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Olean 14760
121 S 9th Street
$93,000
● House - Off Market

121 S 9th Street

Olean, NY 14760
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,750 Ft²
$847
Est. Monthly

About This Property

Discover the essence of refined living in this exquisite 4-bedroom home nestled in the sought-after West Olean neighborhood. Hardwood floors flow gracefully throughout, lending a timeless charm to the spacious interior. Entertain with ease in the formal dining room and living room, where gatherings are elevated by the classic ambiance. Step outside onto the back deck, a tranquil oasis offering a perfect retreat for relaxation or al fresco dining amidst the serene surroundings. The convenience of a 2-car detached garage adds practicality to the property, ensuring ample parking and storage space. Embrace the allure of West Olean living in this meticulously maintained residence, where comfort and elegance seamlessly converge.
Unit Size
1,750 Ft²
Days on Market
178 days
Land Size
0.11 acres
Price per sqft
$62
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1890

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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: 4 months ago (NYSAMLS #R1533595)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Aug 14, 2024 In contract -
In contract
Apr 23, 2024 Listed by Howard Hanna Professionals $109,000
Listed by Howard Hanna Professionals
Oct 3, 2023 Sold
Premium
Sold
Jan 8, 2022 No longer available -
No longer available
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 375
  • Total Building Area: 1,750
  • Building Area: 1,750
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,750
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School Tax School District: OLEAN CITY
  • Census Tract: 961600

Zoning

  • Zoning: R3

Geography

  • Account Number: 037010
  • District: 041200
  • Section: 94.64
  • Parcel: 041200 94.064-12-55
  • Block: 12
  • Lot: 55.000
  • Municipality: OLEAN
  • Latitude: 42.0763
  • Longitude: -78.4407

    Address

  • Full Address: 121 S 9th St
  • Address - House Number: 121
  • Street Direction: S
  • Address - Street Name: 9th
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C006
  • 4-Digit Zip Code: 3407
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $192,670
  • Tax Rate Code Area: 41200

    Market Valuation

  • Market Total Value: $88,462
  • Market Land Value: $6,026
  • Market Improvement Value: $82,436

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,000
  • Assessed Land Value: $4,700
  • Assessed Improvements Value: $64,300

    Sales

  • Current Sale Contract Date: Sep 21, 2023
  • Current Sale Recording Date: Oct 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202313731
  • Previous Sale Recording Date: Dec 21, 2016
  • Previous Sale Contract Date: Dec 21, 2016
  • Previous Sale Amount: $44,000
  • 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

83

Average Home Size

1737 ft²

Average Home Age

113.7 years

Currently For Sale

64 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: 4 months ago
Data Source: NYSAMLSs, MLS# R1533595

Frequently Asked Questions

When was property at 121 South 9th Street built and last sold?
The property at 121 South 9th Street was built in 1890 and last sold on Sep 21, 2023 for $58,000.
How much is this home worth?
The estimated value of the home located at 121 South 9th Street is $110,383.
What are some comparable homes to 121 South 9th Street?
There are currently no comparable homes to 121 South 9th Street.
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