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Cattaraugus 14760
1789 David Drive
$20,000
● Land - Off Market

1789 David Drive

Olean, NY 14760
bedrooms
Studio
bathrooms
0 Bath
$179
Est. Monthly

About This Property

Don't miss this opportunity to own 1.87 acres of vacant land in a desirable location within the Town of Olean and the Hinsdale School District. This property offers a blank canvas for various uses, mostly open and level with a lightly wooded border. Whether you're considering new construction, a seasonal getaway, or simply investing in land, this spacious lot is full of possibilities. Enjoy the peaceful setting with the convenience of being just minutes from city amenities, schools, and shopping. With its mix of open space and natural surroundings, this is a rare opportunity to create something truly your own.
Unit Size
-
Days on Market
83 days
Land Size
1.87 acres
Price per sqft
-
Property Type
Land
Property Taxes
$32
HOA Dues
-
Year Built
2014

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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 #R1608634)

Price History

Date / Event Date Event Price
Aug 13, 2025 Sold
Premium
Sold
Jun 7, 2025 In contract -
In contract
May 22, 2025 Listed by Howard Hanna Professionals $29,900
Listed by Howard Hanna Professionals
Sep 17, 2021 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 620
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,922,876
  • Total Building Area: 1,600
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 1,600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000067100
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Hinsdale Central School District
  • School Tax School District: HINSDALE
  • Census Tract: 961000

Zoning

  • Zoning: AR

Geography

  • Account Number: 0831
  • District: 046600
  • Section: 94.02
  • Parcel: 046600 94.002-1-38.1
  • Block: 1
  • Lot: 38.001
  • Municipality: OLEAN
  • Latitude: 42.1082
  • Longitude: -78.4076

    Address

  • Full Address: 1789 David Dr
  • Address - House Number: 1789
  • Address - Street Name: David
  • Address - Suffix Type: Dr
  • State: NY
  • City Name: Olean
  • Carrier Code: R003
  • 4-Digit Zip Code: 9731
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $129,851
  • Tax Rate Code Area: 44601

    Appraisal Valuation

  • Standard Deviation: 0.1449
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 150,619
  • High Value: 172,455
  • Low Value: 128,782

    Market Valuation

  • Market Total Value: $140,357
  • Market Land Value: $67,321
  • Market Improvement Value: $73,036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,600
  • Assessed Land Value: $37,700
  • Assessed Improvements Value: $40,900
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 Cattaraugus

Stats & Trends

Median Asking:

$185,000

Sale Price/ft²

$122

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1731 ft²

Average Home Age

81.5 years

Currently For Sale

314 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# R1608634

Frequently Asked Questions

When was property at 1789 David Drive built and last sold?
The property at 1789 David Drive was built in 2014 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1789 David Drive is $0.
What are some comparable homes to 1789 David Drive?
There are currently no comparable homes to 1789 David Drive.
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