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514 3rd Avenue

514 3rd Avenue, Olean, NY 14760
Multifamily in Olean
514 3rd Avenue in Olean, NY was first built in 1900 and is 126 years old. This has been categorized as a property type. For those interested in architecture, the building on the property was built in a . There are a total of 200 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 514 3rd Avenue has 2,274 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 515 ft and the linear feet between the front and back of the lot is 1,300. In total, the area measurement of the land is 6,695 square feet.

Learn more about the property and building on this page. There is a . Water for the property is sourced from system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of . The condition of the building has been evaluated as . The exterior walls of the home are made of . As for heating, the home is utilizing and being fueled with . Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 514 3rd Avenue was last sold in Aug 29, 2023 for $85,000. According to our calculations, that's $37.38 per sqft. Prior to that sales transaction, the property was sold for $63,500 in Jul 14, 2005. Current property owners are expected to pay $153,577 in taxes per year. The property on 514 3rd Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $55,000. To break that down further, the land itself was valued at $5,200. While improvements to the property were assessed at a total of $49,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Paved Parking

Location

Near Public Transit
Private Lot

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20250314
03/14/2025
5 Bed
2 Bath
2274 ft²
$119,900
bedrooms
5 Bed
bathrooms
2 Bath
square feet
2274 ft²
$124,900 +4.17%
06/04/2025
Mason Meggo
HUNT Real Estate Corporation


Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 4
  • 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: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,695
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 515
  • Total Building Area: 2,274
  • Gross Building Area: 2,274
  • Building Area: 2,274
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 2,274
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000153
  • 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: 961800

Zoning

  • Zoning: R3

Geography

  • Account Number: 056530
  • District: 041200
  • Section: 94.50
  • Parcel: 041200 94.050-3-76
  • Block: 3
  • Lot: 76.000
  • Municipality: OLEAN
  • Latitude: 42.0893
  • Longitude: -78.4233

    Address

  • Full Address: 514 3rd Ave
  • Address - House Number: 514
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: NY
  • City Name: Olean
  • Carrier Code: C011
  • 4-Digit Zip Code: 1735
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $153,577
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1523
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 69
  • Final Value: 77,717
  • High Value: 89,558
  • Low Value: 65,875

    Market Valuation

  • Market Total Value: $70,513
  • Market Land Value: $6,667
  • Market Improvement Value: $63,846

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,000
  • Assessed Land Value: $5,200
  • Assessed Improvements Value: $49,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 29, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202312492
  • Previous Sale Recording Date: Jul 15, 2005
  • Previous Sale Contract Date: Jul 14, 2005
  • Previous Sale Amount: $63,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Olean



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Frequently Asked Questions

What neighborhood is 514 3rd Avenue located in?
The 514 3rd Avenue is a multifamily located in the neighborhood of Olean in Olean, Olean.
What is the average sales price for listings in 514 3rd Avenue?
The average sales price for units in 514 3rd Avenue is $0 currently.