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Olean 14760
401 Cherry Street
$145,900
● House - Off Market

401 Cherry Street

Olean, NY 14760
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$1,069
Est. Monthly

About This Property

Step into this charming and well-maintained 3-bedroom ranch, where natural light and a cozy, welcoming feel make you instantly feel at home. Situated on a spacious corner lot, this home offers the ease of one-floor living along with a detached garage and plenty of outdoor space.  The bright kitchen features sliding glass doors that lead to a covered porch.  Inside, you'll find a comfortable layout with generously sized bedrooms, and a natural flow throughout.  A full basement provides excellent storage or potential for additional living space and includes plumbing for a future half bath.  Outside, the corner lot offers space to spread out, garden, or entertain-making this home as functional as it is inviting.
Unit Size
1,260 Ft²
Days on Market
107 days
Land Size
0.30 acres
Price per sqft
$116
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1966

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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 #R1668818)

Price History

Date / Event Date Event Price
Jul 15, 2026 Sold
Premium
Sold
Apr 7, 2026 In contract -
In contract
Mar 30, 2026 Listed by Howard Hanna Professionals - Olean $145,900
Listed by Howard Hanna Professionals - Olean
Dec 26, 2023 Sold
Premium
Sold
Oct 24, 2023 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,155
  • Lot Size Depth Feet: 1,560
  • Lot Size Frontage Feet: 843
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000302
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961800

Zoning

  • Zoning: R2

Geography

  • Account Number: 040605
  • District: 041200
  • Section: 94.67
  • Parcel: 041200 94.067-4-22
  • Block: 4
  • Lot: 22.000
  • Municipality: OLEAN
  • Latitude: 42.0773
  • Longitude: -78.4008

    Address

  • Full Address: 401 Cherry St
  • Address - House Number: 401
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C008
  • 4-Digit Zip Code: 3207
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $209,423
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1505
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 109,743
  • High Value: 126,979
  • Low Value: 92,506

    Market Valuation

  • Market Total Value: $96,154
  • Market Land Value: $11,667
  • Market Improvement Value: $84,487

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $75,000
  • Assessed Land Value: $9,100
  • Assessed Improvements Value: $65,900

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Dec 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 202318410
  • Previous Sale Recording Date: Jun 16, 2017
  • Previous Sale Contract Date: Jun 16, 2017
  • Previous Sale Amount: $72,000
  • 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 Olean

Stats & Trends

Median Asking:

$139,900

Sale Price/ft²

$85

Below Asking

0.05%

Average Days on Market

83

Average Home Size

1720 ft²

Average Home Age

113.5 years

Currently For Sale

63 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# R1668818

Frequently Asked Questions

When was property at 401 Cherry Street built and last sold?
The property at 401 Cherry Street was built in 1966 and last sold on Dec 14, 2023 for $98,000.
How much is this home worth?
The estimated value of the home located at 401 Cherry Street is $141,268.
What are some comparable homes to 401 Cherry Street?
There are currently no comparable homes to 401 Cherry Street.
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