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  • Price cut: $55K (7/11)
    $194,900

    1902 E River Rd, Olean, NY 14760

    4beds
    2,976sqft
    Farm, Single Family Residence
    Built in 1920
    4.85 Acres Lot
    $-- Zestimate®
    $65/sqft
    $-- HOA

    What's special

    This house, barn, and garage sit on 4.85 acres includes Free Gas and has amazing hillside views in Olean NY, Cattaraugus County. The home’s first story has a large open kitchen, 1 bedroom, 1 full bathroom, 2 living rooms, and 2 mudroom entrances.  The second story has 3 bedrooms, 1 full bathroom, and a living room area.  The attic is unfinished but big enough to create additional living space.  The walk-in basement is unfinished but holds the furnace, hot water tank, and plenty of room for storage.  The house has a well but also has connectivity to the Olean City water.  The house was built with the city water, and the barn was built with the well.  The outbuildings include a 40 x 30 stable barn which has a workshop and 4 stalls for horses or other animals, and a 40 x 25 workshop-storage area.  All the outbuildings have electric. The special circumstance of this property is that it comes with free gas off leased gas wells not from the property.  The new owner will sign off on receiving the free gas at closing.  The property is located in a flood zone as it sits across the street from the Allegheny River.  This would require flood insurance if it is going to be financed.  The property has 300 feet of road frontage.  The driveway is shared by the Olean City Water Department which is the neighbor to the west.  The property has so much potential to either be a homestead, a small farm, or a recreational paradise.  Located just minutes outside of Olean for all the necessities.  Don’t let this opportunity get away!  Surface rights convey. Located approximately 3 minutes to downtown Olean NY, 27 minutes to Salamanca NY, 35 minutes to Ellicottville NY and Rushford NY, 1 hour 28 minutes to Buffalo NY, and 1 hour 50 minutes to Rochester NY.
    59 days
    on Zillow
    |
    1,205
    |
    70
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 05, 2025 at 05:39am

    Listing by:

    Landquest Inc. 607-844-9690,

    Travis Thurston 585.386.9413

    Source: NYSAMLSs,MLS#: S1614676MLS LogoOriginating MLS: Cortland
    Travel times

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    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Heating
    • Gas, Forced Air
    Appliances
    • Included: Dryer, See Remarks, Water Heater, Washer
    Features
    • Living/Dining Room, Workshop
    • Flooring: Carpet, Laminate, Varies
    • Basement: Full,Walk-Out Access
    • Has fireplace: No
    Interior area
    • Total structure area: 2,976
    • Total interior livable area: 2,976 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Garage, Driveway, Other
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Gravel Driveway
    Lot
    • Size: 4.85 Acres
    • Dimensions: 300 x 900
    • Features: Flood Zone, Irregular Lot
    Details
    • Parcel number: 04660010300200020150020000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Farmhouse,Two Story
    • Property subtype: Farm, Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Stone
    Condition
    • Resale
    • Year built: 1920

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & HOA

    Location
    • Region: Olean

    Financial & listing details

    • Price per square foot: $65/sqft
    • Tax assessed value: $84,500
    • Annual tax amount: $4,827
    • Date on market: 6/12/2025
    • Listing terms: Other,See Remarks
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