Aimee Campbell
Responds Quickly
Empire Realty Group
(585) 565-5382
157 Total Sales
1 in Olean
$155,000 Price
514 3rd Ave Olean, NY 14760
Olean AreaEstimated Value: $106,000 - $132,299
5
Beds
2
Baths
2,274
Sq Ft
$53/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Forced Air Heating System
- Rectangular Lot
- Patio
- High Speed Internet
- Carpet
About This Home
As of June 2025Beautifully renovated duplex in a prime location near Olean General Hospital, making it a fantastic investment for an Airbnb, rental, or owner-occupied home. With a newer asphalt roof and a brand-new rubber roof on the flat portion, this property has been completely updated, featuring all-new electric, a brand-new hot water tank, and LVT flooring and carpet throughout. Both units are freshly painted and include newer vinyl windows, with the upstairs unit boasting a charming porch. The dry, spacious basement offers excellent storage or potential additional living space, while the newly roofed shed and blacktop driveway provide ample off-street parking. Situated in a cute, quiet neighborhood with new exterior flood lighting for added security and convenience, this duplex is an incredible opportunity. Its unbeatable location near the hospital makes it ideal for traveling medical professionals, short-term renters, or long-term tenants—don't miss out on this move-in-ready gem!
Last Agent to Sell the Property
Listing by HUNT Real Estate ERA Brokerage Phone: 716-866-7604 License #10401392539 Listed on: 03/14/2025
Last Buyer's Agent
Listing by HUNT Real Estate ERA Brokerage Phone: 716-866-7604 License #10401392539 Listed on: 03/14/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,590
Year Built
- Built in 1900
Lot Details
- 6,695 Sq Ft Lot
- Lot Dimensions are 51x130
- Rectangular Lot
Home Design
- Duplex
- Brick Exterior Construction
- Poured Concrete
- Vinyl Siding
Interior Spaces
- 2,274 Sq Ft Home
- 2-Story Property
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- Parking Available
- Paved Parking
Utilities
- Forced Air Heating System
- Space Heater
- Heating System Uses Gas
- PEX Plumbing
- Gas Water Heater
- High Speed Internet
Additional Features
- Patio
- Property is near public transit
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 76
- Assessor Parcel Number 041200-094-050-0003-076-000-0000
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 14, 2025
Closed on
May 29, 2025
Sold by
Bought by
Seller's Agent
Mason Meggo
HUNT Real Estate ERA
Buyer's Agent
Mason Meggo
HUNT Real Estate ERA
List Price
$119,900
Sold Price
$124,900
Premium/Discount to List
$5,000
4.17%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,325
Avg. Annual Appreciation
-3.57%
Original Mortgage
$99,920
Outstanding Balance
$98,781
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$20,794
Purchase Details
Closed on
Feb 23, 2024
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.38%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Aug 29, 2023
Sold by
Bought by
Purchase Details
Closed on
Jul 14, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,002
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Olean, NY
-
Aimee Campbell
-
Caitlin Croft
Caitlin Croft
Iconic Real Estate
(716) 221-8308
84 Total Sales
6 in Olean
$142K - $218K Price Range
-
Heather Chase
Heather Chase
ERA Team VP Real Estate
(878) 217-7080
146 Total Sales
4 in Olean
$100K - $200K Price Range
-
Anthony Dubreville
Anthony Dubreville
Keller Williams Realty WNY
(716) 221-8737
105 Total Sales
2 in Olean
$26,000 Price Range
-
Jonas Willson
Jonas Willson
Genesee River Realty
(585) 648-5008
88 Total Sales
1 in Olean
$18,000 Price
-
James Klossner
James Klossner
Whitetail Properties Real Estate, LLC
(585) 627-0630
91 Total Sales
1 in Olean
$105,000 Price
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $125,000 | None Available | ||
| -- | None Available | ||
| $85,000 | None Available | ||
| $63,500 | Daniel Palumbo |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $99,920 | ||
| Previous Owner | $180,000 | ||
| Previous Owner | $54,400 | ||
| Closed | $56,030 | ||
| Closed | $63,002 |
Source: Public Records
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Sold | $124,900 | +4.2% | $55 / Sq Ft |
| 03/26/2025 03/26/25 | Pending | -- | -- | -- |
| 03/14/2025 03/14/25 | For Sale | $119,900 | -- | $53 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax 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.
| 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 | $2,111 | $55,000 | $5,200 | $49,800 |
| 2024 | $3,478 | $55,000 | $5,200 | $49,800 |
| 2023 | $2,071 | $55,000 | $5,200 | $49,800 |
| 2022 | $2,101 | $55,000 | $5,200 | $49,800 |
| 2021 | $2,161 | $55,000 | $5,200 | $49,800 |
| 2020 | $1,535 | $55,000 | $5,200 | $49,800 |
| 2019 | $826 | $55,000 | $5,200 | $49,800 |
| 2018 | $2,326 | $55,000 | $5,200 | $49,800 |
| 2017 | $1,553 | $55,000 | $5,200 | $49,800 |
| 2016 | $2,322 | $55,000 | $5,200 | $49,800 |
| 2015 | -- | $55,000 | $5,200 | $49,800 |
| 2014 | -- | $55,000 | $5,200 | $49,800 |
Source: Public Records
Agents Affiliated with this Home
-
Mason Meggo
M
Seller's Agent in 2025
Mason Meggo
Hunt Real Estate
(716) 866-7604
11 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1592848
APN: 041200-094-050-0003-076-000-0000
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