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502 W Henley St, Olean, NY, 14760

4beds
3baths
2,118sqft
$105,000
$50price/sqft
$1,112/moest. monthly cost
$44,480/yrincome needed

About This Home

REHAB !! Beautiful Family Home on Corner Lot with detached 2 Car Garage. Must See !! This 4 Bedroom+ and 2.5 Bath, with Huge 3rd Floor Attic can be designed for your needs (more Bedrooms, Bar/Entertainment/Theater Room . This is a Renovation Project.

Getting Around

73
WalkingVery Walkable
0
TransitVery Limited Transit
75
BikeVery Bikeable

Schools

4/10
Olean Middle SchoolGrades 2-7,9-100.6 mi
5/10
Olean Senior High SchoolGrades 8-120.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1909

Materials

  • Foundation: Other,See Remarks
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Two Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Basement: None

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Breakfast Bar,Separate/Formal Living Room,Kitchen Island,Solid Surface Counters
  • Flooring: Carpet,Hardwood,Laminate,Tile,Varies

Heating

  • Heating features: Gas,Baseboard

Interior Area

  • Total structure area: 2,118
  • Total interior livable area: 2,118 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Property

Details

  • Parcel number: 04120009406400140150000000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: See Remarks

Lot

  • Lot size: 6,398 sqft
  • Features: Corner Lot,Rectangular,Rectangular Lot
  • Lot size dimensions: 50 x 128

Parking

  • Total spaces: 2
  • Parking features: Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Cold Wave
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Cattaraugus County and New York

Flood
Severe Storm
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $530$6,360
Home Insurance *$65$780
Property Taxes $167$2,004
Electricity $350$4,200
Total$1,112$13,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$38,125/yr
40% on housing$33,360/yr
45% on housing$29,653/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$50This listing

vs Other Active Listings

Avg $/sqft

ZIP 14760$118
Cattaraugus County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 14760$98
Cattaraugus County$99

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-29Listed for sale$105,000
2024-02-20Sold$45,000
2023-10-29Pending sale$59,999
2023-10-23Listed for sale$59,999
2023-01-01Listing removed--
2022-12-19Price change$138,000
2022-08-12Price change$142,000
2022-07-09Listed for sale$154,900
2022-06-29Listing removed--
2022-04-29Listed for sale$159,000
2022-04-28Listing removed--
2021-09-29Listed for sale$159,000

For Sale by Agent

AgentRalph M. Harvey III
BrokerageListwithfreedom.com

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