$85,000
SOLD OCT 5, 2015

521 2nd Ave Olean, NY 14760

-- Bed
-- Bath
3,202 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

32% Below List Price

557 Days on Market

About This Home

As of September 2020

Large 4 unit property close to hospital. 3 units in main house and a larger apartment in back of house. The main house has been remodeled 100% and there has been installed 3 new furnaces. Lots of room in driveway for tenants. 2 hookups in basement for laundry. 3 New hotwater tanks also. 1975.00 income per month currently

Last Agent to Sell the Property

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925 Listed on: 01/21/2014

Last Buyer's Agent

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,651

Year Built

  • Built in 1910

Lot Details

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

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 3,202 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole

Kitchen

  • Gas Cooktop
  • Range Hood

Parking

  • No Garage
  • Stone Driveway

Schools

  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes no utilities
  • Assessor Parcel Number 041200-094-050-0001-031-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,651

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Age: 104
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 90000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • L P Per Acre: 666666.6700
  • List Price per Sq Ft: 31.2304
  • Nearest Cross Street: Center
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 566666.67
  • Ratio Close Price By Sq Ft: 26.55
  • Ratio List Price By Acres: 666666.67
  • Ratio List Price By Sq Ft: 31.23
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: No Utilities
  • School Tax: 2219
  • Sale Price List Price: 0.8500
  • S P Per Acre: 566666.6700
  • S P Per Sq Ft: 26.5500
  • Sub Board Code: Buffalo
  • Type of Residence: 4 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 100000.00
  • Year Built Description: Existing
  • Age of Building: 113
  • Year Built: 1910
  • Directions To Property: Front street to second avenue. House is on left second block
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Gas, Range Hood-Exhaust Fan
  • Number of Rooms: 18
  • Total Sq Ft: 3202

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1500

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 4
  • Parking Driveway: 2 or More Spaces, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Separate Utilities: Electricity, Gas, Heat, Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-050-0001-031-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 4651

MLS Schools

  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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
08/01/2015 08/01/15 Pending -- -- --
01/21/2014 01/21/14 For Sale $125,000 -- $39 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: B444594

Western New York Real Estate Information Services (WNYREIS)