NOT LISTED FOR SALE

429 N 7th St Olean, NY 14760

Estimated Value: $93,954

5 Beds
2 Baths
2,065 Sq Ft
$45/Sq Ft Est. Value

Sale Details

Date Sold: October 30, 2017

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

Est. 132% increase in value since last sale

Current estimated payment $637 / mo

15 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • Carpet

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 Agent to Sell the Property

Kelly Patrone

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

Howard Hanna Professionals - Olean

Last Buyer's Agent

Kelly Patrone

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

Howard Hanna Professionals - Olean

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 50x128

Home Design

  • Duplex
  • Block Foundation
  • Wood Siding

Interior Spaces

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

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

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 8
  • Assessor Parcel Number 041200-094-056-0005-008-000-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,766

Year Built

Built in 1890

Lot Details

6,400 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1890
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: Wayne St th 7th
  • Architectural Style: Duplex
  • Flooring: Carpet, Laminate, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1469
  • Waterfront: No
  • Construction Type: Wood Siding
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Two or More Spaces

Utilities

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

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-056-0005-008-000-0000
  • 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: 1766.0
  • Tax Lot: 8

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
Current Estimated Value
$93,954

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
$69,543
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$24,411

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 - Olean
Buyer's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
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
10.36%

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
Source: Public Records
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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 List to Sale Price per Sq Ft
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

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 $1,623 $42,300 $4,200 $38,100
2024 $2,675 $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

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