NOT LISTED FOR SALE

503 N 4th St Olean, NY 14760

Estimated Value: $78,000 - $191,000

5 Beds
2 Baths
2,016 Sq Ft
$62/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $58,300 $29 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,013/month

147 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • High Speed Internet
  • Fenced Yard
  • Space Heater
  • Rectangular Lot

About This Home

As of November 2014

This two family Olean home is in great condition. The first floor has two bedrooms and a bath. There is a finished basement with a bar area. The second floor apartment has three bedrooms and one bath. There is an open front porch, and a fenced in yard behind the car garage. Call today and take a look.

Last Listed By

Dennis Pezzimenti

Listing by Howard Hanna Professionals License #10491207167 Listed on: 04/17/2014

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,076

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 153 x 30
  • Fenced Yard
  • Rectangular Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • Scuttle Attic Hole
  • Finished Basement

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Shared Driveway

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Space Heater
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes heat, water
  • Assessor Parcel Number 041200-094-048-0001-038-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,076

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Age: 104
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 59500
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 153
  • Lot Dimension Front: 30
  • Lot Information: Neighborhood Street
  • Lot Shape: Rectangular
  • L P Per Acre: 571818.1800
  • List Price per Sq Ft: 31.2003
  • Nearest Cross Street: Wayne Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 530000.00
  • Ratio Close Price By Sq Ft: 28.92
  • Ratio List Price By Acres: 571818.18
  • Ratio List Price By Sq Ft: 31.20
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: Heat, Water
  • School Tax: 1467
  • Sale Price List Price: 0.9268
  • S P Per Acre: 530000.0000
  • S P Per Sq Ft: 28.9200
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 62900.00
  • Year Built Description: Existing
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: Heading west down Wayne Street take a right on North Fourth St. House is second on the left
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Finished
  • Floor Description: Hardwood-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Number of Rooms: 9
  • Total Sq Ft: 2016

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Fully Fenced Yard, Garage Door Opener, High Speed Internet
  • Number of Acres: 0.1100

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Blacktop, Concrete, Shared

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Space Heater
  • Number of Gas Meters: 1
  • Number of Heating Units: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean
  • Elementary School: Washington West Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-048-0001-038-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3076

MLS Schools

  • Elementary School Name: Washington West 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
Apr 17, 2014
Closed on
Nov 20, 2014
Sold by
Rogozinski Karen
Bought by
Finch Mark
Seller's Agent
Dennis Pezzimenti
Howard Hanna Professionals
Buyer's Agent
Claudia Attard-Keary
Premier Listings Real Estate
List Price
$62,900
Sold Price
$58,300
Premium/Discount to List
-$4,600
-7.31%
Total Days on Market
147
Current Estimated Value
$125,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,653
Avg. Annual Appreciation
7.58%
Original Mortgage
$57,243
Outstanding Balance
$43,363
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$82,055

Purchase Details

Closed on
Feb 14, 2008
Sold by
Napolione Dennis
Bought by
Napolione Dennis

Range of Values:

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Average Value
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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
Finch Mark $58,300 Gregory Shemeld
Napolione Dennis $62,000 Nicholas Dicerbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finch Mark $57,243
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2014 11/21/14 Sold $58,300 -7.3% $29 / Sq Ft
09/11/2014 09/11/14 Pending -- -- --
04/17/2014 04/17/14 For Sale $62,900 -- $31 / 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 $3,778 $59,500 $3,000 $56,500
2023 $2,240 $59,500 $3,000 $56,500
2022 $2,272 $59,500 $3,000 $56,500
2021 $2,338 $59,500 $3,000 $56,500
2020 $2,354 $59,500 $3,000 $56,500
2019 $893 $59,500 $3,000 $56,500
2018 $3,210 $59,500 $3,000 $56,500
2017 $2,412 $59,500 $3,000 $56,500
2016 $2,385 $59,500 $3,000 $56,500
2015 -- $59,500 $3,000 $56,500
2014 -- $59,500 $3,000 $56,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B449489

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-048-0001-038-000-0000