NOT LISTED FOR SALE

531 2nd Ave Olean, NY 14760

Estimated Value: $106,000 - $128,000

3 Beds
2 Baths
1,766 Sq Ft
$65/Sq Ft Est. Value

Last Sold December 15, 2014

Last sale price $49,000 $28 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $739/month

110 Days on Market

Highlights

  • Barn
  • Thermal Windows
  • Porch
  • Cathedral Ceiling
  • Skylights
  • 2 Car Attached Garage

About This Home

As of December 2014

Unique 2-3 bedroom home with lots of modern updates. Beautiful cathedral ceiling kitchen area with skylights. Large area to work in. Pantry and a laundry room. Back area is another area for a 1st floor bedroom or can be another family room. High eff furnace, Double length garage w garage door on each end, All new vinyl clad windows. This home is ready for your finishing touches. A must see if your looking in this price range. Wont last long!

Last Agent to Sell the Property

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925 Listed on: 05/21/2014

Last Buyer's Agent

Merilyn Mang

Listing by No Office Affiliation License #40MA0904168

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1890

Lot Details

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

Home Design

  • Block Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 1,766 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Thermal Windows
  • Combination Dining and Living Room
  • Pull Down Stairs to Attic
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Flooring

  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 2 Car Attached Garage
  • Stone Driveway

Outdoor Features

  • Shed
  • Porch

Schools

  • Olean Middle School
  • Olean Senior High School

Farming

  • Barn

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 041200-094-050-0001-029-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Additional Structures: Barn / Outbuilding, Shed/Storage
  • Age: 124
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 57000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 50
  • L P Per Acre: 379333.3300
  • List Price per Sq Ft: 32.2197
  • Nearest Cross Street: Genesee
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 326666.67
  • Ratio Close Price By Sq Ft: 27.75
  • Ratio List Price By Acres: 379333.33
  • Ratio List Price By Sq Ft: 32.22
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1405
  • Sale Price List Price: 0.8611
  • S P Per Acre: 326666.6700
  • S P Per Sq Ft: 27.7500
  • Styles of Residence: 2 Story
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 56900.00
  • Year Built Description: Existing
  • Age of Building: 133
  • Year Built: 1890
  • Directions To Property: Last block of 2nd avenue
  • WaterRelatedFeatures: Other - See Remarks
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Cathedral Ceiling, Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Skylight
  • Additional Rooms: 1st Floor Bedroom, Laundry-1st Floor, Living Room, Porch - Open
  • Attic Description: Pull Down Stairs
  • Basement Description: Exterior Walkout, Partial
  • Floor Description: Laminate-Some, Linoleum/Vinyl
  • Kitchen Dining Description: Breakfast Bar, Eat-In, Living/Dining Combo, Pantry
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 9
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1766

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Thermal Windows - Some
  • Number of Acres: 0.1500

Garage/Parking

  • Driveway Description: Concrete, Stone/Gravel
  • Garage Description: Attached
  • Number of Garage Spaces: 2.0000

Utilities

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

Condo/Co-op/Association

  • HOA Payment Frequency: None

Schools

  • School District: Olean
  • Elementary School: Other - See Remarks
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-050-0001-029-000-0000

Tax Info

  • Total Taxes: 2977

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2018
Sold by
Peters Richard
Bought by
Peters Richard
Current Estimated Value
$114,987

Purchase Details

Listed on
May 21, 2014
Closed on
Dec 15, 2014
Sold by
Lewis Paul A
Bought by
Peters Richard D
Seller's Agent
Joseph Chamberlain
No Office Affiliation
Buyer's Agent
Merilyn Mang
No Office Affiliation
List Price
$56,900
Sold Price
$49,000
Premium/Discount to List
-$7,900
-13.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Source: Public Records

Range of Values:

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Average Value
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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
Peters Richard -- None Available
Peters Richard -- None Available
Peters Richard D -- --
Peters Richard D $51,940 Gregory E. Shemeld
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2014 12/15/14 Sold $49,000 -13.9% $28 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $56,900 -- $32 / 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 $1,582 $57,000 $5,100 $51,900
2023 $2,146 $57,000 $5,100 $51,900
2022 $2,177 $57,000 $5,100 $51,900
2021 $2,240 $57,000 $5,100 $51,900
2020 $1,614 $57,000 $5,100 $51,900
2019 $856 $57,000 $5,100 $51,900
2018 $2,433 $57,000 $5,100 $51,900
2017 $1,634 $57,000 $5,100 $51,900
2016 $1,591 $57,000 $5,100 $51,900
2015 -- $57,000 $5,100 $51,900
2014 -- $57,000 $5,100 $51,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B452249

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-050-0001-029-000-0000