NOT LISTED FOR SALE

427 3rd Ave Olean, NY 14760

Estimated Value: $63,632 - $104,000

4 Beds
2 Baths
1,848 Sq Ft
$45/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $58,000 $31 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $594/month

4 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Heating System Uses Gas

About This Home

As of August 2021

This home is located at 427 3rd Ave, Olean, NY 14760 since 23 April 2021 and is currently estimated at $83,408, approximately $45 per square foot. This property was built in 1895. 427 3rd Ave 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

John Dwaileebe

Listing by Howard Hanna Professionals License #40DW0994003 Listed on: 04/23/2021

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,784

Year Built

  • Built in 1895

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 130 x 50

Home Design

  • Frame Construction

Interior Spaces

  • 1,848 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Utilities

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

Listing and Financial Details

  • Rent includes water
  • Tax Lot 43
  • Assessor Parcel Number 041200-094-050-0002-043-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,784

Year Built

Built in 1895

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 25000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Number: 43
  • Nearest Cross Street: Front Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 388739.95
  • Ratio Close Price By Sq Ft: 31.39
  • Ratio List Price By Acres: 401474.53
  • Ratio List Price By Sq Ft: 32.41
  • Regional Board Code: Rochester
  • Rent Includes: Water
  • School Tax: 661
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6500
  • Age of Building: 127
  • Year Built: 1895
  • Above Grade Finished Sq Ft: 1848
  • Directions To Property: Go down Front Street turn onto Third Avenue house is on the left.
  • Sq Ft Total Pub: 1848
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1895

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1848

Exterior Features

  • Construction: Frame
  • Number of Acres: 0.1492

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-050-0002-043-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1784

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
Jun 29, 2021
Sold by
Hennard Todd L
Bought by
Li Dongyin
Seller's Agent
John Dwaileebe
Howard Hanna Professionals
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$59,900
Sold Price
$58,000
Premium/Discount to List
-$1,900
-3.17%
Total Days on Market
4
Current Estimated Value
$83,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,408
Avg. Annual Appreciation
7.19%
Original Mortgage
$46,400
Outstanding Balance
$44,416
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$31,040

Purchase Details

Closed on
May 21, 1997
Sold by
Difazio Steven
Bought by
Hennard Todd

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
Li Dongyin $58,000 None Available
Hennard Todd $30,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Dongyin $46,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold $58,000 -3.2% $31 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $59,900 -- $32 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $1,587 $25,000 $5,100 $19,900
2023 $941 $25,000 $5,100 $19,900
2022 $955 $25,000 $5,100 $19,900
2021 $982 $25,000 $5,100 $19,900
2020 $1,411 $25,000 $5,100 $19,900
2019 $375 $25,000 $5,100 $19,900
2018 $2,471 $25,000 $5,100 $19,900
2017 $2,140 $25,000 $5,100 $19,900
2016 $2,536 $25,000 $5,100 $19,900
2015 -- $25,000 $5,100 $19,900
2014 -- $25,000 $5,100 $19,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1331762

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-050-0002-043-000-0000