$40,000
SOLD FEB 21, 2017

525 E Spring St Olean, NY 14760

3 Beds
1 Bath
893 Sq Ft
7,667 Sq Ft Lot

Recently Sold

$45 Per Sq Ft

13% Below List Price

35 Days on Market

About This Home

As of August 2021

This quaint 3 bedroom ranch is a must see. Perfect for downsizing or starting out. The property is priced to sell, call before it is too late!

Last Agent to Sell the Property

Regis Handley

Listing by Howard Hanna Professionals - Olean License #10301215129 Listed on: 10/13/2016

Howard Hanna Professionals - Olean

Last Buyer's Agent

Karen Callahan

Listing by RE/MAX On Point License #10401294365

RE/MAX On Point

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,190

Year Built

1955

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 50000
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 142
  • Lot Dimension Front: 54
  • Lot Information: Neighborhood Street
  • Nearest Cross Street: Front St
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 227272.73
  • Ratio Close Price By Sq Ft: 44.79
  • Ratio List Price By Acres: 260795.45
  • Ratio List Price By Sq Ft: 51.40
  • Regional Board Code: Buffalo
  • School Tax: 1305
  • Styles of Residence: Ranch
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7668
  • Age of Building: 67
  • Year Built: 1955
  • Directions To Property: Take Front street to Spring St, house is on the left.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1955

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Circuit Breakers - Some
  • Additional Rooms: 1st Floor Bedroom, Laundry-1st Floor, Porch - Enclosed
  • Attic Description: Scuttle Access
  • Basement Description: Slab
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dryer, Oven/Range Built-In
  • Number of Bedrooms 1st Floor: 3
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 5
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 893

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: High Speed Internet, Partially Fenced Yard, TV Antenna
  • Number of Acres: 0.1760

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: Carport

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Electric, Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-058-0006-014-000-0000

Tax Info

  • Total Taxes: 2708

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Simons Lynette and Belvees Phillip
Bought by
Hausner Cody T and Doty Jennifer M
Current Estimated Value
$101,919

Purchase Details

Listed on
Oct 13, 2016
Closed on
Feb 21, 2017
Sold by
Shewairy Nancy J
Bought by
Simons Lynette
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$45,900
Sold Price
$40,000
Premium/Discount to List
-$5,900
-12.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.59%
Original Mortgage
$39,275
Interest Rate
4.09%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 13, 2016
Closed on
Feb 14, 2017
Sold by
Shewairy Nancy J
Bought by
Simons Lynette
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Callahan
RE/MAX On Point
List Price
$45,900
Sold Price
$40,000
Premium/Discount to List
-$5,900
-12.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,275
Interest Rate
4.09%
Mortgage Type
FHA
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 Type Sale Price Title Company
Warranty Deed $80,000 None Available
Deed $40,000 None Available
Deed $40,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $39,275 FHA
Previous Owner $39,275 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $79,900 0.0% $89 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $79,900 +99.8% $89 / Sq Ft
04/13/2017 04/13/17 Off Market $40,000 -- --
02/21/2017 02/21/17 Sold $40,000 -12.9% $45 / Sq Ft
11/17/2016 11/17/16 Pending -- -- --
10/18/2016 10/18/16 For Sale $45,900 0.0% $51 / Sq Ft
10/13/2016 10/13/16 For Sale $45,900 -- $51 / 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 $2,190 $58,000 $5,500 $52,500
2023 $2,184 $58,000 $5,500 $52,500
2022 $2,215 $58,000 $5,500 $52,500
2021 $1,965 $50,000 $5,500 $44,500
2020 $1,978 $50,000 $5,500 $44,500
2019 $751 $50,000 $5,500 $44,500
2018 $2,697 $50,000 $5,500 $44,500
2017 $2,027 $50,000 $5,500 $44,500
2016 $2,005 $50,000 $5,500 $44,500
2015 -- $50,000 $5,500 $44,500
2014 -- $50,000 $5,500 $44,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1007985

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-058-0006-014-000-0000