Check Availability
Olean 14760
709 N Union Street
$49,900
↓ $8K (13.2%)
House - For Sale

709 N Union Street

Olean-City, NY 14760
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
$570
Estimated Monthly
$0
HOA / Fees
49.57%
Cap Rate

About This Property

This house is in a great location in Olean NY, Cattaraugus County.

The house has 5 bedrooms, 1.5 bathrooms, and 2,268 sq. ft.  It is a well-built 2 story house with a full basement.  The house does need some repairs but it has lots of potential.  Great backyard to build a deck and enjoy watching kids and pets play.  The house includes public water and sewer.  The lot size is 0.21 acres.

This house is located right across the street from a park, the Olean School District and downtown Olean are within walking distance, and less than a mile from Olean General Hospital.

Great opportunity to transform this into your dream family home!
Unit Size
-
Days on Market
85 days
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$325
HOA Dues
-
Year Built
1915
Listed By
Last updated: 12 days ago (NYSAMLS #S1519853)

Price History

Date / Event Date Event Price
Apr 19, 2024 Price Decreased $49,900
↓ $8K (13.2%)
Price Decreased
Feb 5, 2024 Listed by Landquest Inc. $57,500
Listed by Landquest Inc.

Property Highlights

Parking Details
Parking Features: No Garage
Interior Details

Bedroom Information

Bedrooms: 5

Bathroom Information

Full Bathrooms: 1
Half Bathrooms: 1
Bathrooms on Main Level: 1

Interior Information

Interior Features: Living Dining Room, Other, See Remarks
Appliances: Gas Water Heater
Flooring Type: Hardwood, Laminate, Varies

Room Information

Rooms: 9

Basement Information

Has Basement
Full

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: D
  • Building Style: Traditional
  • Exterior Walls Type: Composition
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 8,000
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,268
  • Building Area: 2,268
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 2,268
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.183
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SPEARS JAMES
  • Previous Owner : FAVRO LAURA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Olean City School District
  • School Tax School District: OLEAN CITY
  • Census Tract: 961700

Zoning

  • Zoning: R3

Geography

  • Account Number: 061485
  • District: 041200
  • Section: 94.49
  • Parcel: 041200 94.049-4-20
  • Block: 4
  • Lot: 20.000
  • Municipality: OLEAN
  • Latitude: 42.0879
  • Longitude: -78.4319

    Address

  • Full Address: 709 N Union St
  • Address - House Number: 709
  • Street Direction: N
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: NY
  • City Name: Olean
  • Carrier Code: C004
  • 4-Digit Zip Code: 1425
  • Zip Code: 14760

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,666
  • Tax Rate Code Area: 041200

    Appraisal Valuation

  • Standard Deviation: 0.1553
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 68
  • Final Value: 110,294
  • High Value: 127,429
  • Low Value: 93,158

    Market Valuation

  • Market Total Value: $60,256
  • Market Land Value: $6,923
  • Market Improvement Value: $53,333

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,000
  • Assessed Land Value: $5,400
  • Assessed Improvements Value: $41,600

    Sales

  • Current Sale Contract Date: Jan 03, 2008
  • Current Sale Recording Date: Jan 04, 2008
  • Current Sale Transaction ID: 1121479568
  • Current Sale Price: $45,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 02, 1999
  • Previous Sale Contract Date: Jan 07, 1999
  • Previous Sale Document Type: Deed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
1 Bath
-
$65,000 Jun 19, 2023
$65,000 Sep 18, 2023
$262/mo
House
2 Beds
2 Baths
-
$60,000 Jun 21, 2023
$60,000 Sep 27, 2023
$160/mo
Multifamily
Stu
-
-
$41,500 Apr 5, 2021
$41,500 Jul 16, 2021
$80/mo
Multifamily
Stu
-
-
$58,000 Mar 31, 2021
$58,000 Jun 25, 2021
$77/mo
House
4 Beds
2 Baths
-
$59,999 Oct 22, 2023
-
$390/mo
Multifamily
6 Beds
2 Baths
-
$54,900 Jan 17, 2024
-
$169/mo
House
3 Beds
2 Baths
-
$65,900 Jun 8, 2023
-
$220/mo

About Olean


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Unit for sale at 509 3rd Avenue, Olean-City, NY 14760

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509 3rd Avenue, Olean-City, NY 14760 Listing by Ronald F. Wolf

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Frequently Asked Questions

When was property at 709 North Union Street built and last sold?
The property at 709 North Union Street was built in 1915 and last sold on Jan 3, 2008 for $45,000.
How much is this home worth?
The estimated value of the home located at 709 North Union Street is $58,075.
What are some comparable homes to 709 North Union Street?
Homes that are comparable to 709 North Union Street include a house property at 509 3rd Avenue, 217 East Elm Street, 1101 North Union Street.

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