,900 Daniel Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sabatino Anthony $36,800
Previous Owner Bantelman Joseph $49,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2016 07/11/16 Sold $46,000 -16.4% $18 / Sq Ft
06/13/2016 06/13/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $55,000 -- $22 / 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 $3,492 $55,000 $3,900 $51,100
2023 $2,071 $55,000 $3,900 $51,100
2022 $2,101 $55,000 $3,900 $51,100
2021 $2,161 $55,000 $3,900 $51,100
2020 $2,176 $55,000 $3,900 $51,100
2019 $939 $55,000 $3,900 $51,100
2018 $2,967 $55,000 $3,900 $51,100
2017 $2,229 $55,000 $3,900 $51,100
2016 $2,205 $55,000 $3,900 $51,100
2015 -- $55,000 $3,900 $51,100
2014 -- $55,000 $3,900 $51,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Thomas Butler

    Southern Tier Realty Co. Inc.

    (716) 378-7141

    48 Total Sales

    Thomas Butler
    Section Image
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Map

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

MLS Number: B496151

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-073-0003-028-000-0000

New York Cattaraugus County Olean 14760

324 S Union St, Olean, NY

Homes for Sale in Olean, NY

This home is located at 324 S Union St, Olean, NY 14760 since 01 April 2016 and is currently estimated at $85,664, approximately $33 per square foot. This property was built in 1905. 324 S Union St is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and Southern Tier Catholic School.

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