Sold
Last Sold Price
3 beds1,816 sqft$29/sqft
1318 Reed St, Olean, NY 14760
Single FamilyProperty Type
8,000 sq ftLot Size
1925Year Built
$29/sq ftPrice per sq ft
1 carParking Spaces

Description

Cute 3 bedroom home with a large city lot. Interior and basement freshly painted. Newer windows, doors, vinyl siding. New roof on front and back porch, main house roof in 2009. This home is well insulated to make home super efficient with low heat bills. Finished room in basement for storage or officeCute 3 bedroom home with a large city lot. Interior and basement freshly painted. Newer windows, doors, vinyl siding. New roof on front and back porch, main house roof in 2009. This home is well insulated to make home super efficient with low heat bills. Finished room in basement for storage or office
  • Listed by: Mary L. Karst 716.372.1155 MaryKarst@howardhanna.com • Howard Hanna Professionals
Listing closed: 01/14/2020 12:00 AM • Source: WNYREIS, MLS#: R1233381

Recent comparable sales

Median sold price

$65,000

Avg days on market

38

Sale-to-list ratio

90.3%

Olean, NY

9 comparable properties found

$50,000 | 211 West Oak Street, Olean, NY 14760
1/2
1

$50,000

Sold 10/27/25

3
Bedrooms
1,584
Square Feet
0.22
Acres
$125,000 | 122 North 17th Street, Olean, NY 14760
1/2
2

$125,000

Sold 02/03/25

3
Bedrooms
1,607
Square Feet
0.10
Acres
$60,000 | 109 South 14th Street, Olean, NY 14760
1/2
3

$60,000

Sold 06/11/25

4
Bedrooms
1,630
Square Feet
0.12
Acres
$119,480 | 812 North Union Street, Olean, NY 14760
1/2
4

$119,480

Sold 02/07/25

3
Bedrooms
1,722
Square Feet
0.08
Acres
5

$60,000

Sold 04/24/26

3
Bedrooms
1
Bathrooms
1,586
Square Feet
0.07
Acres
$132,500 | 1215 Maple Street, Olean, NY 14760
1/2
6

$132,500

Sold 09/06/24

3
Bedrooms
1,597
Square Feet
0.11
Acres
$65,000 | 232 North 24th Street, Olean, NY 14760
1/2
7

$65,000

Sold 11/13/24

3
Bedrooms
1,222
Square Feet
0.11
Acres
$53,500 | 1117 West Sullivan Street, Olean, NY 14760
1/2
8

$53,500

Sold 12/18/25

3
Bedrooms
1,400
Square Feet
0.04
Acres
$115,000 | 2005 West State Street, Olean, NY 14760
1/2
9

$115,000

Sold 01/22/26

3
Bedrooms
1,504
Square Feet
0.14
Acres

Location

Listing Courtesy of Howard Hanna Professionals

Sold By Chamberlain Home Realty

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Payment Calculator

$524 per month

30 year fixed, 6.55% Interest

Principal and Interest

$269

Property Taxes

$255

HOA Dues

$0

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Property Information for 1318 Reed Street

Property Details
  • Taxes: $3,056 / year
  • MLS Type: Residential / Single Family Residence
  • Styles Of Residence: Cape Cod
  • On Waterfront: No
  • Parking Description: Detached, Garage
  • Nearest Cross Street: TWELFTH
Building Information
  • Stories: 1
  • Year Built: 1925
  • Lot Size: 0.18 AC / 8,000 SF
Summary
Location and General Information
  • Elementary School District: Olean
  • High School District: Olean
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: No
Parking
  • Attached Garage YN: No
  • Garage Spaces per Apt: 1.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $3,056.00
Property
Lot Information
  • Building Area Total: 1816.0
  • Land Features: Residential Lot
  • Num Of Acres: 0.1837
  • Lot Size Area: 0.1837
  • Lot Size Square Feet: 8000.0
  • Lot Size Units: Acres
  • Parcel Number: 041200-094-056-0002-053-000-0000
  • Road Frontage: City Street
  • Lot Number: 53
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $56,000
  • Year Built: 1925
  • Year Built Description: Existing
Utilities
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Exterior Features: Concrete Driveway
  • Foundation Description: Block
  • Patio And Porch Features: Open, Porch
Interior Features
  • Appliances: Free Standing Range, Gas Water Heater, Oven, Refrigerator
  • Basement Description: Full, Partially Finished
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 3
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Interior Features: Living Dining Room, Bedroom On Main Level
  • Laundry Features: In Basement
  • Levels: One
  • Sq Ft Total: 1816.0
  • Main Level Bathrooms: 1
  • Num Bedrooms 1 St Floor: 1
  • Num Of Rooms: 6
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
  • Stories: 1
  • Stories Total: 1

Property History for 1318 Reed Street

DateEvent & SourcePriceAppreciation
Jan 14, 2020

Sold

WNYREIS #R1233381

$52,900
Jan 14, 2020

Sold

New York State Alliance of MLSs (Buffalo) #R1233381

$52,900
Nov 12, 2019

Pending

WNYREIS #R1233381

DateEvent & SourcePrice
01/14/2020

Sold

WNYREIS #R1233381

$52,900
01/14/2020

Sold

New York State Alliance of MLSs (Buffalo) #R1233381

$52,900
11/12/2019

Pending

WNYREIS #R1233381

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1318 Reed Street

Taxable ValueLand$5,900Additions$50,100Total$56,000
Tax Record2025$2,149 ($179 / month)
Home Facts
Beds2Baths1Total Finished SqFt908 SqFtAbove Grade Finished SqFt908 SqFtStories1Lot Size8,000 SqFtStyleSingle Family ResidenceYear Built1925CountyCATTARAUGUSAPN041200 94.056-2-53

Schools near 1318 Reed Street

This home is within Olean City School District.
Rating
School
Type
Grades
Distance
Public - 3 to 8
Public - 8 to 12
Public - PK to 3
Public - PK to 3
Rating
School
Distance
Olean Middle School
Public3 to 8

Olean Senior High School
Public8 to 12

East View Elementary School
PublicPK to 3

Washington West Elementary School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1318 Reed Street, Olean, NY 14760
$52,900
3
1,816
8,000
3
1
1,581
4,000
$22,000
5
2
1,716
11,325
$129,000
3
3,248
3,850
3
1.5
1,460
3,049,200
2
1
984
4,480

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna Professionals

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.