NOT LISTED FOR SALE

707 W Sullivan St Olean, NY 14760

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

Sale Details

Date Sold: November 8, 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

7,500 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2018
Closed on
Nov 14, 2018
Sold by
Bought by
Seller's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
Buyer's Agent
Claudia Attard-Keary
EXP-Premier Listings Team
List Price
$69,000
Sold Price
$30,000
Premium/Discount to List
-$39,000
-56.52%

Purchase Details

Closed on
Sep 30, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0584%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2002
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2002
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2001
Sold by
Bought by

Purchase Details

Closed on
May 14, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1998
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$30,000 None Available
$52,000 Gregory Shemeld
$18,000 Daniel R Palumbo
$18,000 Daniel R Palumbo
$38,000 Harris Beach Llp
$59,500 --
$24,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $53,839
Closed $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,842 $48,000 $12,000 $36,000
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

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Map

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

MLS Number: B1124937

Western New York Real Estate Information Services (WNYREIS)
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