NOT LISTED FOR SALE

433 2nd Ave Olean, NY 14760

Estimated Value: $82,281 - $118,000

4 Beds
2 Baths
2,184 Sq Ft
$46/Sq Ft Est. Value

Last Sold December 11, 2018

Last sale price $50,000 $23 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $683/month

218 Days on Market

About This Home

As of December 2018

Nice 2 unit house with 2 bedrooms in each apartment. Upstairs rents for 500 and is a long term tenant. Lower apartment recently remodeled and is renting for 550.00. Off street parking. Good money maker for the price.

Last Agent to Sell the Property

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925 Listed on: 01/23/2018

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,480

Year Built

  • Built in 1895

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 130 x 50

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,184 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Partial Basement

Schools

  • East View Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

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

Listing and Financial Details

  • Rent includes lawn maintenance, no utilities
  • Tax Lot 59
  • Assessor Parcel Number 041200-094-050-0002-059-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,480

Year Built

Built in 1895

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 48000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Number: 59
  • Nearest Cross Street: center St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 335120.64
  • Ratio Close Price By Sq Ft: 22.89
  • Ratio List Price By Acres: 367962.47
  • Ratio List Price By Sq Ft: 25.14
  • Regional Board Code: Buffalo
  • Rent Includes: Lawn Maintenance, No Utilities
  • School Tax: 1183
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6500
  • Age of Building: 128
  • Year Built: 1895
  • Directions To Property: Front St to Second Avenue. House is in 1st block on left
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1895

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Partial
  • Floor Description: Laminate-Some
  • Kitchen Appliances Included: Oven/Range Gas-Some, Refrigerator
  • Total Sq Ft: 2184

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1492

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
  • Elementary School: East View Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-050-0002-059-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2480

MLS Schools

  • Elementary School Name: East View Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2018
Closed on
Dec 11, 2018
Sold by
Higley Fred S
Bought by
Whitaker Jeffrey T
Seller's Agent
Joseph Chamberlain
No Office Affiliation
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$54,900
Sold Price
$50,000
Premium/Discount to List
-$4,900
-8.93%
Current Estimated Value
$100,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,820
Avg. Annual Appreciation
9.71%
Original Mortgage
$40,000
Outstanding Balance
$35,634
Interest Rate
4.88%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$58,166

Purchase Details

Listed on
Jan 23, 2018
Closed on
Dec 10, 2018
Sold by
Higley Fred S
Bought by
Whitaker Jeffrey T
Seller's Agent
Joseph Chamberlain
No Office Affiliation
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$54,900
Sold Price
$50,000
Premium/Discount to List
-$4,900
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$35,634
Interest Rate
4.88%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$58,166

Purchase Details

Listed on
Jan 23, 2018
Closed on
Nov 15, 2018
Sold by
Highley Fred S and Highley Laurel
Bought by
Whitaker Jeffrey T
Seller's Agent
Joseph Chamberlain
No Office Affiliation
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$54,900
Sold Price
$50,000
Premium/Discount to List
-$4,900
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$35,634
Interest Rate
4.88%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$58,166
Source: Public Records

Range of Values:

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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
Whitaker Jeffrey T $50,000 None Available
Whitaker Jeffrey T $50,000 None Available
Whitaker Jeffrey T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitaker Jeffrey T $40,000
Closed Whitaker Jeffrey T $40,000
Closed Whitaker Jeffrey T $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2018 12/11/18 Sold $50,000 -8.9% $23 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $54,900 -- $25 / 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 $1,812 $48,000 $5,100 $42,900
2023 $1,807 $48,000 $5,100 $42,900
2022 $1,833 $48,000 $5,100 $42,900
2021 $1,886 $48,000 $5,100 $42,900
2020 $1,899 $48,000 $5,100 $42,900
2019 $720 $48,000 $5,100 $42,900
2018 $3,527 $48,000 $5,100 $42,900
2017 $1,946 $48,000 $5,100 $42,900
2016 $1,924 $48,000 $5,100 $42,900
2015 -- $48,000 $5,100 $42,900
2014 -- $48,000 $5,100 $42,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joseph Chamberlain

    No Office Affiliation

    Section Image
  • Karen Callahan

    Buyer's Agent in 2018

    Karen Callahan

    RE/MAX

    (716) 244-7878

    85 in this area

    107 Total Sales

    Karen Callahan
    Section Image
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Map

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

MLS Number: B1095564

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-050-0002-059-000-0000

New York Cattaraugus County Olean 14760

433 2nd Ave, Olean, NY

This home is located at 433 2nd Ave, Olean, NY 14760 since 23 January 2018 and is currently estimated at $100,820, approximately $46 per square foot. This property was built in 1895. 433 2nd Ave is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and New Life Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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