Check Availability
Olean 14760
507 Line Street
$278,900
● House - In Contract

507 Line Street

Olean, NY 14760
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,736 Ft²
$2,053
Est. Monthly

About This Property

Welcome home to this beautifully maintained ranch, where pride of ownership is evident in every detail. From the moment you step onto the inviting front porch, you'll feel the warmth and character this home has to offer. Step inside to gleaming hardwood floors flowing through the main living areas, paired with durable, easy-care ceramic tile in the kitchen and bathroom. A versatile addition was added, currently used as a family room but easily converted to a bedroom. It opens out to a private deck and a fully fenced yard, perfect for relaxing and entertaining. The yard doesn't stop there, stretching out over two additional acres and offering endless possibilities for gardening, recreation, or simply enjoying wide-open space. Downstairs, the finished basement adds serious living space and peace of mind, featuring a second living room or rec room ideal for movie nights, a home gym, or a play area, plus an additional bedroom with direct walk-out access to the outdoors, all backed by a dedicated drainage system with dual sump pumps to keep the space dry and worry-free. Car enthusiasts, hobbyists, and collectors will love the storage this property provides, including an attached one-car garage for everyday convenience, a detached second garage featuring a fantastic workshop, room for another vehicle, and generous storage above, plus an outdoor shed for even more flexibility. Rounding things out, the home offers 200-amp electrical service ready for modern living and future upgrades, central air conditioning for year-round comfort, all stainless steel kitchen appliances, and a charming front porch that's the perfect spot for morning coffee or evening unwinding. This is a rare opportunity to own a home where every major system has been thoughtfully maintained, and every space has been put to good use - all set on a sprawling, private, over-two-acre lot. Homes like this, offering this much space, storage, and care, don't come along often.
Unit Size
1,736 Ft²
Days on Market
-
Land Size
2.12 acres
Price per sqft
$161
Property Type
House
Property Taxes
$683
HOA Dues
-
Year Built
1955

Listed By

Paul Pezzimenti
Paul Pezzimenti
Howard Hanna Professionals

Payment Calculator

Cap Rate Calculator

Last updated: 17 days ago (NYSAMLS #R1702863)

Price History

Date / Event Date Event Price
Sep 16, 2026 In contract -
In contract
Aug 26, 2026 Price Decreased $278,900
↓ $21K (7%)
Price Decreased
Jul 29, 2026 Listed by Howard Hanna Professionals - Olean $299,900
Listed by Howard Hanna Professionals - Olean

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Detached, Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Eat-in Kitchen, SeparateFormalLivingRoom, SlidingGlassDoors, BedroomOnMainLevel, ConvertibleBedroom, MainLevelPrimary, PrimarySuite
Appliances: Dishwasher, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator
Flooring Type: Carpet, Ceramic Tile, Hardwood, Varies
Door Features: Sliding Doors
Laundry Features: In Basement
Rooms: 7
Has Fireplace
Fireplaces: 1
Basement: Full, Partially Finished, Walk-Out Access, Sump Pump
Exterior Details
Square Footage: 1736
Property Condition: Resale
Architectural Style: Ranch
Year Built: 1955
Building Area Total: 1736
Levels: One
Other Structures: Barn(s), Outbuilding, Shed(s), Storage
Construction Materials: Aluminum Siding, Vinyl Siding, CopperPlumbing
Patio and Porch Features: Covered, Deck, Patio, Porch
Lot Features: Corner Lot, Greenbelt, Irregular Lot, ResidentialLot
Lot Size Area: 2.12
Lot Size Units: Acres
Lot Size Acres: 2.12
Lot Size Square Feet: 14850
Lot Size Dimensions: 100X148
Tax Lot: 6
Water Source: Public, Connected
Financial Details
Tax Assessed Value: $115,000
Tax Annual Amount: $8,199
Utilities Details
Cooling Type: Central Air
Heating Type: Natural Gas, Forced Air
Sewer : Connected

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 352
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,850
  • Lot Size Depth Feet: 1,485
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,736
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • 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: 031730
  • District: 041200
  • Section: 94.67
  • Parcel: 041200 94.067-3-6
  • Block: 3
  • Lot: 6.000
  • Municipality: OLEAN
  • Latitude: 42.0792
  • Longitude: -78.4057

    Address

  • Full Address: 507 Line St
  • Address - House Number: 507
  • Address - Street Name: Line
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C008
  • 4-Digit Zip Code: 3217
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $321,115
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 68
  • Final Value: 164,447
  • High Value: 190,072
  • Low Value: 138,821

    Market Valuation

  • Market Total Value: $147,436
  • Market Land Value: $12,821
  • Market Improvement Value: $134,615

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,000
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $105,000

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Olean


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 507 Line Street built and last sold?
The property at 507 Line Street was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 507 Line Street is $276,040.
What are some comparable homes to 507 Line Street?
There are currently no comparable homes to 507 Line Street.