NOT LISTED FOR SALE

305 County Road 31 Norwich, NY 13815

Estimated Value: $67,000 - $113,000

3 Beds
1 Bath
950 Sq Ft
$98/Sq Ft Est. Value

Last Sold February 23, 2023

Last sale price $63,500 $67 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $644/month

44 Days on Market

About This Home

As of February 2023

Located near Norwich, NY. Located on a good and well maintained road. Close to Chenango Lake where one can enjoy boating. Just a few minutes into the small city of Norwich where one can find banks, several grocery stores, hospital, tractor supply, walmart super center, clothing store and restaurants. City of Norwich is famous for the car museum, the blues fest, craft shows, farmers markets and the Gus Macker. Approximately 45 minutes to Cooperstown and 45 Minutes to Binghamton, NY. Enjoy this property for weekends, seasonal or year around. Owner is currently registered as a Airbnb.Cabin 1 - 12' x 16' and 8' x16' screened-in porch, partially enclosed.Eat in KitchenBathroom with flush toilet, and small corner sink.Indoor shower/tub - Galvanized farm tub with drain to leech field.Outdoor shower for summer season uses on demand propane hot water heater.New well pump and pressure tank installed 9/2020 still under 5 year warranty.Wood-stove - needs to be reinstalled (uses 1 full cord with 6 months constant use) 2/3 cord seasoned wood included.Electric hydro baseboard heatThe kitchen includes a fridge, a 24'' gas range, and 6 gal. new (June 2020) electric hot water heater.Cabin 2 - 12'

Last Agent to Sell the Property

Kara Posson Reed

Listing by KP Country Real Estate LLC License #10491201441 Listed on: 11/09/2022

Last Buyer's Agent

Bruce Beadle

Listing by Howard Hanna License #10301204545

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,600

Year Built

  • Built in 1950

Lot Details

  • 0.25 Acre Lot

Home Design

  • Log Cabin
  • Frame Construction
  • Shingle Roof
  • Pier And Beam
  • Cedar

Interior Spaces

  • 950 Sq Ft Home
  • Wood Flooring
  • Gas Range

Utilities

  • Heating System Uses Wood
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 111.-1-34

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,600

Year Built

Built in 1950

Lot Details

0

Listing Details

  • NY Swis Code: Norwich-City-081100
  • Total Assessed Value: 42553
  • Construction: Frame
  • Foundation Description: Pier and Beam
  • Listing Type: Exclusive Right To Sell
  • Lot Information: Primary Road
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 251485.15
  • Ratio Close Price By Sq Ft: 66.84
  • Ratio List Price By Acres: 277227.72
  • Ratio List Price By Sq Ft: 73.68
  • Regional Board Code: Rochester
  • Roof Description: Shingles
  • School Tax: 900
  • Styles of Residence: Cabin
  • Sub Board Code: Otsego-Delaware
  • Type of Sale: Normal
  • Lot Sq Ft: 11000
  • Age of Building: 73
  • Year Built: 1950
  • Directions To Property: From Norwich, take 23 east, turn left onto County road 31, go 1 mile, property onleft.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Description: Wood-Some
  • Kitchen Appliances Included: Oven/Range Gas, Refrigerator
  • Total Sq Ft: 950

Exterior Features

  • Construction: Cedar
  • Number of Acres: 0.2525

Utilities

  • Heating Fuel Description: Electric, Propane, Wood
  • Sewer Description: Septic
  • Water Heater Fuel: Electric
  • Water Supply: Well

Schools

  • School District: Norwich

Lot Info

  • Parcel Number: 111.-1-34

Tax Info

  • Total Taxes: 1600

MLS Schools

  • School District Name: Norwich

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Feb 23, 2023
Sold by
Fortuin Andrea
Bought by
Osborne Brian and Osborne Shannon
Seller's Agent
Kara Posson Reed
KP Country Real Estate LLC
Buyer's Agent
Bruce Beadle
Howard Hanna
List Price
$70,000
Sold Price
$63,500
Premium/Discount to List
-$6,500
-9.29%
Views
45
Current Estimated Value
$92,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,203
Avg. Annual Appreciation
21.21%
Original Mortgage
$30,000
Outstanding Balance
$29,124
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$73,391

Purchase Details

Closed on
Sep 8, 2016
Sold by
Clair Jerri E
Bought by
Fortuin Andrea

Purchase Details

Closed on
Mar 28, 1995
Sold by
Hickling Richard
Bought by
Clair Jeri E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Osborne Brian $63,500 None Available
Fortuin Andrea $32,000 Lee, Emerson & Palmer,Llp
Fortuin Andrea $32,000 Lee, Emerson & Palmer,Llp
Clair Jeri E $6,500 --
Clair Jeri E $6,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osborne Brian $30,000
Closed Osborne Brian $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2023 02/23/23 Sold $63,500 -9.3% $67 / Sq Ft
12/23/2022 12/23/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $70,000 -- $74 / Sq Ft
Source: Otsego-Delaware Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,671 $25,000 $7,500 $17,500
2023 $1,667 $25,000 $7,500 $17,500
2022 $1,644 $25,000 $7,500 $17,500
2021 $1,570 $25,000 $7,500 $17,500
2020 $1,581 $25,000 $7,500 $17,500
2019 $1,334 $25,000 $7,500 $17,500
2018 $1,334 $25,000 $7,500 $17,500
2017 $1,503 $25,000 $7,500 $17,500
2016 $1,477 $25,000 $7,500 $17,500
2015 -- $25,000 $7,500 $17,500
2014 -- $25,000 $7,500 $17,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kara Posson Reed

    KP Country Real Estate LLC

    Section Image
  • Bruce Beadle

    Buyer's Agent in 2023

    Bruce Beadle

    Howard Hanna

    (607) 336-8080

    3 in this area

    38 Total Sales

    Bruce Beadle
    Section Image
See All Agents

Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: OD136964

Otsego-Delaware Board of REALTORS®

APN: 084000-111-000-0001-034-000-0000

New York Chenango County Norwich 13815

305 County Road 31, Norwich, NY

This home is located at 305 County Road 31, Norwich, NY 13815 since 09 November 2022 and is currently estimated at $92,703, approximately $97 per square foot. This property was built in 1950. 305 County Road 31 is a home located in Chenango County with nearby schools including Stanford J. Gibson Primary School, Perry Browne Intermediate School, and Norwich Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Otsego-Delaware Board of REALTORS® 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 Homes.com, LLC are marked with the IDX logo and include the Listing Broker’s Firm Name.
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 Homes.com, LLC shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.

Nearby Homes