$69,900
PENDING $10K PRICE DROP

507 E Connell St Olean, NY 14760

Estimated payment $617/month

Total Views 37,511
5 Beds
1 Bath
2,000 Sq Ft
$35 Price per Sq Ft

Highlights

  • Main Floor Bedroom
  • Sun or Florida Room
  • Eat-In Kitchen
  • Separate Formal Living Room
  • Den
  • Laundry Room

About This Home

Step back in time with this spacious 5-bedroom, 1-bathroom home, brimming with character and waiting for your personal touch!
Inside, you'll find generously sized rooms, a large kitchen with plenty or space for an eat-in. The full bathroom is centrally located off the kitchen with a newer walk-in shower. Living room, office and bedroom or space for whatever you need. Laundry is conveniently located on the first floor.
Nice carport. Metal roof, vinyl siding, newer windows, and new hot water tank takes away from having to do those major updates.
Sitting on a nice-sized lot, the backyard offers room for a garden, entertaining, or expansion. While this home needs some TLC, it's an incredible opportunity for investors, DIY enthusiasts, or anyone looking to restore a piece of history.

Listing Agent

Kelly Patrone

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-353-3222 License #30PA0967867 Listed on: 02/27/2025

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,024

Year Built

  • Built in 1890

Lot Details

  • 8,050 Sq Ft Lot
  • Lot Dimensions are 46x175
  • Rectangular Lot
  • Historic Home

Parking

  • 1 Car Garage
  • Carport
  • Driveway

Home Design

  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Separate Formal Living Room
  • Den
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 041200-094-033-0001-025-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,024

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1890
  • Attribution Contact: 716-353-3222
  • ResoLaundryFeatures: Main Level
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: Take N Union extension and go over the railroad tracks. Take right onto E Connell.
  • Architectural Style: Historic/Antique, Two Story
  • Carport Y N: Yes
  • Flooring: Carpet, Laminate, Varies
  • Garage Yn: Yes
  • Interior Features: Den, Eat-in Kitchen, Separate/Formal Living Room, Bedroom on Main Level
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Fuses
  • Special Features: None

Interior Features

  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 5
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1848
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Blacktop Driveway
  • Foundation Details: Stone

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Carport

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-033-0001-025-000-0000
  • Lot Dimensions: 46X175
  • Lot Size Sq Ft: 8050.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3024.0
  • Tax Lot: 25

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $499 $56,500 $5,300 $51,200
2023 $1,868 $56,500 $5,300 $51,200
2022 $1,891 $56,500 $5,300 $51,200
2021 $2,220 $56,500 $5,300 $51,200
2020 $1,595 $56,500 $5,300 $51,200
2019 $848 $56,500 $5,300 $51,200
2018 $1,691 $56,500 $5,300 $51,200
2017 $1,831 $56,500 $5,300 $51,200
2016 $3,340 $56,500 $5,300 $51,200
2015 -- $56,500 $5,300 $51,200
2014 -- $56,500 $5,300 $51,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2025 09/23/25 Pending -- -- --
08/25/2025 08/25/25 Price Changed $69,900 -6.2% $35 / Sq Ft
04/28/2025 04/28/25 Price Changed $74,500 -4.4% $37 / Sq Ft
03/27/2025 03/27/25 Price Changed $77,900 -2.5% $39 / Sq Ft
02/27/2025 02/27/25 For Sale $79,900 -- $40 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Carl Vahl
Interfamily Deed Transfer -- Carl R. Vahl
Source: Public Records

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1590550

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-033-0001-025-000-0000