NOT LISTED FOR SALE

7420 Poverty Hill Rd Ellicottville, NY 14731

Estimated Value: $391,000 - $508,000

3 Beds
3.5 Baths
1,962 Sq Ft
$227/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $230,000 $117 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,956/month

366 Days on Market

Highlights

  • Deck
  • Secluded Lot
  • Wood Flooring
  • Contemporary Architecture
  • Cathedral Ceiling
  • Whirlpool Bathtub

About This Home

As of August 2019

Nestled into the woods, and yet just minutes from Ellicottviile, the cottage style home is so much more than a cottage, with three levels of living for the vacationing family or year round resident. The finished walk out basement level features a large mudroom with plenty of cabinetry and cubbies for outdoor gear, a large family room and full bath. Walk upstairs to the circular living level with bright spaces, cozy fireplace, kitchen, dining room with large wrap around deck, formal entry, and half bath. The upper bedroom level has a master suite complete with bath and balcony, spacious laundry room, two more bedrooms, and another full bath with shower and Jacuzzi tub. All levels look over the serene surroundings and a large shed helps contain your outdoor furnishings and maintenance gear.

Last Agent to Sell the Property

Amy DeTine

Listing by ERA Team VP Real Estate License #10301213951 Listed on: 06/18/2018

ERA Team VP Real Estate

Last Buyer's Agent

Jason Madden

Listing by 716 Realty Group WNY LLC License #10401244630

716 Realty Group WNY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,341

Year Built

  • Built in 1997

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 290 x 180
  • Property fronts a private road
  • Secluded Lot
  • Irregular Lot

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,962 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Woodwork
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Thermal Windows
  • Sliding Doors
  • Formal Dining Room

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Whirlpool Bathtub

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Finished Basement

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

Parking

  • No Garage
  • Stone Driveway

Outdoor Features

  • Balcony
  • Deck
  • Shed
  • Porch

Utilities

  • Forced Air Cooling System
  • Heating System Uses Propane
  • Well
  • Propane Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 043689-037-004-0001-031.9 and 32

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,341

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: Ellicottville-043689
  • Total Assessed Value: 229200
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 290
  • Lot Dimension Front: 180
  • Lot Information: Private Road, Rural Road, Secluded
  • Lot Number: 31
  • Lot Shape: Irregular
  • Nearest Cross Street: Maples Rd
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 383845.13
  • Ratio Close Price By Sq Ft: 117.23
  • Ratio List Price By Acres: 392189.59
  • Ratio List Price By Sq Ft: 119.78
  • Regional Board Code: Buffalo
  • School Tax: 1989
  • Styles of Residence: 2 Story, Contemporary
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 26100
  • Age of Building: 25
  • Year Built: 1997
  • Directions To Property: Rte 219 to right on Elizabeth St to right on Mechanic which turns into Maples Rd. Turn right on to Poverty Hill Rd - continue over hill and watch for a cluster of street numbers on the right including 7420. Home is 1st drive on right
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Cathedral Ceiling, Ceiling Fan, Furnished, Natural Woodwork - some, Skylight, Sliding Glass Door, Whirlpool Tub
  • Additional Rooms: Basement / Rec Room, Foyer/Entry Hall, Laundry-2nd Floor, Living Room, Master Bedroom Bath, Porch - Open
  • Basement Description: Exterior Walkout, Finished, Full
  • Floor Description: Hardwood-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Dryer, Oven/Range Gas, Refrigerator, Washer
  • Kitchen Dining Description: Formal Dining Room, Living/Dining Combo
  • Number of Bedrooms 2nd Floor: 3
  • Number of Fireplaces Total Calculated: 1
  • Number of Fireplaces Woodburning: 1
  • Number of 2nd Floor Full Bathrooms: 2
  • Number of 3rd Floor Full Bathrooms: 1
  • Number of 1st Floor Half Bathrooms: 1
  • Number of Rooms: 8
  • Half Bathrooms: 1
  • Total Bathrooms: 3.10
  • Total Bedrooms: 3
  • Total Sq Ft: 1962

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Balcony, Deck, Thermal Windows - Some
  • Number of Acres: 0.5992

