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213 East Oak Street

213 East Oak Street, Olean, NY 14760
Property in Olean
Sold Apr 01, 2021
$60,000
$27,000 by Hamlin Bank & Trust Company
Mortgage Due Apr 01, 2051
Sold Jul 24, 2006
$54,060
$48,654 by M & T Mortgage Corp
Mortgage Due Jan 01, 2015
213 East Oak Street in Olean, NY was first built in 1892 and is 132 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 213 East Oak Street has 1,740 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,320. In total, the area measurement of the land is 6,600 square feet.

Learn more about the property and building on this page. There is a covered porch. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. The garage is 928 sqft. There are a total of 3 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. As for heating, the home is utilizing a forced air unit and being fueled with gas. The property was last sold in Oct 29, 2020 for $60,000. That's $34.48 per sqft. Prior to that sales transaction, the property was also sold in Jul 20, 2006 for $54,060. 213 East Oak Street was last assessed in 2023. The total value of the property was assessed at $55,000. Specifically, the land the property is located on was valued at $5,000. While improvements on the property were assessed at a total of $50,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,536. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1892
  • Effective Year Built: 1892
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 928
  • Parking Space Count: 3
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 6,600
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,740
  • Gross Building Area: 1,740
  • Building Area: 1,740
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,740
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.151
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : FOSS IAN R
  • Current Owner 2: TIMBLIN EMMA R
  • Previous Owner : BAUMGART JAMES R
  • Owner Before Previous Owner: MACELROY HARRY
  • 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: R3

Geography

  • Account Number: 037415
  • District: 041200
  • Section: 94.41
  • Parcel: 041200 94.041-1-43
  • Block: 1
  • Lot: 43.000
  • Municipality: OLEAN
  • Latitude: 42.0952
  • Longitude: -78.4347

    Address

  • Full Address: 213 E Oak St
  • Address - House Number: 213
  • Street Direction: E
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C009
  • 4-Digit Zip Code: 1328
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,536
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1525
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 103,605
  • High Value: 119,408
  • Low Value: 87,801

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $27,000
  • First Open Lien Mortgage Lender: HAMLIN BANK & TRUST COMPANY
  • First Open Lien Mortgage Recording Date: Apr 01, 2021
  • First Open Lien Mortgage Loan Amount: $27,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $70,513
  • Market Land Value: $6,410
  • Market Improvement Value: $64,103

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,000
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $50,000

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Apr 01, 2021
  • Current Sale Transaction ID: 11833339480
  • Current Sale Price: $60,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202103500
  • Previous Sale Recording Date: Jul 24, 2006
  • Previous Sale Contract Date: Jul 20, 2006
  • Previous Sale Amount: $54,060
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HAMLIN BANK & TRUST COMPANY
  • First Mortgage Transaction Date: Apr 01, 2021
  • First Mortgage Loan Amount: $27,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: M & T MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jul 24, 2006
  • Previous Mortgage Loan Amount: $48,654
  • Previous Mortgage Term: 101
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2015

About Olean



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Frequently Asked Questions

What neighborhood is 213 East Oak Street located in?
The 213 East Oak Street is a located in the neighborhood of Olean in Olean, Olean.
What is the average sales price for listings in 213 East Oak Street?
The average sales price for units in 213 East Oak Street is $0 currently.

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