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532 3rd Avenue

532 3rd Avenue, Olean, NY 14760
Property in Olean
Sold Nov 18, 2015
$31,000
$31,666 by Quicken Loans Inc
Mortgage Due Jan 01, 2044
532 3rd Avenue in Olean, NY was first built in 1891 and is 133 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a traditional style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 532 3rd Avenue has 1,863 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 500 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 6,500 square feet.

Learn more about the property and building on this page. There is a covered porch. Water for the property is sourced from a municipal 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. For those who need parking, there is a detached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as fair. The exterior walls of the home are made of wood. As for heating, the home is utilizing a heating system and being fueled with gas. The property was last sold in Nov 16, 2015 for $31,000. That's $16.64 per sqft. 532 3rd Avenue was last assessed in 2023. The total value of the property was assessed at $51,000. Specifically, the land the property is located on was valued at $5,100. While improvements on the property were assessed at a total of $45,900. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,046. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1891
  • Effective Year Built: 1891
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Building Quality: C
  • Building Style: Traditional
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 6,500
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,863
  • Gross Building Area: 1,863
  • Building Area: 1,863
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,863
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.149
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : COLE DONALD L
  • Previous Owner : TIMME CLARICE G
  • Ownership Rights Codes: Estate
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Feb 09, 2024

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961800

Zoning

  • Zoning: R3

Geography

  • Account Number: 056550
  • District: 041200
  • Section: 94.50
  • Parcel: 041200 94.050-3-80
  • Block: 3
  • Lot: 80.000
  • Municipality: OLEAN
  • Latitude: 42.0899
  • Longitude: -78.423

    Address

  • Full Address: 532 3rd Ave
  • Address - House Number: 532
  • 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: $2,046
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 36,090
  • High Value: 41,650
  • Low Value: 30,529

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $31,666
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Nov 18, 2015
  • First Open Lien Mortgage Loan Amount: $31,666
  • First Open Lien Mortgage Term: 337
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2044

    Market Valuation

  • Market Total Value: $65,385
  • Market Land Value: $6,538
  • Market Improvement Value: $58,847

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,000
  • Assessed Land Value: $5,100
  • Assessed Improvements Value: $45,900

    Sales

  • Current Sale Contract Date: Nov 16, 2015
  • Current Sale Recording Date: Nov 18, 2015
  • Current Sale Transaction ID: 1410800437
  • Current Sale Price: $31,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Nov 18, 2015
  • First Mortgage Loan Amount: $31,666
  • First Mortgage Terms: 337
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2044

About Olean



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Frequently Asked Questions

What neighborhood is 532 3rd Avenue located in?
The 532 3rd Avenue is a located in the neighborhood of Olean in Olean, Olean.
What is the average sales price for listings in 532 3rd Avenue?
The average sales price for units in 532 3rd Avenue is $0 currently.

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