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Olean 14760
1021 N Union Street
$145,000
● House - Off Market

1021 N Union Street

Olean, NY 14760
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,588 Ft²
$916
Est. Monthly
12.62%
Cap Rate

About This Property

Step inside this beautifully remodeled North Olean home where classic charm meets modern convenience. Completely gutted and thoughtfully redesigned, this spacious home features gleaming hardwood floors, a stunning brand-new kitchen with updated appliances, and newer flooring throughout. Enjoy the ease of first-floor living with a convenient laundry area and a stylish half bath on the main level. Outside, you'll find a one-car detached garage and a manageable yard-perfect for low-maintenance living. With every detail updated, this move-in ready home is the perfect blend of comfort, function, and style. Don't miss your chance to make it yours!
Unit Size
1,588 Ft²
Days on Market
170 days
Land Size
0.08 acres
Price per sqft
$88
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1915

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 months ago (NYSAMLS #R1628791)

Price History

Date / Event Date Event Price
Jan 23, 2026 Sold
Premium
Sold
Nov 17, 2025 In contract -
In contract
Sep 20, 2025 Relisted $139,900
Relisted
Sep 12, 2025 In contract -
In contract
Sep 9, 2025 Relisted $139,900
Relisted
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,300
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,588
  • Building Area: 1,588
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,588
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000075
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961500

Zoning

  • Zoning: R3

Geography

  • Account Number: 061605
  • District: 041200
  • Section: 94.49
  • Parcel: 041200 94.049-1-9
  • Block: 1
  • Lot: 9.000
  • Municipality: OLEAN
  • Latitude: 42.0923
  • Longitude: -78.4352

    Address

  • Full Address: 1021 N Union St
  • Address - House Number: 1021
  • Street Direction: N
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C009
  • 4-Digit Zip Code: 1431
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $139,615
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1542
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 103,868
  • High Value: 119,890
  • Low Value: 87,845

    Market Valuation

  • Market Total Value: $64,103
  • Market Land Value: $4,103
  • Market Improvement Value: $60,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,000
  • Assessed Land Value: $3,200
  • Assessed Improvements Value: $46,800

    Sales

  • Current Sale Contract Date: Jan 11, 2022
  • Current Sale Recording Date: Jan 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202200655
  • Previous Sale Recording Date: Sep 12, 2005
  • Previous Sale Contract Date: Aug 08, 2005
  • Previous Sale Amount: $20,000
  • Previous Sale Document Type: 40
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Olean

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$86

Below Asking

0.05%

Average Days on Market

83

Average Home Size

1735 ft²

Average Home Age

113.7 years

Currently For Sale

63 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NYSAMLS

Last Updated: 9 months ago
Data Source: NYSAMLSs, MLS# R1628791

Frequently Asked Questions

When was property at 1021 North Union Street built and last sold?
The property at 1021 North Union Street was built in 1915 and last sold on Jan 11, 2022 for $32,000.
How much is this home worth?
The estimated value of the home located at 1021 North Union Street is $0.
What are some comparable homes to 1021 North Union Street?
There are currently no comparable homes to 1021 North Union Street.
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