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1 East Main Street

1 East Main Street, Allegany, NY 14706
Commercial in Allegany
1 East Main Street has been categorized by the local assessors in Allegany, NY as a commercial type of property. The building on the property was first built in 1900 and is 124 years old. The building has a total of 2 stories. In addition, 1 East Main Street has 5,025 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,120 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,800 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, the home is utilizing oil. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1 East Main Street sold most recently in Dec 13, 2019 for a total of $110,000. If you work out the math, that's approximately a cost of $31.21 per sqft. Before that, the property was also sold for $85,000 in May 9, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,478 in taxes each year. 1 East Main Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $85,000. If we break it down further, the land itself was valued at $2,200. Improvements to the property, however, were assessed at a total of $82,800. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 1,500
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,800
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 250
  • Total Building Area: 3,525
  • Gross Building Area: 3,525
  • Building Area: 3,525
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,025
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Land Acres: 0.064
  • Standard Land Use Code: Commercial/office/residential (mixed use)
  • Legal Description 1: 08 02 05 BURTON BAR

Ownership

  • Current Owner : 8889 BURTON HOLDINGS LLC
  • Previous Owner : 1 EAST MAIN STRE ALLEGANY
  • Previous Owner 2: 1 EAST MAIN STREET INC
  • Owner Before Previous Owner: COLLINS MARLENE A
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Allegany-Limestone Central School District
  • School Tax School District: ALLEGANY-LIMEST
  • Census Tract: 961100

Zoning

  • Zoning: B2

Geography

  • Account Number: 2291
  • District: 042001
  • Section: 93.51
  • Parcel: 042001 93.051-2-55
  • Block: 2
  • Lot: 55.000
  • Municipality: ALLEGANY
  • Latitude: 42.0901
  • Longitude: -78.4941

    Address

  • Full Address: 1 E Main St
  • Address - House Number: 1
  • Street Direction: E
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: NY
  • City Name: Allegany
  • Carrier Code: C002
  • 4-Digit Zip Code: 1301
  • Zip Code: 14706

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,478
  • Tax Rate Code Area: 042001

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $550,000
  • First Open Lien Mortgage Lender: CATTARAUGUS COUNTY BANK
  • First Open Lien Mortgage Recording Date: Jul 14, 2023
  • First Open Lien Mortgage Loan Amount: $550,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Jul 14, 2053

    Market Valuation

  • Market Total Value: $119,718
  • Market Land Value: $3,099
  • Market Improvement Value: $116,619

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,000
  • Assessed Land Value: $2,200
  • Assessed Improvements Value: $82,800

    Sales

  • Current Sale Contract Date: Dec 13, 2019
  • Current Sale Recording Date: Dec 13, 2019
  • Current Sale Transaction ID: 11754249006
  • Current Sale Price: $110,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 10, 2013
  • Previous Sale Contract Date: May 09, 2013
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Deed

About Allegany



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Frequently Asked Questions

What neighborhood is 1 East Main Street located in?
The 1 East Main Street is a commercial located in the neighborhood of Allegany in Allegany, Allegany.
What is the average sales price for listings in 1 East Main Street?
The average sales price for units in 1 East Main Street is $0 currently.

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