$30,000
SOLD DEC 1, 2025

557 Indiana Ave Olean, NY 14760

3 Beds
1 Bath
1,224 Sq Ft
25,896 Sq Ft Lot

Sale Details

Date Sold: December 1, 2025

$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

  • 25,896 Sq Ft 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

0.59 Acres

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
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
Current Estimated Value
$76,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,805
Avg. Annual Appreciation
1367.17%

Purchase Details

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

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
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
2025 $2,466 $39,000 $25,800 $13,200
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

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