314 Harding Ave · Jamestown, NY 14701

$30,000

3 bd · 1.0 ba · 2,368 sqft · SingleFamily public records · 19 Days on market

Built 1925 5,500 sqft lot ↓ 24% since listing

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This is a Chautauqua County Land Bank property. These properties are offered below fair market value to promote neighborhood revitalization. Buyer must complete significant improvements to the homes as a condition of the sale. Buyer must submit a bid including the total of the cash purchase price PLUS renovation cost commitment, which they will be contractually obligated to fulfill. All offers are reviewed and approved by Land Bank Board of Directors, and must be cash with no contingencies. Ask your agent for a copy of the Minimum Scope of Work report prepared for you by the Chautauqua County Land Bank. The contents of this report will need to be included in your bid/proposal! Sold in &quo

Key facts

• 5,500 sq ft lot
• Built 1925
• Listed 18 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water connected; Sewer connected
• Home design: 2 stories; Existing property condition (resale/fixer)
• Construction: Brick construction; Metal roof; Block foundation; Built previously (existing)
• Exterior features: Concrete driveway; Corner lot; Rectangular residential lot; Road frontage on a city street; Lot dimensions approximately 110 x 50

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Total rooms: 11
• Flooring: Carpet; Vinyl; Mixed/varied flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heating: see remarks
• Interior features: Eat-in kitchen; Separate/formal living room; Primary bedroom with bath; Full basement; One fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $811 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $30k (1.5% below list) — sets the bar for market timing.
• Cap rate 38.7% vs local median 16.6% in Jamestown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#470 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities D, crime F.
• Jamestown City School District (town): math 33% / reading 42% proficiency, ranked #553 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 313 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• Chautauqua County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($30k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $29,550 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 4.30% ✓
• Cap rate: 38.72%
• Cash-on-cash: 115.80%
• DSCR: 6.15
• GRM: 1.9

CMA / ARV

• ARV (on-the-fly): $182,336
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
214 Palmer St	0.50mi	4/1.5 (+1)	2,328 (-2%)	4mo	$160,000	$69	64
451 Fairmount Ave	0.48mi	3/2.0	2,312 (-2%)	11mo	$149,000	$64	61
29 Catlin Ave	0.06mi	4/2.0 (+1)	2,031 (-14%)	13mo	$55,000	$27	54
347 Fairmount Ave	0.24mi	3/1.5	2,049 (-14%)	13mo	$157,000	$77	54
471 Fairmount Ave	0.53mi	4/2.5 (+1)	2,224 (-6%)	1mo	$153,500	$69	53
166 Yolande Ave	0.70mi	3/2.0	2,377 (+0%)	22mo	$200,000	$84	44
119 Palmer St	0.56mi	4/2.0 (+1)	2,106 (-11%)	6mo	$129,900	$62	41
2 Westminster Cir	0.67mi	3/2.0	2,532 (+7%)	20mo	$265,000	$105	36
27 Canterbury Rd	0.62mi	4/3.0 (+1)	2,185 (-8%)	12mo	$410,000	$188	35
67 Warwick Rd	0.74mi	4/4.5 (+1)	2,556 (+8%)	6mo	$379,965	$149	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.57×
• Total profit: $46,786
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 13.77×
• Total profit: $107,298
• Equity at exit: $2,594

Cash invested: $8,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 14701

• Home prices YoY: -18.5%
• Active inventory: 313
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,289 medium
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$38 /mo · $450/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $811

Break-even live

Break-even rent $262

Max offer price $30,000

Occupancy floor 32%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Butler St Jamestown, NY	2.0	1.0	2683	$1,200	$0.45	44d	1	1.36mi

Listing history 14 events

1. 2026-06-19
   days on market $30,000 Active 19 DOM
2. 2026-06-18
   days on market $30,000 Active 18 DOM
3. 2026-06-17
   days on market $30,000 Active 17 DOM
4. 2026-06-16
   days on market $30,000 Active 16 DOM
5. 2026-06-15
   days on market $30,000 Active 15 DOM
6. 2026-06-14
   days on market $30,000 Active 13 DOM
7. 2026-06-12
   days on market $30,000 Active 12 DOM
8. 2026-06-09
   days on market $30,000 Active 9 DOM
9. 2026-06-08
   days on market $30,000 Active 8 DOM
10. 2026-06-07
    days on market $30,000 Active 7 DOM
11. 2026-06-05
    days on market $30,000 Active 4 DOM
12. 2026-06-02
    days on market $30,000 Active 2 DOM
13. 2026-05-31
    remarks 699-char remark
14. 2026-05-31
    listed $30,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,462
• − Mortgage interest: −$1,680
• − Property taxes: −$450
• − Insurance: −$150
• − Repairs & maintenance: −$1,237
• − Management: −$1,237
• − Depreciation: −$873
• Taxable income: $9,835
• Est. tax owed @ 24.0%: −$2,360
• After-tax cash flow: $7,367/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Jamestown City School District
• NCES district ID: 3615630
• Math proficiency: 33% ▼ -3.00%
• Reading proficiency: 42% ▲ 5.00%
• Median HH income: $32,240
• Composite: 30.69/100
• National rank: #6176
• State rank: #553 of 590 in NY

Livability — Jamestown

• Score: 69/100
• State rank: #470
• US rank: #8213

Category grades

Amenities D Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jamestown, NY
• County: Chautauqua County · 38,461 people
• City population: 38,461
• Metro: Jamestown-Dunkirk-Fredonia, NY
• Population (ZIP): 38,461
• Household income: $49,685
• Rent vs Own: 42.8% rent · 57.2% own
• Severe rent burden: 1838.0

Population outlook (Chautauqua County) Hauer SSP2

• Today (2025): 123,454 people
• By 2030: 118,509 · -4.0%
• By 2040: 107,311 · -13.1%
• By 2050: 96,703 · -21.7%
• By 2075: 76,757 · -37.8%
• By 2100: 60,984 · -50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 11% Two or more races 6% Black 3%
• Hispanic origin (detail): Puerto Rican 8%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Chautauqua

• 2024 margin: Strong R (+22.0) · D 39.0% · R 61.0%
• 2008→2024 swing: -22.9pp toward R · 2008: 0.9pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.8 2016: R+24.6 2012: R+8.2 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.93%
• Current HPI: 259.402
• Rent YoY: —
• Metro: Jamestown-Dunkirk-Fredonia, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

-24.1% since first listed

2 events — show timeline

• 2026-05-31 Listed $30,000 UNYREIS
• 1999-08-20 Sold (Public Records) $39,500 Public Records

Property tax history

-3.0%/yr

Latest (2025): $2,906 · +4.8% YoY. Source: county tax records.