NOT LISTED FOR SALE

503 N 8th St Olean, NY 14760

Estimated Value: $66,000 - $87,000

3 Beds
1 Bath
1,180 Sq Ft
$61/Sq Ft Est. Value

Last Sold July 22, 2021

Last sale price $15,000 $13 Per Sq Ft

Est. 377% increase in value since last sale

Current estimated payment $453/month

720 Days on Market

About This Home

As of July 2021

Take a look at this affordable 2 unit home. Become a landlord today and supplement your income

Last Agent to Sell the Property

Michelle Fitzpatrick-Baer

Listing by Howard Hanna Professionals - Olean License #40FI1153618 Listed on: 04/17/2019

Howard Hanna Professionals - Olean

Last Buyer's Agent

John Dwaileebe

Listing by Howard Hanna Professionals - Olean License #40DW0994003

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 2,760 Sq Ft Lot
  • Lot Dimensions are 92 x 30

Parking

  • Dirt Driveway

Home Design

  • Block Foundation

Interior Spaces

  • 1,180 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 56
  • Assessor Parcel Number 041200-094-048-0001-056-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 24000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 92
  • Lot Dimension Front: 30
  • Lot Information: Neighborhood Street
  • Lot Number: 56
  • Nearest Cross Street: Wayne Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 236593.06
  • Ratio Close Price By Sq Ft: 12.71
  • Ratio List Price By Acres: 315457.41
  • Ratio List Price By Sq Ft: 16.95
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • School Tax: 500
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 2760
  • Age of Building: 107
  • Year Built: 1915
  • Directions To Property: Wayne Street to North Eighth
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1915

Interior Features

  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1180

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.0634

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Dirt

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

Lot Info

  • Parcel Number: 041200-094-048-0001-056-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2969

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2019
Closed on
Jun 18, 2021
Sold by
Hoffman David A
Bought by
Nutt Angela
Seller's Agent
Michelle Fitzpatrick-Baer
Howard Hanna Professionals - Olean
Buyer's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
List Price
$20,000
Sold Price
$15,000
Premium/Discount to List
-$5,000
-25%
Current Estimated Value
$71,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,478
Avg. Annual Appreciation
47.71%

Purchase Details

Closed on
Mar 4, 2019
Sold by
Ortego Randolph and Emton Properties Llc
Bought by
Hoffman David A

Purchase Details

Closed on
Sep 14, 2009
Sold by
Hoffman Estate Lucy
Bought by
Hoffman David
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nutt Angela $55,000 None Available
Hoffman David A $500 --
Hoffman David $237,100 J. Michael Shane
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Emton Randolph Ortego $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2021 07/22/21 Sold $15,000 -25.0% $13 / Sq Ft
05/19/2021 05/19/21 For Sale $20,000 0.0% $17 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
04/17/2019 04/17/19 For Sale $20,000 -- $17 / 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 $906 $24,000 $2,400 $21,600
2023 $904 $24,000 $2,400 $21,600
2022 $917 $24,000 $2,400 $21,600
2021 $943 $24,000 $2,400 $21,600
2020 $950 $24,000 $2,400 $21,600
2019 $511 $24,000 $2,400 $21,600
2018 $1,801 $24,000 $2,400 $21,600
2017 $2,239 $24,000 $2,400 $21,600
2016 $1,646 $24,000 $2,400 $21,600
2015 -- $24,000 $2,400 $21,600
2014 -- $24,000 $2,400 $21,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1186270

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-048-0001-056-000-0000