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Weston Mills 14760
1927 Melody Lane
$149,900
● House - Off Market

1927 Melody Lane

Portville, NY 14760
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,164 Ft²
$1,041
Est. Monthly

About This Property

Charming 2-bedroom, 1-bath ranch set on approximately 0.62 acres in a peaceful setting. Both bedrooms are generously sized, offering comfort and flexibility. The inviting living room flows seamlessly into the eat-in kitchen, which provides access to a covered back patio-perfect for relaxing or entertaining. Just beyond the kitchen, you'll find a convenient laundry area, pantry, and an additional door leading to the patio for easy outdoor access. The property also features two sheds, offering ample storage or workspace options. Major updates include a furnace, roof, and hot water tank, all replaced in 2017, providing peace of mind for years to come. A great opportunity to enjoy comfortable living with plenty of outdoor space.
Unit Size
1,164 Ft²
Days on Market
79 days
Land Size
0.62 acres
Price per sqft
$137
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1995

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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: 3 months ago (NYSAMLS #R1676805)

Price History

Date / Event Date Event Price
Jul 15, 2026 Sold
Premium
Sold
May 6, 2026 In contract -
In contract
Apr 27, 2026 Listed by Howard Hanna Professionals - Olean $159,900
Listed by Howard Hanna Professionals - Olean
Jul 9, 1998 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • 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: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,825
  • Lot Size Depth Feet: 1,850
  • Lot Size Frontage Feet: 1,450
  • Total Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,164
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000615
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 76 02 03

Neighborhood

  • School District Name: Portville Central School District
  • School Tax School District: PORTVILLE
  • Census Tract: 961000

Zoning

  • Zoning: CON

Geography

  • Account Number: 0291
  • District: 047489
  • Section: 95.03
  • Parcel: 047489 95.003-1-1.3
  • Block: 1
  • Lot: 1.003
  • Municipality: PORTVILLE (TOV)
  • Latitude: 42.0833
  • Longitude: -78.3858

    Address

  • Full Address: 1927 Melody Ln
  • Address - House Number: 1927
  • Address - Street Name: Melody
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Olean
  • Carrier Code: R001
  • 4-Digit Zip Code: 9517
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $163,287
  • Tax Rate Code Area: 047401

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 113,412
  • High Value: 130,971
  • Low Value: 95,852

    Market Valuation

  • Market Total Value: $112,576
  • Market Land Value: $16,667
  • Market Improvement Value: $95,909

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $74,300
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $63,300

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 07, 1998
  • Current Sale Recording Date: Jul 09, 1998
  • 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 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

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NYSAMLS

Last Updated: 3 months ago
Data Source: NYSAMLSs, MLS# R1676805

Frequently Asked Questions

When was property at 1927 Melody Lane built and last sold?
The property at 1927 Melody Lane was built in 1995 and last sold on Jul 7, 1998 for $61,000.
How much is this home worth?
The estimated value of the home located at 1927 Melody Lane is $0.
What are some comparable homes to 1927 Melody Lane?
There are currently no comparable homes to 1927 Melody Lane.
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