NOT LISTED FOR SALE

427 N 1st St Olean, NY 14760

Estimated Value: $12,995 - $257,000

6 Beds
2 Baths
2,141 Sq Ft
$49/Sq Ft Est. Value

Last Sold August 10, 2017

Last sale price $4,350 $2 Per Sq Ft

Est. 2,291% increase in value since last sale

Current estimated payment $640/month

313 Days on Market

About This Home

As of August 2017

This home is located at 427 N 1st St, Olean, NY 14760 since 16 August 2016 and is currently estimated at $103,999, approximately $48 per square foot. This property was built in 1928. 427 N 1st St 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

Regis Handley

Listing by Howard Hanna Professionals License #10301215129 Listed on: 08/16/2016

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 100 x 40

Interior Spaces

  • 2,141 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Scuttle Attic Hole

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • No Garage
  • Dirt Driveway

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 041200-094-057-0006-012-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Age: 88
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 34000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 100
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • L P Per Acre: 165555.5600
  • List Price per Sq Ft: 6.9593
  • Nearest Cross Street: Wayne St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 48333.33
  • Ratio Close Price By Sq Ft: 2.03
  • Ratio List Price By Acres: 55555.56
  • Ratio List Price By Sq Ft: 2.34
  • Regional Board Code: Rochester
  • Regional Board Number: 6375
  • School Tax: 871
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 14900.00
  • Year Built Description: Existing
  • Age of Building: 94
  • Year Built: 1928
  • Directions To Property: West on Wayne St, take a right onto first, house is on the right.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1928

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Partial
  • Floor Description: Laminate-Some, Wall To Wall Carpet-Some
  • Number of Rooms: 12
  • Total Sq Ft: 2141

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.0900

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 2
  • Parking Driveway: Dirt

Utilities

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

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-057-0006-012-000-0000

Rental Info

  • Certificate of Occupancy: Negotiable

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1824

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2023
Sold by
Piece Reiss Llc
Bought by
Byler John and Byler Katie
Total Days on Market
313
Current Estimated Value
$103,999

Purchase Details

Closed on
Feb 10, 2023
Sold by
Reiss Scott A
Bought by
Pierce Reiss Llc

Purchase Details

Listed on
Aug 16, 2016
Closed on
Aug 1, 2017
Sold by
Estate Of Margaret H Yorke
Bought by
Reiss Scott A
Seller's Agent
Regis Handley
Howard Hanna Professionals
Buyer's Agent
Non MLS
Non MLS
List Price
$7,500
Sold Price
$4,350
Premium/Discount to List
-$3,150
-42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.38%

Purchase Details

Closed on
Apr 23, 2003
Sold by
Yorke Mary
Bought by
Yorke Margaret

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 Buyer Sale Price Title Company
Byler John $12,000 None Available
Pierce Reiss Llc -- None Available
Reiss Scott A -- Brian C. Palumbo
Yorke Margaret -- John Hart
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2017 08/10/17 Sold $4,350 -13.0% $2 / Sq Ft
06/25/2017 06/25/17 Pending -- -- --
06/08/2017 06/08/17 Price Changed $5,000 -33.3% $2 / Sq Ft
02/21/2017 02/21/17 For Sale $7,500 +72.4% $4 / Sq Ft
02/16/2017 02/16/17 Off Market $4,350 -- --
11/01/2016 11/01/16 Price Changed $7,500 -49.7% $4 / Sq Ft
08/16/2016 08/16/16 For Sale $14,900 -- $7 / 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 $762 $12,000 $3,300 $8,700
2023 $452 $12,000 $3,300 $8,700
2022 $458 $12,000 $3,300 $8,700
2021 $472 $12,000 $3,300 $8,700
2020 $1,491 $12,000 $3,300 $8,700
2019 $300 $20,000 $3,300 $16,700
2018 $2,479 $20,000 $3,300 $16,700
2017 $3,325 $34,000 $3,300 $30,700
2016 $2,985 $34,000 $3,300 $30,700
2015 -- $34,000 $3,300 $30,700
2014 -- $34,000 $3,300 $30,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: B506994

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-057-0006-012-000-0000