NOT LISTED FOR SALE

400 Wayne St Olean, NY 14760

Estimated Value: $67,000 - $226,000

3 Beds
2 Baths
2,228 Sq Ft
$51/Sq Ft Est. Value

Last Sold April 24, 2015

Last sale price $25,000 $11 Per Sq Ft

Est. 350% increase in value since last sale

Current estimated payment $883/month

2 Days on Market

About This Home

As of April 2015

This home is located at 400 Wayne St, Olean, NY 14760 since 04 December 2014 and is currently estimated at $112,566, approximately $50 per square foot. This property was built in 1900. 400 Wayne St is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and New Life Christian School.

Last Listed By

Dennis Pezzimenti

Listing by Howard Hanna Professionals License #10491207167 Listed on: 12/04/2014

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 85 x 30

Parking

  • 1 Car Garage

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,228 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Partial Basement

Kitchen

  • Electric Range
  • Range Hood

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Rent includes garage
  • Assessor Parcel Number 041200-094-057-0001-042-000-0000

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 1900

Lot Details

0

Listing Details

  • Age: 114
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 49000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 85
  • Lot Dimension Front: 30
  • Lot Information: Neighborhood Street
  • L P Per Acre: 498333.3300
  • List Price per Sq Ft: 13.4201
  • Nearest Cross Street: North Fourth Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 416666.67
  • Ratio Close Price By Sq Ft: 11.22
  • Ratio List Price By Acres: 498333.33
  • Ratio List Price By Sq Ft: 13.42
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: Garage
  • School Tax: 1236
  • Sale Price List Price: 0.8361
  • S P Per Acre: 416666.6700
  • S P Per Sq Ft: 11.2200
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Value Range Search Low Price: 29900.00
  • Year Built Description: Existing
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: On Wayne Street
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Basement Description: Partial
  • Floor Description: Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Electric-Some, Range Hood-Exhaust Fan
  • Number of Rooms: 8
  • Total Sq Ft: 2228

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.0600

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 1 Space

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Wall Furnace
  • 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: 041200-094-057-0001-042-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2588

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2014
Closed on
Apr 30, 2015
Sold by
Olean Area Federal Credit Union
Bought by
Naac Llc
Seller's Agent
Dennis Pezzimenti
Howard Hanna Professionals
Buyer's Agent
Dennis Pezzimenti
Howard Hanna Professionals
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%
Total Days on Market
2
Current Estimated Value
$112,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,566
Avg. Annual Appreciation
11.85%

Purchase Details

Listed on
Dec 4, 2014
Closed on
Apr 24, 2015
Sold by
Olean Area Federal Credit Union
Bought by
Naac Llc
Seller's Agent
Dennis Pezzimenti
Howard Hanna Professionals
Buyer's Agent
Dennis Pezzimenti
Howard Hanna Professionals
List Price
$29,900
Sold Price
$25,000
Premium/Discount to List
-$4,900
-16.39%

Purchase Details

Closed on
Jun 11, 2009
Sold by
Virga Gregory
Bought by
Backer Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2008
Sold by
Jones Thomas
Bought by
Virga Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2008
Sold by
Gelsomino Estate Frank
Bought by
Jones Thomas

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
Naac Llc $12,500 Nicholas A. Dicerbo
Naac Llc $25,000 Nicholas A. Dicerbo, Sr.
Backer Allen $75,000 --
Virga Gregory $50,000 Daniel Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Backer Allen $60,000
Previous Owner Virga Gregory $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2015 04/24/15 Sold $25,000 -16.4% $11 / Sq Ft
12/06/2014 12/06/14 Pending -- -- --
12/04/2014 12/04/14 For Sale $29,900 -- $13 / 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 $3,111 $49,000 $2,400 $46,600
2023 $1,845 $49,000 $2,400 $46,600
2022 $1,871 $49,000 $2,400 $46,600
2021 $1,925 $49,000 $2,400 $46,600
2020 $4,172 $49,000 $2,400 $46,600
2019 $735 $49,000 $2,400 $46,600
2018 $5,468 $49,000 $2,400 $46,600
2017 $4,288 $49,000 $2,400 $46,600
2016 $3,361 $49,000 $2,400 $46,600
2015 -- $49,000 $2,400 $46,600
2014 -- $49,000 $2,400 $46,600
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B465494

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-057-0001-042-000-0000