$37,700
SOLD OCT 18, 2019

714 Front St Olean, NY 14760

3 Beds
1 Bath
1,056 Sq Ft
6,875 Sq Ft Lot

Recently Sold

$36 Per Sq Ft

19% Below List Price

98 Days on Market

Highlights

  • Sun or Florida Room
  • 1 Car Attached Garage
  • Combination Dining and Living Room
  • Corner Lot
  • Ceramic Tile Flooring
  • Baseboard Heating

About This Home

As of March 2025

Cute 3 Bedroom home with some updates located on corner lot. Sold as is. Buyer pays for search survey and transfer tax.

Last Agent to Sell the Property

Tena Smith

Listing by Kyser Realty Inc. License #10311204648 Listed on: 06/07/2019

Last Buyer's Agent

Regis Handley

Listing by Howard Hanna Professionals - Olean License #10301215129

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 6,875 Sq Ft Lot
  • Lot Dimensions are 125 x 55
  • Corner Lot

Home Design

  • Block Foundation

Interior Spaces

  • 1,056 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Attached Garage
  • Dirt Driveway

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 45
  • Assessor Parcel Number 041200-094-050-0004-045-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 42900
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 125
  • Lot Dimension Front: 55
  • Lot Information: Corner Lot
  • Lot Number: 45
  • Nearest Cross Street: Paragon
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 238910.01
  • Ratio Close Price By Sq Ft: 35.70
  • Ratio List Price By Acres: 257287.71
  • Ratio List Price By Sq Ft: 38.45
  • Regional Board Code: Buffalo
  • School Tax: 1108
  • Styles of Residence: 2 Story
  • Sub Board Code: Buffalo
  • Type of Sale: Bank Owned / REO
  • Year Built Description: Existing
  • Lot Sq Ft: 6875
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: Front St
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: Florida/Sun Room- Unheated
  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Ceramic-Some, Wall To Wall Carpet-Some
  • Kitchen Dining Description: Living/Dining Combo
  • Number of Bedrooms 2nd Floor: 3
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 7
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1056

Exterior Features

  • Construction: Aluminum/Steel, Wood
  • Number of Acres: 0.1578

Garage/Parking

  • Driveway Description: Dirt
  • Garage Description: Attached
  • Number of Garage Spaces: 1.0000

Utilities

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

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-050-0004-045-000-0000

Tax Info

  • Total Taxes: 2274

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2024
Closed on
Mar 4, 2025
Sold by
Cornell Dana
Bought by
Redding Karen F
Seller's Agent
Paul Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Karen Redding
Real Estate Pros & More
List Price
$79,900
Sold Price
$50,000
Premium/Discount to List
-$29,900
-37.42%
Total Days on Market
98
Views
47
Current Estimated Value
$54,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,833
Avg. Annual Appreciation
26.59%

Purchase Details

Listed on
Jun 7, 2019
Closed on
Oct 25, 2019
Sold by
Nationstar Mortgage Llc D
Bought by
Cornell Dana
Seller's Agent
Tena Smith
Kyser Realty Inc.
Buyer's Agent
Regis Handley
Howard Hanna Professionals - Olean
List Price
$46,400
Sold Price
$37,700
Premium/Discount to List
-$8,700
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%

Purchase Details

Listed on
Jun 7, 2019
Closed on
Sep 17, 2019
Sold by
Nationstar Mortgage Llc
Bought by
Cornell Dana
Seller's Agent
Tena Smith
Kyser Realty Inc.
Buyer's Agent
Regis Handley
Howard Hanna Professionals - Olean
List Price
$46,400
Sold Price
$37,700
Premium/Discount to List
-$8,700
-18.75%

Purchase Details

Listed on
Jun 7, 2019
Closed on
Sep 12, 2019
Sold by
Nationstar Mortgage Llc D
Bought by
Cornell Dana
Seller's Agent
Tena Smith
Kyser Realty Inc.
Buyer's Agent
Regis Handley
Howard Hanna Professionals - Olean
List Price
$46,400
Sold Price
$37,700
Premium/Discount to List
-$8,700
-18.75%

Purchase Details

Closed on
Apr 30, 2019
Sold by
Buchanan Jeffery
Bought by
Nationstar Mortgage Llc D

Purchase Details

Closed on
Apr 22, 2019
Sold by
Buchanan Jeffery T and Nationstar Mortgage Llc
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Jul 1, 2011
Sold by
County Of Cattaraugus
Bought by
Buchanan Jeffery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,813
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2010
Sold by
County Of Cattaraugus
Bought by
B & B Development Of Olean Llc

Purchase Details

Closed on
Jun 4, 2010
Sold by
County Of Cattaraugus
Bought by
Reed Ryan

Purchase Details

Closed on
Mar 3, 2009
Sold by
Miles Nancy
Bought by
County Of Cattaraugus

Purchase Details

Closed on
Jun 12, 2000

Purchase Details

Closed on
Dec 10, 1999
Sold by
Sibley Mortgage Corporation
Bought by
Secretary Of Housing And Urban Development
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

Date Type Sale Price Title Company
Warranty Deed $50,000 None Available
Deed $37,700 None Available
Deed $37,700 --
Deed $37,700 None Available
Deed In Lieu Of Foreclosure $53,925 None Available
Deed In Lieu Of Foreclosure $53,925 None Available
Foreclosure Deed $40,000 --
Deed $44,000 Gregory E Shemeld
Deed $44,000 Gregory E Shemeld
Deed -- Daniel Derose
Deed -- Daniel Derose
Deed $14,000 --
Deed $14,000 --
Foreclosure Deed -- --
Foreclosure Deed -- --
Deed $23,000 --
Deed $23,000 --
Deed -- Marvin R Baum
Deed -- Marvin R Baum
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,000 Commercial
Previous Owner $51,813 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 Sold $50,000 0.0% $47 / Sq Ft
02/18/2025 02/18/25 Pending -- -- --
02/13/2025 02/13/25 Price Changed $50,000 -37.4% $47 / Sq Ft
02/12/2025 02/12/25 For Sale $79,900 0.0% $76 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
11/13/2024 11/13/24 Price Changed $79,900 -11.1% $76 / Sq Ft
11/11/2024 11/11/24 For Sale $89,900 +138.5% $85 / Sq Ft
10/18/2019 10/18/19 Sold $37,700 -7.1% $36 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
08/11/2019 08/11/19 Price Changed $40,600 -6.7% $38 / Sq Ft
07/23/2019 07/23/19 Price Changed $43,500 -6.3% $41 / Sq Ft
06/07/2019 06/07/19 For Sale $46,400 -- $44 / 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 $1,620 $42,900 $5,200 $37,700
2023 $1,615 $42,900 $5,200 $37,700
2022 $1,638 $42,900 $5,200 $37,700
2021 $1,686 $42,900 $5,200 $37,700
2020 $1,698 $42,900 $5,200 $37,700
2019 $1,103 $42,900 $5,200 $37,700
2018 $2,222 $42,900 $5,200 $37,700
2017 $1,063 $42,900 $5,200 $37,700
2016 $1,026 $42,900 $5,200 $37,700
2015 -- $42,900 $5,200 $37,700
2014 -- $42,900 $5,200 $37,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1199909

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-050-0004-045-000-0000