NOT LISTED FOR SALE

408 E State St Olean, NY 14760

Estimated Value: $77,000 - $108,000

5 Beds
2 Baths
2,194 Sq Ft
$45/Sq Ft Est. Value

Last Sold July 28, 2017

Last sale price $6,000 $3 Per Sq Ft

Est. 1,529% increase in value since last sale

Current estimated payment $638/month

109 Days on Market

About This Home

As of July 2017

Great income property..or convert back to 1 family home.

Last Agent to Sell the Property

Amanda Kubic

Listing by Kyser Realty Inc. License #10401274339 Listed on: 02/20/2017

Co-Listed By

Tena Smith

Listing by Kyser Realty Inc. License #10311204648

Last Buyer's Agent

Karen Redding

Listing by Real Estate Pros & More License #30RE0680519

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 75 x 40

Home Design

  • Frame Construction

Interior Spaces

  • 2,194 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 041200-094-065-0006-004-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 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: 53000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 75
  • Lot Dimension Front: 40
  • Nearest Cross Street: Fulton St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 87082.73
  • Ratio Close Price By Sq Ft: 2.73
  • Ratio List Price By Acres: 114658.93
  • Ratio List Price By Sq Ft: 3.60
  • Regional Board Code: Buffalo
  • School Tax: 1385
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 3000
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: East State St
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Attic Description: Stair Access
  • Basement Description: Full
  • Total Sq Ft: 2194

Exterior Features

  • Construction: Frame
  • Number of Acres: 0.0689

Garage/Parking

  • Number of Electric Meters: 1

Utilities

  • Number of Gas Meters: 1
  • Sewer Description: Sewer Connected

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-065-0006-004-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2874

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2017
Closed on
Jul 28, 2017
Sold by
Wells Fargo Bank Na and Wells Fargo Bank A
Bought by
Team Painter Llc
Seller's Agent
Amanda Kubic
Kyser Realty Inc.
Buyer's Agent
Karen Redding
Real Estate Pros & More
List Price
$15,500
Sold Price
$6,000
Premium/Discount to List
-$9,500
-61.29%
Current Estimated Value
$97,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,746
Avg. Annual Appreciation
41.99%

Purchase Details

Closed on
Apr 27, 2016
Sold by
Spring David
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 16, 2003
Sold by
Spring David
Bought by
Spring David

Purchase Details

Closed on
Feb 13, 1997
Sold by
Chapman Ronald J
Bought by
Spring David J and Spring Hilari M

Purchase Details

Closed on
Jan 30, 1997
Sold by
Chapman Ronald J
Bought by
Spring David J and Spring Hilari M

Purchase Details

Closed on
Jun 30, 1995
Sold by
Herrman Sherwood R A and Willi K/A
Bought by
Chapman Ronald J and Chapman Abeer M
Source: Public Records

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
Team Painter Llc -- Brian Palumbo
Wells Fargo Bank Na $58,556 Shapiro, Dicaro & Barak
Spring David -- --
Spring David J $52,000 --
Spring David J $52,000 --
Chapman Ronald J $52,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2017 07/28/17 Sold $6,000 -24.1% $3 / Sq Ft
06/09/2017 06/09/17 Pending -- -- --
04/01/2017 04/01/17 Price Changed $7,900 -49.0% $4 / Sq Ft
02/20/2017 02/20/17 For Sale $15,500 -- $7 / 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 $4,475 $53,000 $2,800 $50,200
2023 $1,995 $53,000 $2,800 $50,200
2022 $2,024 $53,000 $2,800 $50,200
2021 $2,083 $53,000 $2,800 $50,200
2020 $2,991 $53,000 $2,800 $50,200
2019 $796 $53,000 $2,800 $50,200
2018 $4,085 $53,000 $2,800 $50,200
2017 $3,670 $53,000 $2,800 $50,200
2016 $1,431 $53,000 $2,800 $50,200
2015 -- $53,000 $2,800 $50,200
2014 -- $53,000 $2,800 $50,200
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Amanda Kubic

    Kyser Realty Inc.

    (716) 244-7329

    24 Total Sales

    Amanda Kubic
    Section Image
  • Tena Smith

    Seller Co-Listing Agent in 2017

    Tena Smith

    Kyser Realty Inc.

    (716) 378-9266

    2 in this area

    29 Total Sales

    Tena Smith
    Section Image
  • Karen Redding

    Buyer's Agent in 2017

    Karen Redding

    Real Estate Pros & More

    (716) 359-6808

    20 in this area

    28 Total Sales

    Karen Redding
    Section Image
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Map

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

MLS Number: B1027480

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-065-0006-004-000-0000

New York Cattaraugus County Olean 14760

408 E State St, Olean, NY

This home is located at 408 E State St, Olean, NY 14760 since 20 February 2017 and is currently estimated at $97,746, approximately $44 per square foot. This property was built in 1900. 408 E State 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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