NOT LISTED FOR SALE

615 W Sullivan St Olean, NY 14760

Estimated Value: $106,000 - $112,000

8 Beds
2 Baths
3,002 Sq Ft
$36/Sq Ft Est. Value

Last Sold August 18, 2014

Last sale price $23,000 $8 Per Sq Ft

Est. 370% increase in value since last sale

Current estimated payment $796/month

16 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Baseboard Heating
  • Finished Attic
  • Corner Lot
  • Space Heater

About This Home

As of August 2014

Spacious 2 unit home, live in the 4 bedroom and rent the other to pay your bills.

Last Agent to Sell the Property

Kelly Ralston

Listing by KLM Appraisal Services License #45000036822 Listed on: 05/08/2014

Last Buyer's Agent

Jon Farleo

Listing by Howard Hanna Professionals - Olean License #10301214488

Howard Hanna Professionals - Olean

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 106 x 56
  • Corner Lot
  • Rectangular Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 3,002 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Finished Attic

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum

Schools

  • Olean Senior High School

Utilities

  • Multiple Heating Units
  • Space Heater
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 041200-094-064-0004-005-000-0000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Age: 104
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 54500
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 106
  • Lot Dimension Front: 56
  • Lot Information: Corner Lot, Neighborhood Street
  • Lot Shape: Rectangular
  • L P Per Acre: 177857.1400
  • List Price per Sq Ft: 8.2944
  • Nearest Cross Street: 6TH
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 164285.71
  • Ratio Close Price By Sq Ft: 7.66
  • Ratio List Price By Acres: 177857.14
  • Ratio List Price By Sq Ft: 8.29
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1308
  • Sale Price List Price: 0.9236
  • S P Per Acre: 164285.7100
  • S P Per Sq Ft: 7.6600
  • Sub Board Code: Buffalo
  • Type of Residence: 2 Unit
  • Type of Sale: Normal
  • Value Range Search Low Price: 24900.00
  • Year Built Description: Existing
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: Sullivan to the Corner of Sullivan and Sixth
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Attic Description: Finished
  • Basement Description: Full
  • Floor Description: Hardwood-Some, Linoleum/Vinyl, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Negotiable
  • Number of Fireplaces Other: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of Rooms: 12
  • Total Sq Ft: 3002

Exterior Features

  • Construction: Wood
  • Number of Acres: 0.1400

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: Baseboard, Baseboard Heat-Some, Hot Water, Space Heater
  • Number of Gas Meters: 1
  • Number of Heating Units: 2
  • Separate Utilities: Electricity
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-064-0004-005-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 2742

MLS Schools

  • High School Name: Olean Senior High
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2014
Closed on
Aug 12, 2014
Sold by
Carter Estate Roland N
Bought by
Dougherty Kevin M
Seller's Agent
Kelly Ralston
KLM Appraisal Services
Buyer's Agent
Jon Farleo
Howard Hanna Professionals - Olean
List Price
$24,900
Sold Price
$23,000
Premium/Discount to List
-$1,900
-7.63%
Current Estimated Value
$108,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,000
Avg. Annual Appreciation
14.59%
Original Mortgage
$18,400
Outstanding Balance
$14,019
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$93,981
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
Dougherty Kevin M $23,000 Daniel Palumbo
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dougherty Kevin M $18,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2014 08/18/14 Sold $23,000 -7.6% $8 / Sq Ft
05/24/2014 05/24/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $24,900 -- $8 / 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 $2,763 $43,700 $5,100 $38,600
2023 $1,645 $43,700 $5,100 $38,600
2022 $1,650 $43,200 $5,100 $38,100
2021 $1,415 $36,000 $4,100 $31,900
2020 $3,065 $36,000 $4,100 $31,900
2019 $540 $36,000 $4,100 $31,900
2018 $3,558 $36,000 $4,100 $31,900
2017 $3,082 $36,000 $4,100 $31,900
2016 $3,053 $36,000 $4,100 $31,900
2015 -- $36,000 $4,100 $31,900
2014 -- $36,000 $4,100 $31,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Kelly Ralston

    KLM Appraisal Services

    (716) 373-3842

    Kelly Ralston
    Section Image

  • J

    Buyer's Agent in 2014

    Jon Farleo

    Howard Hanna

    Section Image
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Map

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

MLS Number: B451189

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0004-005-000-0000

New York Cattaraugus County Olean 14760

615 W Sullivan St, Olean, NY

Not Listed for Sale

MultiFamily

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