469 N Branch Rd Eldred, PA 16731
Estimated payment $1,899/month
Highlights
- River Access
- Secluded Lot
- Covered Patio or Porch
- 62.5 Acre Lot
- Wooded Lot
- Home fronts a stream
About This Home
Unlock the potential of this exceptional multi-faceted property, offering immediate rental income, a move-in ready primary residence, and substantial land value. The centerpiece is a fully renovated single-family home featuring three bedrooms (with potential for a 4th) and a modernized full bath. Designed for longevity and low maintenance, the house underwent a complete renovation 8 years ago, including new wiring, heating system, roof, siding, windows, and partial foundation work. The first-floor laundry and two main-level bedrooms offer convenient single-level living. The investment portfolio also includes a 1994 single-wide mobile home (3 bed/1
bath), providing a second stream of rental income. Both dwellings are currently occupied by tenants and
equipped with independent water softeners. (Tax ID #20-001-118-02A) Beyond the homes lies 58.75 acres (Tax
ID #20-001-118-01) of expansive land enrolled in the Clean & Green program for tax efficiency. This parcel is not
just scenic; it also holds significant tangible value, with an official March 2025 timber estimate of $35,000–
$40,000 for the standing timber. Whether you are an investor seeking a diversified asset or an owner-occupant
looking for a homestead that pays for itself, this property delivers. This property is conveniently located 33
minutes from Allegheny National Forest, 43 minutes from Holiday Valley in Ellicottville, about one hour from
Cherry Springs State Park Astronomy Observation, and just 20 minutes South of Olean. This location is not as far
out as it feels.
Listing Agent
Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10301214758 Listed on: 12/22/2025
Co-Listing Agent
Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-7039 License #10401395789
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,797
Year Built
- Built in 1930
Lot Details
- 62.5 Acre Lot
- Lot Dimensions are 2670x1900
- Home fronts a stream
- Secluded Lot
- Rectangular Lot
- Wooded Lot
- 20-001-118-02A, 20-001-118-01
Home Design
- Block Foundation
- Poured Concrete
- Vinyl Siding
- Copper Plumbing
Interior Spaces
- 1,326 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Full Bathrooms
Parking
- Parking Available
- Gravel Driveway
Outdoor Features
- River Access
- Covered Patio or Porch
Schools
- Otto Eldred Elementary School
- Otto Eldred Jr/Sr. High Middle School
- Otto Eldred Jr/Sr. High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- PEX Plumbing
- Well
- Electric Water Heater
- Water Softener is Owned
- Sewer Holding Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 20-001-118-02
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Gas Meters
- Gross Income $18,000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,213 | $32,420 | $12,950 | $19,470 |
| 2024 | $1,129 | $32,420 | $12,950 | $19,470 |
| 2023 | $1,129 | $32,420 | $12,950 | $19,470 |
| 2022 | $1,129 | $32,420 | $12,950 | $19,470 |
| 2021 | $1,120 | $32,420 | $12,950 | $19,470 |
| 2020 | $1,120 | $32,420 | $12,950 | $19,470 |
| 2019 | $1,063 | $32,420 | $12,950 | $19,470 |
| 2018 | $10 | $32,420 | $12,950 | $19,470 |
| 2017 | -- | $32,420 | $12,950 | $19,470 |
| 2016 | $381 | $32,420 | $12,950 | $19,470 |
| 2015 | $381 | $32,420 | $12,950 | $19,470 |
| 2014 | $381 | $32,420 | $12,950 | $19,470 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2025 12/22/25 | For Sale | $334,900 | -- | $253 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $12,751 | None Available |
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1655499
APN: 20-001. -118.02.
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