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1880 Buffalo Street

1880 Buffalo Street, Olean, NY 14760
Property in Olean
Sold Aug 02, 2021
$83,000
$84,909 by Mortgage Research Center Llc
Mortgage Due Aug 02, 2051
Sold Oct 17, 2019
$16,000
Local assessors in Olean, NY have categorized 1880 Buffalo Street as a residential type of property. The home was built in 1895 and is 129 years old. The property's lot size has been calculated to be 43,560 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1880 Buffalo Street has a total of 2,124 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of a material which is produced from two or more constituent materials were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1880 Buffalo Street was last sold in Jul 30, 2021 for $83,000. According to our calculations, that's $39.08 per sqft. Prior to that sales transaction, the property was sold for $16,000 in Oct 15, 2019. Current property owners are expected to pay $1,840 in taxes per year. The property on 1880 Buffalo Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $65,900. To break that down further, the land itself was valued at $14,500. While improvements to the property were assessed at a total of $51,400. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Composition
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,124
  • Building Area: 2,124
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,124
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : IRWIN ROBERT
  • Current Owner 2: IRWIN ASHLEY C
  • Previous Owner : BUTTON ERIC S
  • Previous Owner 2: BUTTON DANIELLE M
  • Owner Before Previous Owner: FEDER MORTGAGE CORPOR
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961500

Zoning

  • Zoning: R2

Geography

  • Account Number: 004130
  • District: 041200
  • Section: 94.39
  • Parcel: 041200 94.039-1-3
  • Block: 1
  • Lot: 3.000
  • Municipality: OLEAN
  • Latitude: 42.0911
  • Longitude: -78.4562

    Address

  • Full Address: 1880 Buffalo St
  • Address - House Number: 1880
  • Address - Street Name: Buffalo
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C009
  • 4-Digit Zip Code: 1142
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,840
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1449
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 71
  • Final Value: 114,329
  • High Value: 130,903
  • Low Value: 97,754

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $84,909
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: Aug 02, 2021
  • First Open Lien Mortgage Loan Amount: $84,909
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 02, 2051

    Market Valuation

  • Market Total Value: $84,487
  • Market Land Value: $18,590
  • Market Improvement Value: $65,897

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,900
  • Assessed Land Value: $14,500
  • Assessed Improvements Value: $51,400

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Transaction ID: 11848543775
  • Current Sale Price: $83,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202108898
  • Previous Sale Recording Date: Oct 17, 2019
  • Previous Sale Contract Date: Oct 15, 2019
  • Previous Sale Amount: $16,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Mortgage Transaction Date: Aug 02, 2021
  • First Mortgage Loan Amount: $84,909
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

About Olean



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Frequently Asked Questions

What neighborhood is 1880 Buffalo Street located in?
The 1880 Buffalo Street is a located in the neighborhood of Olean in Olean, Olean.
What is the average sales price for listings in 1880 Buffalo Street?
The average sales price for units in 1880 Buffalo Street is $0 currently.

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