557 Indiana Ave

Olean, NY 14760

$30,000
Last Sold Price
3
Beds
1,224 Sq. Ft.
$25 / Sq. Ft.
1,224
Sq. Ft.
$25
per Sq. Ft.
Closed 12/1/25
Closed 12/1/25

Description

This 3 bedroom, 1 bathroom home offers plenty of potential for the right buyer. Situated on an approximately 0.59-acre lot (83x312 ft), the property provides ample outdoor space in a nice location. The home itself is in need of significant repairs and updates, making it an excellent opportunity for investors, contractors, or anyone looking for a project. A 2-car detached garage adds extra storage and convenience. With its generous lot size and solid bones, this property could be transformed into...This 3 bedroom, 1 bathroom home offers plenty of potential for the right buyer. Situated on an approximately 0.59-acre lot (83x312 ft), the property provides ample outdoor space in a nice location. The home itself is in need of significant repairs and updates, making it an excellent opportunity for investors, contractors, or anyone looking for a project. A 2-car detached garage adds extra storage and convenience. With its generous lot size and solid bones, this property could be transformed into a charming residence or investment property.
  1. Listed by Regis Handley • Howard Hanna Professionals - Olean
    P: (716)-372-1155 C: (716)-307-9256 RegisHandley@howardhanna.com

Property Details for 557 Indiana Avenue

Styles Of Residence
Two Story
On Waterfront
No
Parking Description
Detached, Garage
Nearest Cross Street
York
LISTING UPDATED: 12/04/2025 03:32 PM

Property Details for 557 Indiana Avenue

StatusClosed
MLS #R1637196
Days on Market16
Taxes$2,187 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1935
Lot Size0.59 AC / 25,896 SF
CountyCattaraugus County

Location

Listing Courtesy of Howard Hanna Professionals - Olean

Sold By EXP-Premier Listings Team

Add your commute

Building Information for 557 Indiana Avenue

Stories2Year Built1935Building Size-Lot Size0.59 AC / 25,896 SF

Payment Calculator

$330 per month

30 year fixed, 6.28% Interest

Principal and Interest

$148

Property Taxes

$182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 557 Indiana Avenue

Summary
Location and General Information
  • Elementary School District: Olean
  • High School District: Olean
  • Middle Or Junior School District: Olean
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Attached Garage YN: No
  • Garage Spaces per Apt: 2.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Olean-City-041200
  • Tax Annual Amount: $2,187.00
Property
Lot Information
  • Building Area Total: 1224.0
  • Land Features: Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.5945
  • Lot Size Area: 0.5945
  • Lot Size Square Feet: 25896.0
  • Lot Size Units: Acres
  • Parcel Number: 041200-094-082-0003-008-000-0000
  • Road Frontage: City Street
  • Lot Number: 8
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $39,000
  • Year Built: 1935
  • 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, Dirt Driveway, Gravel Driveway
  • Foundation Description: Block
Interior Features
  • Appliances: Appliances Negotiable, Gas Water Heater
  • Basement Description: Partial
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 3
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Laminate, Varies
  • Heating: Gas, Wall Furnace
  • Heating YN: Yes
  • Interior Features: Library, Other, See Remarks
  • Levels: Two
  • Sq Ft Total: 1224.0
  • 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 557 Indiana Avenue

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Sold

WNYREIS #R1637196

$30,000—
Sep 26, 2025

Pending

WNYREIS #R1637196

—
Sep 10, 2025

Listed (Active)

WNYREIS #R1637196

$35,000—
DateEvent & SourcePrice
12/01/2025

Sold

WNYREIS #R1637196

$30,000
09/26/2025

Pending

WNYREIS #R1637196

—
09/10/2025

Listed (Active)

WNYREIS #R1637196

$35,000

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

Public Records for 557 Indiana Avenue

Taxable ValueLand$25,800Additions$13,200Total$39,000
Tax Record2024$3,293 ($274 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,224 SqFtAbove Grade Finished SqFt1,224 SqFtStories2Lot Size25,896 SqFtStyleSingle Family ResidenceYear Built1935CountyCATTARAUGUSAPN041200 94.082-3-8

Schools near 557 Indiana Avenue

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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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.