NOT LISTED FOR SALE

408 E State St Olean, NY 14760

Estimated Value: $81,000 - $162,000

5 Beds
2 Baths
2,194 Sq Ft
$56/Sq Ft Est. Value

Sale Details

Date Sold: July 28, 2017

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

Est. 1,959% increase in value since last sale

Current estimated payment $911 / mo

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 40x75

Home Design

  • Duplex
  • Frame Construction

Interior Spaces

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

Community Details

  • 2 Units
  • 1 Separate Gas Meter

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Other, See Remarks
  • Year Built: 1900
  • Lot Features: Other, See Remarks
  • Co List Office Mls Id: KYSE
  • Co List Office Phone: 585-437-2591
  • Directions: East State St
  • Architectural Style: Duplex
  • Flooring: Other, See Remarks
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: RealEstateOwned

Interior Features

  • Appliances: See Remarks
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.0689
  • Waterfront Features: Other, See Remarks
  • Waterfront: No
  • Construction Type: Frame

Garage/Parking

  • Parking Features: Other, See Remarks

Utilities

  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-065-0006-004-000-0000
  • Lot Dimensions: 40X75
  • Lot Size Sq Ft: 3000.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 2874.0

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
$123,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,547
Avg. Annual Appreciation
41.24%

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
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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 List to Sale Price per Sq Ft
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

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
2025 $3,029 $53,000 $2,800 $50,200
2024 $3,351 $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

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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

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