NOT LISTED FOR SALE

516 N 7th St Olean, NY 14760

Estimated Value: $40,000 - $81,000

2 Beds
1 Bath
789 Sq Ft
$70/Sq Ft Est. Value

Last Sold November 25, 2024

Last sale price $40,000 $51 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $351/month

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 - Olean Brokerage Phone: 716-307-7169 License #40SK1093971 Listed on: 08/01/2024

Howard Hanna Professionals - Olean

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Nov 19, 2024
Sold by
Tarr Sandra R Est and Tarr
Bought by
Jawa Llc
Seller's Agent
John Skadowski
Howard Hanna Professionals - Olean
Buyer's Agent
Kamille Connelly
Premier Listings Real Estate
List Price
$53,900
Sold Price
$40,000
Premium/Discount to List
-$13,900
-25.79%
Views
41
Current Estimated Value
$54,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,952
Avg. Annual Appreciation
74.57%
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 Buyer Sale Price Title Company
Jawa Llc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tarr Leslie P $30,000
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 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 $543 $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

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1550227

Chautauqua-Cattaraugus Board of REALTORS®

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