NOT LISTED FOR SALE

509 3rd Ave Olean, NY 14760

Estimated Value: $58,000 - $86,000

3 Beds
1.5 Baths
1,172 Sq Ft
$58/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $56,000 $48 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $462/month

78 Days on Market

Highlights

  • Deck
  • Main Floor Bedroom
  • Private Yard
  • Wood Flooring
  • Separate Formal Living Room
  • Eat-In Country Kitchen

About This Home

As of August 2024

This home is located at 509 3rd Ave, Olean, NY 14760 since 12 March 2024 and is currently estimated at $67,825, approximately $57 per square foot. This property was built in 1895. 509 3rd Ave is a home located in Cattaraugus County with nearby schools including Olean Intermediate-Middle School, Olean Senior High School, and New Life Christian School.

Last Agent to Sell the Property

Ron Wolf

Listing by Real Estate Pros & More Brokerage Phone: 716-307-7117 License #30WO0580127 Listed on: 03/12/2024

Last Buyer's Agent

Paul Conklin

Listing by ERA Team VP Real Estate License #40CO0885468

ERA Team VP Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,624

Year Built

  • Built in 1895

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Partially Fenced Property
  • Rectangular Lot
  • Private Yard
  • Historic Home

Home Design

  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 1,172 Sq Ft Home
  • 2-Story Property
  • Separate Formal Living Room

Kitchen

  • Eat-In Country Kitchen
  • Gas Cooktop

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry Room
  • Laundry on upper level

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Dirt Driveway

Outdoor Features

  • Deck
  • Open Patio
  • Porch

Schools

  • East View Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

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

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 041200-094-050-0001-015-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,624

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1895
  • Attribution Contact: 716-307-7117
  • ResoLaundryFeatures: Upper Level
  • Lot Features: Rectangular, Residential Lot
  • Road Frontage Type: City Street
  • Directions: Main street to Genesee St. turn right onto third avenue. Home is on the right.
  • Architectural Style: Historic/Antique, Two Story
  • Flooring: Hardwood, Tile, Varies
  • Garage Yn: No
  • Interior Features: Eat-in Kitchen, Separate/Formal Living Room, Country Kitchen, Bedroom on Main Level
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Appliances: Gas Cooktop, Gas Water Heater
  • Basement: Full, Walk-Out Access
  • 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

  • Fencing: Partial
  • Acres: 0.1492
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Dirt Driveway, Deck, Fence, Private Yard, See Remarks
  • Foundation Details: Stone
  • Patio And Porch Features: Deck, Open, Porch

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
  • Ninth Grade High School: Olean Senior High
  • Middle Or Junior School: Olean Middle

Lot Info

  • Parcel Number: 041200-094-050-0001-015-000-0000
  • Lot Dimensions: 50X130
  • Lot Size Sq Ft: 6500.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2624.0
  • Tax Lot: 15

MLS Schools

  • Elementary School: East View Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
Aug 8, 2024
Sold by
Ramadhan Michele I
Bought by
Wilke Erica A
Seller's Agent
Ron Wolf
Real Estate Pros & More
Buyer's Agent
Paul Conklin
ERA Team VP Real Estate
List Price
$63,900
Sold Price
$56,000
Premium/Discount to List
-$7,900
-12.36%
Views
206
Current Estimated Value
$67,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,825
Avg. Annual Appreciation
17.00%
Original Mortgage
$51,300
Outstanding Balance
$50,672
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$17,153

Purchase Details

Closed on
Jun 17, 2005
Sold by
Hensel Richard
Bought by
Wolf Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,600
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2003
Sold by
Hensel Richard
Bought by
Hensel Richard

Purchase Details

Closed on
Jan 30, 1997

Purchase Details

Closed on
May 9, 1995
Sold by
Rhode James L Julie C Gue
Bought by
Hensel Victoria A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wilke Erica A $56,000 None Available
Wolf Michele $47,000 Kevin Stocker
Wolf Michele $47,000 Kevin Stocker
Hensel Richard -- Mark Lillenstein
Hensel Richard -- Mark Lillenstein
-- -- --
-- -- --
-- -- --
-- -- --
Hensel Victoria A $28,000 --
Hensel Victoria A $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilke Erica A $51,300
Previous Owner Wolf Michele $37,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2024 08/08/24 Sold $56,000 -9.5% $48 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
04/17/2024 04/17/24 Price Changed $61,900 -3.1% $53 / Sq Ft
03/12/2024 03/12/24 For Sale $63,900 -- $55 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $1,262 $48,500 $5,100 $43,400
2023 $1,826 $48,500 $5,100 $43,400
2022 $2,648 $48,500 $5,100 $43,400
2021 $1,906 $48,500 $5,100 $43,400
2020 $1,278 $48,500 $5,100 $43,400
2019 $1,403 $48,500 $5,100 $43,400
2018 $2,443 $48,500 $5,100 $43,400
2017 $1,290 $48,500 $5,100 $43,400
2016 $1,251 $48,500 $5,100 $43,400
2015 -- $48,500 $5,100 $43,400
2014 -- $48,500 $5,100 $43,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Ron Wolf

    Real Estate Pros & More

    Section Image

  • P

    Buyer's Agent in 2024

    Paul Conklin

    ERA Team VP Real Estate

    (585) 968-3699

    4 in this area

    32 Total Sales

    Paul Conklin
    Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1525720

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-050-0001-015-000-0000

New York Cattaraugus County Olean 14760

509 3rd Ave, Olean, NY

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