Owner
$31,790
116 S 16TH ST, OLEAN, NY
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
2
baths
1
sq. ft.
1,168
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C
Average Condition
Living Area
Detached Garage
1.5 Stories
No Basement
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1885
Building Size
1,168 sq ft
Lot Size
5,075 sq ft
Lot Size (Acres)
0.12 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
041200 94.063-5-36
County
Cattaraugus County, New York
Metro Area
Olean, NY
Zoning
R3
Neighborhood/Subdivision
—
Lot Number
36.000
School District
Olean City School District
Legal Description
—
Tax & Value Information
Market Value (Total)
$67,568
Building Value
$61,352
Land Value
$6,216
Annual Property Tax
$1,888
Tax Assessment Year
2024
Assessed Value
$50,000
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
—
Recording Date
—
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$1,230
Return on Investment
15.60%
After Repair Value
$34,969
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$28,611
Renovation Cost
$1,590
Closing Costs (buying)
$572
Holding Costs
$868
Selling Costs
$2,098
Total Investment
$7,884
After Repair Value (ARV)
$34,969
Total Costs
$33,739
Estimated Profit
$1,230
Cash Invested
$7,312
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area