Caitlin Croft
Iconic Real Estate
(716) 221-8308
84 Total Sales
6 in Olean
$142K - $218K Price Range
521 2nd Ave Olean, NY 14760
Olean Area
--
Bed
--
Bath
3,202
Sq Ft
6,500
Sq Ft Lot
Highlights
- Forced Air Heating System
- High Speed Internet
- Carpet
- Ceiling Fan
About This Home
As of September 2020High-income four-unit rental property. All separate utilities that the tenants pay for. 12%+ cap rate (~$1,200 in insurance, vacancy expense of 10%, operating expense of 10%, and taxes. The units are well taken care of and feature newer systems. Due to the Coronavirus outbreak, showings will not be allowed. Attempts at virtual showings are not guaranteed.
Last Agent to Sell the Property
Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 04/08/2020
Last Buyer's Agent
Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 04/08/2020
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 6,500 Sq Ft Lot
- Lot Dimensions are 50x130
Parking
- Gravel Driveway
Home Design
- Quadruplex
- Vinyl Siding
Interior Spaces
- 3,202 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Laminate
Schools
- East View Elementary School
- Olean Middle School
- Olean Senior High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- 4 Units
- 4 Separate Gas Meters
Listing and Financial Details
- Tenant pays for all utilities
- Rent includes gardener
- Tax Lot 31
- Assessor Parcel Number 041200-094-050-0001-031-000-0000
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
Closed on
May 2, 2022
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
$501,600
Outstanding Balance
$463,328
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Apr 8, 2020
Closed on
Aug 31, 2020
Sold by
Bought by
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$139,900
Sold Price
$80,000
Premium/Discount to List
-$59,900
-42.82%
Purchase Details
Listed on
Jan 21, 2014
Closed on
Oct 5, 2015
Sold by
Bought by
Seller's Agent
Joseph Chamberlain
No Office Affiliation
Buyer's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
List Price
$125,000
Sold Price
$85,000
Premium/Discount to List
-$40,000
-32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.22%
Original Mortgage
$63,750
Interest Rate
3.88%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Olean, NY
-
Caitlin Croft
-
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
-
Regis Handley
Regis Handley
Howard Hanna Professionals - Olean
(585) 378-5525
229 Total Sales
127 in Olean
$20K - $450K Price Range
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 |
|---|---|---|---|
| $690,000 | None Available | ||
| -- | None Available | ||
| $85,000 | 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 | $501,600 | ||
| Closed | $63,750 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/14/2020 09/14/20 | Sold | $80,000 | -27.3% | $25 / Sq Ft | |
| 06/19/2020 06/19/20 | Pending | -- | -- | -- | |
| 05/20/2020 05/20/20 | Price Changed | $110,000 | -21.4% | $34 / Sq Ft | |
| 04/08/2020 04/08/20 | For Sale | $139,900 | +64.6% | $44 / Sq Ft | |
| 10/05/2015 10/05/15 | Sold | $85,000 | -32.0% | $27 / Sq Ft | View Prior Sale |
| 08/01/2015 08/01/15 | Pending | -- | -- | -- | |
| 01/21/2014 01/21/14 | For Sale | $125,000 | -- | $39 / Sq Ft |
Source: Chautauqua-Cattaraugus Board of REALTORS®
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 | $7,726 | $90,000 | $10,300 | $79,700 |
| 2024 | $5,691 | $90,000 | $10,300 | $79,700 |
| 2023 | $3,388 | $90,000 | $10,300 | $79,700 |
| 2022 | $3,437 | $90,000 | $10,300 | $79,700 |
| 2021 | $3,537 | $90,000 | $10,300 | $79,700 |
| 2020 | $8,333 | $90,000 | $10,300 | $79,700 |
| 2019 | $1,947 | $90,000 | $10,300 | $79,700 |
| 2018 | $5,076 | $90,000 | $10,300 | $79,700 |
| 2017 | $3,648 | $90,000 | $10,300 | $79,700 |
| 2016 | $3,608 | $90,000 | $10,300 | $79,700 |
| 2015 | -- | $90,000 | $10,300 | $79,700 |
| 2014 | -- | $90,000 | $10,300 | $79,700 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Pezzimenti
Seller's Agent in 2020
Paul Pezzimenti
Howard Hanna
(716) 378-7039
338 Total Sales
-
J
Seller's Agent in 2015
Joseph Chamberlain
No Office Affiliation
Map
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1259806
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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