507 N 7th St, Olean, NY 14760
FOR SALE
0.25 ACRES

507 N 7th St
Olean, NY 14760

  • 3 Beds
  • 1.5 Baths
  • 1,184 sqft (on 0.25 acres)

$50,000

Original price: $64,900
Est. Mortgage $417/mo*
Get Pre-Qualified

$50,000

Original price: $64,900
Est. Mortgage $417/mo*
Get Pre-Qualified
3 Beds
1.5 Baths
1,184 sqft
(on 0.25 acres)
We estimate this home will sell faster than 80% nearby.

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Great potential investment for a contractor! Much of this remodel is already complete: New siding, roof, insulation, plumbing, electrical, windows, doors, and hot water tank. Roughed out for three bedrooms, 1.5 baths and first floor laundry. Front porch done with long lasting composite flooring. Needs someone with vision to finish it. Located close to restaurants and stores.

We have a quote for the foundation issue for 16K so we have dropped the price to $50k!
We estimate this home will sell faster than 80% nearby.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$42
Listed
30 days ago
Last check for updates: about 7 hours ago
Listing by: EXP-Premier Listings Team, (888) 276-0630
Rebecca Laborde, (716) 378-5055
Originating MLS: Chautauqua-Cattaraugus
Source: NYSAMLSs, MLS#R1666066
Also Listed on NYSAMLSs.

Home Details for 507 N 7th St

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: FullNumber of Rooms: 8
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1184 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: Gas Water HeaterLaundry: Main Level
Heating & Cooling
Heating: Gas,Forced AirHas HeatingHeating Fuel: Gas
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Other, See Remarks
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Other, See Remarks

Exterior Features

Exterior Home Features
Exterior: Gravel DrivewayFoundation: Block
Parking & Garage
No GarageParking: No Garage
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Cumulative Days on Market: 16Days on Market: 30

Property Information

Year Built
Year Built: 1910
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Two Story
Building
Construction Materials: Vinyl Siding
Property Information
Condition: ResaleParcel Number: 04120094.048216

Price & Status

Price
List Price: $50,000Price Per Sqft: $42
Status Change & Dates
Possession Timing: Close Of Escrow

Location

Direction & Address
City: Olean
School Information
Elementary School District: OleanJr High / Middle School District: OleanHigh School District: Olean

Agent Information

Listing Agent
Listing ID: R1666066

Building

Building Area
Building Area: 1184 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Chautauqua-Cattaraugus

Lot Information

Lot Area: 10890 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash

Miscellaneous

BasementMls Number: R1666066Living Area Range Units: Square FeetAttribution Contact: 716-378-5055Universal Property Id: US-36009-N-04120094048216-R-N

Price History for 507 N 7th St

DatePriceEventSource
04/19/2026$50,000PriceChange
NYSAMLSs #R1666066
04/07/2026$64,900Listed For SaleNYSAMLSs #R1666066
03/08/2024$7,500Sold
NYSAMLSs #R1503219
10/10/2023$8,500PendingNYSAMLSs #R1503219
10/10/2023$8,500Listed For SaleNYSAMLSs #R1503219
04/26/2021$2,500Sold
N/A

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Property Tax and Assessment

Year2025
Tax
Assessment$52,113
Home facts updated by county records

Comparable Sales for 507 N 7th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
329 N 6th St, Olean, NY
0.21
Single-Family Home
$44,500
08/28/25
2
1
912
211 W Oak St, Olean, NY
0.54
Single-Family Home
$50,000
10/27/25
3
1
1,584
1618 Avenue A, Olean, NY
0.64
Single-Family Home
$83,200
11/14/25
3
2
1,210
324 N 5th St, Olean, NY
0.25
Single-Family Home
$85,000
06/09/25
4
2
1,714
218 N 12th St, Olean, NY
0.42
Single-Family Home
$99,900
08/25/25
3
1.5
1,344

Assigned Schools

These are the assigned schools for 507 N 7th 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

Learn more about our methodology.
  • 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

LGBTQ Local Legal Protections

Rebecca Laborde, EXP-Premier Listings Team, (888) 276-0630
Agent Phone: (716) 378-5055
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 2026-05-08 02:25:22 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.
507 N 7th St, Olean, NY 14760 is a 3 bedroom, 2 bathroom, 1,184 sqft single-family home built in 1910. This property is currently available for sale and was listed by NYSAMLSs on Apr 7, 2026. The MLS # for this home is MLS# R1666066.