1216 Reed St is a 946 square foot house on a 4,800 square foot lot with 3 bedrooms and 1 bathroom. - it last sold on January 18, 2002 for $21,300. Based on Redfin's Olean data, we estimate the home's value is $74,079.
Single-familyProperty Type
1925Year Built
4,800 sq ftLot Size
$78Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$74,079
$53K since sold in January 2002$8,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 36.1% lower than the average sale price ($116K) of 6 comparable homes.
Listing by Howard Hanna Professionals - Olean, (716) 372-1155
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Provided by Redfin
Sale history for 1216 Reed St
Date
Event
Price
Public Records
Jan 18, 2002
Sold
$21,300
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$1,349
$3,600 + $31,300
$34,900
2025
$1,349 (−38.9%)
$3,600 + $31,300
$34,900
2024
$2,207 (+67.9%)
$3,600 + $31,300
$34,900
2023
$1,314 (−1.4%)
$3,600 + $31,300
$34,900
2022
$1,333 (−2.8%)
$3,600 + $31,300
$34,900
2021
$1,371 (+85.8%)
$3,600 + $31,300
$34,900
2020
$738 (+0.4%)
$3,600 + $31,300
$34,900
2019
$735 (−40.8%)
$3,600 + $31,300
$34,900
2018
$1,241 (+68.2%)
$3,600 + $31,300
$34,900
2017
$738 (+4.6%)
$3,600 + $31,300
$34,900
2016
$705 (+7.4%)
$3,600 + $31,300
$34,900
2015
$657 (+2.5%)
$3,600 + $31,300
$34,900
2014
$641
$3,600 + $31,300
$34,900
Tax history for 1216 Reed St
Year
Property tax
Land + Additions
Assessment*
2026
$1,349
$3,600 + $31,300
$34,900
2025
$1,349 (−38.9%)
$3,600 + $31,300
$34,900
2024
$2,207 (+67.9%)
$3,600 + $31,300
$34,900
2023
$1,314 (−1.4%)
$3,600 + $31,300
$34,900
2022
$1,333 (−2.8%)
$3,600 + $31,300
$34,900
2021
$1,371 (+85.8%)
$3,600 + $31,300
$34,900
2020
$738 (+0.4%)
$3,600 + $31,300
$34,900
2019
$735 (−40.8%)
$3,600 + $31,300
$34,900
2018
$1,241 (+68.2%)
$3,600 + $31,300
$34,900
2017
$738 (+4.6%)
$3,600 + $31,300
$34,900
2016
$705 (+7.4%)
$3,600 + $31,300
$34,900
2015
$657 (+2.5%)
$3,600 + $31,300
$34,900
2014
$641
$3,600 + $31,300
$34,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-3
General Residential District
The intent of the R3 General Residential Use District is to delineate those areas where predominantly detached single-family, moderate density residential development and some two-family residential development has occurred or is likely to occur, to allow in special instances in accordance with site plan review, multiple-family dwellings and dwelling groups and to protect the integrity of these residential areas by controlling the type and intensity of uses so that the overall character and density of the neighborhood is preserved. The R3 District recognizes the value of such other permissible uses as churches, schools, libraries and other educational buildings, playgrounds, and general hospitals under the conditions set forth in this law.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Public service
Educational/school
Library
Recreation
Property details
Interior
Basement Information
Basement Type: Full
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Fuel Type: Oil
Heating Type: Hot Air
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Old
Exterior Wall: Wood
Property Information
Living Sq. Ft: 946
Ground Floor Sq. Ft: 737
# of Stories: 2
Lot Information
# of Buildings: 1
Land Sq. Ft: 4,800
Legal Lot Number: 47
Legal Block Number: 2
Municipality Name: OLEAN
Acres: 0.1102
Depth Footage: 120
Front Footage: 40
Zoning Code: R-3
State Use Description: SINGLE FAMILY RESID
Utility Information
Sewer Type: Commercial
Water Service Type: Commercial
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 946
Stories: 2.0
Lot Size: 4,800 square feet
Style: Single Family Residential
Year Built: 1925
Year Renovated: —
County: Cattaraugus County
APN: 041200A09405600020470000000
Home facts updated by county records on Sep 11, 2026
Around this home
Schools
Washington West Elementary School
Public PreK-3 • Assigned • 0.3mi
2/10
Olean Middle School
Public 3-8 • Assigned • 0.5mi
4/10
Olean Senior High School
Public 8-12 • Assigned • 0.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
8 days above 90° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Olean, NY • 14760
Average low and high temperatures (°F)
26
15
32
17
50
30
60
39
64
45
77
56
82
61
77
54
74
51
61
39
47
32
34
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 2.3 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
2.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$71,000 – $86,000
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