NOT LISTED FOR SALE

716 Washington St Olean, NY 14760

Estimated Value: $65,000 - $91,000

2 Beds
1 Bath
1,100 Sq Ft
$74/Sq Ft Est. Value

Last Sold April 23, 2015

Last sale price $9,000 $8 Per Sq Ft

Est. 803% increase in value since last sale

Current estimated payment $507/month

125 Days on Market

Highlights

  • Traditional Architecture
  • L-Shaped Dining Room
  • Rectangular Lot
  • Wood Flooring
  • Forced Air Cooling System
  • 4-minute walk to Oak Hill Park

About This Home

As of April 2015

This priced needs some TLC. It is priced to sell in the teens. It has two bedrooms and one full bathroom. There is off street parking. Call today for more details.

Last Agent to Sell the Property

Dennis Pezzimenti

Listing by Howard Hanna Professionals - Olean License #10491207167 Listed on: 12/05/2014

Howard Hanna Professionals - Olean

Last Buyer's Agent

Joseph Chamberlain

Listing by No Office Affiliation License #10301220925

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 87 x 37
  • Rectangular Lot

Home Design

  • Traditional Architecture
  • Stone Foundation

Interior Spaces

  • 1,100 Sq Ft Home
  • 2-Story Property
  • L-Shaped Dining Room
  • Formal Dining Room
  • Basement Fills Entire Space Under The House
  • Scuttle Attic Hole
  • Gas Range
  • Laundry on main level

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • No Garage
  • Stone Driveway

Schools

  • Washington West Elementary School
  • Olean Middle School
  • Olean Senior High School

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 041200-094-064-0004-067-000-0000

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Age: 104
  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 42500
  • Foundation Description: Stone
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 87
  • Lot Dimension Front: 37
  • Lot Information: Neighborhood Street
  • Lot Shape: Rectangular
  • L P Per Acre: 284285.7100
  • List Price per Sq Ft: 18.0909
  • Nearest Cross Street: North 7th Street
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 128571.43
  • Ratio Close Price By Sq Ft: 8.18
  • Ratio List Price By Acres: 284285.71
  • Ratio List Price By Sq Ft: 18.09
  • Regional Board Code: Buffalo
  • Regional Board Number: 6375
  • School Tax: 1072
  • Sale Price List Price: 0.4522
  • S P Per Acre: 128571.4300
  • S P Per Sq Ft: 8.1800
  • Styles of Residence: Traditional
  • Sub Board Code: Buffalo
  • Type of Sale: Bank Owned / REO
  • Value Range Search Low Price: 19900.00
  • Year Built Description: Existing
  • Age of Building: 112
  • Year Built: 1910
  • Directions To Property: On the corner of Washington Street and North 7th Street.
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Full Bathrooms: 1
  • Additional Interior Features: Circuit Breakers - Some
  • Additional Rooms: Laundry-1st Floor
  • Attic Description: Scuttle Access
  • Basement Description: Full
  • Floor Description: Linoleum/Vinyl, Wood-Some
  • Kitchen Appliances Included: Oven/Range Gas
  • Kitchen Dining Description: Dining L, Formal Dining Room
  • Number of Bedrooms 2nd Floor: 2
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 1100

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Cable TV Available
  • Number of Acres: 0.0700

Garage/Parking

  • Driveway Description: Stone/Gravel
  • Garage Description: No Garage

Utilities

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

Lot Info

  • Parcel Number: 041200-094-064-0004-067-000-0000

Tax Info

  • Total Taxes: 2245

MLS Schools

  • Elementary School Name: Washington West 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
Dec 5, 2014
Closed on
Apr 22, 2015
Sold by
Olean Area Federal Cu
Bought by
Barlett Linda
Seller's Agent
Dennis Pezzimenti
Howard Hanna Professionals - Olean
Buyer's Agent
Joseph Chamberlain
No Office Affiliation
List Price
$19,900
Sold Price
$9,000
Premium/Discount to List
-$10,900
-54.77%
Current Estimated Value
$81,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,303
Avg. Annual Appreciation
22.89%

Purchase Details

Closed on
Aug 14, 2009
Sold by
Scull Daniel
Bought by
Backer Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,400
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2004
Sold by
Wilson Stella
Bought by
Scull Daniel

Purchase Details

Closed on
Jun 27, 2003
Sold by
Wilson Stella E
Bought by
Chamberlain Joseph R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Barlett Linda $9,000 Gregory Shemeld
Backer Allen $38,000 Daniel Derose
Scull Daniel $37,000 Daniel Derose
Chamberlain Joseph R $13,500 Gregory Shemeld
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Backer Allen $30,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2015 04/23/15 Sold $9,000 -54.8% $8 / Sq Ft
04/09/2015 04/09/15 Pending -- -- --
12/05/2014 12/05/14 For Sale $19,900 -- $18 / 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 $2,687 $42,500 $2,800 $39,700
2023 $1,600 $42,500 $2,800 $39,700
2022 $1,623 $42,500 $2,800 $39,700
2021 $1,670 $42,500 $2,800 $39,700
2020 $1,682 $42,500 $2,800 $39,700
2019 $638 $42,500 $2,800 $39,700
2018 $2,293 $42,500 $2,800 $39,700
2017 $1,723 $42,500 $2,800 $39,700
2016 $1,704 $42,500 $2,800 $39,700
2015 -- $42,500 $2,800 $39,700
2014 -- $42,500 $2,800 $39,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B465530

Western New York Real Estate Information Services (WNYREIS)

APN: 041200-094-064-0004-067-000-0000