NOT LISTED FOR SALE

517 2nd Ave Olean, NY 14760

Estimated Value: $91,000 - $118,000

3 Beds
1.5 Baths
1,624 Sq Ft
$62/Sq Ft Est. Value

Last Sold July 05, 2012

Last sale price $37,500 $23 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $626/month

653 Days on Market

Highlights

  • Indoor Pool
  • 2 Car Detached Garage
  • Patio
  • Traditional Architecture
  • Eat-In Kitchen
  • Wall to Wall Carpet

About This Home

As of July 2012

Priced to Sell! Owners are anxious for an offer on this cozy 3 bedroom, 1.5 bath home in a great neighborhood. Laundry room and half bath on first floor. All new windows, newer roof, vinyl siding and a fenced yard with new vinyl fencing.B363262

Last Agent to Sell the Property

Mary Karst

Listing by Howard Hanna Professionals - Olean License #30KA0826754 Listed on: 05/17/2010

Howard Hanna Professionals - Olean

Last Buyer's Agent

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10491207167

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1890

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 130 x 50

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,624 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Partial Basement
  • Scuttle Attic Hole
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms

Pool

  • Indoor Pool
  • Above Ground Pool

Outdoor Features

  • Patio

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 041200-094-050-0001-032-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Age: 120
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 58000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • L P Per Acre: 332666.6700
  • List Price per Sq Ft: 30.7266
  • Nearest Cross Street: Center Street
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 250000.00
  • Ratio Close Price By Sq Ft: 23.09
  • Ratio List Price By Acres: 332666.67
  • Ratio List Price By Sq Ft: 30.73
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1318
  • Sale Price List Price: 0.7515
  • S P Per Acre: 250000.0000
  • S P Per Sq Ft: 23.0911
  • Styles of Residence: Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 49900.00
  • Year Built Description: Existing
  • Age of Building: 132
  • Year Built: 1890
  • Directions To Property: Main Street to Center Street turn onto 2nd ave.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Circuit Breakers - Some, Indoor Pool
  • Additional Rooms: Laundry-1st Floor
  • Attic Description: Scuttle Access
  • Basement Description: Partial
  • Floor Description: Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Gas
  • Kitchen Dining Description: Eat-In
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Artificial: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 1.10
  • Total Bedrooms: 3
  • Total Sq Ft: 1624

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Patio, Pool-Above Ground
  • Number of Acres: 0.1500

Garage/Parking

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

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Hot Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-050-0001-032-000-0000

Tax Info

  • Total Taxes: 2862

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2020
Sold by
Farleo Kelly A and Button Kelly A
Bought by
Farleo Jon M and Farleo Kelly A
Current Estimated Value
$100,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$8,896
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$91,513

Purchase Details

Listed on
May 17, 2010
Closed on
Jul 2, 2012
Sold by
Cotton Mark
Bought by
Button Kelly
Seller's Agent
Mary Karst
Howard Hanna Professionals - Olean
Buyer's Agent
Dennis Pezzimenti
Howard Hanna Professionals - Olean
List Price
$69,000
Sold Price
$37,500
Premium/Discount to List
-$31,500
-45.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Original Mortgage
$47,959
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Farleo Jon M -- None Available
Button Kelly $37,500 Gregory Shemeld
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farleo Jon M $40,000
Previous Owner Button Kelly $47,959
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2012 07/05/12 Sold $37,500 -45.7% $23 / Sq Ft
02/29/2012 02/29/12 Pending -- -- --
05/17/2010 05/17/10 For Sale $69,000 -- $42 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $3,667 $58,000 $5,100 $52,900
2023 $2,184 $58,000 $5,100 $52,900
2022 $2,215 $58,000 $5,100 $52,900
2021 $2,279 $58,000 $5,100 $52,900
2020 $1,654 $58,000 $5,100 $52,900
2019 $871 $58,000 $5,100 $52,900
2018 $2,487 $58,000 $5,100 $52,900
2017 $1,675 $58,000 $5,100 $52,900
2016 $1,631 $58,000 $5,100 $52,900
2015 -- $58,000 $5,100 $52,900
2014 -- $58,000 $5,100 $52,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B363262

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-050-0001-032-000-0000