NOT LISTED FOR SALE

605 W State St Olean, NY 14760

Estimated Value: $94,000 - $103,000

5 Beds
2 Baths
2,168 Sq Ft
$46/Sq Ft Est. Value

Last Sold April 20, 2023

Last sale price $54,000 $25 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $672/month

49 Days on Market

Highlights

  • Forced Air Cooling System
  • Wall to Wall Carpet
  • 4-minute walk to Oak Hill Park

About This Home

As of April 2023

Two family house one apartment has 3 bedrooms other has 2.Home is vacant and apartments are ready to rent out. The roof is 7 years old. Take a look today.

Last Agent to Sell the Property

John Dwaileebe

Listing by Howard Hanna Professionals - Olean License #40DW0994003 Listed on: 12/16/2022

Howard Hanna Professionals - Olean

Last Buyer's Agent

John Dwaileebe

Listing by Howard Hanna Professionals - Olean License #40DW0994003 Listed on: 12/16/2022

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,988

Year Built

  • Built in 1910

Lot Details

  • 3,480 Sq Ft Lot
  • Lot Dimensions are 87 x 40

Parking

  • 1 Car Garage

Home Design

  • Frame Construction

Interior Spaces

  • 2,168 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Tax Lot 11
  • Assessor Parcel Number 041200-094-064-0013-011-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,988

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 26100
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 87
  • Lot Dimension Front: 40
  • Lot Information: Commercial Zoning, Neighborhood Street
  • Lot Number: 11
  • Nearest Cross Street: fourth Street
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 675844.81
  • Ratio Close Price By Sq Ft: 24.91
  • Ratio List Price By Acres: 682102.63
  • Ratio List Price By Sq Ft: 25.14
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • School Tax: 965
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 3480
  • Age of Building: 113
  • Year Built: 1910
  • Above Grade Finished Sq Ft: 2168
  • Directions To Property: Located on W State Street between 5th and 6th .
  • Sq Ft Total Pub: 2168
  • Attribution Contact: 716-378-3953
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 2168

Exterior Features

  • Construction: Frame
  • Number of Acres: 0.0799

Garage/Parking

  • Number of Electric Meters: 2
  • Number of Garage Spaces: 1.0000
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-064-0013-011-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 1988

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2024
Sold by
Juma 4 Assets
Bought by
Nepa Holdings 1 Llc
Current Estimated Value
$100,030

Purchase Details

Listed on
Dec 16, 2022
Closed on
Mar 20, 2023
Sold by
J & K Renolds Ft
Bought by
Juma 4 Assets Llc
Seller's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
Buyer's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
List Price
$54,500
Sold Price
$54,000
Premium/Discount to List
-$500
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.85%

Purchase Details

Listed on
Feb 15, 2015
Closed on
Jun 8, 2015
Sold by
Scheminger William J
Bought by
J & K Reynolds Family Trust I
Seller's Agent
Dennis Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
John Dwaileebe
Howard Hanna Professionals - Olean
List Price
$39,000
Sold Price
$25,000
Premium/Discount to List
-$14,000
-35.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Nepa Holdings 1 Llc $97,000 None Available
Juma 4 Assets Llc $42,500 None Available
J & K Reynolds Family Trust I $25,000 Gregory Shemeld
J & K Reynolds Family Trust I $25,000 Gregory Shemeld
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scheminger William J $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2023 04/20/23 Sold $54,000 -0.9% $25 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
12/16/2022 12/16/22 For Sale $54,500 +118.0% $25 / Sq Ft
06/08/2015 06/08/15 Sold $25,000 -35.9% $12 / Sq Ft
04/27/2015 04/27/15 Pending -- -- --
02/15/2015 02/15/15 For Sale $39,000 -- $18 / 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 $1,731 $26,100 $3,100 $23,000
2023 $983 $26,100 $3,100 $23,000
2022 $997 $26,100 $3,100 $23,000
2021 $1,026 $26,100 $3,100 $23,000
2020 $1,444 $36,500 $3,100 $33,400
2019 $548 $36,500 $3,100 $33,400
2018 $1,969 $36,500 $3,100 $33,400
2017 $1,479 $36,500 $3,100 $33,400
2016 $1,463 $36,500 $3,100 $33,400
2015 -- $49,000 $3,100 $45,900
2014 -- $49,000 $3,100 $45,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1448840

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0013-011-000-0000