NOT LISTED FOR SALE

601 Grandview Ave Olean, NY 14760

Estimated Value: $137,000 - $175,306

2 Beds
1 Bath
1,383 Sq Ft
$111/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $121,000 $87 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,164/month

7 Days on Market

Highlights

  • 1.3 Acre Lot
  • Formal Dining Room
  • Cul-De-Sac
  • Wood Flooring
  • 1 Car Detached Garage
  • Enclosed Patio or Porch

About This Home

As of December 2022

This two-bedroom ranch home with more than one acre of land in the city limits sits on the quiet cul-de-sac of Grandview Avenue. A total of seven parcels (including the home) will transfer with the sale to add up to approximately 1.3 acres. Maintained by Olean General Hospital over the years, this home has an updated electrical system, an updated forced air heating system, and some unique retro design and architecture; this is a great place to call home. This home features well-cared-for hardwood floors throughout much of the home, and the partially finished attic has pull-down stairs that are great for storage. With some cosmetic updates, this home could be taken to the next level.

Last Agent to Sell the Property

Paul Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10301214758 Listed on: 07/18/2022

Howard Hanna Professionals - Olean

Last Buyer's Agent

Thomas Fenner

Listing by Real Estate Pros & More License #10301223660

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,484

Year Built

  • Built in 1949

Lot Details

  • 1.3 Acre Lot
  • Lot Dimensions are 105 x 86
  • Cul-De-Sac
  • Partially Fenced Property

Home Design

  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,383 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Ceiling Fan
  • Formal Dining Room
  • Wood Flooring
  • Pull Down Stairs to Attic
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Laundry in Basement

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Enclosed Patio or Porch

Schools

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

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 041200-094-050-0005-007-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,484

Year Built

Built in 1949

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 100000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 105
  • Lot Dimension Front: 86
  • Lot Information: Cul De Sac, Neighborhood Street
  • Lot Number: 7
  • Nearest Cross Street: Prospect Ave
  • Number of Stories: 1.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 93076.92
  • Ratio Close Price By Sq Ft: 87.49
  • Ratio List Price By Acres: 76846.15
  • Ratio List Price By Sq Ft: 72.23
  • Regional Board Code: Rochester
  • School Tax: 2655
  • Styles of Residence: Ranch
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 9030
  • Age of Building: 74
  • Year Built: 1949
  • Above Grade Finished Sq Ft: 1383
  • Directions To Property: From Front St, turn onto Prospect Ave, turn onto Grandview Ave, the property is on the left
  • Sq Ft Total Pub: 1383
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1949

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Natural Woodwork - some
  • Additional Rooms: 1st Floor Bedroom, 1st Floor Master Bedroom, Laundry-Basement, Porch - Enclosed, Porch - Open
  • Attic Description: Pull Down Stairs
  • Basement Description: Partial
  • Floor Description: Hardwood-Some
  • Kitchen Appliances Included: Dryer, Oven/Range Electric, Refrigerator, Washer
  • Kitchen Dining Description: Eat-In, Formal Dining Room
  • Number of Bedrooms 1st Floor: 2
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 5
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 1383

Exterior Features

  • Construction: Vinyl
  • Additional Exterior Features: Cable TV Available, Garage Door Opener, High Speed Internet, Partially Fenced Yard
  • Number of Acres: 1.3000

Garage/Parking

  • Driveway Description: Concrete
  • Garage Description: Detached
  • 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: 041200-094-050-0005-007-000-0000

Tax Info

  • Total Taxes: 5484

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
Jul 18, 2022
Closed on
Dec 6, 2022
Sold by
Olean General Hospital
Bought by
Warren Charles E and Warren Amy M
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Thomas Fenner
Real Estate Pros & More
List Price
$99,900
Sold Price
$121,000
Premium/Discount to List
$21,100
21.12%
Current Estimated Value
$153,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,327
Avg. Annual Appreciation
8.60%
Original Mortgage
$96,800
Outstanding Balance
$92,331
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$60,996
Source: Public Records

Range of Values:

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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
Warren Charles E $121,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warren Charles E $96,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $121,000 +21.1% $87 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $99,900 -- $72 / 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 $4,281 $116,050 $16,900 $99,150
2023 $3,765 $100,000 $16,900 $83,100
2022 -- $100,000 $16,900 $83,100
2021 $0 $100,000 $16,900 $83,100
2020 $0 $100,000 $16,900 $83,100
2019 $0 $100,000 $16,900 $83,100
2018 $0 $100,000 $16,900 $83,100
2017 $0 $100,000 $16,900 $83,100
2016 $0 $100,000 $16,900 $83,100
2015 -- $100,000 $16,900 $83,100
2014 -- $100,000 $16,900 $83,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1421628

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-050-0005-007-000-0000