NOT LISTED FOR SALE

703 W Sullivan St Olean, NY 14760

Estimated Value: $89,000 - $147,000

6 Beds
3 Baths
4,160 Sq Ft
$29/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $18,000 $4 Per Sq Ft

Est. 578% increase in value since last sale

Current estimated payment $762/month

57 Days on Market

Highlights

  • Wood Flooring
  • Screened Porch
  • Property is near a bus stop
  • Corner Lot
  • Woodwork
  • 4-minute walk to Oak Hill Park

About This Home

As of December 2016

Great investment potential with this three family home in the City. Three large apartments with great rental history. Needs some work, but available at the right price. Call today. All offers are to be submitted through Xome.com.

Last Agent to Sell the Property

Wayne Weaver

Listing by Real Estate Advantage License #10301207146 Listed on: 09/22/2016

Last Buyer's Agent

Wayne Weaver

Listing by Real Estate Advantage License #10301207146 Listed on: 09/22/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 121 x 96
  • Partially Fenced Property
  • Corner Lot

Parking

  • 3 Parking Spaces

Home Design

  • Shingle Roof

Interior Spaces

  • 4,160 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Screened Porch

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Property is near a bus stop
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 94.064-4-4

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 101500
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 121
  • Lot Dimension Front: 96
  • Lot Information: Corner Lot, Near Bus Line
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 4.33
  • Ratio List Price By Sq Ft: 12.02
  • Regional Board Code: Rochester
  • Roof Description: Shingles
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Residence: 3 Unit
  • Year Built Description: Existing
  • Age of Building: 123
  • Year Built: 1900
  • Directions To Property: 703 W Sullivan
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Natural Woodwork - some
  • Additional Rooms: 1st Floor Bedroom, Porch - Open, Porch - Screened
  • Floor Description: Carpet, Wood-Some
  • Total Bathrooms: 3.00
  • Total Bedrooms: 6
  • Total Sq Ft: 4160

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Partially Fenced Yard

Garage/Parking

  • Number of Available Parking Spaces: 3
  • Number of Electric Meters: 3
  • Parking Driveway: 2 or More Spaces

Utilities

  • Heating Fuel Description: Gas
  • Number of Gas Meters: 3
  • Sewer Water: Public Sewer Available, Public Water Available

Lot Info

  • Parcel Number: 94.064-4-4

Multi Family

  • Total Number Of Apartments: 3

Tax Info

  • Total Taxes: 5499

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Nov 18, 2016
Sold by
Wells Fargo Bank Wells Fargo Bank N and Wells Fargo Bank A
Bought by
Arakelian David
Seller's Agent
Wayne Weaver
Real Estate Advantage
Buyer's Agent
Wayne Weaver
Real Estate Advantage
List Price
$18,000
Sold Price
$18,000
Current Estimated Value
$122,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,000
Avg. Annual Appreciation
23.46%

Purchase Details

Closed on
Aug 2, 2016
Sold by
Cyzeski Paul J. By and Cyzeski Erich S Weyand Esq
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 23, 2006
Sold by
Chambers Glen
Bought by
Cyeski Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2002
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Arakelian David $20,500 David Laub
Wells Fargo Bank Na $156,293 Gross Polowy, Llc.
Cyeski Paul $105,000 Daniel Palumbo
Chambers Glen -- Nicholas Dicerbo Jr.
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chambers Glen $94,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2016 12/02/16 Sold $18,000 0.0% $4 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $18,000 -- $4 / 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 $6,418 $101,500 $6,100 $95,400
2023 $3,821 $101,500 $6,100 $95,400
2022 $3,876 $101,500 $6,100 $95,400
2021 $3,988 $101,500 $6,100 $95,400
2020 $4,016 $101,500 $6,100 $95,400
2019 $1,524 $101,500 $6,100 $95,400
2018 $5,475 $101,500 $6,100 $95,400
2017 $4,114 $101,500 $6,100 $95,400
2016 $4,069 $101,500 $6,100 $95,400
2015 -- $101,500 $6,100 $95,400
2014 -- $101,500 $6,100 $95,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: 1041395

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200-094-064-0004-004-000-0000