$30,000
SOLD DEC 1, 2025

557 Indiana Ave Olean, NY 14760

3 Beds
1 Bath
1,224 Sq Ft
0.59 Acres

Recently Sold

$25 Per Sq Ft

14% Below List Price

16 Days on Market

Highlights

  • 0.59 Acre Lot
  • Library
  • Carpet
  • 2 Car Detached Garage
  • Rectangular Lot
  • Heating System Uses Gas

About This Home

As of December 2025

This 3 bedroom, 1 bathroom home offers plenty of potential for the right buyer. Situated on an approximately 0.59-acre lot (83x312 ft), the property provides ample outdoor space in a nice location. The home itself is in need of significant repairs and updates, making it an excellent opportunity for investors, contractors, or anyone looking for a project. A 2-car detached garage adds extra storage and convenience. With its generous lot size and solid bones, this property could be transformed into a charming residence or investment property.

Last Agent to Sell the Property

Regis Handley

Listing by Howard Hanna Professionals - Olean Brokerage Phone: 716-307-9256 License #10301215129 Listed on: 09/10/2025

Howard Hanna Professionals - Olean

Last Buyer's Agent

Brad Johnson

Listing by EXP-Premier Listings Team License #10401379585

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 83x312
  • Rectangular Lot

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Dirt Driveway

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,224 Sq Ft Home
  • 2-Story Property
  • Library
  • Partial Basement

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating System Uses Gas
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 041200-094-082-0003-008-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1935
  • Attribution Contact: 716-307-9256
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Architectural Style: Two Story
  • Flooring: Carpet, Laminate, Varies
  • Garage Yn: Yes
  • Interior Features: Library, Other, See Remarks
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Appliances Negotiable, Gas Water Heater
  • Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.5945
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Concrete Driveway, Dirt Driveway, Gravel Driveway
  • Foundation Details: Block

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage

Utilities

  • Heating: Gas, Wall Furnace
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-082-0003-008-000-0000
  • Lot Dimensions: 83X312
  • Lot Size Sq Ft: 25896.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2187.0
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2025
Closed on
Nov 12, 2025
Sold by
Morrison William E
Bought by
Ramotar Amrit
Seller's Agent
Regis Handley
Howard Hanna Professionals - Olean
Buyer's Agent
Brad Johnson
EXP-Premier Listings Team
List Price
$35,000
Sold Price
$30,000
Premium/Discount to List
-$5,000
-14.29%
Views
835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2115.04%

Purchase Details

Closed on
Jul 30, 2024
Sold by
Coulmas Robyn and Morrison William E
Bought by
Morrison William E

Purchase Details

Closed on
Aug 30, 2016
Sold by
Fye Kathy
Bought by
Morrison William

Purchase Details

Closed on
May 3, 2015
Sold by
Fye David J
Bought by
Morrison William E. and Morrison ,

Purchase Details

Closed on
Dec 14, 1998
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 Type Sale Price Title Company
Warranty Deed $320 --
Warranty Deed -- None Available
Deed -- --
Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 Sold $30,000 -14.3% $25 / Sq Ft
09/26/2025 09/26/25 Pending -- -- --
09/10/2025 09/10/25 For Sale $35,000 -- $29 / 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
2024 $2,466 $39,000 $25,800 $13,200
2023 $1,468 $39,000 $25,800 $13,200
2022 $1,489 $39,000 $25,800 $13,200
2021 $1,533 $39,000 $25,800 $13,200
2020 $3,321 $39,000 $25,800 $13,200
2019 $585 $39,000 $25,800 $13,200
2018 $3,855 $39,000 $25,800 $13,200
2017 $2,701 $39,000 $25,800 $13,200
2016 $2,675 $39,000 $25,800 $13,200
2015 -- $39,000 $25,800 $13,200
2014 -- $39,000 $25,800 $13,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1637196

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-082-0003-008-000-0000