NOT LISTED FOR SALE

707 W Sullivan St Olean, NY 14760

-- Bed
-- Bath
3,744 Sq Ft
7,500 Sq Ft Lot

Last Sold November 08, 2018

Last sale price $30,000 $8 Per Sq Ft

59 Days on Market

Highlights

  • Wood Flooring
  • Electric Air Filter
  • Multiple Heating Units
  • Forced Air Cooling System

About This Home

As of November 2018

GREAT Investment!! 4 Units...current rents Wayyyyyy below Market Value. Owner bought this home in 2005 and ha long term tenants in it- which made it difficult for him to raise the rent on them. So...if you're ready to make some money- your rents could be $2300+ instead of the current $1425.
House has 2 newer heaters in the upper apartments, a new roof on the back apartment, rest of the roof is about 20 yrs old. Come take a look and start making some money!!

Last Agent to Sell the Property

Claudia Attard-Keary

Listing by EXP-Premier Listings Team License #40AT1023399 Listed on: 06/08/2018

Last Buyer's Agent

Claudia Attard-Keary

Listing by EXP-Premier Listings Team License #40AT1023399 Listed on: 06/08/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 125 x 60

Interior Spaces

  • 3,744 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Cooling System
  • Electric Air Filter
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes lawn maintenance, no utilities, snow removal
  • Tax Lot 3
  • Assessor Parcel Number 041200-094-064-0004-003-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 48000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 125
  • Lot Dimension Front: 60
  • Lot Information: Neighborhood Street, Primary Road
  • Lot Number: 3
  • Nearest Cross Street: N 7th
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Acres: 174216.03
  • Ratio Close Price By Sq Ft: 8.01
  • Ratio List Price By Acres: 284552.85
  • Ratio List Price By Sq Ft: 13.09
  • Regional Board Code: Buffalo
  • Rent Includes: Lawn Maintenance, No Utilities, Snow Removal
  • School Tax: 1263
  • Sub Board Code: Buffalo
  • Type of Residence: 4 Unit
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 7500
  • Age of Building: 133
  • Year Built: 1890
  • Directions To Property: west state to n 6th house is on corner
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1890

Interior Features

  • Basement Description: Exterior Walkout, Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Number of Fireplaces Not Repto Code: 2
  • Total Sq Ft: 3744

Exterior Features

  • Construction: Composition
  • Number of Acres: 0.1722

Garage/Parking

  • Number of Electric Meters: 4

Utilities

  • Heating Fuel Description: Electric, Gas
  • Hvac Type: Electronic Air Filter, Forced Air
  • Number of Gas Meters: 4
  • Number of Heating Units: 4
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Lot Info

  • Parcel Number: 041200-094-064-0004-003-000-0000

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 4

Tax Info

  • Total Taxes: 2659

MLS Schools

  • School District Name: Olean
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

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2018 11/08/18 Sold $30,000 -38.8% $8 / Sq Ft
08/06/2018 08/06/18 Pending -- -- --
07/09/2018 07/09/18 Price Changed $49,000 -29.0% $13 / Sq Ft
06/08/2018 06/08/18 For Sale $69,000 -- $18 / 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
2024 $3,035 $48,000 $12,000 $36,000
2023 $1,807 $48,000 $12,000 $36,000
2022 $1,833 $48,000 $12,000 $36,000
2021 $1,886 $48,000 $12,000 $36,000
2020 $1,899 $48,000 $12,000 $36,000
2019 $720 $48,000 $12,000 $36,000
2018 $2,589 $48,000 $12,000 $36,000
2017 $1,946 $48,000 $12,000 $36,000
2016 $1,924 $48,000 $12,000 $36,000
2015 -- $48,000 $12,000 $36,000
2014 -- $48,000 $12,000 $36,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

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

MLS Number: B1124937

Western New York Real Estate Information Services (WNYREIS)