NOT LISTED FOR SALE

431 Prospect Ave Olean, NY 14760

Estimated Value: $120,000 - $191,000

3 Beds
1.5 Baths
1,440 Sq Ft
$100/Sq Ft Est. Value

Last Sold June 23, 2022

Last sale price $125,000 $87 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $896/month

1 Day on Market

Highlights

  • Corner Lot
  • Formal Dining Room
  • 1 Car Detached Garage
  • Quartz Countertops
  • Fenced Yard
  • Porch

About This Home

As of June 2022

Beautifully updated 3 bedroom, 1.5 bath located on a corner Lot. Tasteful new kitchen and 1/2 bath on the first floor, all new flooring, new boiler/hot water system, plumbing (including sewer pipe), tub and shower, electrical, and many more updates. Roof was new in 2017 along with all the appliances. Take a look today, this house won't last long.

Last Agent to Sell the Property

Michelle Fitzpatrick-Baer

Listing by Howard Hanna Professionals - Olean License #40FI1153618 Listed on: 04/01/2022

Howard Hanna Professionals - Olean

Last Buyer's Agent

Heather Chase

Listing by ERA Team VP Real Estate License #10401326246

ERA Team VP Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,775

Year Built

  • Built in 1915

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 150 x 50
  • Fenced Yard
  • Corner Lot
  • Rectangular Lot

Home Design

  • Block Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,440 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Drapes & Rods
  • Living Room
  • Formal Dining Room
  • Pull Down Stairs to Attic

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 041200-094-050-0003-031-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,775

Year Built

Built in 1915

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 69000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 150
  • Lot Dimension Front: 50
  • Lot Information: Corner Lot, Neighborhood Street
  • Lot Number: 31
  • Lot Shape: Rectangular
  • Nearest Cross Street: FIFTH AVENUE
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 725900.12
  • Ratio Close Price By Sq Ft: 86.81
  • Ratio List Price By Acres: 708478.51
  • Ratio List Price By Sq Ft: 84.72
  • Regional Board Code: Rochester
  • Roof Description: Shingles
  • School Tax: 1831
  • Styles of Residence: 2 Story
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7500
  • Age of Building: 108
  • Year Built: 1915
  • Above Grade Finished Sq Ft: 1440
  • Directions To Property: Front Street to Prospect Avenue, house on the left on the Corner of Fifth Avenue and Prospect Avenue
  • Sq Ft Total Pub: 1440
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1915

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Drapes - Some, Pex Plumbing- Some, Sump Pump
  • Additional Rooms: Foyer/Entry Hall, Laundry-Basement, Living Room, Porch - Open
  • Attic Description: Pull Down Stairs
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Microwave, Oven/Range Gas, Refrigerator
  • Kitchen Dining Description: Formal Dining Room, Quartz Counter
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 3
  • Total Sq Ft: 1440

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Fully Fenced Yard, Garage Door Opener, High Speed Internet
  • Number of Acres: 0.1722

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Hot Water
  • Sewer Description: Sewer Available
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-050-0003-031-000-0000

Tax Info

  • Total Taxes: 3775

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Jun 23, 2022
Sold by
Bostjanicic Bradley T
Bought by
Buchanan Jeffrey R
Seller's Agent
Michelle Fitzpatrick-Baer
Howard Hanna Professionals - Olean
Buyer's Agent
Heather Chase
ERA Team VP Real Estate
List Price
$122,000
Sold Price
$125,000
Premium/Discount to List
$3,000
2.46%
Current Estimated Value
$143,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,403
Avg. Annual Appreciation
3.99%
Original Mortgage
$100,000
Outstanding Balance
$94,481
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$48,922

Purchase Details

Listed on
Mar 8, 2018
Closed on
Apr 30, 2018
Sold by
Fowler Greg
Bought by
Bostjancic Bradley T
Seller's Agent
Maureen Batesky
No Office Affiliation
Buyer's Agent
Maureen Batesky
No Office Affiliation
List Price
$89,900
Sold Price
$89,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%

Purchase Details

Listed on
Mar 8, 2018
Closed on
Apr 27, 2018
Sold by
Fowler Greg
Bought by
Bostjancic Bradley T
Seller's Agent
Maureen Batesky
No Office Affiliation
Buyer's Agent
Maureen Batesky
No Office Affiliation
List Price
$89,900
Sold Price
$89,900

Purchase Details

Listed on
Mar 8, 2018
Closed on
Apr 25, 2018
Sold by
Fowler Greg
Bought by
Bostjancic Bradley T
Seller's Agent
Maureen Batesky
No Office Affiliation
Buyer's Agent
Maureen Batesky
No Office Affiliation
List Price
$89,900
Sold Price
$89,900

Purchase Details

Listed on
Mar 16, 2016
Closed on
Jun 3, 2016
Sold by
Liguori Alice
Bought by
Fowler Greg
Seller's Agent
Maureen Batesky
No Office Affiliation
Buyer's Agent
Arthur Mang
No Office Affiliation
List Price
$64,500
Sold Price
$59,000
Premium/Discount to List
-$5,500
-8.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.96%
Original Mortgage
$57,931
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 29, 1998
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Buchanan Jeffrey R $125,000 None Available
Bostjancic Bradley T $89,900 None Available
Bostjancic Bradley T $89,900 None Available
Bostjancic Bradley T -- --
Fowler Greg $59,000 Bronwyn Enders
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buchanan Jeffrey R $100,000
Previous Owner Fowler Greg $57,931
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2022 06/23/22 Sold $125,000 +2.5% $87 / Sq Ft
04/02/2022 04/02/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $122,000 +35.7% $85 / Sq Ft
04/27/2018 04/27/18 Sold $89,900 0.0% $62 / Sq Ft View Prior Sale
03/13/2018 03/13/18 Pending -- -- --
03/08/2018 03/08/18 For Sale $89,900 +52.4% $62 / Sq Ft
06/06/2016 06/06/16 Sold $59,000 -8.5% $41 / Sq Ft View Prior Sale
03/18/2016 03/18/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $64,500 -- $45 / 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 $4,363 $69,000 $13,800 $55,200
2023 $2,598 $69,000 $13,800 $55,200
2022 $2,635 $69,000 $13,800 $55,200
2021 $2,711 $69,000 $13,800 $55,200
2020 $2,730 $69,000 $13,800 $55,200
2019 $1,036 $69,000 $13,800 $55,200
2018 $3,722 $69,000 $13,800 $55,200
2017 $2,797 $69,000 $13,800 $55,200
2016 $1,282 $69,000 $13,800 $55,200
2015 -- $69,000 $13,800 $55,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michelle Fitzpatrick-Baer

    Howard Hanna

    (716) 378-4271

    14 in this area

    22 Total Sales

    Michelle Fitzpatrick-Baer
    Section Image
  • Heather Chase

    Buyer's Agent in 2022

    Heather Chase

    ERA Team VP Real Estate

    (724) 553-6051

    5 in this area

    96 Total Sales

    Heather Chase
    Section Image

  • M

    Seller's Agent in 2018

    Maureen Batesky

    No Office Affiliation

  • A

    Buyer's Agent in 2016

    Arthur Mang

    No Office Affiliation

See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1396875

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-050-0003-031-000-0000

New York Cattaraugus County Olean 14760

431 Prospect Ave, Olean, NY

Not Listed for Sale

Detached

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