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Olean 14760
109 S Fourteenth Street
$60,000
● House - Off Market

109 S Fourteenth Street

Olean-City, NY 14760
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,630 Ft²
$720
Est. Monthly
31.03%
Cap Rate

About This Property

Four bedroom home located in the heart of Olean NY. This home offers a great amount of potential and a clean slate to make your own. A fenced in back yard that offers privacy as well as a spacious front porch to enjoy the neighborhood. Be sure to check out this home while it lasts!
Unit Size
1,630 Ft²
Days on Market
183 days
Land Size
0.12 acres
Price per sqft
$52
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1920

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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: 2 years ago (NYSAMLS #R1579504)

Price History

Date / Event Date Event Price
Jun 11, 2025 Sold
Premium
Sold
May 21, 2025 In contract -
In contract
Feb 1, 2025 Price Decreased $85,000
↓ $10K (10.5%)
Price Decreased
Dec 10, 2024 Listed by Howard Hanna Professionals $95,000
Listed by Howard Hanna Professionals
Oct 6, 2023 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 250
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,120
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,630
  • Building Area: 1,630
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,630
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • 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: 961600

Zoning

  • Zoning: R3

Geography

  • Account Number: 016995
  • District: 041200
  • Section: 94.64
  • Parcel: 041200 94.064-10-89
  • Block: 10
  • Lot: 89.000
  • Municipality: OLEAN
  • Latitude: 42.0767
  • Longitude: -78.4467

    Address

  • Full Address: 109 S 14th St
  • Address - House Number: 109
  • Street Direction: S
  • Address - Street Name: 14th
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C006
  • 4-Digit Zip Code: 3315
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $252,642
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1528
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 101,070
  • High Value: 116,520
  • Low Value: 85,619

    Market Valuation

  • Market Total Value: $87,179
  • Market Land Value: $5,769
  • Market Improvement Value: $81,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,000
  • Assessed Land Value: $4,500
  • Assessed Improvements Value: $63,500

    Sales

  • Current Sale Contract Date: Sep 27, 2023
  • Current Sale Recording Date: Oct 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 202313911
  • Previous Sale Recording Date: Jan 11, 2013
  • Previous Sale Contract Date: Jan 08, 2013
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: 27
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

$85

Below Asking

0.05%

Average Days on Market

96

Average Home Size

1665 ft²

Average Home Age

108.5 years

Currently For Sale

44 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: 2 years ago
Data Source: NYSAMLSs, MLS# R1579504

Frequently Asked Questions

When was property at 109 South Fourteenth Street built and last sold?
The property at 109 South Fourteenth Street was built in 1920 and last sold on Sep 27, 2023 for $47,200.
How much is this home worth?
The estimated value of the home located at 109 South Fourteenth Street is $0.
What are some comparable homes to 109 South Fourteenth Street?
There are currently no comparable homes to 109 South Fourteenth Street.
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