NOT LISTED FOR SALE

563 Martha Ave Olean, NY 14760

Estimated Value: $53,000 - $112,000

2 Beds
1 Bath
1,368 Sq Ft
$60/Sq Ft Est. Value

Last Sold September 20, 2021

Last sale price $55,000 $40 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $518/month

8 Days on Market

Highlights

  • A-Frame Home
  • Porch
  • Combination Dining and Living Room
  • Balcony
  • Shed
  • Wall to Wall Carpet

About This Home

As of September 2021

Great A-frame and a great price! Two bedroom, one bath home with a nice lot. Kitchen/dining combo and a HUGE living room, just waiting for the right family. Two bedrooms upstairs have a ton of storage/closets lining both walls. Both the front and the back of the house have balconies with sliding glass doors. Patio out back for grill and get togethers.

Last Agent to Sell the Property

Christine Young

Listing by Howard Hanna Professionals - Olean License #40YO1152644 Listed on: 06/13/2021

Howard Hanna Professionals - Olean

Last Buyer's Agent

Christine Young

Listing by Howard Hanna Professionals - Olean License #40YO1152644 Listed on: 06/13/2021

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,596

Year Built

  • Built in 1974

Lot Details

  • 7,740 Sq Ft Lot
  • Lot Dimensions are 129 x 60

Home Design

  • A-Frame Home
  • Shingle Roof

Interior Spaces

  • 1,368 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Combination Dining and Living Room
  • Dishwasher
  • Laundry on main level

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Stone Driveway

Outdoor Features

  • Balcony
  • Shed
  • Porch

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 041200-094-081-0001-029-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,596

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 47500
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 129
  • Lot Dimension Front: 60
  • Lot Information: Neighborhood Street
  • Lot Number: 29
  • Nearest Cross Street: River Rd.
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 309510.41
  • Ratio Close Price By Sq Ft: 40.20
  • Ratio List Price By Acres: 337647.72
  • Ratio List Price By Sq Ft: 43.86
  • Regional Board Code: Rochester
  • Roof Description: Shingles
  • School Tax: 1257
  • Styles of Residence: A-Frame
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7740
  • Age of Building: 48
  • Year Built: 1974
  • Above Grade Finished Sq Ft: 1368
  • Directions To Property: Turn left off of the River Rd. onto Martha Ave., home is up on the left.
  • Sq Ft Total Pub: 1368
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1974

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Circuit Breakers - Some
  • Additional Rooms: Laundry-1st Floor, Porch - Open
  • Basement Description: Slab
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Oven/Range Electric, Refrigerator
  • Kitchen Dining Description: Living/Dining Combo
  • Number of Bedrooms 2nd Floor: 2
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 5
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 1368

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Balcony
  • Number of Acres: 0.1777

Garage/Parking

  • Driveway Description: Stone/Gravel
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Electric, Gas
  • Hvac Type: Municipal Electric, Stove
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-081-0001-029-000-0000

Tax Info

  • Total Taxes: 2596

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2021
Closed on
Sep 17, 2021
Sold by
Shane Norma K Est and Miller
Bought by
Venezia Michael S
Seller's Agent
Christine Young
Howard Hanna Professionals - Olean
Buyer's Agent
Christine Young
Howard Hanna Professionals - Olean
List Price
$60,000
Sold Price
$55,000
Premium/Discount to List
-$5,000
-8.33%
Current Estimated Value
$83,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,136
Avg. Annual Appreciation
10.00%
Original Mortgage
$53,350
Outstanding Balance
$48,472
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$34,161

Purchase Details

Closed on
Jun 24, 1999
Sold by
Faerber Betty A
Bought by
Shane Norma K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Venezia Michael S $55,000 None Available
Venezia Michael S $55,000 None Available
Shane Norma K $37,000 --
Shane Norma K $37,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venezia Michael S $53,350
Closed Venezia Michael S $53,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2021 09/20/21 Sold $55,000 -8.3% $40 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/13/2021 06/13/21 For Sale $60,000 -- $44 / 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 $3,003 $47,500 $4,700 $42,800
2023 $1,788 $47,500 $4,700 $42,800
2022 $1,814 $47,500 $4,700 $42,800
2021 $1,867 $47,500 $4,700 $42,800
2020 $356 $47,500 $4,700 $42,800
2019 $356 $47,500 $4,700 $42,800
2018 $711 $47,500 $4,700 $42,800
2017 $381 $47,500 $4,700 $42,800
2016 $374 $47,500 $4,700 $42,800
2015 -- $47,500 $4,700 $42,800
2014 -- $47,500 $4,700 $42,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Christine Young

    Howard Hanna

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1343405

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-081-0001-029-000-0000

New York Cattaraugus County Olean 14760

563 Martha Ave, Olean, NY

Not Listed for Sale

Detached

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