NOT LISTED FOR SALE

554 Prospect Ave Olean, NY 14760

Estimated Value: $142,000 - $150,936

3 Beds
2 Baths
1,496 Sq Ft
$97/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $81,000 $54 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $906/month

219 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Living Room
  • Formal Dining Room
  • Forced Air Cooling System
  • Family Room

About This Home

As of September 2020

Move in ready 3 bedroom, 2 full bath East Olean home. Family room with gas stove. Spacious kitchen, 1st floor laundry. New carpeting and some rooms freshly repainted. Vinyl siding, replacement windows, and new metal roof. Covered patio with porch swing. Extra large lot with storage shed, fire pit, and creek. All appliances included. New hot water heater in 2019.

Last Agent to Sell the Property

Mary Karst

Listing by Howard Hanna Professionals - Olean License #30KA0826754 Listed on: 11/18/2019

Howard Hanna Professionals - Olean

Last Buyer's Agent

Ciji VanDyke

Listing by RE/MAX On Point License #40SH1133987

RE/MAX On Point

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1909

Lot Details

  • 8,428 Sq Ft Lot
  • Lot Dimensions are 210 x 40

Parking

  • 1 Car Attached Garage

Home Design

  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,496 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Formal Dining Room
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole

Kitchen

  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Utilities

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

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 041200-094-058-0002-013-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 88500
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 210
  • Lot Dimension Front: 40
  • Lot Information: Neighborhood Street
  • Lot Number: 13
  • Nearest Cross Street: GRANDVIEW AVE
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 418604.65
  • Ratio Close Price By Sq Ft: 54.14
  • Ratio List Price By Acres: 464599.48
  • Ratio List Price By Sq Ft: 60.09
  • Regional Board Code: Rochester
  • School Tax: 2328
  • Styles of Residence: 2 Story
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 8428
  • Age of Building: 113
  • Year Built: 1909
  • Directions To Property: FRONT STREET TO PROSPECT AVE
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1909

Interior Features

  • Full Bathrooms: 2
  • Additional Rooms: Family Room, Laundry-1st Floor, Living Room
  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Laminate-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Cooktop - Electric, Dishwasher, Dryer, Oven/Range Built-In, Refrigerator, Washer
  • Kitchen Dining Description: Formal Dining Room
  • Number of Bedrooms 2nd Floor: 3
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 7
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1496

Exterior Features

  • Construction: Vinyl
  • Number of Acres: 0.1935

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: Attached
  • Number of Garage Spaces: 1.0000

Utilities

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

Lot Info

  • Parcel Number: 041200-094-058-0002-013-000-0000

Tax Info

  • Total Taxes: 4828

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2013
Closed on
Jul 7, 2014
Sold by
Brockel Janice
Bought by
Stephenson Chad
Seller's Agent
Mary Karst
Howard Hanna Professionals - Olean
Buyer's Agent
Darcy Branch
No Office Affiliation
List Price
$79,900
Sold Price
$64,500
Premium/Discount to List
-$15,400
-19.27%
Current Estimated Value
$144,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,234
Avg. Annual Appreciation
7.31%
Original Mortgage
$52,600
Outstanding Balance
$40,066
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$104,669
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stephenson Chad $64,500 Daniel Derose
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephenson Chad $52,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2020 09/01/20 Sold $81,000 -9.9% $54 / Sq Ft
07/22/2020 07/22/20 For Sale $89,900 +11.0% $60 / Sq Ft
07/18/2020 07/18/20 Off Market $81,000 -- --
06/29/2020 06/29/20 For Sale $89,900 0.0% $60 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $89,900 0.0% $60 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
01/02/2020 01/02/20 For Sale $89,900 +11.0% $60 / Sq Ft
12/31/2019 12/31/19 Off Market $81,000 -- --
11/18/2019 11/18/19 For Sale $89,900 +39.4% $60 / Sq Ft
07/14/2014 07/14/14 Sold $64,500 -19.3% $43 / Sq Ft View Prior Sale
04/05/2014 04/05/14 Pending -- -- --
08/02/2013 08/02/13 For Sale $79,900 -- $53 / 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 $5,596 $88,500 $12,600 $75,900
2023 $3,332 $88,500 $12,600 $75,900
2022 $3,380 $88,500 $12,600 $75,900
2021 $3,478 $88,500 $12,600 $75,900
2020 $3,502 $88,500 $12,600 $75,900
2019 $1,328 $88,500 $12,600 $75,900
2018 $4,774 $88,500 $12,600 $75,900
2017 $3,587 $88,500 $12,600 $75,900
2016 $3,548 $88,500 $12,600 $75,900
2015 -- $88,500 $12,600 $75,900
2014 -- $88,500 $12,600 $75,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mary Karst

    Howard Hanna

    Section Image
  • Ciji VanDyke

    Buyer's Agent in 2020

    Ciji VanDyke

    RE/MAX

    (716) 244-8924

    46 in this area

    290 Total Sales

    Ciji VanDyke
    Section Image

  • D

    Buyer's Agent in 2014

    Darcy Branch

    No Office Affiliation

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1238941

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-058-0002-013-000-0000

New York Cattaraugus County Olean 14760

554 Prospect Ave, Olean, NY

Not Listed for Sale

Detached

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