557 Indiana Ave, Olean, NY 14760
SOLD
DEC 1, 2025

557 Indiana Ave
Olean, NY 14760

  • 3 Beds
  • 1 Bath
  • 1,224 sqft (on 0.59 acres)

$30,000

Last Sold: Dec 1, 2025
14% below list $35K
$25/sqft
Est. Refi. Payment $285/mo*
Refinance Your Home

$30,000

Last Sold: Dec 1, 2025
14% below list $35K
$25/sqft
Est. Refi. Payment $285/mo*
Refinance Your Home
3 Beds
1 Bath
1,224 sqft
(on 0.59 acres)

Local Information

  • Map ViewExplore the area around 557 Indiana Ave.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1935
Lot Size
0.59 acres
Living Area
1,224 sqft
Price/Sqft
$25/sqft
Parking
Garage

About this House

This 3 bedroom, 1 bathroom home offers plenty of potential for the right buyer. Situated on an approximately 0.59-acre lot (83x312 ft), the property provides ample outdoor space in a nice location.

The home itself is in need of significant repairs and updates, making it an excellent opportunity for investors, contractors, or anyone looking for a project. A 2-car detached garage adds extra storage and convenience.

With its generous lot size and solid bones, this property could be transformed into a charming residence or investment property.
557 Indiana Ave, Olean, NY 14760 is a 3 bedroom, 1 bathroom, 1,224 sqft single-family home built in 1935. It last sold for $30,000 on Dec 1, 2025 (14% below the $35,000 asking price). It is currently off market. The Trulia Estimate is $29,200, with a rent estimate of $1,691/month.

Home Details for 557 Indiana Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: PartialNumber of Rooms: 5
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1224 Square Feet
Appliances & Utilities
Utilities: Sewer Connected, Water ConnectedAppliances: Appliances Negotiable, Gas Water Heater
Heating & Cooling
Heating: Gas,Wall FurnaceHas HeatingHeating Fuel: Gas
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet, Laminate, Varies
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Laminate, Varies

Exterior Features

Exterior Home Features
Exterior: Concrete Driveway, Dirt Driveway, Gravel DrivewayFoundation: Block
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Detached,Garage
Frontage
Road Frontage: City StreetNot on Waterfront
Water & Sewer
Sewer: Connected

Days on Market

Cumulative Days on Market: 16

Property Information

Year Built
Year Built: 1935
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Two Story
Building
Construction Materials: Vinyl Siding
Property Information
Condition: ResaleParcel Number: 04120009408200030080000000

Price & Status

Price
List Price: $35,000Price Per Sqft: $25/sqft
Status Change & Dates
Off Market Date: Fri Sep 26 2025Possession Timing: Close Of Escrow

Location

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

Building

Building Area
Building Area: 1224 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Chautauqua-Cattaraugus

Lot Information

Lot Area: 0.59 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: R1637196Living Area Range Units: Square FeetAttribution Contact: 716-307-9256Universal Property Id: US-36009-N-04120009408200030080000000-R-N
Last check for updates: about 3 hours ago
Listed by Regis Handley, (716) 307-9256
Howard Hanna Professionals - Olean
Bought with: Brad Johnson, (716) 397-8494, EXP-Premier Listings Team
Originating MLS: Chautauqua-Cattaraugus
Source: NYSAMLSs, MLS#R1637196

Price History for 557 Indiana Ave

DatePriceEventSource
12/01/2025$30,000Sold
NYSAMLSs #R1637196
09/26/2025$35,000PendingNYSAMLSs #R1637196
09/10/2025$35,000Listed For SaleNYSAMLSs #R1637196

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$54,930
Home facts updated by county records

Comparable Sales for 557 Indiana Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
109 Bradley Dr, Olean, NY
0.23
Single-Family Home
$120,000
05/19/26
3
1
1,040
568 York St, Olean, NY
0.06
Single-Family Home
$150,000
10/30/25
3
1.5
1,248
124 W Green St, Olean, NY
0.77
Single-Family Home
$20,000
06/18/26
3
1
1,406
464 Indiana Ave, Olean, NY
0.21
Single-Family Home
$219,000
02/09/26
3
1.5
1,700
477 Vermont St, Olean, NY
0.21
Single-Family Home
$118,450
01/08/26
5
3
1,317
483 Vermont St, Olean, NY
0.20
Single-Family Home
$193,000
04/27/26
4
2
1,952
114 Virginia St, Olean, NY
0.29
Single-Family Home
$220,000
03/13/26
4
2
1,463

Nearby homes

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Assigned Schools

These are the assigned schools for 557 Indiana Ave.
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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Frequently asked questions about 557 Indiana Ave

  • What is 557 Indiana Ave estimated to be worth?
    Trulia's estimated value for 557 Indiana Ave in Olean, NY is $29,200.
  • What is the price history for 557 Indiana Ave?
    557 Indiana Ave in Olean, NY last sold for $30,000 in December 2025.
  • Is Olean a buyer's or seller's market?
    Olean is currently a seller's market, based on recent for-sale activity.
  • What do residents say about Olean?
    Residents describe Olean, NY as pedestrian-friendly, well-kept, and dog-friendly. See recently sold homes in Olean, NY.
  • How big is the lot at 557 Indiana Ave?
    The lot at 557 Indiana Ave in Olean, NY is about 0.59 acres (25,896 sq ft).
  • Does 557 Indiana Ave have a garage?
    Yes, 557 Indiana Ave in Olean, NY has a garage.
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 2026-08-07 23:05:49 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.