NOT LISTED FOR SALE

532 3rd Ave Olean, NY 14760

Estimated Value: $86,000 - $97,000

3 Beds
2 Baths
1,863 Sq Ft
$49/Sq Ft Est. Value

Last Sold November 23, 2015

Last sale price $31,000 $17 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $603/month

94 Days on Market

Highlights

  • Wood Flooring
  • Space Heater
  • Rectangular Lot

About This Home

As of November 2015

2 Units with 2 bedrooms and 1 full bath each plus full kitchens and living rooms. Built in 1891, this property has a lot of space. 3 car off street parking with detached 2 car garage. This property is priced to move. Being sold as is.

Last Listed By

Darcy Branch

Listing by No Office Affiliation License #40BR0766111 Listed on: 06/08/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1891

Lot Details

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

Interior Spaces

  • 1,863 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole

Kitchen

  • Free-Standing Range
  • Range Hood

Flooring

  • Wood
  • Laminate

Parking

  • 2 Car Garage
  • Stone Driveway

Utilities

  • Multiple Heating Units
  • Space Heater
  • Wall Furnace
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes no utilities
  • Assessor Parcel Number 041200-094-050-0003-080-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Age: 124
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 51000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Shape: Rectangular
  • L P Per Acre: 206666.6700
  • List Price per Sq Ft: 16.6398
  • Nearest Cross Street: Genesee
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 206666.67
  • Ratio Close Price By Sq Ft: 16.64
  • Ratio List Price By Acres: 206666.67
  • Ratio List Price By Sq Ft: 16.64
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: No Utilities
  • School Tax: 1287
  • Sale Price List Price: 1.0000
  • S P Per Acre: 206666.6700
  • S P Per Sq Ft: 16.6400
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 31000.00
  • Year Built Description: Existing
  • Age of Building: 131
  • Year Built: 1891
  • Directions To Property: Main Street to Genesee Street - Right onto Third Ave - house will be on the left hand side.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1891

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Laminate-Some, Wood-Some
  • Kitchen Appliances Included: Oven/Range Freestanding, Range Hood-Exhaust Fan
  • Number of Rooms: 9
  • Total Sq Ft: 1863

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1500

Garage/Parking

  • Number of Electric Meters: 1
  • Number of Garage Spaces: 2.0000
  • Parking Driveway: 2 or More Spaces, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Space Heater, Wall Furnace
  • Number of Gas Meters: 1
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-050-0003-080-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2693

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2024
Sold by
Cole Donald L
Bought by
Bartholomew Laurie
Total Days on Market
94
Current Estimated Value
$92,157

Purchase Details

Listed on
Jun 8, 2015
Closed on
Nov 16, 2015
Sold by
Timme Clarice G
Bought by
Cole Donald L
Seller's Agent
Darcy Branch
No Office Affiliation
Buyer's Agent
John Skadowski
Howard Hanna Professionals
List Price
$42,000
Sold Price
$31,000
Premium/Discount to List
-$11,000
-26.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.31%
Original Mortgage
$31,666
Interest Rate
3.79%
Mortgage Type
VA

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
Bartholomew Laurie -- None Available
Cole Donald L $31,000 Bronwyn Enders
Cole Donald L $31,000 Bronwyn Enders
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cole Donald L $31,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2015 11/23/15 Sold $31,000 -26.2% $17 / Sq Ft
09/10/2015 09/10/15 Pending -- -- --
06/08/2015 06/08/15 For Sale $42,000 -- $23 / 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 $3,238 $51,000 $5,100 $45,900
2023 $1,920 $51,000 $5,100 $45,900
2022 $1,948 $51,000 $5,100 $45,900
2021 $2,004 $51,000 $5,100 $45,900
2020 $2,018 $51,000 $5,100 $45,900
2019 $766 $51,000 $5,100 $45,900
2018 $2,751 $51,000 $5,100 $45,900
2017 $2,067 $51,000 $5,100 $45,900
2016 $2,045 $51,000 $5,100 $45,900
2015 -- $51,000 $5,100 $45,900
2014 -- $51,000 $5,100 $45,900
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B477147

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-050-0003-080-000-0000