See Home Value
Olean 14760
631 Main Street
$229,000
House - Off Market

631 Main Street

Olean-City, NY 14760
bedrooms
4 Beds
bathrooms
2 Baths
$1,602
Estimated Monthly
$0
HOA / Fees
8.50%
Cap Rate

About This Property

Welcome home to this beautiful 4 bedroom, 2 bath colonial brick home in a desirable neighborhood! This home is within walking distance to the hospital, grocery store and golf course.  Most of the house features hard wood floors.  There was an addition added to the back of the house where the kitchen and extra sitting area exists.  The kitchen has all stainless appliances.  The downstairs has a bedroom and first floor laundry.  If you have a large family, no problem, there is a large living room, an additional family room and even a cozy den that could be used as an office, toy room or craft room.   The possibilities are endless! Heading up the beautiful staircase, you will find 3 more bedrooms and a full bath.   There is a large walk in closet in one of the bedrooms and plenty of storage throughout this home! Outside has a lovely backyard with a patio and a detached brick garage.  The curb appeal of this home is phenomenal!!  Note: Seller will be having an estate sale in February.
Unit Size
-
Days on Market
64 days
Land Size
0.34 acres
Price per sqft
-
Property Type
House
Property Taxes
$478
HOA Dues
-
Year Built
1920
Last updated: 2 days ago (NYSAMLS #B1517770)

Price History

Date / Event Date Event Price
Mar 25, 2024 Sold $229,000
Sold
Jan 26, 2024 In contract -
In contract
Jan 21, 2024 Listed by RE/MAX On Point $229,000
Listed by RE/MAX On Point

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Colonial
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 416
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 15,000
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,513
  • Building Area: 2,513
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,513
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential

Ownership

  • Is Owner Occupied: Owner-occupied property
  • 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: 961500

Zoning

  • Zoning: R2

Geography

  • Account Number: 032895
  • District: 041200
  • Section: 94.41
  • Parcel: 041200 94.041-5-41
  • Block: 5
  • Lot: 41.000
  • Municipality: OLEAN
  • Latitude: 42.092
  • Longitude: -78.4261

    Address

  • Full Address: 631 Main St
  • Address - House Number: 631
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C014
  • 4-Digit Zip Code: 1539
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,213
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 227,596
  • High Value: 262,975
  • Low Value: 192,217

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $251,199
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Apr 04, 2014
  • First Open Lien Mortgage Loan Amount: $117,434
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2029
  • Second Open Lien Mortgage Lender: QUICKEN LOANS INC
  • Second Open Lien Mortgage Recording Date: Nov 01, 2011
  • Second Open Lien Mortgage Loan Amount: $133,765
  • Second Open Lien Mortgage Term: 157
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2025

    Market Valuation

  • Market Total Value: $160,897
  • Market Land Value: $22,564
  • Market Improvement Value: $138,333

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,500
  • Assessed Land Value: $17,600
  • Assessed Improvements Value: $107,900

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
-
$268,000 Apr 25, 2023
$268,000 Aug 3, 2023
$342/mo
House
3 Beds
2 Baths
-
$225,000 Apr 12, 2023
$225,000 Aug 21, 2023
$661/mo
House
6 Beds
4 Baths
-
$219,900 Dec 19, 2023
-
$654/mo

About Olean


Similar Homes for Sale

Unit for sale at 1325 Highland Terrace, Olean-City, NY 14760

$219,900

  • 6 Beds
  • 4 Baths
1325 Highland Terrace, Olean-City, NY 14760 Listing by Paul Pezzimenti

Nearby Rentals



Frequently Asked Questions

When was property at 631 Main Street built and last sold?
The property at 631 Main Street was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 631 Main Street is $231,290.
What are some comparable homes to 631 Main Street?
Homes that are comparable to 631 Main Street include a house property at 1325 Highland Terrace, 208 Madison Avenue, 31 Euclid Avenue.

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