NOT LISTED FOR SALE

329 N 5th St Olean, NY 14760

Estimated Value: $94,000 - $150,488

6 Beds
2 Baths
2,434 Sq Ft
$47/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $1,575 $1 Per Sq Ft

Est. 7,233% increase in value since last sale

Current estimated payment $660/month

60 Days on Market

About This Home

As of September 2016

This home is being sold as a lot only the structure needs a lot of work and would need the building inspectors permission before anything can be done. This property can be viewed from the exterior only

Last Listed By

Janet Parks

Listing by No Office Affiliation License #40BA0780579 Listed on: 04/11/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 128 x 40

Parking

  • No Garage

Interior Spaces

  • 2,434 Sq Ft Home
  • 2-Story Property
  • 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

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 041200-094-056-0008-029-000-0000

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 1920

Lot Details

0

Listing Details

  • Age: 96
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 31000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • L P Per Acre: 58333.3300
  • List Price per Sq Ft: 2.8759
  • Nearest Cross Street: West Sullivan
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 13125.00
  • Ratio Close Price By Sq Ft: 0.65
  • Ratio List Price By Acres: 58333.33
  • Ratio List Price By Sq Ft: 2.88
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 794
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Value Range Search Low Price: 7000.00
  • Year Built Description: Existing Unknown
  • Age of Building: 102
  • Year Built: 1920
  • Directions To Property: West Sullivan to North 5th
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Number of Rooms: 12
  • Total Sq Ft: 2434

Exterior Features

  • Construction: Aluminum/Steel
  • Number of Acres: 0.1200

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 2

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: 041200-094-056-0008-029-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2557

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2019
Sold by
County Of Cattaraugus
Bought by
Williams Renee
Total Days on Market
60
Current Estimated Value
$115,496

Purchase Details

Closed on
May 22, 2019
Sold by
County Of Cattaraugus
Bought by
Williams Renee

Purchase Details

Closed on
Mar 26, 2019
Sold by
County Treasurer
Bought by
County Of Cattaraugus

Purchase Details

Closed on
Feb 26, 2019
Sold by
County Treasurer
Bought by
County Of Cattaraugus

Purchase Details

Closed on
Mar 29, 2017
Sold by
Kingdom First Properties
Bought by
Everything Is Awesome Llc

Purchase Details

Listed on
Apr 11, 2016
Closed on
Aug 29, 2016
Sold by
Federal National Mortgage Association
Bought by
Llc Kingdom First Properties
Seller's Agent
Janet Parks
No Office Affiliation
Buyer's Agent
Annette Fachko
No Office Affiliation
List Price
$7,000
Sold Price
$1,575
Premium/Discount to List
-$5,425
-77.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.83%

Purchase Details

Closed on
Jan 5, 2016
Sold by
Hitchcock Harvard C
Bought by
Federal National Mortgage Association

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
Williams Renee -- None Available
Williams Renee -- None Available
Williams Renee S -- --
County Of Cattaraugus -- None Available
County Of Cattaraugus -- None Available
Cattaraugus County Of -- --
Everything Is Awesome Llc -- --
Llc Kingdom First Properties $1,575 --
Federal National Mortgage Association $500 Fein, Such & Crane, Llp.
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hitchcock Harvard C $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2016 09/09/16 Sold $1,575 -77.5% $1 / Sq Ft
06/10/2016 06/10/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $7,000 -- $3 / 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 $235 $3,700 $3,700 $0
2023 $139 $3,700 $3,700 $0
2022 $141 $3,700 $3,700 $0
2021 $145 $3,700 $3,700 $0
2020 $253 $3,700 $3,700 $0
2019 $973 $3,700 $3,700 $0
2018 $4,256 $31,000 $3,700 $27,300
2017 $2,932 $31,000 $3,700 $27,300
2016 $2,126 $31,000 $3,700 $27,300
2015 -- $31,000 $3,700 $27,300
2014 -- $64,000 $3,700 $60,300
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B496905

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-056-0008-029-000-0000