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Olean 14760
138 S 3rd Street
$99,910
● House - Off Market

138 S 3rd Street

Olean, NY 14760
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,692 Ft²
$736
Est. Monthly
16.57%
Cap Rate

About This Property

Welcome to this charming and spacious 3-bedroom, 1.5-bath home just minutes from downtown! Bursting with character, you'll find beautiful natural woodwork throughout, gleaming hardwood floors, and a warm, inviting atmosphere. The formal dining room is perfect for gatherings, and the cedar closet adds a touch of luxury to everyday living. Relax with your morning coffee on the cozy front porch, and enjoy the peace of mind that comes with a well-maintained home. Offering timeless charm and a convenient location, this one is truly a must-see!
Unit Size
1,692 Ft²
Days on Market
119 days
Land Size
0.14 acres
Price per sqft
$59
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1910

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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 #R1598957)

Price History

Date / Event Date Event Price
Aug 11, 2025 Sold
Premium
Sold
May 22, 2025 In contract -
In contract
Apr 14, 2025 Listed by Howard Hanna Professionals $99,900
Listed by Howard Hanna Professionals
Apr 5, 2019 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,692
  • Building Area: 1,692
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,692
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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: 961700

Zoning

  • Zoning: R3

Geography

  • Account Number: 056995
  • District: 041200
  • Section: 94.65
  • Parcel: 041200 94.065-11-29
  • Block: 11
  • Lot: 29.000
  • Municipality: OLEAN
  • Latitude: 42.076
  • Longitude: -78.4341

    Address

  • Full Address: 138 S 3rd St
  • Address - House Number: 138
  • Street Direction: S
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C007
  • 4-Digit Zip Code: 3511
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $153,577
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.153
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 107,710
  • High Value: 124,190
  • Low Value: 91,229

    Market Valuation

  • Market Total Value: $70,513
  • Market Land Value: $5,256
  • Market Improvement Value: $65,257

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,000
  • Assessed Land Value: $4,100
  • Assessed Improvements Value: $50,900

    Sales

  • Current Sale Contract Date: Apr 04, 2019
  • Current Sale Recording Date: Apr 05, 2019
  • Current Sale Price:
    Premium
  • Current 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

$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: 2 years ago
Data Source: NYSAMLSs, MLS# R1598957

Frequently Asked Questions

When was property at 138 South 3rd Street built and last sold?
The property at 138 South 3rd Street was built in 1910 and last sold on Apr 4, 2019 for $25,000.
How much is this home worth?
The estimated value of the home located at 138 South 3rd Street is $0.
What are some comparable homes to 138 South 3rd Street?
There are currently no comparable homes to 138 South 3rd Street.
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