NOT LISTED FOR SALE

6501 Olean Rd South Wales, NY 14139

Estimated Value: $287,000 - $306,000

4 Beds
3 Baths
2,004 Sq Ft
$146/Sq Ft Est. Value

Sale Details

Date Sold: June 10, 2022

Last sale price $240,000 $120 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,725 / mo

12 Days on Market

Highlights

  • Corner Lot
  • Carpet
  • Heating System Uses Gas

About This Home

As of June 2022

3 apartment house with newer roof on large lot with ample parking. Great Investment opportunity or live in one unit and rent the other 2 units to help with the payments! Great location only 1 mile from Route 400. Owner requests all showings will be on SUNDAYS from 1-3 PM only.

Last Agent to Sell the Property

Gordon Trank

Listing by Trank Real Estate License #31TR0841286 Listed on: 03/28/2022

Last Buyer's Agent

Becky Stubenbord

Listing by Chubb-Aubrey Leonard Real Estate License #30ST1071548

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,294

Year Built

  • Built in 1900

Lot Details

  • 32,670 Sq Ft Lot
  • Lot Dimensions are 74x291
  • Corner Lot
  • Rectangular Lot

Parking

  • Parking Available

Home Design

  • Triplex
  • Shake Siding

Interior Spaces

  • 2,004 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Carpet
  • Vinyl

Utilities

  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes snow removal
  • Tax Lot 25
  • Assessor Parcel Number 146600-201-160-0002-025-000

Community Details

Overview

  • 3 Units
  • Holland Land Companys Sur Subdivision

Building Details

  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,294

Year Built

Built in 1900

Lot Details

0.75 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Snow Removal
  • Year Built: 1900
  • Lot Features: Corner Lot, Rectangular, Rectangular Lot
  • Subdivision Name: Holland Land Companys Sur
  • Directions: Located on the north east Corner of Olean and Depot Road.
  • Architectural Style: Triplex
  • Flooring: Carpet, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Partial
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.75
  • Waterfront: No
  • Construction Type: Shake Siding

Garage/Parking

  • Parking Features: Parking Available

Utilities

  • Cooling: Other, See Remarks
  • Heating: Gas, Other, See Remarks
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Holland

Lot Info

  • Parcel Number: 146600-201-160-0002-025-000
  • Lot Dimensions: 74X291
  • Lot Size Sq Ft: 32670.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 3294.0
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
May 20, 2022
Sold by
Dodge Laura J and Petersen Laura J
Bought by
Martin Todd D
Seller's Agent
Gordon Trank
Trank Real Estate
Buyer's Agent
Becky Stubenbord
Chubb-Aubrey Leonard Real Estate
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
$292,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,972
Avg. Annual Appreciation
5.23%
Original Mortgage
$180,000
Outstanding Balance
$169,239
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$123,733
Source: Public Records
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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
Martin Todd D $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Todd D $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $240,000 -4.0% $120 / Sq Ft
04/09/2022 04/09/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $250,000 -- $125 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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
2025 $2,054 $58,900 $6,400 $52,500
2024 $2,054 $58,900 $6,400 $52,500
2023 $2,128 $58,900 $6,400 $52,500
2022 $3,637 $58,900 $6,400 $52,500
2021 $3,615 $58,900 $6,400 $52,500
2020 $3,462 $58,900 $6,400 $52,500
2019 $3,516 $58,900 $6,400 $52,500
2018 $3,485 $58,900 $6,400 $52,500
2017 $1,896 $58,900 $6,400 $52,500
2016 $3,556 $58,900 $6,400 $52,500
2015 -- $58,900 $6,400 $52,500
2014 -- $58,900 $6,400 $52,500
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1394717

Western New York Real Estate Information Services (WNYREIS)

APN: 146600-201-160-0002-025-000

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