$59,000
SOLD JUN 6, 2016

431 Prospect Ave Olean, NY 14760

3 Beds
1 Bath
1,440 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$41 Per Sq Ft

9% Below List Price

2 Days on Market

Highlights

  • Traditional Architecture
  • Formal Dining Room
  • Porch
  • Wood Flooring
  • 1 Car Detached Garage
  • Eat-In Kitchen

About This Home

As of June 2022

This well maintained 3 bedroom, 1 bath home has so much to offer: Great open floor plan with open staircase, lovely perennial flower beds, nice open front porch, and convenient location within walking distance to many amenities.

Last Agent to Sell the Property

Maureen Batesky

Listing by No Office Affiliation License #40BA0927896 Listed on: 03/16/2016

Last Buyer's Agent

Arthur Mang

Listing by No Office Affiliation License #40MA0904167

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1915

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 150 x 50

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,440 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Formal Dining Room
  • Pull Down Stairs to Attic
  • Eat-In Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

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

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Stone Driveway

Outdoor Features

  • Porch

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

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

Home Details

Home Type

Single Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Age: 101
  • 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: Neighborhood Street
  • L P Per Acre: 379411.7600
  • List Price per Sq Ft: 44.7916
  • Nearest Cross Street: Front
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 347058.82
  • Ratio Close Price By Sq Ft: 40.97
  • Ratio List Price By Acres: 379411.76
  • Ratio List Price By Sq Ft: 44.79
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1768
  • Sale Price List Price: 0.9147
  • S P Per Acre: 347058.8200
  • S P Per Sq Ft: 40.9700
  • Styles of Residence: Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 64500.00
  • Year Built Description: Existing
  • Age of Building: 107
  • Year Built: 1915
  • Directions To Property: Front St to Prospect, house on left, watch for sign
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1915

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan
  • Additional Rooms: Laundry-Basement, Living Room, Porch - Open
  • Attic Description: Pull Down Stairs
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Electric, Refrigerator
  • Kitchen Dining Description: Eat-In, Formal Dining Room, Living/Dining Combo
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1440

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Garage Door Opener
  • Number of Acres: 0.1700

Garage/Parking

  • Driveway Description: Stone/Gravel
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

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

Tax Info

  • Total Taxes: 3670

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
$132,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,320
Avg. Annual Appreciation
1.88%
Original Mortgage
$100,000
Outstanding Balance
$95,383
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$36,937

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $125,000 None Available
Deed $89,900 None Available
Deed $89,900 None Available
Warranty Deed -- --
Deed $59,000 Bronwyn Enders
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $43,100 Second Mortgage Made To Cover Down Payment
Closed $18,200 Second Mortgage Made To Cover Down Payment
Open $100,000 Purchase Money Mortgage
Previous Owner $57,931 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
03/18/2016 03/18/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $64,500 -- $45 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $2,605 $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

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B495073

Western New York Real Estate Information Services (WNYREIS)

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