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Olean 14760
408 S Union Street
$41,900
● House - Off Market

408 S Union Street

Olean, NY 14760
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,784 Ft²
$437
Est. Monthly
Unit Size
1,784 Ft²
Days on Market
89 days
Land Size
0.14 acres
Price per sqft
$25
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1910

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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: 4 months ago (NYSAMLS #B1514344)

Price History

Date / Event Date Event Price
Mar 18, 2024 Sold
Premium
Sold
Jan 4, 2024 In contract -
In contract
Dec 20, 2023 Listed by Unreal Estate Brokerage LLC $44,900
Listed by Unreal Estate Brokerage LLC
Aug 28, 2023 Sold
Premium
Sold
Jun 4, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 190
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,075
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,784
  • Gross Building Area: 1,784
  • Building Area: 1,784
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,784
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • 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: 062060
  • District: 041200
  • Section: 94.73
  • Parcel: 041200 94.073-5-32
  • Block: 5
  • Lot: 32.000
  • Municipality: OLEAN
  • Latitude: 42.0731
  • Longitude: -78.4302

    Address

  • Full Address: 408 S Union St
  • Address - House Number: 408
  • Street Direction: S
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C013
  • 4-Digit Zip Code: 3618
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $223,132
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1563
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 40,168
  • High Value: 46,447
  • Low Value: 33,889

    Market Valuation

  • Market Total Value: $61,282
  • Market Land Value: $5,256
  • Market Improvement Value: $56,026

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,800
  • Assessed Land Value: $4,100
  • Assessed Improvements Value: $43,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 14, 2024
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 202403650
  • Previous Sale Recording Date: Mar 13, 2024
  • Previous Sale Contract Date: Oct 26, 2023
  • Previous Sale Amount: $30,500
  • 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

$90

Below Asking

0.05%

Average Days on Market

83

Average Home Size

1710 ft²

Average Home Age

112.1 years

Currently For Sale

64 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: 4 months ago
Data Source: NYSAMLSs, MLS# B1514344

Frequently Asked Questions

When was property at 408 South Union Street built and last sold?
The property at 408 South Union Street was built in 1910 and last sold on Mar 14, 2024 for $42,000.
How much is this home worth?
The estimated value of the home located at 408 South Union Street is $44,223.
What are some comparable homes to 408 South Union Street?
There are currently no comparable homes to 408 South Union Street.
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