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113 S 7th St, Olean, NY, 14760

3beds
1baths
1,955sqft
$57,900
$30price/sqft
$743/moest. monthly cost
$29,720/yrincome needed

About This Home

Opportunity awaits in this 3-bedroom home located in Olean! Featuring convenient first-floor laundry and a functional layout, this property offers plenty of potential for homeowners, investors, or those looking to add their personal touch. A unique bonus is the second house located at the rear of the property, providing possibilities for rental income, guest accommodations, storage, or future improvements. With some updates and vision, this property could truly shine. Don't miss your chance to explore the possibilities this versatile property has to offer!

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
74
BikeVery Bikeable

Schools

4/10
Olean Middle SchoolGrades 3-80.6 mi
6/10
Olean Senior High SchoolGrades 8-120.4 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1884

Materials

  • Foundation: Block,Stone
  • Roof: Metal
  • Construction materials: Other,See Remarks

Type & Style

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

Interior

Appliances

  • Appliances included: Free-Standing Range,Oven,Refrigerator,See Remarks,Water Heater
  • Laundry features: Main Level

Basement

  • Basement: Dirt Floor

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Separate/Formal Dining Room,Main Level Primary
  • Flooring: Laminate,Varies

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 1,955
  • Total interior livable area: 1,955 sqft

Property

Details

  • Parcel number: 04120009406400130680000000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Concrete Driveway

Lot

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

Parking

  • Parking features: No Garage

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 $292$3,504
Home Insurance *$36$432
Property Taxes $92$1,104
Electricity $323$3,876
Total$743$8,916
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$25,474/yr
40% on housing$22,290/yr
45% on housing$19,813/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

$30This listing

vs Other Active Listings

Avg $/sqft

ZIP 14760$119
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)

No zestimate history available

Price History

DateEventPrice
2026-08-04Pending sale$57,900
2026-06-25Listed for sale$57,900

For Sale by Agent

AgentDarrick Babb
BrokerageHoward Hanna Professionals - Olean

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