$52,000
SOLD MAY 20, 2021

850 S Union St Olean, NY 14760

2 Beds
1 Bath
840 Sq Ft
4,396 Sq Ft Lot

Recently Sold

$62 Per Sq Ft

26% Below List Price

31 Days on Market

Highlights

  • Cape Cod Architecture
  • Corner Lot
  • Country Kitchen
  • Full Attic
  • 1 Car Detached Garage
  • Enclosed Patio or Porch

About This Home

As of April 2023

Newly remodeled 2/3 bedroom home located in city but with country lot. New kitchen, bath, windows, exterior doors, walls, plumbing, wiring, heating and floors. Both bedrooms have been remodeled. 1st floor laundry, full basement, 1 car garage. This property has 3 other parcels included with it (846, 848 S. Union and 635 Martha Ave)

Last Agent to Sell the Property

Mary Karst

Listing by Howard Hanna Professionals - Olean License #30KA0826754 Listed on: 02/08/2021

Howard Hanna Professionals - Olean

Last Buyer's Agent

Kelly Patrone

Listing by Howard Hanna Professionals - Olean License #30PA0967867

Howard Hanna Professionals - Olean

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,086

Year Built

  • Built in 1950

Lot Details

  • 4,396 Sq Ft Lot
  • Lot Dimensions are 109 x 40
  • Corner Lot

Home Design

  • Cape Cod Architecture
  • Block Foundation

Interior Spaces

  • 840 Sq Ft Home
  • 1.5-Story Property
  • Country Kitchen
  • Laundry on main level

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Attic

  • Full Attic
  • Unfinished Attic

Basement

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

Parking

  • 1 Car Detached Garage
  • Stone Driveway

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 041200-094-081-0001-014-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,086

Year Built

Built in 1950

Lot Details

0

Listing Details

  • NY Swis Code: Olean-City-041200
  • Total Assessed Value: 15000
  • Foundation Description: Block
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 109
  • Lot Dimension Front: 40
  • Lot Information: Corner Lot
  • Lot Number: 14
  • Nearest Cross Street: Martha Ave Extension
  • Number of Stories: 1.5000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 515361.74
  • Ratio Close Price By Sq Ft: 61.90
  • Ratio List Price By Acres: 692765.11
  • Ratio List Price By Sq Ft: 83.21
  • Regional Board Code: Rochester
  • School Tax: 261
  • Styles of Residence: Cape Cod
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 4396
  • Age of Building: 72
  • Year Built: 1950
  • Above Grade Finished Sq Ft: 840
  • Directions To Property: Route 16S to South Union Street Extension. The property is on the corner of South Union Street Extension and Martha Ave Extension.
  • Sq Ft Total Pub: 840
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1950

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: 1st Floor Bedroom, Laundry-1st Floor, Porch - Enclosed
  • Attic Description: Full, Unfinished
  • Basement Description: Exterior Walkout, Full
  • Floor Description: Laminate-Some, Tile-Some
  • Kitchen Appliances Included: Refrigerator
  • Kitchen Dining Description: Country Kitchen, Pantry
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 6
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Total Sq Ft: 840

Exterior Features

  • Number of Acres: 0.1009

Garage/Parking

  • Driveway Description: Stone/Gravel
  • Garage Description: Detached
  • Number of Garage Spaces: 1.0000

Utilities

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

Schools

  • School District: Olean

Lot Info

  • Parcel Number: 041200-094-081-0001-014-000-0000

Tax Info

  • Total Taxes: 1086

MLS Schools

  • School District Name: Olean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
Apr 26, 2023
Sold by
Comstock Taylor L
Bought by
Kwiatkowski Matthew C
Seller's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
Buyer's Agent
John Skadowski
Howard Hanna Professionals - Olean
List Price
$89,000
Sold Price
$89,000
Current Estimated Value
$96,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,540
Avg. Annual Appreciation
3.58%
Original Mortgage
$71,200
Outstanding Balance
$69,657
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$27,252

Purchase Details

Listed on
Feb 8, 2021
Closed on
May 28, 2021
Sold by
Warfield Randy E
Bought by
Comstock Taylor L
Seller's Agent
Mary Karst
Howard Hanna Professionals - Olean
Buyer's Agent
Kelly Patrone
Howard Hanna Professionals - Olean
List Price
$69,900
Sold Price
$52,000
Premium/Discount to List
-$17,900
-25.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.92%
Original Mortgage
$49,400
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $89,000 None Available
Warranty Deed $52,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $71,200 Purchase Money Mortgage
Previous Owner $49,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $89,000 0.0% $106 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/24/2023 02/24/23 For Sale $89,000 +71.2% $106 / Sq Ft
05/20/2021 05/20/21 Sold $52,000 -25.6% $62 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $69,900 -- $83 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $1,699 $45,000 $3,500 $41,500
2023 $1,694 $45,000 $3,500 $41,500
2022 $1,719 $45,000 $3,500 $41,500
2021 $1,768 $45,000 $3,500 $41,500
2020 $594 $15,000 $3,500 $11,500
2019 $392 $15,000 $3,500 $11,500
2018 $809 $15,000 $3,500 $11,500
2017 $608 $15,000 $3,500 $11,500
2016 $601 $15,000 $3,500 $11,500
2015 -- $15,000 $3,500 $11,500
2014 -- $15,000 $3,500 $11,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1318435

Chautauqua-Cattaraugus Board of REALTORS®

APN: 041200 94.081-1-14 01