NOT LISTED FOR SALE

435 Madison Ave Olean, NY 14760

Estimated Value: $520,000 - $565,473

3 Beds
3 Baths
4,999 Sq Ft
$109/Sq Ft Est. Value

Last Sold May 07, 2021

Last sale price $650,000 $130 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $3,397/month

151 Days on Market

Highlights

  • On Golf Course
  • Indoor Spa
  • 0.67 Acre Lot
  • Heated Driveway
  • Built-In Refrigerator
  • Deck

About This Home

As of May 2021

Proudly presenting the Magnano Estate | Spectacular | Extraordinary | Exquisite | Prestigious | ALL apply to this ONE OF A KIND Pristine Contemporary home  overlooking the quaint City of Olean | Perched on the 15th Green of the Bartlett Country Club offering breathtaking views of the Southern Tier | A true Sanctuary with Unparalleled Craftsmanship in every Room | Incredible Grand Mahogany Staircase with Brass Railings | Custom Marble wall double sided fireplace is featured in the Master Bedroom and on the opposite side in the 2nd Floor Living Room is Granite | Luxurious Flooring throughout with Radiant in floor Heat | Master Suite w/Custom His & Her Closets, Spa like Bathroom and never ending views | In Home Elevator | Stamped Concrete Driveway featuring Radiant Heat | Full House Permanent Generator | Spacious Heated Garage and FANTASTIC Lower Level for storage and recreational space | Extraordinary location with a short drive to Holiday Valley, Seneca Allegany Resort & Casino, Cuba Lake and St. Bonaventure University

Last Agent to Sell the Property

Danielle Gruttadaurio

Listing by NextHome Endeavor License #40GR1160369 Listed on: 10/01/2020

NextHome Endeavor

Last Buyer's Agent

Danielle Gruttadaurio

Listing by NextHome Endeavor License #40GR1160369 Listed on: 10/01/2020

NextHome Endeavor

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,176

Year Built

  • Built in 1993

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 195 x 150
  • On Golf Course
  • Rectangular Lot
  • Wooded Lot

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Membrane Roofing
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 4,999 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Skylights
  • Gas Fireplace
  • Two Story Entrance Foyer
  • Family Room
  • Combination Kitchen and Living
  • Formal Dining Room
  • Home Office
  • Indoor Spa
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Built-In Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 5 Car Attached Garage
  • Running Water Available in Garage
  • Heated Garage
  • Garage Door Opener
  • Heated Driveway

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Porch

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Radiant Heating System
  • Programmable Thermostat
  • 220 Volts in Garage
  • Whole House Permanent Generator
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 041200-094-042-0001-015-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,176

Year Built

Built in 1993

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 482955
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 195
  • Lot Dimension Front: 150
  • Lot Information: On Golf Course, Secondary Road, Slope View, Wooded Lot
  • Lot Number: 15
  • Lot Shape: Rectangular
  • Nearest Cross Street: Main Street
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 967982.13
  • Ratio Close Price By Sq Ft: 130.03
  • Ratio List Price By Acres: 1377513.03
  • Ratio List Price By Sq Ft: 185.04
  • Regional Board Code: Rochester
  • Roof Description: Flat, Rubber Membrane
  • School Tax: 11181
  • Styles of Residence: Contemporary
  • Sub Board Code: Rochester
  • Type of Sale: Estate
  • Year Built Description: Existing
  • Lot Sq Ft: 29250
  • Age of Building: 29
  • Garage Amenities: Electrical Service, Heated, Shop Space, Water
  • Year Built: 1993
  • Above Grade Finished Sq Ft: 3990
  • Directions To Property: FROM North Union St @ Main St: Main St NORTH to Madison Ave, 435 is at the top of hill.
  • Sq Ft Total Pub: 4999
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1993

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Central Vacuum System, Circuit Breakers - Some, Copper Plumbing - Some, Hot Tub, Security System - Owned, Skylight, Two Story Foyer
  • Additional Rooms: Den/Study, Family Room, Foyer/Entry Hall, Laundry-2nd Floor, Living Room, Master Bedroom Bath, Office, Porch - Open
  • Basement Description: Finished, Full
  • Floor Description: Marble-Some, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Gas, Dishwasher, Disposal, Double Oven, Dryer, Refrigerator-Built In, Trash Compactor, Washer
  • Kitchen Dining Description: Eat-In, Formal Dining Room, Granite Counter, Island, Kitchen/Family Room Combo, Pantry
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 2
  • Number of Rooms: 9
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Total Sq Ft: 4999

Exterior Features

  • Construction: Stucco
  • Additional Exterior Features: Balcony, Cable TV Available, Deck, Garage Door Opener, High Speed Internet, Patio
  • Number of Acres: 0.6715

Garage/Parking

  • Driveway Description: Concrete - Stamped, Double Wide, Heated Driveway, Parking Area, Turnaround
  • Garage Description: Attached
  • Number of Garage Spaces: 5.0000

Utilities

  • Emergency Backup Systems: Generator - Permanent
  • Heating Fuel Description: Gas
  • Hvac Type: AC-Central, Forced Air, Programmable Thermostat, Radiant
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-042-0001-015-000-0000

Tax Info

  • Total Taxes: 22176

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Apr 28, 2021
Sold by
Magnano Patricia A Est
Bought by
M M Properties Olean Llc
Seller's Agent
Danielle Gruttadaurio
NextHome Endeavor
Buyer's Agent
Danielle Gruttadaurio
NextHome Endeavor
List Price
$925,000
Sold Price
$650,000
Premium/Discount to List
-$275,000
-29.73%
Current Estimated Value
$544,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$105,509
Avg. Annual Appreciation
-3.75%
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
M M Properties Olean Llc $695,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold $650,000 -29.7% $130 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
10/01/2020 10/01/20 For Sale $925,000 -- $185 / Sq Ft
Source: Upstate New York Real Estate Information Services (UNYREIS)

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 $26,872 $425,000 $32,800 $392,200
2023 $16,000 $425,000 $32,800 $392,200
2022 $16,231 $425,000 $32,800 $392,200
2021 $16,701 $425,000 $32,800 $392,200
2020 $16,751 $425,000 $32,800 $392,200
2019 $5,432 $425,000 $32,800 $392,200
2018 $21,922 $425,000 $32,800 $392,200
2017 $17,155 $425,000 $32,800 $392,200
2016 $16,969 $425,000 $32,800 $392,200
2015 -- $425,000 $32,800 $392,200
2014 -- $425,000 $32,800 $392,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upstate New York Real Estate Information Services (UNYREIS)

MLS Number: R1298329

Upstate New York Real Estate Information Services (UNYREIS)

APN: 041200-094-042-0001-015-000-0000