224 S 16th St, Olean, NY 14760
Property image
Property image
SOLD
JUN 29, 2026

224 S 16th St
Olean, NY 14760

  • 2 Beds
  • 2 Baths
  • 1,120 sqft

$69,000

Last Sold: Jun 29, 2026
1% below list $69.9K
$62/sqft
Est. Refi. Payment $558/mo*
Refinance Your Home

$69,000

Last Sold: Jun 29, 2026
1% below list $69.9K
$62/sqft
Est. Refi. Payment $558/mo*
Refinance Your Home
2 Beds
2 Baths
1,120 sqft

Local Information

  • Map ViewExplore the area around 224 S 16th St.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1940
Living Area
1,120 sqft
Price/Sqft
$62/sqft
Parking
2 Car Garage

About this House

Discover the potential in this charming 2-bedroom, 2-full-bath home featuring beautiful hardwood floors and granite countertops that bring warmth and modern appeal to the open floor plan. The layout offers a bright living area that flows smoothly into the kitchen and dining spaces, creating an easy, comfortable feel throughout.

One of the property's standout features is the amazing two-car garage, perfect for parking, storage, or hobby space—an amenity that adds tremendous value.

Please note: the home does require significant foundational repair, making this an excellent opportunity for an investor, contractor, or buyer looking to add equity with renovations. Due to the scope of the work, only strong 20% conventional financing or cash offers can be considered.

With appealing finishes, flexible living space, and a great garage, this home has incredible upside for the right buyer. Bring your vision and make it your next project!
224 S 16th St, Olean, NY 14760 is a 2 bedroom, 2 bathroom, 1,120 sqft single-family home built in 1940. It last sold for $69,000 on Jun 29, 2026 (1% below the $69,900 asking price). It is currently off market. The Trulia Estimate is $68,500, with a rent estimate of $1,556/month.

Home Details for 224 S 16th St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: PartialNumber of Rooms: 5
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1120 Square Feet
Appliances & Utilities
Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water ConnectedAppliances: Electric Oven, Electric Range, Gas Water HeaterLaundry: Main Level
Heating & Cooling
Heating: Gas,Forced AirHas HeatingHeating Fuel: Gas
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Hardwood, Varies
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Hardwood, Varies

Exterior Features

Exterior Home Features
Exterior: Concrete DrivewayFoundation: Stone
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: Attached,Garage,Garage Door Opener
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Cumulative Days on Market: 101

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Historic/Antique,Two Story
Building
Construction Materials: Vinyl Siding, Copper Plumbing
Property Information
Condition: ResaleParcel Number: 04120009406300050480000000

Price & Status

Price
List Price: $69,900Price Per Sqft: $62/sqft
Status Change & Dates
Off Market Date: Sun Mar 01 2026Possession Timing: Close Of Escrow

Location

Direction & Address
City: Olean
School Information
Elementary School: Washington West ElementaryElementary School District: OleanJr High / Middle School: Olean MiddleJr High / Middle School District: OleanHigh School: Olean Senior HighHigh School District: Olean

Building

Building Area
Building Area: 1120 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Chautauqua-Cattaraugus

Lot Information

Lot Area: 5074.74 sqft

Listing Info

Special Conditions: Estate

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: R1651751Living Area Range Units: Square FeetAttribution Contact: 716-378-7039Universal Property Id: US-36009-N-04120009406300050480000000-R-N
Last check for updates: about 9 hours ago
Listed by Paul Pezzimenti, (716) 378-7039
Howard Hanna Professionals - Olean
Bought with: Janna Davis, (716) 307-0472, ERA Team VP Real Estate
Originating MLS: Chautauqua-Cattaraugus
Source: NYSAMLSs, MLS#R1651751

Price History for 224 S 16th St

DatePriceEventSource
06/29/2026$69,000Sold
N/A
04/02/2026$69,000Sold
NYSAMLSs #R1651751
03/06/2026$69,900PendingNYSAMLSs #R1651751
12/04/2025$69,900PriceChange
NYSAMLSs #R1651751
11/20/2025$89,900Listed For SaleNYSAMLSs #R1651751

Market trends in Olean

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
66
4MoM
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Property Tax and Assessment

Year2025
Tax
Assessment$84,507
Home facts updated by county records

Comparable Sales for 224 S 16th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
124 S 13th St, Olean, NY
0.18
Single-Family Home
$130,000
11/13/25
2
1.5
1,020
113 S 18th St, Olean, NY
0.11
Single-Family Home
$44,000
03/31/26
3
1.5
1,780
110 N 19th St, Olean, NY
0.23
Single-Family Home
$152,000
08/12/25
3
1.5
1,088
133 N 13th St, Olean, NY
0.30
Single-Family Home
$149,900
01/05/26
3
2
1,496
218 N 12th St, Olean, NY
0.46
Single-Family Home
$99,900
08/25/25
3
1.5
1,344
136 S 12th St, Olean, NY
0.22
Single-Family Home
$120,000
09/17/25
3
1.5
1,019
2005 W State St, Olean, NY
0.21
Single-Family Home
$115,000
01/22/26
3
1
1,504

