NOT LISTED FOR SALE

533 3rd Ave Olean, NY 14760

Estimated Value: $61,000 - $98,000

4 Beds
3 Baths
2,544 Sq Ft
$29/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $58,000 $23 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $483/month

5 Days on Market

Highlights

  • Finished Attic
  • High Speed Internet
  • Wall to Wall Carpet
  • Space Heater
  • Rectangular Lot

About This Home

As of June 2021

This three unit dwelling is a great investment in the Boardmanville area. All three units are rented and ready to go. There are two 2 bedroom and one 1 bedroom units. The roofs are newer.

Last Agent to Sell the Property

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867 Listed on: 03/31/2021

Howard Hanna Professionals - Olean

Last Buyer's Agent

Regis Handley

Listing by Howard Hanna Professionals - Olean License #10301215129

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $926

Year Built

  • Built in 1890

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 130 x 50
  • Rectangular Lot

Parking

  • Stone Driveway

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,544 Sq Ft Home
  • 2-Story Property
  • Partial Basement
  • Finished Attic

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • East View Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Multiple Heating Units
  • Space Heater
  • Gravity Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 9
  • Assessor Parcel Number 041200-094-050-0001-009-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$926

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 17000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 130
  • Lot Dimension Front: 50
  • Lot Information: Neighborhood Street
  • Lot Number: 9
  • Lot Shape: Rectangular
  • Nearest Cross Street: Genesee Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 388739.95
  • Ratio Close Price By Sq Ft: 22.80
  • Ratio List Price By Acres: 401474.53
  • Ratio List Price By Sq Ft: 23.55
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • Roof Description: Shingles
  • School Tax: 449
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 6500
  • Age of Building: 132
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 2544
  • Directions To Property: On Third Avenue.
  • Sq Ft Total Pub: 2544
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Attic Description: Finished
  • Basement Description: Partial
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2544

Exterior Features

  • Construction: Vinyl, Wood
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Number of Acres: 0.1492

Garage/Parking

  • Number of Electric Meters: 3
  • Parking Driveway: 1 Space, Stone/Gravel

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Gravity, Space Heater
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-050-0001-009-000-0000

Rental Info

  • Certificate of Occupancy: Supplied

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 926

MLS Schools

  • Elementary School Name: East View Elementary
  • 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

Listed on
Mar 31, 2021
Closed on
Jun 10, 2021
Sold by
Alanew Llc
Bought by
Russell Rentals Llc
Seller's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
Buyer's Agent
Regis Handley
Howard Hanna Professionals - Olean
List Price
$59,900
Sold Price
$58,000
Premium/Discount to List
-$1,900
-3.17%
Current Estimated Value
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,000
Avg. Annual Appreciation
5.86%

Purchase Details

Closed on
Nov 1, 2013
Sold by
Hurd Michele L
Bought by
Alanew Llc

Purchase Details

Closed on
Oct 30, 2012
Sold by
Baader Philip
Bought by
Hurd Michele
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Russell Rentals Llc $88,000 None Available
Alanew Llc $12,000 Daniel Palumbo
Hurd Michele -- Daniel Palumbo
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $58,000 -3.2% $23 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $59,900 -- $24 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $1,075 $17,000 $5,100 $11,900
2023 $640 $17,000 $5,100 $11,900
2022 $649 $17,000 $5,100 $11,900
2021 $668 $17,000 $5,100 $11,900
2020 $673 $17,000 $5,100 $11,900
2019 $286 $17,000 $5,100 $11,900
2018 $917 $17,000 $5,100 $11,900
2017 $689 $17,000 $5,100 $11,900
2016 $682 $17,000 $5,100 $11,900
2015 -- $17,000 $5,100 $11,900
2014 -- $17,000 $5,100 $11,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1326574

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-050-0001-009-000-0000