$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
  • Laundry Room
  • Hot Water Heating System
  • Separate Formal Living Room
  • Ceiling Fan
  • High Speed Internet

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
  • Copper Plumbing

Interior Spaces

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

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
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
23.99%

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
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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 Type Sale Price Title Company
Deed $30,000 None Available
Deed $30,000 None Available
Executors Deed $30,000 --
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

  • Ken Bailey

    Seller's Agent in 2025

    Ken Bailey

    Real Estate Pros & More

    (716) 307-6960

    62 in this area

    141 Total Sales

    Ken Bailey
    Section Image

  • B

    Buyer's Agent in 2025

    Brad Johnson

    EXP-Premier Listings Team

    (716) 397-8494

    2 in this area

    4 Total Sales

    Brad Johnson
    Section Image

  • J

    Seller's Agent in 2019

    Jon Farleo

    Howard Hanna

    Section Image

  • A

    Buyer's Agent in 2019

    Amanda Hulbert

    Real Estate Pros & More

See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1631436

Chautauqua-Cattaraugus Board of REALTORS®

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

New York Cattaraugus County Olean 14760

702 Prospect Ave, Olean, NY

Sold

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes