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Olean 14760
552 King Street
$79,900
● House - Off Market

552 King Street

Olean, NY 14760
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
930 Ft²
$84,583
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Cute and cozy 2-3 bedroom 1.5 full  home on a corner lot with a 1 car garage. Front entry is great for boots, shoes and coats before you walk into the newly remodeled living room, dining room and breakfast nook.  Kitchen is very spacious with plenty of cabinetry and counter space. Laundry off the kitchen for convenience.  Need an office no problem.  This home has its own office space that overlooks the deck and backyard if you don't need an extra bedroom.   Extra parking area out back as well.  Deck with awning to enjoy the summer days.  Don't miss out on this one. Move right in an make this home yours.
Unit Size
930 Ft²
Days on Market
73 days
Land Size
0.16 acres
Price per sqft
$86
Property Type
House
Property Taxes
$247
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 5 months ago (NYSAMLS #R1443560)

Price History

Date / Event Date Event Price
Jan 19, 2023 Sold
Premium
Sold
Nov 19, 2022 In contract -
In contract
Nov 12, 2022 Listed by Howard Hanna Professionals $79,900
Listed by Howard Hanna Professionals
Oct 12, 2021 Sold
Premium
Sold
Jun 25, 2021 Listed by Howard Hanna Professionals $54,900
Listed by Howard Hanna Professionals

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 1
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,013
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 468
  • Total Building Area: 930
  • Building Area: 930
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 930
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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: 030140
  • District: 041200
  • Section: 94.67
  • Parcel: 041200 94.067-1-16
  • Block: 1
  • Lot: 16.000
  • Municipality: OLEAN
  • Latitude: 42.0808
  • Longitude: -78.4085

    Address

  • Full Address: 552 King St
  • Address - House Number: 552
  • Address - Street Name: King
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C008
  • 4-Digit Zip Code: 3126
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $293,954
  • Tax Rate Code Area: 41200

    Appraisal Valuation

  • Standard Deviation: 0.1538
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 69
  • Final Value: 84,345
  • High Value: 97,319
  • Low Value: 71,370

    Market Valuation

  • Market Total Value: $69,487
  • Market Land Value: $8,077
  • Market Improvement Value: $61,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,200
  • Assessed Land Value: $6,300
  • Assessed Improvements Value: $47,900

    Sales

  • Current Sale Contract Date: Jan 19, 2023
  • Current Sale Recording Date: Jan 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 202301190
  • Previous Sale Recording Date: Oct 12, 2021
  • Previous Sale Contract Date: Sep 17, 2021
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 33

    Financing

  • First Mortgage Financing Type: ADJ
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 321 N Union Street, Olean, NY, 14760

$2,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,800 ft²
321 N Union Street, Olean, NY, 14760 Listing by Regis Handley

Rentals Near You

Click here to view more rentals in the neighborhood.
NYSAMLS

Last Updated: 5 months ago
Data Source: NYSAMLSs, MLS# R1443560

Frequently Asked Questions

When was property at 552 King Street built and last sold?
The property at 552 King Street was built in 1900 and last sold on Jan 19, 2023 for $80,000.
How much is this home worth?
The estimated value of the home located at 552 King Street is $80,865.
What are some comparable homes to 552 King Street?
There are currently no comparable homes to 552 King Street.
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