NOT LISTED FOR SALE

607 W Sullivan St Olean, NY 14760

Estimated Value: $68,392 - $98,000

5 Beds
3 Baths
2,346 Sq Ft
$35/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $36,000 $15 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $506/month

539 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Cooling System
  • Front Green Space

About This Home

As of May 2014

INVESTORS TAKE NOTICE... Three unit apartment house centrally located just minutes from the Olean High School and downtown, house consists of two two bedroom and a one bedroom apartment, upper has hardwood floors and a enclosed side porch, currently fully rented.

Last Agent to Sell the Property

Jon Farleo

Listing by Howard Hanna Professionals - Olean License #10301214488 Listed on: 06/22/2012

Howard Hanna Professionals - Olean

Last Buyer's Agent

Jon Farleo

Listing by Howard Hanna Professionals - Olean License #10301214488 Listed on: 06/22/2012

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 106 x 50
  • Front Green Space

Interior Spaces

  • 2,346 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Range Hood

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum

Parking

  • No Garage
  • Shared Driveway

Utilities

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

Listing and Financial Details

  • Rent includes no utilities
  • Assessor Parcel Number 041200-094-064-0004-007-000-0000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Age: 112
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 58000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 106
  • Lot Dimension Front: 50
  • Lot Information: Green Area
  • L P Per Acre: 400000.0000
  • List Price per Sq Ft: 20.4603
  • Nearest Cross Street: N. 5th St.
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 300000.00
  • Ratio Close Price By Sq Ft: 15.35
  • Ratio List Price By Acres: 400000.00
  • Ratio List Price By Sq Ft: 20.46
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • Rent Includes: No Utilities
  • School Tax: 1373
  • Sale Price List Price: 0.7500
  • S P Per Acre: 300000.0000
  • S P Per Sq Ft: 15.3500
  • Sub Board Code: Buffalo
  • Type of Residence: 3 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 48000.00
  • Year Built Description: Existing
  • Age of Building: 122
  • Year Built: 1900
  • Directions To Property: Turn onto W. Sullivan St. house is located between 5th and 6th St.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Gas-Some, Range Hood-Exhaust Fan
  • Number of Rooms: 12
  • Total Sq Ft: 2346

Exterior Features

  • Construction: Shake Shingle
  • Number of Acres: 0.1200

Garage/Parking

  • Garage Description: No Garage
  • Number of Electric Meters: 3
  • Parking Driveway: Shared

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 3
  • Number of Heating Units: 3
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-064-0004-007-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 2940

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2015
Sold by
Z Anderson Llc
Bought by
Anderson Clar
Current Estimated Value
$81,098

Purchase Details

Listed on
Jun 22, 2012
Closed on
Apr 1, 2014
Sold by
Greenroof Properties Llc
Bought by
Z Anderson Llc
Seller's Agent
Jon Farleo
Howard Hanna Professionals - Olean
Buyer's Agent
Jon Farleo
Howard Hanna Professionals - Olean
List Price
$48,000
Sold Price
$36,000
Premium/Discount to List
-$12,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.25%

Purchase Details

Closed on
Sep 4, 2008
Sold by
Gardner Calvin
Bought by
Greenroof Properties Llc

Purchase Details

Closed on
Jul 28, 2004
Sold by
Grant Terrance
Bought by
Gardner Cal
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anderson Clar $42,000 --
Z Anderson Llc $35,000 Daniel Palumbo
Greenroof Properties Llc $58,000 --
Gardner Cal $49,000 Carl Vahl
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2014 05/23/14 Sold $36,000 -25.0% $15 / Sq Ft
12/13/2013 12/13/13 Pending -- -- --
06/22/2012 06/22/12 For Sale $48,000 -- $20 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $3,667 $58,000 $3,800 $54,200
2023 $2,184 $58,000 $3,800 $54,200
2022 $2,215 $58,000 $3,800 $54,200
2021 $2,279 $58,000 $3,800 $54,200
2020 $2,295 $58,000 $3,800 $54,200
2019 $871 $58,000 $3,800 $54,200
2018 $3,129 $58,000 $3,800 $54,200
2017 $2,351 $58,000 $3,800 $54,200
2016 $2,325 $58,000 $3,800 $54,200
2015 -- $58,000 $3,800 $54,200
2014 -- $58,000 $3,800 $54,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B410881

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0004-007-000-0000