NOT LISTED FOR SALE

616 Washington St Olean, NY 14760

Estimated Value: $151,000 - $193,000

3 Beds
2.5 Baths
1,666 Sq Ft
$104/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $178,610 $107 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,156/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Solid Surface Countertops
  • Wood Flooring
  • Furnished
  • 3-minute walk to Oak Hill Park

About This Home

As of October 2024

This meticulously updated turnkey home combines vintage charm with modern amenities, currently operating as a thriving Airbnb. Interior features new hardwood floors, hand-planed & finished to perfection. The floor plan has been reworked opening the space & adding a half bath off the main living area. Restored to its original glory the staircase evokes a sense of nostalgia known in Olean, NY. Exposed brick chimney creates a cozy ambiance. The kitchen has a breakfast bar & the dining room features a custom window seat. The primary suite on the second floor is a true retreat with tile shower & spacious walk-in closet. Also upstairs are two additional bedrooms, a full bath & conveniently located hall laundry. Upgrades include electrical, plumbing, windows, insulation, mechanicals, roof & more. Situated across the street from Oak Hill Park, all of the outdoor space with none of the maintenance! The Washington Street Theater is adjacent to the home & it's located around the block from Olean High School & historic downtown. This property offers a unique opportunity to own a piece of history with modern comforts or with a proven track record of successful bookings, a passive income stream.

Last Agent to Sell the Property

Caitlin Croft

Listing by Iconic Real Estate License #10401300404 Listed on: 05/02/2024

Last Buyer's Agent

Caitlin Croft

Listing by Iconic Real Estate License #10401300404 Listed on: 05/02/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,462

Year Built

  • Built in 1910

Lot Details

  • 4,680 Sq Ft Lot
  • Lot Dimensions are 78x60
  • Corner Lot

Parking

  • 1.5 Car Detached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Block Foundation
  • Stone Foundation

Interior Spaces

  • 1,666 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Formal Dining Room
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Microwave
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Open Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 041200-094-064-0004-043-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,462

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1910
  • ResoLaundryFeatures: Upper Level
  • Lot Features: Corner Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: From W. State Street to N. 6th St. Make a left onto Washington, home is on the corner. Driveway is on Washington.
  • Architectural Style: Two Story, Traditional
  • Flooring: Hardwood, Tile, Varies
  • Garage Yn: Yes
  • Interior Features: Breakfast Bar, Separate/Formal Dining Room, Furnished, Pull Down Attic Stairs, Solid Surface Counters, Bath in Primary Bedroom
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Dryer, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1074
  • Waterfront: No
  • Construction Type: Fiber Cement
  • Exterior Features: Concrete Driveway
  • Foundation Details: Block, Stone
  • Patio And Porch Features: Open, Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.5
  • Parking Features: Detached, Electricity, Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Olean

Lot Info

  • Parcel Number: 041200-094-064-0004-043-000-0000
  • Lot Dimensions: 78X60
  • Lot Size Sq Ft: 4680.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 2462.0
  • Tax Lot: 43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Sep 17, 2024
Sold by
Judkins Casey G and Judkins Corey S
Bought by
Sweed Tyler R
Seller's Agent
Caitlin Croft
Iconic Real Estate
Buyer's Agent
Caitlin Croft
Iconic Real Estate
List Price
$174,500
Sold Price
$178,610
Premium/Discount to List
$4,110
2.36%
Views
92
Current Estimated Value
$174,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,522
Avg. Annual Appreciation
-2.41%

Purchase Details

Listed on
Mar 16, 2016
Closed on
Nov 8, 2016
Sold by
Jpmorgan Chase Bank Na
Bought by
Judkins Casey G
Seller's Agent
Ronald Frazier
Real Estate Pros & More
Buyer's Agent
Ken Bailey
Real Estate Pros & More
List Price
$37,600
Sold Price
$7,100
Premium/Discount to List
-$30,500
-81.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.26%

Purchase Details

Closed on
Jan 19, 2016
Sold by
Gram Esq. Frederick J
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Aug 23, 2004
Sold by
Wells Laurie
Bought by
Kellogg Darrell

Purchase Details

Closed on
Mar 2, 2000
Sold by
Nevins Tamara Ann
Bought by
Wells Laurie A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sweed Tyler R $179,000 None Available
Judkins Casey G -- Pro Se
Judkins Casey G -- Pro Se
Jpmorgan Chase Bank Na $47,000 Stiene & Associates Pc
Jpmorgan Chase Bank Na $47,000 Stiene & Associates Pc
Kellogg Darrell $56,000 Gregory Shemeld
Kellogg Darrell $56,000 Gregory Shemeld
Wells Laurie A $50,000 Amiee Doyle
Wells Laurie A $50,000 Amiee Doyle
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2024 10/10/24 Sold $178,610 +2.4% $107 / Sq Ft
05/11/2024 05/11/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $174,500 +2357.7% $105 / Sq Ft
11/10/2016 11/10/16 Sold $7,100 -81.1% $4 / Sq Ft View Prior Sale
09/19/2016 09/19/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $37,600 -- $23 / 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 $2,945 $78,000 $3,700 $74,300
2023 $2,937 $78,000 $3,700 $74,300
2022 $419 $15,000 $3,700 $11,300
2021 $589 $15,000 $3,700 $11,300
2020 $1,293 $15,000 $3,700 $11,300
2019 $622 $15,000 $3,700 $11,300
2018 $3,812 $15,000 $3,700 $11,300
2017 $5,212 $58,900 $3,700 $55,200
2016 $2,361 $58,900 $3,700 $55,200
2015 -- $58,900 $3,700 $55,200
2014 -- $58,900 $3,700 $55,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: B1535356

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0004-043-000-0000