NOT LISTED FOR SALE

705 Front St Olean, NY 14760

Estimated Value: $73,000 - $106,000

3 Beds
2 Baths
1,820 Sq Ft
$51/Sq Ft Est. Value

Last Sold April 16, 2013

Last sale price $40,000 $22 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $612/month

136 Days on Market

Highlights

  • Deck
  • Cathedral Ceiling
  • Partial Attic
  • Traditional Architecture
  • Wood Flooring
  • 1 Car Detached Garage

About This Home

As of April 2013

This is a attractive older city home with numerous improvements, some of which are still in progress. It is listed as a single family but could easily be a 2 family. Gas and electric are metered separately. 1st floor is in move-in condition with a added features of having radiant heat in the floor, updated kitchen and large modern bath. Make sure you check this one out.

Last Agent to Sell the Property

Ron Wolf

Listing by Real Estate Pros & More License #30WO0580127 Listed on: 10/22/2012

Last Buyer's Agent

Jon Farleo

Listing by Howard Hanna Professionals - Olean License #10301214488

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 107 x 53
  • Rectangular Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Stone Foundation
  • Partial Copper Plumbing

Interior Spaces

  • 1,820 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Electric Fireplace
  • Drapes & Rods
  • Combination Dining and Living Room
  • Partial Attic

Kitchen

  • Country Kitchen
  • Free-Standing Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Schools

  • East View Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 041200-094-058-0001-004-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Age: 77
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 63500
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 107
  • Lot Dimension Front: 53
  • Lot Information: Neighborhood Street
  • Lot Shape: Rectangular
  • L P Per Acre: 353076.9200
  • List Price per Sq Ft: 25.2197
  • Nearest Cross Street: Prospect Ave.
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 307692.31
  • Ratio Close Price By Sq Ft: 21.98
  • Ratio List Price By Acres: 353076.92
  • Ratio List Price By Sq Ft: 25.22
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1525
  • Sale Price List Price: 0.8714
  • S P Per Acre: 307692.3100
  • S P Per Sq Ft: 21.9800
  • Styles of Residence: Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Value Range Search Low Price: 45900.00
  • Year Built Description: Existing
  • Age of Building: 87
  • Year Built: 1935
  • Directions To Property: Turn left from east state st onto front. Watch for sign
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1935

Interior Features

  • Full Bathrooms: 2
  • Additional Interior Features: Cathedral Ceiling, Circuit Breakers - Some, Copper Plumbing - Some, Drapes - Some
  • Additional Rooms: Porch - Enclosed, Porch - Open
  • Attic Description: Partial
  • Basement Description: Crawl Space, Partial
  • Floor Description: Ceramic-Some, Hardwood-Some, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Oven/Range Freestanding, Refrigerator
  • Kitchen Dining Description: Country Kitchen, Living/Dining Combo
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 2
  • Number of Fireplaces Artificial: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 7
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1820

Exterior Features

  • Construction: Aluminum/Steel, Brick
  • Additional Exterior Features: Deck
  • Number of Acres: 0.1300

Garage/Parking

  • Driveway Description: Blacktop
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Baseboard, Hot Water
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Olean
  • Elementary School: East View Elementary
  • Middle School: Olean Middle
  • High School: Olean Senior High

Lot Info

  • Parcel Number: 041200-094-058-0001-004-000-0000

Tax Info

  • Total Taxes: 3242

MLS Schools

  • Elementary School Name: East View Elementary
  • High School Name: Olean Senior High
  • Middle School Name: Olean Middle
  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2012
Closed on
Apr 15, 2013
Sold by
Gilbert Jay Wesley
Bought by
Smith Timothy
Seller's Agent
Ron Wolf
Real Estate Pros & More
Buyer's Agent
Jon Farleo
Howard Hanna Professionals - Olean
List Price
$54,900
Sold Price
$40,000
Premium/Discount to List
-$14,900
-27.14%
Current Estimated Value
$92,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,124
Avg. Annual Appreciation
6.83%

Purchase Details

Closed on
Nov 9, 2001
Sold by
Estate Derose Mary J
Bought by
Becelia Lawrence W
Source: Public Records

Range of Values:

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Average Value
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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
Smith Timothy $40,000 Gregory Shemeld
Becelia Lawrence W $28,000 Ronald D Ploetz
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2013 04/16/13 Sold $40,000 -27.1% $22 / Sq Ft
03/07/2013 03/07/13 Pending -- -- --
10/22/2012 10/22/12 For Sale $54,900 -- $30 / 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 $1,510 $40,000 $4,800 $35,200
2023 $1,506 $40,000 $4,800 $35,200
2022 $1,528 $40,000 $4,800 $35,200
2021 $1,572 $40,000 $4,800 $35,200
2020 $1,583 $40,000 $4,800 $35,200
2019 $600 $40,000 $4,800 $35,200
2018 $2,158 $40,000 $4,800 $35,200
2017 $1,621 $40,000 $4,800 $35,200
2016 $1,604 $40,000 $4,800 $35,200
2015 -- $40,000 $4,800 $35,200
2014 -- $40,000 $4,800 $35,200
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B418648

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-058-0001-004-000-0000