$40,000
SOLD NOV 25, 2024

516 N 7th St Olean, NY 14760

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

Recently Sold

$51 Per Sq Ft

26% Below List Price

77 Days on Market

Highlights

  • Main Floor Bedroom
  • Open Patio
  • Bungalow
  • Porch
  • Laundry Room
  • Forced Air Heating System

About This Home

As of November 2024

Charming single story home located on a dead end street within walking distance to Olean High and Middle schools, the YMCA and shopping. Relax on the covered front porch or enjoy the large back yard that is ideal for gardening or for family entertaining. Storage shed is ideal for your lawn mower and garden tools. Large concrete driveway would be perfect for a carport or garage.

Last Agent to Sell the Property

John Skadowski

Listing by Howard Hanna Professionals Brokerage Phone: 716-307-7169 License #40SK1093971

Howard Hanna Professionals

Last Buyer's Agent

Kamille Connelly

Listing by Premier Listings Real Estate License #10401357981

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,881

Year Built

  • Built in 1910

Lot Details

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

Home Design

  • Bungalow
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 789 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Laminate Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • No Garage
  • Driveway

Outdoor Features

  • Open Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 041200-094-048-0002-021-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,881

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1910
  • Attribution Contact: 716-307-7169
  • ResoLaundryFeatures: Main Level
  • Directions: Wayne Street to Seventh Street. Right on N Seventh Street House on left
  • Architectural Style: Bungalow
  • Flooring: Laminate, Varies
  • Garage Yn: No
  • Interior Features: Living/Dining Room, Bedroom on Main Level
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Total Bedrooms: 5
  • Stories: 1

Exterior Features

  • Acres: 0.1469
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Block
  • Patio And Porch Features: 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

Lot Info

  • Parcel Number: 041200-094-048-0002-021-000-0000
  • Lot Dimensions: 50X128
  • Lot Size Sq Ft: 6400.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1881.0
  • Tax Lot: 21

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $40,000 -19.8% $51 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
09/25/2024 09/25/24 Price Changed $49,900 -7.4% $63 / Sq Ft
09/09/2024 09/09/24 For Sale $53,900 0.0% $68 / Sq Ft
08/09/2024 08/09/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $53,900 -- $68 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $2,222 $35,000 $4,200 $30,800
2023 $1,318 $35,000 $4,200 $30,800
2022 $1,337 $35,000 $4,200 $30,800
2021 $1,375 $35,000 $4,200 $30,800
2020 $744 $35,000 $4,200 $30,800
2019 $785 $35,000 $4,200 $30,800
2018 $1,390 $35,000 $4,200 $30,800
2017 $743 $35,000 $4,200 $30,800
2016 $709 $35,000 $4,200 $30,800
2015 -- $35,000 $4,200 $30,800
2014 -- $35,000 $4,200 $30,800
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Executors Deed $40,000 None Available
Source: Public Records

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Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1550227

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-048-0002-021-000-0000