NOT LISTED FOR SALE

511 E Connell St Olean, NY 14760

Estimated Value: $95,000 - $116,000

3 Beds
1 Bath
1,200 Sq Ft
$87/Sq Ft Est. Value

Last Sold May 18, 2023

Last sale price $95,000 $79 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $847/month

9 Days on Market

Highlights

  • Above Ground Pool
  • Old Style Architecture
  • Eat-In Kitchen
  • Deck
  • 2 Car Detached Garage
  • Forced Air Cooling System

About This Home

As of May 2023

This fantastic three-bedroom single-family residence has a huge garage and a workshop area! Plus, a tremendous two-story high roof covers the back deck, allowing you to enjoy the great outdoors without worrying about exposure to the elements. Recent updates include newer flooring and a first-floor bedroom and bathroom for your convenience. With several new updates to systems in the house, including the heating system, hot water tank, and roof, you can move in and not worry about big ticket items. And don’t forget the almost fully fenced-in yard. An unfinished third-floor room with scuttle access to the attic could make a cool third-bedroom loft/bonus room/office. If you're ready to own your home, this home is perfect!

Last Listed By

Paul Pezzimenti

Listing by Howard Hanna Professionals License #10301214758 Listed on: 02/14/2023

Howard Hanna Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,624

Year Built

  • Built in 1890

Lot Details

  • 10,080 Sq Ft Lot
  • Lot Dimensions are 168 x 60
  • Partially Fenced Property

Parking

  • 2 Car Detached Garage

Home Design

  • Old Style Architecture
  • Block Foundation
  • Stone Foundation
  • Asphalt Roof
  • Metal Roof
  • Partial Copper Plumbing
  • Vinyl Construction Material

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Partial Basement
  • Scuttle Attic Hole

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Above Ground Pool
  • Deck
  • Shed

Schools

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

Utilities

  • Forced Air Cooling System
  • Space Heater
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Property held in a trust
  • Tax Lot 24
  • Assessor Parcel Number 041200-094-033-0001-024-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,624

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 48000
  • Foundation Description: Block, Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 168
  • Lot Dimension Front: 60
  • Lot Information: Neighborhood Street
  • Lot Number: 24
  • Nearest Cross Street: River Street
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 410544.51
  • Ratio Close Price By Sq Ft: 79.17
  • Ratio List Price By Acres: 366897.15
  • Ratio List Price By Sq Ft: 70.75
  • Regional Board Code: Rochester
  • Roof Description: Asphalt, Metal
  • School Tax: 1266
  • Styles of Residence: 2 Story, Old Style
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Trust
  • Year Built Description: Existing
  • Lot Sq Ft: 10080
  • Age of Building: 133
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 1080
  • Directions To Property: From N Union Street Turn onto E Forest Ave, E Forest turns into River St, turn left onto E Connell, the property is on the right
  • Sq Ft Total Pub: 1080
  • Attribution Contact: 716-378-7039
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some
  • Additional Rooms: 1st Floor Bedroom, Laundry-1st Floor
  • Attic Description: Scuttle Access
  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Dryer, Oven/Range Gas, Refrigerator, Washer
  • Kitchen Dining Description: Eat-In
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1200

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Deck, High Speed Internet, Partially Fenced Yard, Pool-Above Ground
  • Number of Acres: 0.2314

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Detached
  • Number of Garage Spaces: 2.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air, Space Heater
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

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

Lot Info

  • Parcel Number: 041200-094-033-0001-024-000-0000

Tax Info

  • Total Taxes: 2624

MLS Schools

  • Elementary School Name: East View Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2023
Closed on
May 18, 2023
Sold by
Patricia Washington Ret
Bought by
Wilcox Casey
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals
Buyer's Agent
Ron Wolf
Real Estate Pros & More
List Price
$84,900
Sold Price
$95,000
Premium/Discount to List
$10,100
11.9%
Total Days on Market
9
Current Estimated Value
$106,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,573
Avg. Annual Appreciation
5.20%
Original Mortgage
$93,279
Outstanding Balance
$91,134
Interest Rate
6.28%
Mortgage Type
FHA
Estimated Equity
$13,790

Purchase Details

Closed on
Dec 15, 2020
Sold by
Washington Patricia A
Bought by
Patricia Washington Ret and Washington

Purchase Details

Closed on
Aug 26, 2002
Sold by
Baer Robert D
Bought by
Washington Patricia

Purchase Details

Closed on
May 21, 1996

Purchase Details

Closed on
May 20, 1996

Range of Values:

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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
Wilcox Casey $95,000 None Available
Patricia Washington Ret -- None Available
Washington Patricia $30,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilcox Casey $93,279
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2023 05/18/23 Sold $95,000 +11.9% $79 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $84,900 -- $71 / 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 $3,048 $48,000 $6,100 $41,900
2023 $1,807 $48,000 $6,100 $41,900
2022 $1,833 $48,000 $6,100 $41,900
2021 $1,886 $48,000 $6,100 $41,900
2020 $1,258 $48,000 $6,100 $41,900
2019 $720 $48,000 $6,100 $41,900
2018 $1,948 $48,000 $6,100 $41,900
2017 $1,270 $48,000 $6,100 $41,900
2016 $1,231 $48,000 $6,100 $41,900
2015 -- $48,000 $6,100 $41,900
2014 -- $48,000 $6,100 $41,900
Source: Public Records

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Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1455513

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-033-0001-024-000-0000