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Olean 14760
402 West Henley St
$70,000
● House - Off Market

402 West Henley St

Olean, NY 14760
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,508 Ft²
$99,092
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Spacious two family home on the corner of West Henley St and S 3RD ST. There is a bonus room off the garage that has been converted into a rec room. First floor laundry. Both apartments are currently being rented. Property sold as is.
Unit Size
2,508 Ft²
Days on Market
249 days
Land Size
-
Price per sqft
$31
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1900

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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: 5 months ago (NYSAMLS #B1269028)

Price History

Date / Event Date Event Price
Feb 18, 2021 Sold
Premium
Sold
Jun 4, 2020 Listed by Southern Tier Realty Co. Inc. $77,900
Listed by Southern Tier Realty Co. Inc.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,600
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,508
  • Gross Building Area: 2,508
  • Building Area: 2,508
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,508
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000105
  • Standard Land Use Code: 1101
  • County Land Use Code: 220

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961700

Zoning

  • Zoning: R3

Geography

  • Account Number: 024355
  • District: 041200
  • Section: 94.65
  • Parcel: 041200 94.065-11-30
  • Block: 11
  • Lot: 30.000
  • Municipality: OLEAN
  • Latitude: 42.0757
  • Longitude: -78.4341

    Address

  • Full Address: 402 W Henley St
  • Address - House Number: 402
  • Street Direction: W
  • Address - Street Name: Henley
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C007
  • 4-Digit Zip Code: 3542
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $125,654
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 86,733
  • High Value: 100,091
  • Low Value: 73,374

    Market Valuation

  • Market Total Value: $57,692
  • Market Land Value: $4,487
  • Market Improvement Value: $53,205

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,000
  • Assessed Land Value: $3,500
  • Assessed Improvements Value: $41,500

    Sales

  • Current Sale Contract Date: Jan 22, 2021
  • Current Sale Recording Date: Feb 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202101857
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

1735 ft²

Average Home Age

113.7 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

Unit for rent at 315 Laurens Street, Olean, NY, 14760

$2,250 /mo

  • 2 Beds
  • 1 Bath
  • 4,621 ft²
315 Laurens Street, Olean, NY, 14760 Listing by Myoungjin Joo

Rentals Near You

Click here to view more rentals in the neighborhood.
NYSAMLS

Last Updated: 5 months ago
Data Source: NYSAMLSs, MLS# B1269028

Frequently Asked Questions

When was property at 402 West Henley Street built and last sold?
The property at 402 West Henley Street was built in 1900 and last sold on Jan 22, 2021 for $70,000.
How much is this home worth?
The estimated value of the home located at 402 West Henley Street is $78,140.
What are some comparable homes to 402 West Henley Street?
There are currently no comparable homes to 402 West Henley Street.
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