NOT LISTED FOR SALE

531 Ho Sta Geh Rd Olean, NY 14760

Estimated Value: $71,000 - $111,000

2 Beds
1 Bath
774 Sq Ft
$120/Sq Ft Est. Value

Sale Details

Date Sold: October 6, 2022

Last sale price $49,900 $64 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $720 / mo

10 Days on Market

Highlights

  • 1.14 Acre Lot
  • Main Floor Bedroom
  • Porch
  • Wood Flooring
  • 1 Car Detached Garage
  • Eat-In Kitchen

About This Home

As of October 2022

Great ranch home sits on over 1 acre at the top of Rock City. This home has an eat-in kitchen, first-floor laundry/mud room, two bedrooms, and a large living room that leads out to the expansive back porch with a great view of the yard. The bathroom is unfinished, and the house could use some updates, this is a great fixer-upper and a must-see!! Detached garage that has additional room for storage or a workshop. Property sold AS-IS

Last Agent to Sell the Property

Regis Handley

Listing by Howard Hanna Professionals - Olean License #10301215129 Listed on: 06/28/2022

Howard Hanna Professionals - Olean

Last Buyer's Agent

Carol Thomas

Listing by Howard Hanna Professionals - Ellicottville License #30TH0755390

Howard Hanna Professionals - Ellicottville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,734

Year Built

  • Built in 1930

Lot Details

  • 1.14 Acre Lot
  • Lot Dimensions are 147x347

Parking

  • 1 Car Detached Garage
  • Gravel Driveway
  • Dirt Driveway

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 774 Sq Ft Home
  • 1-Story Property
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 042089-112-001-0001-011-002-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,734

Year Built

Built in 1930

Lot Details

1.14 Acres

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1930
  • ResoLaundryFeatures: Main Level
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Directions: Rt 16 to Ho-Sta-Geh Rd, Property is on the left
  • Architectural Style: Ranch
  • Flooring: Carpet, Hardwood, Laminate, Varies
  • Garage Yn: Yes
  • Interior Features: Eat-in Kitchen, Bedroom on Main Level
  • Unit Levels: One
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Gas Water Heater, Refrigerator, Washer
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Stories: 1
  • Stories: 1

Exterior Features

  • Acres: 1.14
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Dirt Driveway, Gravel Driveway
  • Foundation Details: Block
  • Patio And Porch Features: Open, Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Allegany-Limestone

Lot Info

  • Parcel Number: 042089-112-001-0001-011-002-0000
  • Lot Dimensions: 147X347
  • Lot Size Sq Ft: 49658.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1734.0
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Sep 29, 2022
Sold by
Wolfe Bernard T Jr Est
Bought by
Gertsch Kevin E
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Carol Thomas
Howard Hanna Professionals - Ellicottville
List Price
$49,900
Sold Price
$49,900
Current Estimated Value
$92,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,780
Avg. Annual Appreciation
18.77%
Original Mortgage
$38,400
Outstanding Balance
$36,386
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$56,294

Purchase Details

Closed on
Jun 19, 2002
Sold by
Referee-Ploetz Ronald D
Bought by
Olean Area Federal Cu

Purchase Details

Closed on
Oct 29, 1997
Sold by
Estate Wetherby Jean
Bought by
Smith Stephen L
Source: Public Records
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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
Gertsch Kevin E $49,900 None Available
Olean Area Federal Cu $30,000 Daniel R Palumbo
Smith Stephen L $33,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gertsch Kevin E $38,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2022 10/06/22 Sold $49,900 0.0% $64 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $49,900 -- $64 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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
2025 $2,712 $53,000 $13,300 $39,700
2024 $1,817 $53,000 $13,300 $39,700
2023 $1,816 $53,000 $13,300 $39,700
2022 $1,718 $53,000 $13,300 $39,700
2021 $1,737 $53,000 $13,300 $39,700
2020 $969 $53,000 $13,300 $39,700
2019 $614 $53,000 $13,300 $39,700
2018 $993 $53,000 $13,300 $39,700
2017 $627 $32,000 $10,200 $21,800
2016 $614 $32,000 $10,200 $21,800
2015 -- $32,000 $10,200 $21,800
2014 -- $32,000 $10,200 $21,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1417026

Chautauqua-Cattaraugus Board of REALTORS®

APN: 042089-112-001-0001-011-002-0000

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