$68,000
SOLD NOV 13, 2024

509 N 8th St Olean, NY 14760

2 Beds
1 Bath
1,035 Sq Ft
6,400 Sq Ft Lot

Recently Sold

$66 Per Sq Ft

99,900% Above List Price

27 Days on Market

Highlights

  • Separate Formal Living Room
  • Forced Air Heating System
  • 1-Story Property
  • Eat-In Kitchen
  • Carpet

About This Home

As of November 2024

Single family investment property schedule a viewing today.

Last Agent to Sell the Property

John Dwaileebe

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-3953 License #40DW0994003 Listed on: 08/26/2024

Howard Hanna Professionals - Olean

Last Buyer's Agent

John Dwaileebe

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-378-3953 License #40DW0994003 Listed on: 08/26/2024

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,478

Year Built

  • Built in 1915

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 50x128

Home Design

  • Block Foundation

Interior Spaces

  • 1,035 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Dirt Driveway

Utilities

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

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 041200-094-048-0001-053-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,478

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1915
  • Attribution Contact: 716-378-3953
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: Take a right off of Wayne Street home on the left.
  • Architectural Style: Two Story
  • Flooring: Carpet, Varies, Vinyl
  • Garage Yn: No
  • Interior Features: Eat-in Kitchen, Separate/Formal Living Room
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 6
  • Stories: 1

Exterior Features

  • Acres: 0.1469
  • Waterfront: No
  • Construction Type: Frame
  • Exterior Features: Dirt 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: 041200-094-048-0001-053-000-0000
  • Lot Dimensions: 50X128
  • Lot Size Sq Ft: 6400.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2478.0
  • Tax Lot: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2024
Closed on
Nov 8, 2024
Sold by
Biehler Christopher M
Bought by
Donahey Michael C
Seller's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
Buyer's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
List Price
$68
Sold Price
$68,000
Premium/Discount to List
$67,932
99900%
Views
22
Current Estimated Value
$67,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$686
Avg. Annual Appreciation
-1.68%
Original Mortgage
$69,462
Outstanding Balance
$69,121
Interest Rate
6.12%
Mortgage Type
VA
Estimated Equity
-$1,807

Purchase Details

Closed on
Aug 24, 2015
Sold by
Olean Area Fcu
Bought by
Biehler Christopher M

Purchase Details

Closed on
Mar 16, 2009
Sold by
Virga Gregory
Bought by
Backer Allen

Purchase Details

Closed on
Jan 3, 2009
Sold by
County Of Cattaraugus
Bought by
Virga Gregory

Purchase Details

Closed on
Nov 24, 2008
Sold by
County Of Cattaraugus
Bought by
Verga Gregory

Purchase Details

Closed on
Mar 3, 2008
Sold by
Taylor Diane
Bought by
County Of Cattaraugus
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $68,000 None Available
Deed $26,900 Daniel R. Palumbo
Deed $26,900 Daniel R. Palumbo
Deed $8,000 Daniel Derose
Deed $8,000 Daniel Derose
Deed -- --
Deed -- --
Deed $8,650 --
Deed $8,650 --
Foreclosure Deed -- --
Foreclosure Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $69,462 VA
Previous Owner $22,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2024 11/13/24 Sold $68,000 0.0% $66 / Sq Ft
09/22/2024 09/22/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $68,000 +99900.0% $66 / Sq Ft
08/26/2024 08/26/24 For Sale $68 -- $0 / 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 $1,129 $29,900 $4,200 $25,700
2023 $1,126 $29,900 $4,200 $25,700
2022 $1,142 $29,900 $4,200 $25,700
2021 $1,175 $29,900 $4,200 $25,700
2020 $1,183 $29,900 $4,200 $25,700
2019 $449 $29,900 $4,200 $25,700
2018 $1,613 $29,900 $4,200 $25,700
2017 $1,212 $29,900 $4,200 $25,700
2016 $1,199 $29,900 $4,200 $25,700
2015 -- $29,900 $4,200 $25,700
2014 -- $29,900 $4,200 $25,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1561418

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-048-0001-053-000-0000