$79,000
SOLD OCT 21, 2024

419 5th Ave Olean, NY 14760

2 Beds
1 Bath
960 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$82 Per Sq Ft

14% Below List Price

25 Days on Market

Highlights

  • Attic
  • 1 Car Detached Garage
  • Eat-In Kitchen
  • Separate Formal Living Room
  • Enclosed Patio or Porch
  • Laundry Room

About This Home

As of October 2024

Located on a tranquil dead-end street, this charming home, dating back to 1895, exudes historic character and modern convenience. A highlight is its inviting enclosed front porch, perfect for relaxing and enjoying the neighborhood's peaceful ambiance. Inside features an updated kitchen, remodeled bathroom with full laundry hook ups, newer flooring and carpet. The full attic has been thoughtfully converted, offering versatility as an additional bedroom, expansive storage space, or a quiet office retreat.

Last Agent to Sell the Property

Tina Perkins

Listing by RE/MAX On Point Brokerage Phone: 716-373-7325 License #10401371041 Listed on: 07/26/2024

RE/MAX On Point

Last Buyer's Agent

Christine Calbi

Listing by EXP-Premier Listings Team License #10401373976

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,554

Year Built

  • Built in 1895

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x130

Parking

  • 1 Car Detached Garage
  • Dirt Driveway

Home Design

  • Block Foundation
  • Siding

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Separate Formal Living Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen
  • Attic

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Enclosed Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 041200-094-050-0003-054-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,554

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1895
  • Attribution Contact: 716-373-7325
  • ResoLaundryFeatures: Upper Level
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: Front Street to School Street to Fifth Ave
  • Architectural Style: Two Story
  • Flooring: Carpet, Varies, Vinyl
  • Garage Yn: Yes
  • Interior Features: Attic, Eat-in Kitchen, Separate/Formal Living Room
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Appliances Negotiable, Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.09
  • Waterfront: No
  • Construction Type: Composite Siding
  • Exterior Features: Dirt Driveway
  • Foundation Details: Block
  • Patio And Porch Features: Enclosed, Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage

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

Lot Info

  • Parcel Number: 041200-094-050-0003-054-000-0000
  • Lot Dimensions: 50X130
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1554.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Oct 21, 2024
Sold by
Jamcan Investments Inc
Bought by
Anderson Adam
Seller's Agent
Tina Perkins
RE/MAX On Point
Buyer's Agent
Christine Calbi
EXP-Premier Listings Team
List Price
$92,000
Sold Price
$79,000
Premium/Discount to List
-$13,000
-14.13%
Views
16
Current Estimated Value
$81,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,820
Avg. Annual Appreciation
3.72%
Original Mortgage
$76,000
Outstanding Balance
$75,201
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$6,619

Purchase Details

Listed on
Apr 29, 2023
Closed on
Sep 18, 2023
Sold by
Ramadhan Jalala
Bought by
Jamcan Investments Inc
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Tina Perkins
EXP-Premier Listings Team
List Price
$89,000
Sold Price
$75,000
Premium/Discount to List
-$14,000
-15.73%
Views
241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%

Purchase Details

Closed on
Jan 23, 2023
Sold by
Wilson Julian M
Bought by
Ramadhan Jalala

Purchase Details

Closed on
Aug 18, 2020
Sold by
Goldsmith David
Bought by
Rahadhan Jalala

Purchase Details

Closed on
Jun 27, 2006
Sold by
County Of Cattaraugus
Bought by
Goldsmith David

Purchase Details

Closed on
Feb 28, 2006
Sold by
Gilbert Art
Bought by
County Of Cattaraugus

Purchase Details

Closed on
Aug 13, 1999
Sold by
Estate Bentley Mary H
Bought by
Gilbert Art H
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $79,000 None Available
Warranty Deed $71,500 None Available
Warranty Deed $71,500 None Available
Quit Claim Deed $5,000 None Available
Quit Claim Deed $5,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Deed $13,500 --
Deed -- --
Deed $15,000 Daniel R Palumbo
Deed $15,000 Daniel R Palumbo
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $76,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2024 10/21/24 Sold $79,000 -14.1% $82 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $92,000 +22.7% $96 / Sq Ft
09/27/2023 09/27/23 Sold $75,000 -5.1% $78 / Sq Ft View Prior Sale
08/14/2023 08/14/23 Pending -- -- --
07/11/2023 07/11/23 Price Changed $79,000 -11.2% $82 / Sq Ft
06/20/2023 06/20/23 For Sale $89,000 0.0% $93 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
05/23/2023 05/23/23 Price Changed $89,000 -10.1% $93 / Sq Ft
04/29/2023 04/29/23 For Sale $99,000 -- $103 / 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 $1,504 $45,000 $5,100 $39,900
2023 $1,054 $28,000 $5,100 $22,900
2022 $1,069 $28,000 $5,100 $22,900
2021 $1,100 $28,000 $5,100 $22,900
2020 $2,985 $28,000 $5,100 $22,900
2019 $955 $28,000 $5,100 $22,900
2018 $3,845 $28,000 $5,100 $22,900
2017 $2,920 $28,000 $5,100 $22,900
2016 $2,861 $28,000 $5,100 $22,900
2015 -- $28,000 $5,100 $22,900
2014 -- $28,000 $5,100 $22,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1553839

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-050-0003-054-000-0000