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Weston Mills 14760
1873 Dugan Road
$35,000
● Land - Off Market

1873 Dugan Road

Olean, NY 14760
bedrooms
Studio
bathrooms
0 Bath
$230
Est. Monthly

About This Property

Opportunity awaits with this more than 2-acre corner lot located at the intersection of Dugan Road and Goodrich Road in the Town of Olean. This spacious, cleared parcel offers the ideal setting to bring your dream home or next project to life. The property is already equipped with a water well on site and offers access to the City of Olean sewer system, giving you a head start on your build. It also features two convenient driveway access points and even includes a shed already in place. With its prime location, generous size, and essential infrastructure ready to go, this property is the perfect blank canvas for your vision.
Unit Size
-
Days on Market
232 days
Land Size
2.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
$35
HOA Dues
-
Year Built
1925

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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: 3 months ago (NYSAMLS #R1645019)

Price History

Date / Event Date Event Price
Jun 4, 2026 Sold
Premium
Sold
Mar 18, 2026 Price Decreased $39,500
↓ $10K (20.8%)
Price Decreased
Jan 13, 2026 Price Decreased $49,900
↓ $10K (16.7%)
Price Decreased
Oct 15, 2025 Listed by Howard Hanna Professionals - Olean $59,900
Listed by Howard Hanna Professionals - Olean
Apr 1, 2020 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,362
  • Building Area: 1,362
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,362
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000258
  • Standard Land Use Code: 8001
  • County Land Use Code: 311
  • Legal Description 1: 12 01 04 S-4

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961000

Zoning

  • Zoning: R1

Geography

  • Account Number: 0007
  • District: 046600
  • Section: 94.16
  • Parcel: 046600 94.016-1-66
  • Block: 1
  • Lot: 66.000
  • Municipality: OLEAN
  • Latitude: 42.0803
  • Longitude: -78.3908

    Address

  • Full Address: 1873 Dugan Rd
  • Address - House Number: 1873
  • Address - Street Name: Dugan
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: Olean
  • Carrier Code: R001
  • 4-Digit Zip Code: 9521
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $15,610
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1449
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 28,523
  • High Value: 32,658
  • Low Value: 24,387

    Market Valuation

  • Market Total Value: $11,964
  • Market Land Value: $11,964

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,700
  • Assessed Land Value: $6,700

    Sales

  • Current Sale Recording Date: Apr 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 01, 2015
  • Previous Sale Contract Date: Sep 30, 2015
  • Previous Sale Amount: $18,000
  • 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 Weston Mills

Stats & Trends

Median Asking:

$205,000

Sale Price/ft²

$146

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1898 ft²

Average Home Age

82.3 years

Currently For Sale

3 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: 3 months ago
Data Source: NYSAMLSs, MLS# R1645019

Frequently Asked Questions

When was property at 1873 Dugan Road built and last sold?
The property at 1873 Dugan Road was built in 1925 and last sold on Jan 1, 1970 for $10,000.
How much is this home worth?
The estimated value of the home located at 1873 Dugan Road is $39,895.
What are some comparable homes to 1873 Dugan Road?
There are currently no comparable homes to 1873 Dugan Road.
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