NOT LISTED FOR SALE

503 N 8th St Olean, NY 14760

Estimated Value: $65,619 - $96,000

3 Beds
1 Bath
1,180 Sq Ft
$68/Sq Ft Est. Value

Last Sold July 22, 2021

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

Est. 436% increase in value since last sale

Current estimated payment $573/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 Listed By

Michelle Fitzpatrick-Baer

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

Howard Hanna Professionals

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
Buyer's Agent
John Dwaileebe
Howard Hanna Professionals
List Price
$20,000
Sold Price
$15,000
Premium/Discount to List
-$5,000
-25%
Total Days on Market
720
Current Estimated Value
$80,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,405
Avg. Annual Appreciation
50.88%

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

Range of Values:

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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
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 $1,524 $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

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1186270

Chautauqua-Cattaraugus Board of REALTORS®

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