$46,000
SOLD OCT 29, 2024

3723 W 5 Mile Rd Allegany, NY 14706

7 Acres
$6,389 Price per Acre
313,632 Sq Ft Lot

Recently Sold

2% Above List Price

12 Days on Market

Highlights

  • 7.2 Acre Lot
  • Views
  • Level Lot
  • Wooded Lot
  • High Speed Internet

About This Lot

As of July 2025

This 7 acre building lot is a great spot to build your new home in Allegany NY, Cattaraugus County.

The land is level and partially wooded with scattered pine trees.  There is a clearing off of W. Five Mile Road that would make a great building lot.  Most of the acreage is an open field that can be turned into lawn.  There is electric at the road.  The new owner would have to install a septic and a well.  The road frontage on W. Five Mile Road is 420 feet and the frontage on Five Mile Road is 31 feet.

Great location to build a new home with minimal traffic on W. Five Mile Road.  There are great views in all directions.  This property is located in Allegany-Limestone School District.  The annual taxes are $650.98.  Don't miss this opportunity to own a beautiful tract of land just outside the Town of Allegany.

The property is located approximately 7 minutes to downtown Allegany NY, 14 minutes to Olean NY, 19 minutes to Ellicottville NY, 52 minutes to Jamestown NY, and 1 hour 10 minutes to Buffalo NY.

Last Agent to Sell the Property

Travis Thurston

Listing by Landquest Inc. Brokerage Phone: 585.386.9413 License #10301222583 Listed on: 07/23/2024

Last Buyer's Agent

Travis Thurston

Listing by Landquest Inc. Brokerage Phone: 585.386.9413 License #10301222583 Listed on: 07/23/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $651

Lot Details

  • 7.2 Acre Lot
  • Lot Dimensions are 420x1047
  • Rural Setting
  • Level Lot
  • Wooded Lot

Parking

  • Gravel Driveway

Utilities

  • Water Not Available
  • Sewer Not Available
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 042089-075-004-0001-064-009-0000

Property Details

Property Type

Land

Est. Annual Taxes

$651

Lot Details

0

Listing Details

  • Topography: Level
  • Development Status: Raw Land
  • Property Sub Type: Residential
  • Property Type: Land
  • Attribution Contact: 585.386.9413
  • Lot Features: Rural Lot, Wooded, Level
  • Road Frontage Type: Town Road
  • Directions: From Main St. in Allegany turn onto N. First St., north on Five Mile Rd., left on W. Five Mile Rd., property is on the right.
  • ResoBuildingAreaSource: Other
  • Property Sub Type Additional: Residential,Recreation
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Recreational

Exterior Features

  • Acres: 7.2
  • View: Yes
  • Waterfront: No
  • Exterior Features: Gravel Driveway

Utilities

  • Utilities: Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Not Available, Water Not Available
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Allegany-Limestone

Lot Info

  • Parcel Number: 042089-075-004-0001-064-009-0000
  • Current Use: Recreational
  • Lot Dimensions: 420X1047
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 651.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Oct 15, 2024
Sold by
Resch Jacob P and Resch Regina V
Bought by
M D & Melody H Hahn Ret
Seller's Agent
Travis Thurston
Landquest Inc.
Buyer's Agent
Travis Thurston
Landquest Inc.
List Price
$44,900
Sold Price
$46,000
Premium/Discount to List
$1,100
2.45%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.65%

Purchase Details

Closed on
Oct 27, 2023
Sold by
Boldt Michael and Warters-Boldt Amanda
Bought by
Resch Jacob P and Resch Regina V

Purchase Details

Closed on
Oct 5, 2017
Sold by
Trust Company Hamlin Bank And
Bought by
Boldt Michael

Purchase Details

Closed on
Aug 24, 2015
Sold by
Kriz Steven C
Bought by
Hamlin Bank And Trust Co

Purchase Details

Closed on
Sep 6, 2013
Sold by
Robinson Marcia
Bought by
Kriz Steven
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $46,000 None Available
Warranty Deed $35,000 None Available
Warranty Deed $35,000 None Available
Deed -- Michael A. Morgan
Deed -- Michael A. Morgan
Foreclosure Deed $8,005 Michael A. Morgan
Foreclosure Deed $8,005 Michael A. Morgan
Deed $13,000 Gregory Shemeld
Deed $13,000 Gregory Shemeld
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Sold $44,900 0.0% --
05/16/2025 05/16/25 Pending -- -- --
04/08/2025 04/08/25 Price Changed $44,900 -2.2% --
11/25/2024 11/25/24 For Sale $45,900 -0.2% --
10/29/2024 10/29/24 Sold $46,000 +4.8% --
08/05/2024 08/05/24 Pending -- -- --
07/29/2024 07/29/24 Price Changed $43,900 -2.2% --
07/23/2024 07/23/24 For Sale $44,900 -- --
Source: Cortland County 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 $651 $19,000 $19,000 $0
2023 $651 $19,000 $19,000 $0
2022 $616 $19,000 $19,000 $0
2021 $623 $19,000 $19,000 $0
2020 $950 $19,000 $19,000 $0
2019 $305 $19,000 $19,000 $0
2018 $971 $19,000 $19,000 $0
2017 $979 $17,300 $17,300 $0
2016 $637 $17,300 $17,300 $0
2015 -- $17,300 $17,300 $0
2014 -- $17,300 $17,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cortland County Board of REALTORS®

MLS Number: S1554195

Cortland County Board of REALTORS®

APN: 042089-075-004-0001-064-009-0000