NOT LISTED FOR SALE

615 Front St Unit 17 Olean, NY 14760

Estimated Value: $90,000 - $170,000

4 Beds
2 Baths
2,520 Sq Ft
$56/Sq Ft Est. Value

Last Sold September 24, 2018

Last sale price $71,020 $28 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $1,099/month

21 Days on Market

About This Home

As of September 2018

***VIDEO WALKTHROUGH AVAILABLE AT https://youtu.be/YU8KQ786lZU *** Come and check out this newly remodeled duplex on the intersection of Prospect Ave and Front Street. An extensive amount of work was completed on this competitively priced duplex. With three bedrooms and a walk-in closet on one side, and a two-bedroom on the other. This property offers good income, but also has a great opportunity for a buyer who wants to live on one side and rent the other side. Call for a showing today!

Last Listed By

Regis Handley

Listing by Howard Hanna Professionals License #10301215129 Listed on: 07/11/2018

Howard Hanna Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,879

Year Built

  • Built in 1890

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 148 x 78

Parking

  • Dirt Driveway

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • 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 5
  • Assessor Parcel Number 041200-094-058-0001-005-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,879

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 52000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 148
  • Lot Dimension Front: 78
  • Lot Information: Neighborhood Street
  • Lot Number: 5
  • Nearest Cross Street: Prospect
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 266691.70
  • Ratio Close Price By Sq Ft: 28.18
  • Ratio List Price By Acres: 262485.92
  • Ratio List Price By Sq Ft: 27.74
  • Regional Board Code: Rochester
  • Rent Includes: No Utilities
  • School Tax: 1368
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 11598
  • Age of Building: 132
  • Year Built: 1890
  • Directions To Property: East state to Front
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Attic Description: Crawl Space
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Tile-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Negotiable
  • Total Sq Ft: 2520

Exterior Features

  • Construction: Shake Shingle, Wood
  • Number of Acres: 0.2663

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: Dirt

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: Electric, Gas

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-058-0001-005-000-0000

Rental Info

  • Certificate of Occupancy: Not Required

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2879

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2018
Closed on
Sep 25, 2018
Sold by
Dove Properties Inc
Bought by
Stanton Tegan
Seller's Agent
Regis Handley
Howard Hanna Professionals
Buyer's Agent
Regis Handley
Howard Hanna Professionals
List Price
$69,900
Sold Price
$71,020
Premium/Discount to List
$1,120
1.6%
Total Days on Market
21
Current Estimated Value
$140,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,014
Avg. Annual Appreciation
6.95%
Original Mortgage
$69,733
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 11, 2018
Closed on
Sep 24, 2018
Sold by
Dove Properties Inc
Bought by
Stanton Tegan
Seller's Agent
Regis Handley
Howard Hanna Professionals
Buyer's Agent
Regis Handley
Howard Hanna Professionals
List Price
$69,900
Sold Price
$71,020
Premium/Discount to List
$1,120
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,733
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 11, 2018
Closed on
Sep 5, 2018
Sold by
Dove Properties Inc
Bought by
Stanton Richard and Stanton Tegan
Seller's Agent
Regis Handley
Howard Hanna Professionals
Buyer's Agent
Regis Handley
Howard Hanna Professionals
List Price
$69,900
Sold Price
$71,020
Premium/Discount to List
$1,120
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,733
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 2005
Sold by
Wenke Paul
Bought by
Dove Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.34%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 9, 2004
Sold by
Wenke Paul
Bought by
Wenke Paul

Purchase Details

Closed on
Aug 10, 2001
Sold by
Wenke Paul and Wenke Geraldine
Bought by
Wenke Paul and Wenke Geraldine

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
Stanton Tegan $71,020 None Available
Stanton Tegan $71,020 None Available
Stanton Richard -- --
Dove Properties $25,000 Daniel R. Palumbo
Wenke Paul -- William H Mountain Iii
Wenke Paul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stanton Richard $72,078
Closed Stanton Tegan $69,733
Closed Stanton Tegan $69,733
Closed Stanton Richard $69,733
Previous Owner Dove Properties Inc $52,712
Previous Owner Dove Props $205,000
Previous Owner Dove Properties $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2018 09/24/18 Sold $71,020 +1.6% $28 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $69,900 -- $28 / 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 $3,873 $61,000 $7,100 $53,900
2023 $2,297 $61,000 $7,100 $53,900
2022 $2,330 $61,000 $7,100 $53,900
2021 $2,397 $61,000 $7,100 $53,900
2020 $2,296 $61,000 $7,100 $53,900
2019 $781 $52,000 $7,100 $44,900
2018 $2,805 $52,000 $7,100 $44,900
2017 $2,108 $52,000 $7,100 $44,900
2016 $2,085 $52,000 $7,100 $44,900
2015 -- $52,000 $7,100 $44,900
2014 -- $52,000 $7,100 $44,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1133000

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-058-0001-005-000-0000