NOT LISTED FOR SALE

429 N 7th St Olean, NY 14760

Estimated Value: $90,014 - $237,000

5 Beds
2 Baths
2,065 Sq Ft
$66/Sq Ft Est. Value

Last Sold October 30, 2017

Last sale price $40,500 $20 Per Sq Ft

Est. 239% increase in value since last sale

Current estimated payment $989/month

15 Days on Market

About This Home

As of October 2017

Newly remodel upstairs 1 bedroom unit that has nice sized living room, kitchen and laundry room with washer and dryer hook ups. Lower unit has 3 bedrooms with a space for an office, living room, kitchen, laundry room. All separate utilities. Live in one and rent out the other or rent out both for great income.

Last Listed By

Kelly Patrone

Listing by Howard Hanna Professionals License #30PA0967867 Listed on: 08/31/2017

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,766

Year Built

  • Built in 1890

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 128 x 50

Home Design

  • Block Foundation

Interior Spaces

  • 2,065 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 8
  • Assessor Parcel Number 041200-094-056-0005-008-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,766

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 32300
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 128
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Number: 8
  • Nearest Cross Street: Wayne
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 275697.75
  • Ratio Close Price By Sq Ft: 19.61
  • Ratio List Price By Acres: 323349.22
  • Ratio List Price By Sq Ft: 23.00
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • School Tax: 844
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6400
  • Age of Building: 132
  • Year Built: 1890
  • Directions To Property: Wayne St th 7th
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Basement Description: Full
  • Floor Description: Laminate-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Gas-Some, Refrigerator
  • Total Sq Ft: 2065

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1469

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: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-056-0005-008-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1766

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2022
Sold by
Young Jeffrey R and Young Deborah S
Bought by
Parks Justin M
Total Days on Market
15
Current Estimated Value
$137,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,600
Outstanding Balance
$71,369
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$18,486

Purchase Details

Listed on
Aug 31, 2017
Closed on
Oct 27, 2017
Sold by
Top Ten Holdings Llc
Bought by
Young Jeffrey R
Seller's Agent
Kelly Patrone
Howard Hanna Professionals
Buyer's Agent
Kelly Patrone
Howard Hanna Professionals
List Price
$47,500
Sold Price
$40,500
Premium/Discount to List
-$7,000
-14.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.13%

Purchase Details

Closed on
Nov 14, 2011
Sold by
Edwards Tonya
Bought by
Top Ten Holding Llc

Purchase Details

Closed on
May 28, 2011
Sold by
Humphrey Terry
Bought by
Humphrey

Purchase Details

Closed on
Aug 3, 2009
Sold by
Humphrey Estate Lynne
Bought by
Humphrey Terry

Purchase Details

Closed on
Sep 26, 1996

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
Parks Justin M $92,000 None Available
Young Jeffrey R $40,500 Eric Firkel
Top Ten Holding Llc -- --
Humphrey -- Michael Morgan
Humphrey Terry -- J. Michael Shane
-- $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parks Justin M $73,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2017 10/30/17 Sold $40,500 -14.7% $20 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $47,500 -- $23 / 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 $2,686 $42,300 $4,200 $38,100
2023 $1,593 $42,300 $4,200 $38,100
2022 $1,234 $32,300 $4,200 $28,100
2021 $1,269 $32,300 $4,200 $28,100
2020 $2,750 $32,300 $4,200 $28,100
2019 $485 $32,300 $4,200 $28,100
2018 $3,192 $32,300 $4,200 $28,100
2017 $1,309 $32,300 $4,200 $28,100
2016 $1,295 $32,300 $4,200 $28,100
2015 -- $32,300 $4,200 $28,100
2014 -- $32,300 $4,200 $28,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1072991

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-056-0005-008-000-0000