Nearby homes

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Assigned Schools

These are the assigned schools for 224 S 16th St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Olean

At least 74 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 87 % Say yards are well-kept

  • 87 % Say it's dog friendly

  • 83 % Say parking is easy

  • 79 % Say there's holiday spirit

  • 78 % Say car is needed

  • 74 % Say kids play outside

  • 73 % Say it's walkable to restaurants

  • 72 % Say it's walkable to grocery stores

  • 68 % Say streets are well-lit

  • 63 % Say people would walk alone at night

  • 61 % Say there's wildlife

  • 55 % Say neighbors are friendly

  • 51 % Say it's quiet

  • 43 % Say they plan to stay for at least 5 years

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Anonymous
    "There are not many kids in the neighborhood and no kid friendly parks within 10 minutes."
    0
    Flag
  • Treshina Parks
    "There is a dog park. There are two spaces and they are separated by a fence. And people are very respectful. "
    0
    Flag
  • Kcchase5
    "I do not own a dog. But I see the dogs being walked around town and in the parks. As long as they are calm and not aggressive. "
    0
    Flag
  • Trulia User
    "what kind of education and attention their getting from school! Its beat to know what kind of ppl their hanging around, role models and inspiring ppl!"
    0
    Flag
  • Susan.kriner
    "We’re close to many public events at War Vets Park and Bradners Stadium. Too many to list! Far enough away to hear the echo’s but not have it overwhelmingly take over our daily life. "
    2
    Flag
  • Kristin B.
    "This is a great place to live and raise your kids. Police patrol regularly in crime is low. Recreational activities available as well"
    0
    Flag
  • Kristin B.
    "Recreational programs offered like ice skating, sports events, youth sport sign ups. Police patrol through the city often"
    0
    Flag
  • Kristin B.
    "I lived here for 10 years and it’s a great place to raise kids. House prices are reasonable and there is a heavy police presence protecting the area all the time"
    2
    Flag
  • Skbb18
    "Strollean - big fun party. Local breweries. Great fireworks. Cutco visitor’s center. Lots of parks. Beef and barrel restaurant."
    0
    Flag
  • Corinne Q.
    "Dogs are being walked all the time. The neighborhood is quiet and peaceful. There are sidewalks which are well maintained and neighbors are friendly. "
    0
    Flag
  • Katlyn L.
    "Incredibly walkable, which is great for teenagers and people without cars. Some areas are not great traffic wise but that's to be expected."
    1
    Flag
  • TZ
    "I just moved out of the city but lived there in my last house for ten years. My neighbors became my friends. We helped each other and looked after each other. Everyone on our block maintained their homes and yards well. It was a great West End neighborhood. Plus, it was convenient to everything - grocery, bank, gym, restaurant, movie and even the liquor store!"
    0
    Flag
  • Kelly
    "Restaurants, groceries and retail shops all within easy walking distance but with the river nearby there is a country-feel too"
    0
    Flag
  • Robert W.
    "I have lived here for almos 40 years and have never encountered neighbors like these. These neighbors drive past our house blowing their horns at obscene hours of the day, they tell obscenities at me and my mother and claim they are "vigilantes" carrying out "mob rule." We have had enough of the harassing comments, destruction of our property, and the camera pointed off their house and into my bedroom. Someone moving into Fountain Street beware."
    14
    Flag
  • Bob K.
    "there are many families and many grandparents in this neighborhood. There is a nice playground with ballground and basketball hoop. The park has a spotlight to illuminate at night ."
    0
    Flag
  • Karri E. J.
    "I work and live here. It's a great place to either retire or raise children. Downtown is only a couple of blocks away. The library is located a block away. "
    1
    Flag
  • Saadzmirza
    "A nice neighborhood with friendly people and scenically overlooks the Olean Metro Area. Some notable Olean residents live here."
    1
    Flag

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6 rentals with air conditioning in Olean, NY

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Homes for sale near 224 S 16th St

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Off Market Homes Near 224 S 16th St

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, UNYREIS and WNYREIS. Real estate listings held by firms other than Zillow, Inc. are marked with the IDX logo and include the Listing Broker’s Firm Name. Listing Data last updated at 2026-08-05 20:56:40 PDT. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2026 CNYIS, UNYREIS, WNYREIS. All rights reserved.