$120,000
SOLD NOV 5, 2025

702 Prospect Ave Olean, NY 14760

2 Beds
1 Bath
888 Sq Ft
5,620 Sq Ft Lot

Recently Sold

$135 Per Sq Ft

8% Below List Price

22 Days on Market

Highlights

  • Main Floor Bedroom
  • Galley Kitchen
  • Ceiling Fan
  • Separate Formal Living Room
  • Laundry Room
  • Hot Water Heating System

About This Home

As of November 2025

Welcome to this adorable 2 bedroom, 1 bath ranch with 888 square feet of comfortable living space. Perfectly sized and easy to maintain, this home offers the charm of simple living with just the right amount of space. Step inside and you’ll find a welcoming layout filled with natural light, making each room feel bright and cheerful. The hot water baseboard heat (boiler system) keeps the home toasty warm all winter long. Outside, the fenced backyard is a true bonus—ideal for pets, play, or just enjoying a private spot to relax and unwind. Whether you’re starting out, downsizing, or looking for an investment, this home is full of possibilities! Affordable, cozy, and move-in ready—don’t miss your chance to call this charming ranch yours!

Last Agent to Sell the Property

Ken Bailey

Listing by Real Estate Pros & More Brokerage Phone: 716-307-6960 License #10371200907 Listed on: 08/18/2025

Last Buyer's Agent

Brad Johnson

Listing by EXP-Premier Listings Team License #10401379585

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,121

Year Built

  • Built in 1921

Lot Details

  • 5,620 Sq Ft Lot
  • Lot Dimensions are 40x140
  • Rectangular Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Spray Foam Insulation
  • Blown-In Insulation
  • Copper Plumbing

Interior Spaces

  • 888 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Separate Formal Living Room
  • Laminate Flooring
  • Pull Down Stairs to Attic
  • Galley Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Basement

  • Sump Pump
  • Crawl Space

Parking

  • No Garage
  • Driveway

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 041200-094-058-0002-025-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,121

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1921
  • Attribution Contact: 716-307-6960
  • ResoLaundryFeatures: Main Level
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Architectural Style: Ranch
  • Flooring: Laminate, Varies
  • Garage Yn: No
  • Interior Features: Ceiling Fan(s), Separate/Formal Living Room, Galley Kitchen, Pull Down Attic Stairs, Bedroom on Main Level
  • Unit Levels: One
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Crawl Space, Sump Pump
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Stories: 1
  • Stories: 1

Exterior Features

  • Acres: 0.129
  • Waterfront: No
  • Construction Type: Blown-In Insulation, Frame, Spray Foam Insulation, Copper Plumbing
  • Exterior Features: Blacktop Driveway
  • Foundation Details: Block

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Heating: Gas, Hot Water
  • HeatingYN: Yes
  • Utilities: Electricity Connected, 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: 041200-094-058-0002-025-000-0000
  • Lot Dimensions: 40X140
  • Lot Size Sq Ft: 5620.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3121.0
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2025
Closed on
Nov 3, 2025
Sold by
George Clark A and George Beverly N
Bought by
Thanh-Le Thi N
Seller's Agent
Ken Bailey
Real Estate Pros & More
Buyer's Agent
Brad Johnson
EXP-Premier Listings Team
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.44%
Original Mortgage
$116,400
Outstanding Balance
$116,291
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$3,593

Purchase Details

Listed on
Mar 15, 2019
Closed on
Jun 18, 2019
Sold by
Gail Of The Estate O
Bought by
George Clark A
Seller's Agent
Jon Farleo
Howard Hanna Professionals - Olean
Buyer's Agent
Amanda Hulbert
Real Estate Pros & More
List Price
$33,500
Sold Price
$30,000
Premium/Discount to List
-$3,500
-10.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.23%

Purchase Details

Listed on
Mar 15, 2019
Closed on
Jun 6, 2019
Sold by
Gail Of The Estate O
Bought by
George Clark A
Seller's Agent
Jon Farleo
Howard Hanna Professionals - Olean
Buyer's Agent
Amanda Hulbert
Real Estate Pros & More
List Price
$33,500
Sold Price
$30,000
Premium/Discount to List
-$3,500
-10.45%

Purchase Details

Listed on
Mar 15, 2019
Closed on
May 29, 2019
Sold by
Pezzimenti Mary Ann Est and Whitney
Bought by
George Clark A and George Beverly N
Seller's Agent
Jon Farleo
Howard Hanna Professionals - Olean
Buyer's Agent
Amanda Hulbert
Real Estate Pros & More
List Price
$33,500
Sold Price
$30,000
Premium/Discount to List
-$3,500
-10.45%
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 Type Sale Price Title Company
Warranty Deed $120,000 --
Deed $30,000 None Available
Deed $30,000 None Available
Executors Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $116,400 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2025 11/05/25 Sold $120,000 -7.6% $135 / Sq Ft
09/09/2025 09/09/25 Pending -- -- --
08/18/2025 08/18/25 For Sale $129,900 +333.0% $146 / Sq Ft
06/17/2019 06/17/19 Sold $30,000 -10.4% $34 / Sq Ft View Prior Sale
03/26/2019 03/26/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $33,500 -- $38 / 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 $3,541 $56,000 $10,700 $45,300
2023 $2,108 $56,000 $10,700 $45,300
2022 $2,139 $56,000 $10,700 $45,300
2021 $2,201 $56,000 $10,700 $45,300
2020 $2,063 $56,000 $10,700 $45,300
2019 $500 $56,000 $10,700 $45,300
2018 $1,001 $56,000 $10,700 $45,300
2017 $538 $56,000 $10,700 $45,300
2016 $528 $56,000 $10,700 $45,300
2015 -- $56,000 $10,700 $45,300
2014 -- $56,000 $10,700 $45,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1631436

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-058-0002-025-000-0000