NOT LISTED FOR SALE

408 N 8th St Olean, NY 14760

Estimated Value: $112,000 - $123,630

4 Beds
2 Baths
1,762 Sq Ft
$68/Sq Ft Est. Value

Sale Details

Date Sold: August 27, 2021

Last sale price $98,900 $56 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $798 / mo

5 Days on Market

Highlights

  • Storage
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of August 2021

This fantastic double (2bed 1 bath/ 2bed 1 bath) has been precisely maintained by its owner. 408 features a dining area off of the kitchen with an updated downstairs bathroom and two good-sized bedrooms upstairs - a stackable washer dryer unit. 408 1/2 features a dining area off of the kitchen with an amazing bathroom upstairs. Larger bedroom and a smaller bedroom that could be multi-use. Bedroom/office - this unit has laundry first floor. All utilities are seperate. The property sits in a very convenient location where there's an option of a walk, bike, or drive. Rental income has the potential to be much higher.

Last Agent to Sell the Property

Amy Henzel

Listing by ERA Team VP Real Estate License #10401317441 Listed on: 05/29/2021

Last Buyer's Agent

Carol Thomas

Listing by Howard Hanna Professionals - Ellicottville License #30TH0755390

Howard Hanna Professionals - Ellicottville

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,613

Year Built

  • Built in 1892

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 50x128

Home Design

  • Duplex
  • Block Foundation
  • Aluminum Siding
  • Steel Siding
  • Stucco

Interior Spaces

  • 1,762 Sq Ft Home
  • 2-Story Property
  • Storage
  • Washer Hookup
  • Partial Basement

Flooring

  • Carpet
  • Tile

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Schools

  • Olean Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 20
  • Assessor Parcel Number 041200-094-056-0005-020-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,613

Year Built

Built in 1892

Lot Details

6,400 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Other, See Remarks
  • Year Built: 1892
  • ResoLaundryFeatures: Washer Hookup
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street, Main Thoroughfare
  • Directions: From Wayne Street turn on North 8th.
  • Architectural Style: Duplex
  • Flooring: Carpet, Tile, Varies
  • Interior Features: Storage
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Partial
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1469
  • Waterfront: No
  • Construction Type: Aluminum Siding, Steel Siding, Stucco
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Gravel, Two or More Spaces

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean
  • Middle Or Junior School: Olean Middle

Lot Info

  • Parcel Number: 041200-094-056-0005-020-000-0000
  • Lot Dimensions: 50X128
  • Lot Size Sq Ft: 6400.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

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

Tax Info

  • Tax Annual Amount: 2613.0
  • Tax Lot: 20

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2021
Closed on
Aug 27, 2021
Sold by
Bought by
Seller's Agent
Amy Henzel
ERA Team VP Real Estate
Buyer's Agent
Carol Thomas
Howard Hanna Professionals - Ellicottville
List Price
$98,900
Sold Price
$98,900
Current Estimated Value
$119,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,758
Avg. Annual Appreciation
4.08%
Original Mortgage
$79,100
Outstanding Balance
$71,027
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$48,631

Purchase Details

Closed on
Dec 19, 2008
Sold by
Bought by

Purchase Details

Closed on
May 14, 2004
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$99,000 None Available
$10,500 Gregory E Shemeld
$43,000 Daniel R. Palumbo
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $79,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $98,900 0.0% $56 / Sq Ft
06/03/2021 06/03/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $98,900 -- $56 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,957 $51,000 $4,200 $46,800
2024 $3,225 $51,000 $4,200 $46,800
2023 $1,920 $51,000 $4,200 $46,800
2022 $1,833 $48,000 $4,200 $43,800
2021 $1,886 $48,000 $4,200 $43,800
2020 $4,100 $48,000 $4,200 $43,800
2019 $1,254 $48,000 $4,200 $43,800
2018 $4,006 $48,000 $4,200 $43,800
2017 $1,946 $48,000 $4,200 $43,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: B1340183

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-056-0005-020-000-0000

Your Personal Tour Guide

Ask me questions while you tour the home.