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Olean 14760
502 W Henley Street
Photo of 502 W Henley Street

2

Map

Photo of 502 W Henley Street
$105,000
● House - For Sale

502 W Henley Street

Olean, NY 14760
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,118 Ft²
$921
Est. Monthly

About This Property

REHAB !! Beautiful Family Home on Corner Lot with detached 2 Car Garage. Must See !! This 4 Bedroom+ and 2.5 Bath, with Huge 3rd Floor Attic can be designed for your needs (more Bedrooms, Bar/Entertainment/Theater Room . This is a Renovation Project.
Unit Size
2,118 Ft²
Days on Market
189 days
Land Size
0.15 acres
Price per sqft
$50
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1909

Listed By

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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: 7 months ago (NYSAMLS #R1669821)

Price History

Date / Event Date Event Price
Mar 29, 2026 Listed by Listwithfreedom.com $105,000
Listed by Listwithfreedom.com
Feb 21, 2024 Sold
Premium
Sold
Oct 30, 2023 In contract -
In contract
Oct 22, 2023 Listed by Listwithfreedom.com $59,999
Listed by Listwithfreedom.com

Property Highlights

Garage
Parking Details
Has Garage
Parking Features: Detached, Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Breakfast Bar, Kitchen Island, SeparateFormalLivingRoom, SolidSurfaceCounters
Appliances: Gas Water Heater
Flooring Type: Carpet, Hardwood, Laminate, Tile, Varies
Rooms: 6
Basement: None
Exterior Details
Square Footage: 2118
Property Condition: Resale
Architectural Style: TwoStory
Year Built: 1909
Building Area Total: 2118
Levels: Two
Construction Materials: Wood Siding
Lot Features: Corner Lot, Rectangular Lot, Rectangular
Lot Size Area: 0.1469
Lot Size Units: Acres
Lot Size Acres: 0.1469
Lot Size Square Feet: 6400
Lot Size Dimensions: 50X128
Tax Lot: 15
Water Source: Public, Connected
Financial Details
Tax Assessed Value: $86,500
Tax Annual Amount: $4,854
Utilities Details
Heating Type: Natural Gas, Baseboard
Sewer : Connected

Building Info

Overview

    General

  • Year Built: 1909
  • Effective Year Built: 1909
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • 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: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,400
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,118
  • Building Area: 2,118
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,118
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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: 961700

Zoning

  • Zoning: R3

Geography

  • Account Number: 024390
  • District: 041200
  • Section: 94.64
  • Parcel: 041200 94.064-14-15
  • Block: 14
  • Lot: 15.000
  • Municipality: OLEAN
  • Latitude: 42.0758
  • Longitude: -78.4354

    Address

  • Full Address: 502 W Henley St
  • Address - House Number: 502
  • Street Direction: W
  • Address - Street Name: Henley
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C007
  • 4-Digit Zip Code: 3446
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $212,383
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.1505
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 56,394
  • High Value: 65,251
  • Low Value: 47,537

    Market Valuation

  • Market Total Value: $110,897
  • Market Land Value: $5,385
  • Market Improvement Value: $105,512

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,500
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $82,300

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 09, 2024
  • Current Sale Recording Date: Feb 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202402462
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: 7 months ago
Data Source: NYSAMLSs, MLS# R1669821

Frequently Asked Questions

When was property at 502 West Henley Street built and last sold?
The property at 502 West Henley Street was built in 1909 and last sold on Feb 9, 2024 for $45,000.
How much is this home worth?
The estimated value of the home located at 502 West Henley Street is $103,006.
What are some comparable homes to 502 West Henley Street?
There are currently no comparable homes to 502 West Henley Street.
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