NOT LISTED FOR SALE

505 Putnam St Olean, NY 14760

Estimated Value: $40,000 - $108,000

3 Beds
1 Bath
1,328 Sq Ft
$59/Sq Ft Est. Value

Last Sold April 21, 2017

Last sale price $8,500 $6 Per Sq Ft

Est. 826% increase in value since last sale

Current estimated payment $529/month

282 Days on Market

Highlights

  • Forced Air Cooling System
  • Rectangular Lot
  • 3-minute walk to Oak Hill Park

About This Home

As of April 2017

PRICE REDUCED! Owners are looking for a cash sale and all reasonable offers will be considered! Three bedroom and one bath home for sale in Olean NY. Partially remodeled with a newer furnace and hot water heater. Beautiful natural woodwork throughout the home. Enclosed from porch area makes a very comfortable study or work area. Dedicated parking area. Directly across from Oak Hill Park and within a short walk to the Olean High School. Very close to all the amenities and shops in Olean. Purchase this home as a family home or a solid rental investment. With some further updating and repairs this home will be very comfortable and safe for your family or rental clients.

Last Listed By

Todd VanDyke

Listing by RE/MAX On Point License #10491212754 Listed on: 05/17/2016

RE/MAX On Point

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 40 x 35
  • Rectangular Lot

Parking

  • No Garage

Home Design

  • Block Foundation

Interior Spaces

  • 1,328 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 041200-094-064-0009-003-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Age: 106
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 17000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 40
  • Lot Dimension Front: 35
  • Lot Shape: Rectangular
  • L P Per Acre: 750000.0000
  • List Price per Sq Ft: 16.9427
  • Nearest Cross Street: North 4rth
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 283333.33
  • Ratio Close Price By Sq Ft: 6.40
  • Ratio List Price By Acres: 500000.00
  • Ratio List Price By Sq Ft: 11.30
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 436
  • Styles of Residence: 2 Story
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 22500.00
  • Year Built Description: Existing
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: State Street to North Fourth. Turn left onto Putnam and house is on the left across from the park.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Full Bathrooms: 1
  • Attic Description: Crawl Space
  • Basement Description: Full
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 9
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1328

Exterior Features

  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.0300

Garage/Parking

  • Driveway Description: Blacktop, Parking Area
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-064-0009-003-000-0000

Tax Info

  • Total Taxes: 913

MLS Schools

  • 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

Closed on
Jun 13, 2011
Sold by
County Of Cattaraugus
Bought by
Ramdass Balack
Total Days on Market
282
Current Estimated Value
$78,741

Purchase Details

Closed on
Feb 16, 2011
Sold by
Vancleaf Estate Anna
Bought by
County Of Cattaraugus

Purchase Details

Closed on
Apr 17, 2008
Sold by
County Of Cattaraugus
Bought by
Vancleaf Estate Anna

Purchase Details

Closed on
Mar 3, 2008
Sold by
Vancleaf Estate Anna
Bought by
County Of Cattaraugus

Purchase Details

Closed on
May 22, 1996

Purchase Details

Closed on
May 17, 1996
Sold by
Jadlowski Theodore E
Bought by
Vancleaf Anna

Range of Values:

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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
Ramdass Balack $9,750 --
County Of Cattaraugus -- --
Vancleaf Estate Anna $7,739 --
County Of Cattaraugus -- --
-- -- --
Vancleaf Anna $39,900 --
Vancleaf Anna $39,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2017 04/21/17 Sold $8,500 -43.3% $6 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
11/29/2016 11/29/16 Price Changed $15,000 -23.1% $11 / Sq Ft
10/19/2016 10/19/16 Price Changed $19,500 -31.6% $15 / Sq Ft
05/17/2016 05/17/16 For Sale $28,500 -- $21 / 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 $1,079 $17,000 $500 $16,500
2023 $640 $17,000 $500 $16,500
2022 $649 $17,000 $500 $16,500
2021 $668 $17,000 $500 $16,500
2020 $673 $17,000 $500 $16,500
2019 $255 $17,000 $500 $16,500
2018 $977 $17,000 $500 $16,500
2017 $689 $17,000 $500 $16,500
2016 $682 $17,000 $500 $16,500
2015 -- $17,000 $500 $16,500
2014 -- $17,000 $500 $16,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B499896

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0009-003-000-0000