NOT LISTED FOR SALE

450 3rd Ave Olean, NY 14760

Estimated Value: $85,000 - $109,000

4 Beds
2 Baths
2,135 Sq Ft
$45/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $56,000 $26 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $604/month

156 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • Wall to Wall Carpet
  • Forced Air Cooling System

About This Home

As of December 2021

Solid two-unit side-by-side duplex in the Boardmanville Area. Currently, one side is rented to a longer-term tenant (4+ years) The right side has been maintained over the years and is currently vacant. There is a large backyard and access to the backyard goes through a shared laundry room. The currently occupied unit is getting $700. The vacant unit is projected to get $650. Only second showings will be available to view the occupied apartment with at least 24 hour notice.

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 05/03/2021

Howard Hanna Professionals - Olean

Last Buyer's Agent

Ken Bailey

Listing by Real Estate Pros & More License #10371200907

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,731

Year Built

  • Built in 1880

Lot Details

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

Parking

  • On-Street Parking

Home Design

  • Asphalt Roof
  • Partial Copper Plumbing

Interior Spaces

  • 2,135 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Scuttle Attic Hole

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

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

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Gravity Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 13
  • Assessor Parcel Number 041200-094-050-0002-013-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,731

Year Built

Built in 1880

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 50000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 50
  • Lot Information: Corner Lot, Neighborhood Street
  • Lot Number: 13
  • Nearest Cross Street: Center St
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 375335.12
  • Ratio Close Price By Sq Ft: 26.23
  • Ratio List Price By Acres: 401474.53
  • Ratio List Price By Sq Ft: 28.06
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • Roof Description: Asphalt
  • School Tax: 1322
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6500
  • Age of Building: 142
  • Year Built: 1880
  • Above Grade Finished Sq Ft: 2135
  • Directions To Property: From Main Street turn onto Center, the property is on the corner of Center and Third
  • Sq Ft Total Pub: 2135
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1880

Interior Features

  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Attic Description: Scuttle Access
  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2135

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1492

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Street

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Gravity
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric

Lot Info

  • Parcel Number: 041200-094-050-0002-013-000-0000

Rental Info

  • Certificate of Occupancy: Negotiable

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2731

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

Closed on
Aug 24, 2021
Sold by
Glenn Pauline R and Glenn-Catalano Claudia R
Bought by
Hulbert Scott J and Hulbert Amanda L
Current Estimated Value
$96,653

Purchase Details

Closed on
Aug 18, 2004
Sold by
Hendy Naomi
Bought by
Glenn

Purchase Details

Closed on
Oct 12, 2002
Sold by
Ames Vernon C and Etal ,
Bought by
Hendy Naomi J
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
Hulbert Scott J $56,000 None Available
Glenn -- Gregory Shemeld
Hendy Naomi J $6,250 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2021 12/22/21 Sold $56,000 -6.5% $26 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $59,900 0.0% $28 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $59,900 -- $28 / 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 $3,161 $50,000 $5,100 $44,900
2023 $1,882 $50,000 $5,100 $44,900
2022 $1,910 $50,000 $5,100 $44,900
2021 $1,965 $50,000 $5,100 $44,900
2020 $1,978 $50,000 $5,100 $44,900
2019 $751 $50,000 $5,100 $44,900
2018 $2,697 $50,000 $5,100 $44,900
2017 $2,027 $50,000 $5,100 $44,900
2016 $2,005 $50,000 $5,100 $44,900
2015 -- $50,000 $5,100 $44,900
2014 -- $50,000 $5,100 $44,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1334366

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-050-0002-013-000-0000