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Olean 14760
111 N 17th Street
$130,000
● House - Off Market

111 N 17th Street

Olean, NY 14760
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,296 Ft²
$958
Est. Monthly

About This Property

A wonderful old style home located in the City of Olean, offering 3 bedrooms and 1.5 bath. Entering the home you will notice a covered porch on the front and an open deck on the back. This home has ample space in the family room as well as dining. You will find all three bedrooms upstairs along with the full bathroom. The backyard is fully fenced in along with a carport to park your car under. This home is MOVE-IN ready and will not last.

All patches on walls will be sanded and painted before closing.
Unit Size
1,296 Ft²
Days on Market
55 days
Land Size
0.10 acres
Price per sqft
$100
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (NYSAMLS #R1572733)

Price History

Date / Event Date Event Price
Dec 19, 2024 Sold
Premium
Sold
Nov 4, 2024 In contract -
In contract
Oct 25, 2024 Listed by Howard Hanna Professionals $129,900
Listed by Howard Hanna Professionals
Feb 1, 2022 Sold
Premium
Sold
Nov 8, 2021 Listed by Howard Hanna Professionals $89,500
Listed by Howard Hanna Professionals
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 17
  • 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: 3
  • Garage Square Area: 221
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,200
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • 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: 047370
  • District: 041200
  • Section: 94.63
  • Parcel: 041200 94.063-4-15
  • Block: 4
  • Lot: 15.000
  • Municipality: OLEAN
  • Latitude: 42.0783
  • Longitude: -78.4508

    Address

  • Full Address: 111 N 17th St
  • Address - House Number: 111
  • Street Direction: N
  • Address - Street Name: 17th
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C012
  • 4-Digit Zip Code: 1924
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $201,046
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1534
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 29,105
  • High Value: 33,571
  • Low Value: 24,638

    Market Valuation

  • Market Total Value: $92,308
  • Market Land Value: $5,769
  • Market Improvement Value: $86,539

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,000
  • Assessed Land Value: $4,500
  • Assessed Improvements Value: $67,500

    Sales

  • Current Sale Contract Date: Jan 28, 2022
  • Current Sale Recording Date: Feb 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202211271
  • Previous Sale Recording Date: Apr 12, 2019
  • Previous Sale Contract Date: Apr 10, 2019
  • Previous Sale Amount: $41,555
  • 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

Unit for rent at 315 Laurens Street, Olean, NY, 14760

$2,250 /mo

  • 2 Beds
  • 1 Bath
  • 4,621 ft²
315 Laurens Street, Olean, NY, 14760 Listing by Myoungjin Joo

Rentals Near You

Click here to view more rentals in the neighborhood.
NYSAMLS

Last Updated: 5 months ago
Data Source: NYSAMLSs, MLS# R1572733

Frequently Asked Questions

When was property at 111 North 17th Street built and last sold?
The property at 111 North 17th Street was built in 1920 and last sold on Jan 28, 2022 for $90,000.
How much is this home worth?
The estimated value of the home located at 111 North 17th Street is $125,386.
What are some comparable homes to 111 North 17th Street?
There are currently no comparable homes to 111 North 17th Street.
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