NOT LISTED FOR SALE

339 N 7th St Olean, NY 14760

Estimated Value: $88,000 - $101,000

5 Beds
3 Baths
2,166 Sq Ft
$44/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $13,500 $6 Per Sq Ft

Est. 606% increase in value since last sale

Current estimated payment $668/month

57 Days on Market

Highlights

  • Forced Air Cooling System
  • Property is near a bus stop
  • Wall to Wall Carpet

About This Home

As of September 2018

Great income potential! This 3 unit has long term tenants in it, which is great until you become friends and don't want to raise the rent on them! So....the owner is liquidating all his income property and retiring! GREAT for you, as an INVESTOR! this is a 3 unit with a brand new roof. As all properties need some TLC, but it will be a great money maker for you! Especially at this price! Call to tour!

Last Agent to Sell the Property

Claudia Attard-Keary

Listing by EXP-Premier Listings Team License #40AT1023399 Listed on: 06/12/2018

Last Buyer's Agent

Claudia Attard-Keary

Listing by EXP-Premier Listings Team License #40AT1023399 Listed on: 06/12/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,184 Sq Ft Lot
  • Lot Dimensions are 51 x 62

Interior Spaces

  • 2,166 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Partial Basement
  • Scuttle Attic Hole

Location

  • Property is near a bus stop

Utilities

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

Listing and Financial Details

  • Rent includes hot water, water
  • Tax Lot 9
  • Assessor Parcel Number 041200-094-056-0006-009-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 32000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 51
  • Lot Dimension Front: 62
  • Lot Information: Near Bus Line, Neighborhood Street
  • Lot Number: 9
  • Nearest Cross Street: Reed
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 184678.52
  • Ratio Close Price By Sq Ft: 6.23
  • Ratio List Price By Acres: 396716.83
  • Ratio List Price By Sq Ft: 13.39
  • Regional Board Code: Buffalo
  • Rent Includes: Hot Water, Water
  • School Tax: 842
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3184
  • Age of Building: 113
  • Year Built: 1910
  • Directions To Property: West state to N 7th....3rd block
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Partial
  • Floor Description: Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Negotiable
  • Total Sq Ft: 2166

Exterior Features

  • Construction: Composition
  • Number of Acres: 0.0731

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 1 Space

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Wall Furnace
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-056-0006-009-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 1773

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2018
Closed on
Oct 4, 2018
Sold by
Grader Michael T
Bought by
Barlett Linda M
Seller's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
Buyer's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
List Price
$45,000
Sold Price
$13,500
Premium/Discount to List
-$31,500
-70%
Current Estimated Value
$95,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,833
Avg. Annual Appreciation
30.85%

Purchase Details

Closed on
Nov 8, 1997

Purchase Details

Closed on
Apr 9, 1996
Sold by
Masi Philip M and Masi Rose A
Bought by
Grader Michael T and Grader Kathleen M

Purchase Details

Closed on
Nov 28, 1995
Sold by
Cawley Thomas J and Cawley Kathleen B
Bought by
Masi Philip M and Masi Rose A
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 Buyer Sale Price Title Company
Barlett Linda M $13,500 None Available
Bartlett Linda M -- --
Barlett Linda M $13,500 None Available
Bartlett Linda M -- --
-- -- --
Grader Michael T $20,500 --
Grader Michael T $20,500 --
Masi Philip M $21,970 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2018 09/21/18 Sold $13,500 -53.4% $6 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
07/09/2018 07/09/18 Price Changed $29,000 -35.6% $13 / Sq Ft
06/12/2018 06/12/18 For Sale $45,000 -- $21 / 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 $2,023 $32,000 $1,300 $30,700
2023 $1,205 $32,000 $1,300 $30,700
2022 $1,222 $32,000 $1,300 $30,700
2021 $1,257 $32,000 $1,300 $30,700
2020 $2,185 $32,000 $1,300 $30,700
2019 $480 $32,000 $1,300 $30,700
2018 $1,726 $32,000 $1,300 $30,700
2017 $1,297 $32,000 $1,300 $30,700
2016 $1,283 $32,000 $1,300 $30,700
2015 -- $32,000 $1,300 $30,700
2014 -- $32,000 $1,300 $30,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1125734

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-056-0006-009-000-0000