$40,000
$25K PRICE DROP

507 N 7th St Olean, NY 14760

Estimated payment $387/month

Total Views 6,588
3 Beds
1.5 Baths
1,184 Sq Ft
$34 Price per Sq Ft

Highlights

  • Hot Property
  • Eat-In Kitchen
  • Forced Air Heating System
  • Main Floor Bedroom
  • Laundry Room
  • Rectangular Lot

About This Home

Great potential investment for a contractor! Much of this remodel is already complete: New siding, roof, insulation, plumbing, electrical, windows, doors, and hot water tank. Roughed out for three bedrooms, 1.5 baths and first floor laundry. Front porch done with long lasting composite flooring. Needs someone with vision to finish it. Located close to restaurants and stores. We have a quote for the foundation issue for 16K so we have dropped the price to $50k!

Listing Agent

Rebecca Laborde

Listing by EXP-Premier Listings Team Brokerage Phone: 716-378-5055 License #10401331095 Listed on: 04/07/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,075

Year Built

  • Built in 1910

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 35x128
  • Rectangular Lot

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,184 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • No Garage
  • Gravel Driveway

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 041200-94.048-2-16

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,075

Year Built

Built in 1910

Lot Details

0.25 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1910
  • Attribution Contact: 716-378-5055
  • ResoLaundryFeatures: Main Level
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: Off of Wayne St - 1st house on the left.
  • Architectural Style: Two Story
  • Flooring: Other, See Remarks
  • Garage Yn: No
  • Interior Features: Eat-in Kitchen, Bedroom on Main Level
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.25
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Block

Garage/Parking

  • Parking Features: No Garage

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: 041200-94.048-2-16
  • Lot Dimensions: 35X128
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2075.0

Map

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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
2025 $1,420 $37,000 $3,300 $33,700
2024 $2,339 $37,000 $3,300 $33,700
2023 $1,393 $37,000 $3,300 $33,700
2022 $1,413 $37,000 $3,300 $33,700
2021 $1,454 $37,000 $3,300 $33,700
2020 $2,451 $37,000 $3,300 $33,700
2019 $555 $37,000 $3,300 $33,700
2018 $2,520 $37,000 $3,300 $33,700
2017 $1,754 $37,000 $3,300 $33,700
2016 $1,686 $37,000 $3,300 $33,700
2015 -- $37,000 $3,300 $33,700
2014 -- $37,000 $3,300 $33,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/08/2026 05/08/26 Price Changed $40,000 -20.0% $34 / Sq Ft
04/19/2026 04/19/26 Price Changed $50,000 -23.0% $42 / Sq Ft
04/07/2026 04/07/26 For Sale $64,900 +765.3% $55 / Sq Ft
03/08/2024 03/08/24 Sold $7,500 -11.8% $6 / Sq Ft View Prior Sale
10/10/2023 10/10/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $8,500 -- $7 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 Type Sale Price Title Company
Deed $7,500 None Available
Executors Deed $15,000 None Available
Warranty Deed $2,500 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1666066

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-048-0002-016-000-0000

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