NOT LISTED FOR SALE

503 N 8th St Olean, NY 14760

Olean Area

Estimated Value: $38,000 - $95,000

3 Beds
1 Bath
1,180 Sq Ft
$60/Sq Ft Est. Value

Sale Details

Date Sold: July 22, 2021

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

Est. 369% increase in value since last sale

Current estimated payment $463 / mo

720 Days on Market

About This Home

As of July 2021

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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

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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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

2,760 Sq Ft Lot

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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2019
Closed on
Jun 18, 2021
Sold by
Bought by
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
$70,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,310
Avg. Annual Appreciation
35.54%

Purchase Details

Closed on
Mar 4, 2019
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2009
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Olean, NY

  • Jerry Thompson Real Estate Agent - Century 21 North East

    Jerry Thompson

    Century 21 North East

    (716) 687-0473

    340 Total Sales

    2 in Olean

    $145,000 Price Range

    Jerry Thompson
     Section Image
  • Aimee Campbell Real Estate Agent - Empire Realty Group

    Aimee Campbell

    Responds Quickly

    Empire Realty Group

    (585) 565-5382

    158 Total Sales

    1 in Olean

    $155,000 Price

    Aimee Campbell
     Section Image
  • Caitlin Croft Real Estate Agent - Iconic Real Estate

    Caitlin Croft

    Iconic Real Estate

    (716) 221-8308

    84 Total Sales

    6 in Olean

    $142K - $218K Price Range

    Caitlin Croft
     Section Image
  • Heather Chase Real Estate Agent - ERA Team VP Real Estate

    Heather Chase

    ERA Team VP Real Estate

    (878) 217-7080

    145 Total Sales

    4 in Olean

    $100K - $200K Price Range

    Heather Chase
     Section Image
  • Anthony Dubreville Real Estate Agent - Keller Williams Realty WNY

    Anthony Dubreville

    Keller Williams Realty WNY

    (716) 221-8737

    105 Total Sales

    2 in Olean

    $26,000 Price Range

    Anthony Dubreville
     Section Image
  • Jonas Willson Real Estate Agent - Genesee River Realty

    Jonas Willson

    Genesee River Realty

    (585) 648-5008

    88 Total Sales

    1 in Olean

    $18,000 Price

    Jonas Willson
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$55,000 None Available
$500 --
$237,100 J. Michael Shane
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $921 $24,000 $2,400 $21,600
2024 $1,517 $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

  • J

    Buyer's Agent in 2021

    John Dwaileebe

    Howard Hanna

    (716) 378-3953

    95 Total Sales

    John Dwaileebe
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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

New York Cattaraugus County Olean 14760

503 N 8th St, Olean, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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