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Olean 14760
126 S 11th Street
$39,900
● House - Off Market

126 S 11th Street

Olean, NY 14760
bedrooms
2 Beds
bathrooms
1 Bath
square feet
650 Ft²
$39,677
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

650 sqft Ranch with 2 bedrooms, 1 bath. Enough room for what you need, and not too big to clean. New hot water tank as well as water lines, updated flooring as well.
Unit Size
650 Ft²
Days on Market
43 days
Land Size
0.18 acres
Price per sqft
$61
Property Type
House
Property Taxes
$185
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 #R1480741)

Price History

Date / Event Date Event Price
Aug 11, 2023 Sold
Premium
Sold
Jul 4, 2023 In contract -
In contract
Jun 28, 2023 Listed by Howard Hanna Professionals $39,900
Listed by Howard Hanna Professionals
Sep 1, 2022 Sold
Premium
Sold
Jan 10, 2000 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,900
  • Lot Size Depth Feet: 1,580
  • Lot Size Frontage Feet: 500
  • Total Building Area: 650
  • Building Area: 650
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 650
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • 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: 012175
  • District: 041200
  • Section: 94.64
  • Parcel: 041200 94.064-10-18
  • Block: 10
  • Lot: 18.000
  • Municipality: OLEAN
  • Latitude: 42.0762
  • Longitude: -78.4441

    Address

  • Full Address: 126 S 11th St
  • Address - House Number: 126
  • Street Direction: S
  • Address - Street Name: 11th
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C006
  • 4-Digit Zip Code: 3306
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $232,527
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1449
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 107,807
  • High Value: 123,436
  • Low Value: 92,177

    Market Valuation

  • Market Total Value: $52,564
  • Market Land Value: $7,051
  • Market Improvement Value: $45,513

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,000
  • Assessed Land Value: $5,500
  • Assessed Improvements Value: $35,500

    Sales

  • Current Sale Contract Date: Aug 09, 2023
  • Current Sale Recording Date: Aug 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202311422
  • Previous Sale Recording Date: Sep 01, 2022
  • Previous Sale Contract Date: Aug 26, 2022
  • Previous Sale Amount: $27,500
  • Previous Sale Document Type: 71
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# R1480741

Frequently Asked Questions

When was property at 126 South 11th Street built and last sold?
The property at 126 South 11th Street was built in 1920 and last sold on Aug 9, 2023 for $40,000.
How much is this home worth?
The estimated value of the home located at 126 South 11th Street is $40,489.
What are some comparable homes to 126 South 11th Street?
There are currently no comparable homes to 126 South 11th Street.
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