NOT LISTED FOR SALE

506 Washington St Olean, NY 14760

Estimated Value: $79,000 - $136,000

4 Beds
2.5 Baths
3,124 Sq Ft
$33/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $70,000 $22 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $654/month

57 Days on Market

Highlights

  • Wood Flooring
  • 2 Fireplaces
  • 1 Car Detached Garage
  • Full Attic
  • Home Office
  • 4-minute walk to Oak Hill Park

About This Home

As of December 2021

This house has so much potential. It has good bones but needs someone who has an eye for remodeling! By purchasing this fixer upper, it will give you a clean slate and an invitation to design your home the way you want while building equity and turning it into your dream home. Some features already in place are some hard wood floors, a beautiful staircase, Lots of beautiful windows, a ton of closet space. nice size bedrooms, a very nice layout, a dry basement. newer roof (less than 5 years old). structurally sound house. Good working furnace and hot water tank. Great curb appeal!!

Last Agent to Sell the Property

Karen Callahan

Listing by RE/MAX On Point License #10401294365 Listed on: 06/08/2021

RE/MAX On Point

Last Buyer's Agent

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,786

Year Built

  • Built in 1910

Lot Details

  • 4,650 Sq Ft Lot
  • Lot Dimensions are 75 x 62

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3,124 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Home Office
  • Basement Fills Entire Space Under The House
  • Full Attic
  • Eat-In Kitchen

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 1 Car Detached Garage
  • Stone Driveway

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 041200-094-064-0004-021-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,786

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 51000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 75
  • Lot Dimension Front: 62
  • Lot Information: Neighborhood Street
  • Lot Number: 21
  • Nearest Cross Street: N 4th
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 656044.99
  • Ratio Close Price By Sq Ft: 22.41
  • Ratio List Price By Acres: 796626.05
  • Ratio List Price By Sq Ft: 27.21
  • Regional Board Code: Buffalo
  • School Tax: 1349
  • Styles of Residence: 2 Story
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4650
  • Age of Building: 113
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 3124
  • Directions To Property: Take Laurens Street to Washington St. Located across from Oak Hill Park.
  • Sq Ft Total Pub: 3124
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Full Bathrooms: 2
  • Additional Rooms: Den/Study, Primary Bedroom Bath, Office
  • Attic Description: Full
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some
  • Kitchen Dining Description: Eat-In
  • Number of Bedrooms 2nd Floor: 4
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 2
  • Number of Fireplaces Woodburning: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 2nd Floor Half Bathrooms: 1
  • Number of Rooms: 12
  • Half Bathrooms: 1
  • Total Bathrooms: 2.10
  • Total Bedrooms: 4
  • Total Sq Ft: 3124

Exterior Features

  • Construction: Brick
  • Number of Acres: 0.1067

Garage/Parking

  • Driveway Description: Stone/Gravel
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric, Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Lot Info

  • Parcel Number: 041200-094-064-0004-021-000-0000

Tax Info

  • Total Taxes: 2786

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2021
Sold by
Sultan Aamir and Rafi Amber
Bought by
Finigan Denise
Current Estimated Value
$104,644

Purchase Details

Closed on
Nov 13, 2020
Sold by
Shivadorga Llc
Bought by
Sultan Aamir and Rafi Amber

Purchase Details

Closed on
Apr 3, 2020
Sold by
Silber Daniel
Bought by
Shivadorga Llc

Purchase Details

Closed on
Mar 17, 2020
Sold by
Silber Daniel
Bought by
Shivadorga Llc

Purchase Details

Listed on
Jun 20, 2019
Closed on
Nov 19, 2019
Sold by
Feder Mortgage Corpor
Bought by
Silber Daniel S
Seller's Agent
Lynn Emmerling
RE/MAX Integrity
Buyer's Agent
Lynn Emmerling
RE/MAX Integrity
List Price
$78,900
Sold Price
$49,900
Premium/Discount to List
-$29,000
-36.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.89%

Purchase Details

Listed on
Jun 20, 2019
Closed on
Oct 21, 2019
Sold by
Silber Daniel S
Bought by
Fhlm
Seller's Agent
Lynn Emmerling
RE/MAX Integrity
Buyer's Agent
Lynn Emmerling
RE/MAX Integrity
List Price
$78,900
Sold Price
$49,900
Premium/Discount to List
-$29,000
-36.76%

Purchase Details

Closed on
Feb 12, 2019
Sold by
Bald Janet
Bought by
Fede Mortgage Corpor

Purchase Details

Closed on
Jan 18, 2019
Sold by
Bald Janet
Bought by
Fede Mortgage Corpor

Purchase Details

Closed on
Feb 10, 2010
Sold by
Bald Estate Janet
Bought by
Campbell Philip

Purchase Details

Closed on
Feb 28, 2002
Sold by
Pinocchio Alfred F Patricia L
Bought by
Bald Janet E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Finigan Denise $70,000 None Available
Sultan Aamir $32,000 None Available
Shivadorga Llc -- None Available
Shivadorga Llc -- None Available
Silber Daniel S $49,900 None Available
Silber Daniel S $49,900 None Available
Fhlm $50,000 --
Fede Mortgage Corpor $55,614 None Available
Fede Mortgage Corpor $55,614 None Available
Fhlm $55,614 --
Campbell Philip -- --
Bald Janet E $88,500 Daniel A De Rose
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2021 12/01/21 Sold $70,000 -17.6% $22 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $85,000 +70.3% $27 / Sq Ft
11/22/2019 11/22/19 Sold $49,900 0.0% $16 / Sq Ft View Prior Sale
09/11/2019 09/11/19 Pending -- -- --
09/03/2019 09/03/19 Price Changed $49,900 -23.1% $16 / Sq Ft
07/30/2019 07/30/19 Price Changed $64,900 -17.7% $21 / Sq Ft
06/20/2019 06/20/19 For Sale $78,900 -- $25 / 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 $3,225 $51,000 $3,600 $47,400
2023 $1,920 $51,000 $3,600 $47,400
2022 $1,948 $51,000 $3,600 $47,400
2021 $2,004 $51,000 $3,600 $47,400
2020 $6,778 $51,000 $3,600 $47,400
2019 $1,388 $92,500 $3,600 $88,900
2018 $11,601 $92,500 $3,600 $88,900
2017 $7,920 $92,500 $3,600 $88,900
2016 $5,207 $92,500 $3,600 $88,900
2015 -- $92,500 $3,600 $88,900
2014 -- $92,500 $3,600 $88,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1342548

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0004-021-000-0000