Garage/Parking

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

Utilities

  • Heating Fuel Description: Propane
  • Hvac Type: Forced Air
  • Sewer Description: Septic
  • Water Heater Fuel: Propane

Condo/Co-op/Association

  • HOA Fees: 400
  • HOA Fees Description: Annually

Schools

  • School District: Ellicottville

Lot Info

  • Parcel Number: 043689-037-004-0001-031.9 and 32

Tax Info

  • Total Taxes: 5341

MLS Schools

  • School District Name: Ellicottville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2018
Closed on
Aug 13, 2019
Sold by
Franke Paul
Bought by
Hennon Mark W
Seller's Agent
Amy DeTine
ERA Team VP Real Estate
Buyer's Agent
Jason Madden
716 Realty Group WNY LLC
List Price
$239,000
Sold Price
$230,000
Premium/Discount to List
-$9,000
-3.77%
Current Estimated Value
$445,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,609
Avg. Annual Appreciation
11.35%
Original Mortgage
$181,600
Outstanding Balance
$123,555
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$315,373

Purchase Details

Listed on
Jun 18, 2018
Closed on
Aug 12, 2019
Sold by
Franke Paul
Bought by
Hennon Mark W
Seller's Agent
Amy DeTine
ERA Team VP Real Estate
Buyer's Agent
Jason Madden
716 Realty Group WNY LLC
List Price
$239,000
Sold Price
$230,000
Premium/Discount to List
-$9,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Outstanding Balance
$123,555
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$315,373

Purchase Details

Closed on
Mar 10, 2017
Sold by
Waites Boyd
Bought by
Franke Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
4.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 12, 2007
Sold by
Gustafson Gregory
Bought by
Waites Boyd

Purchase Details

Closed on
Apr 17, 2000
Sold by
Stone Mark E
Bought by
Gustafson Gregory S
Source: Public Records

Range of Values:

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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
Hennon Mark W $227,000 None Available
Hennon Mark W $227,000 None Available
Franke Paul $222,500 None Available
Franke Paul $222,500 None Available
Waites Boyd $280,000 James Maccallum
Gustafson Gregory S $138,000 Robert W Grimm
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franke Paul $181,600
Closed Hennon Mark W $181,600
Previous Owner Franke Paul $178,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2019 08/12/19 Sold $230,000 -2.1% $117 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
09/16/2018 09/16/18 Price Changed $235,000 -1.7% $120 / Sq Ft
06/18/2018 06/18/18 For Sale $239,000 -- $122 / 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 $6,332 $229,200 $18,900 $210,300
2023 $5,991 $229,200 $18,900 $210,300
2022 $5,491 $229,200 $18,900 $210,300
2021 $5,228 $229,200 $18,900 $210,300
2020 $5,457 $229,200 $18,900 $210,300
2019 $2,193 $229,200 $18,900 $210,300
2018 $5,416 $229,200 $18,900 $210,300
2017 $5,311 $229,200 $18,900 $210,300
2016 $8,380 $259,200 $18,900 $240,300
2015 -- $259,200 $18,900 $240,300
2014 -- $259,200 $18,900 $240,300
Source: Public Records

Agents Affiliated with this Home

  • Amy DeTine

    Seller's Agent in 2019

    Amy DeTine

    ERA Team VP Real Estate

    (716) 583-3769

    82 in this area

    175 Total Sales

    Section Image
  • Jason Madden

    Buyer's Agent in 2019

    Jason Madden

    716 Realty Group WNY LLC

    (716) 491-9815

    3 in this area

    123 Total Sales

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Map

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

MLS Number: B1127785

Western New York Real Estate Information Services (WNYREIS)

APN: 043689-037-004-0001-031-009-0000

New York Cattaraugus County Ellicottville 14731

7420 Poverty Hill Rd, Ellicottville, NY

This home is located at 7420 Poverty Hill Rd, Ellicottville, NY 14731 since 18 June 2018 and is currently estimated at $445,609, approximately $227 per square foot. This property was built in 1997. 7420 Poverty Hill Rd is a home located in Cattaraugus County with nearby schools including Ellicottville Elementary School and Ellicottville Middle/High School.

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