224 S 16th St

Olean, NY 14760

$69,900
Price
2
Beds
1,120 Sq. Ft.
$62 / Sq. Ft.
1,120
Sq. Ft.
$62
per Sq. Ft.

Description

Discover the potential in this charming 2-bedroom, 2-full-bath home featuring beautiful hardwood floors and granite countertops that bring warmth and modern appeal to the open floor plan. The layout offers a bright living area that flows smoothly into the kitchen and dining spaces, creating an easy, comfortable feel throughout. One of the property's standout features is the amazing two-car garage, perfect for parking, storage, or hobby space—an amenity that adds tremendous value. Please note: the...Discover the potential in this charming 2-bedroom, 2-full-bath home featuring beautiful hardwood floors and granite countertops that bring warmth and modern appeal to the open floor plan. The layout offers a bright living area that flows smoothly into the kitchen and dining spaces, creating an easy, comfortable feel throughout. One of the property's standout features is the amazing two-car garage, perfect for parking, storage, or hobby space—an amenity that adds tremendous value. Please note: the home does require significant foundational repair, making this an excellent opportunity for an investor, contractor, or buyer looking to add equity with renovations. Due to the scope of the work, only strong 20% conventional financing or cash offers can be considered. With appealing finishes, flexible living space, and a great garage, this home has incredible upside for the right buyer. Bring your vision and make it your next project!
  1. Listed by Paul Pezzimenti • Howard Hanna Professionals - Olean
    P: (716)-372-1155 C: (716)-378-7039 PaulPezzimenti@howardhanna.com

Property Details for 224 South 16th Street

Styles Of Residence
Historic Antique, Two Story
On Waterfront
No
Parking Description
Attached, Garage, Garage Door Opener
Nearest Cross Street
West Henley Street
LISTING UPDATED: 12/04/2025 06:09 PM

Property Details for 224 South 16th Street

StatusActive
MLS #R1651751
Days on Market44
Taxes$3,368 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1940
Lot Size0.12 AC / 5,075 SF
CountyCattaraugus County

Location

Listing Courtesy of Howard Hanna Professionals - Olean
Add your commute

Building Information for 224 South 16th Street

Stories2Year Built1940Building Size-Lot Size0.12 AC / 5,075 SF

Payment Calculator

$626 per month

30 year fixed, 6.28% Interest

Principal and Interest

$345

Property Taxes

$281

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 224 South 16th Street

Summary
Location and General Information
  • Elementary School Name: Washington West Elementary
  • Elementary School District: Olean
  • High School Name: Olean Senior High
  • High School District: Olean
  • Middle School Name: Olean Middle
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Attached Garage YN: Yes
  • Garage Spaces per Apt: 2.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $3,368.00
Property
Lot Information
  • Building Area Total: 1120.0
  • Land Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.1165
  • Lot Size Area: 0.1165
  • Lot Size Square Feet: 5075.0
  • Lot Size Units: Acres
  • Parcel Number: 041200-094-063-0005-048-000-0000
  • Road Frontage: City Street
  • Lot Number: 48
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $60,000
  • Year Built: 1940
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Copper Plumbing
  • Exterior Features: Concrete Driveway
  • Foundation Description: Stone
Interior Features
  • Appliances: Electric Oven, Electric Range, Gas Water Heater
  • Basement Description: Partial
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 2
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Interior Features: Breakfast Bar, Ceiling Fans, Separate Formal Living Room, Granite Counters, Kitchen Island
  • Laundry Features: Main Level
  • Levels: Two
  • Sq Ft Total: 1120.0
  • Main Level Bathrooms: 1
  • Num Bedrooms 1 St Floor: 0
  • Num Of Rooms: 5
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
  • Stories: 2
  • Stories Total: 2

Property History for 224 South 16th Street

DateEvent & SourcePriceAppreciation
Dec 4, 2025

Price Change

WNYREIS #R1651751

$69,900—
Nov 20, 2025

Listed (Active)

WNYREIS #R1651751

$89,900—
DateEvent & SourcePrice
12/04/2025

Price Change

WNYREIS #R1651751

$69,900
11/20/2025

Listed (Active)

WNYREIS #R1651751

$89,900

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

Public Records for 224 South 16th Street

Taxable ValueLand$4,700Additions$55,300Total$60,000
Tax Record2024$2,265 ($189 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,120 SqFtAbove Grade Finished SqFt1,120 SqFtStories2Lot Size5,075 SqFtStyleSingle Family ResidenceYear Built1940CountyCATTARAUGUSAPN041200 94.063-5-48

Schools near 224 South 16th Street

This home is within Olean City School District.
Rating
School
Type
Grades
Distance
Olean Middle School
Public - 2 to 10
Olean Senior High School
Public - 8 to 12
Washington West Elementary School
Public - PK to 3
East View Elementary School
Public - PK to 3
Rating
School
Distance
Olean Middle School
Public2 to 10

Olean Senior High School
Public8 to 12

Washington West Elementary School
PublicPK to 3

East View 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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More information about 224 South 16th Street, Olean, NY 14760

224 South 16th Street is a single family home for sale in Olean, NY 14760. This property was listed for sale on November 20, 2025 by Howard Hanna Professionals - Olean, it's currently listed at $69,900. This listing's school district is Olean City School District. Nearby schools include Olean Middle School, Olean Senior High School and Washington West Elementary School. 224 South 16th Street is a 2-bed, 2-bath, 1,120 sqft single family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna Professionals - Olean

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.