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 OFFICE
Single-familyProperty Type
1925Year Built
8,000 sq ftLot Size
$65Est. Price/Sq.Ft.
1 car garageParking
Listing by Mary Karst• Howard Hanna Professionals - Olean
•716-372-1155 (broker)
•professionals-olean@howardhanna.com (broker)
Bought with Karen Callahan• Chamberlain Home Realty
Listing by Howard Hanna Professionals - Olean, (716) 372-1155
See all
Provided by Redfin
Sale history for 1318 Reed St
Date
Event
Price
UNYREIS #R1233381
Jan 14, 2020
Sold
$52,900
$29/sq ft
Jan 3, 2020
Pending
—
Nov 12, 2019
Pending
—
Oct 18, 2019
Listed
$52,900
$29/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,164
$5,900 + $50,100
$56,000
2025
$2,164 (−38.9%)
$5,900 + $50,100
$56,000
2024
$3,541 (+67.9%)
$5,900 + $50,100
$56,000
2023
$2,108 (−1.4%)
$5,900 + $50,100
$56,000
2022
$2,139 (−2.8%)
$5,900 + $50,100
$56,000
2021
$2,201 (−0.6%)
$5,900 + $50,100
$56,000
2020
$2,213 (−64.3%)
$5,900 + $50,100
$56,000
2019
$6,201 (+8.3%)
$5,900 + $50,100
$56,000
2018
$5,727 (+19.5%)
$5,900 + $50,100
$56,000
2017
$4,794 (+1.0%)
$5,900 + $50,100
$56,000
2016
$4,749 (+116.0%)
$5,900 + $50,100
$56,000
2015
$2,198 (+2.2%)
$5,900 + $50,100
$56,000
2014
$2,150
$5,900 + $50,100
$56,000
Tax history for 1318 Reed St
Year
Property tax
Land + Additions
Assessment*
2026
$2,164
$5,900 + $50,100
$56,000
2025
$2,164 (−38.9%)
$5,900 + $50,100
$56,000
2024
$3,541 (+67.9%)
$5,900 + $50,100
$56,000
2023
$2,108 (−1.4%)
$5,900 + $50,100
$56,000
2022
$2,139 (−2.8%)
$5,900 + $50,100
$56,000
2021
$2,201 (−0.6%)
$5,900 + $50,100
$56,000
2020
$2,213 (−64.3%)
$5,900 + $50,100
$56,000
2019
$6,201 (+8.3%)
$5,900 + $50,100
$56,000
2018
$5,727 (+19.5%)
$5,900 + $50,100
$56,000
2017
$4,794 (+1.0%)
$5,900 + $50,100
$56,000
2016
$4,749 (+116.0%)
$5,900 + $50,100
$56,000
2015
$2,198 (+2.2%)
$5,900 + $50,100
$56,000
2014
$2,150
$5,900 + $50,100
$56,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
80 ft.
Lot depth
100 ft.
Lot size
8,000 Sq. Ft.
Year renovated
—
Sq. Ft.
908
Year built
1925
Style
Single Family Residential
County
Cattaraugus County
APN
041200A09405600020530000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 11, 2026.
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
Parking
Garage/Carport Information
Has Garage
# of Garage Spaces: 1
Parking
Features: Detached, Garage
Interior
Bedroom Information
# of Main Level Bedrooms: 1
Bathroom Information
# of Full Bathrooms: 1
# of Main Level Bathrooms: 1
Room Information
# of Rooms (Total): 6
Room Types: Bedroom, Laundry
Has Basement
Basement Information: Full, Partially Finished
Laundry Information
Features: In Basement
Equipment
Appliances: Free-Standing Range, Gas Water Heater, Oven, Refrigerator
Interior Features
Flooring: Hardwood, Varies
Other Features: Living/Dining Room, Bedroom on Main Level
Exterior
Building Information
Stories: 1
Stories (Total): 1
Year Built Details: Existing
Construction Details: Vinyl Siding
Exterior Features
Exterior Features: Concrete Driveway
Patio And Porch Features: Open, Porch
Lot Information
Lot Size Area: 0.1837
Lot Size Acres: 0.1837
Lot Size Dimensions: 80X100
Lot Features: Residential Lot
Road Frontage Type: City Street
Property Information
Foundation Details: Block
Resale
Financial
Assessments and Fees
Assessed Value: $56,000
Tax Information
Annual Tax Amount: $3,056
Utilities
Utility Information
Utilities: Sewer Connected, Water Connected
Sewer: Connected
Water Source: Connected, Public
Heating & Cooling
Has Heating
Heating: Gas, Forced Air
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 908
Stories: 1.0
Lot Size: 8,000 square feet
Style: Single Family Residential
Year Built: 1925
Year Renovated: —
County: Cattaraugus County
APN: 041200A09405600020530000000
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 • 0.6mi
4/10
Olean Senior High School
Public 8-12 • Assigned • 0.6mi
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
$113,000 – $136,000
Sell confidently with a local market expert in Olean. 3 minutes to get started.