$65,000
SOLD MAR 12, 2025

5198 State Highway 12 Norwich, NY 13815

4 Beds
0.5 Bath
2,400 Sq Ft
2.22 Acres

Recently Sold

$27 Per Sq Ft

22% Below List Price

110 Days on Market

Highlights

  • 2.22 Acre Lot
  • Farmhouse Style Home
  • Wood Siding
  • Wood Flooring
  • 2 Car Detached Garage
  • No Heating

About This Home

As of March 2025

This expansive 2.22-acre parcel is strategically positioned on a bustling, highly trafficked road, making it an ideal spot for your next home or business venture. With excellent visibility, your business will capture the attention of passersby and potential customers. The property boasts a charming 1843 farmhouse that whispers stories of yesteryears. While it needs improvement, imagine the character and authenticity you can infuse into your new home or business by preserving this piece of history. Whether you envision a boutique shop, a cozy café, or a professional office space, this parcel offers endless possibilities. The spacious land allows for ample parking, outdoor seating, or even expansion. Alongside the farmhouse stands a barn, waiting for your creative touch. With its strategic location and historical appeal, this parcel represents a smart investment. Renovate the farmhouse and barn to create a unique business hub that stands out in the community. Don’t miss out on this rare opportunity to shape your dreams on this remarkable piece of land! Schedule a visit today and explore the potential that awaits you.

Last Agent to Sell the Property

Ryan Woods

Listing by Howard Hanna Brokerage Phone: 908-930-1239 License #10401387921 Listed on: 09/30/2024

Howard Hanna

Co-Listed By

Karen Cammarata

Listing by Howard Hanna Brokerage Phone: 908-930-1239 License #10301200644

Last Buyer's Agent

Ryan Hastings

Listing by Coldwell Banker Faith Properties License #10401366852

Coldwell Banker Faith Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1843

Lot Details

  • 2.22 Acre Lot
  • Lot Dimensions are 410x225

Parking

  • 2 Car Detached Garage
  • Dirt Driveway

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 0.5 Bathroom

Utilities

  • No Heating
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 160.-1-10.22

Home Details

Home Type

Single Family

Year Built

Built in 1843

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1843
  • Attribution Contact: 908-930-1239
  • Road Frontage Type: Main Thoroughfare
  • Co List Office Mls Id: ODUSA1
  • Co List Office Phone: 607-336-8080
  • Directions: State Hwy 12 diagonally across from Mayhood's Sporting Goods
  • Architectural Style: Farmhouse, Two Story
  • Flooring: Hardwood, Varies
  • Garage Yn: Yes
  • Interior Features: Other, See Remarks
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement YN: Yes
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Main Level Bathrooms: 1
  • Total Bedrooms: 7
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 2.22
  • Waterfront: No
  • Construction Type: Wood Siding
  • Exterior Features: Dirt Driveway
  • Foundation Details: Stone

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage

Utilities

  • Heating: Other, See Remarks, None
  • HeatingYN: No
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Norwich

Lot Info

  • Parcel Number: 160.-1-10.22
  • Lot Dimensions: 410X225
  • Lot Size Sq Ft: 96703.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4152.0
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Feb 11, 2025
Sold by
H-Kelley Chandler N
Bought by
Ortega Juan
Seller's Agent
Ryan Woods
Howard Hanna
Buyer's Agent
Ryan Hastings
Coldwell Banker Faith Properties
List Price
$82,900
Sold Price
$65,000
Premium/Discount to List
-$17,900
-21.59%
Views
168
Current Estimated Value
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,000
Avg. Annual Appreciation
255.33%

Purchase Details

Closed on
Sep 5, 2023
Sold by
Hambarzumjan Schochakat N
Bought by
H-Kelley Chandler N

Purchase Details

Listed on
Sep 12, 2020
Closed on
Mar 12, 2021
Sold by
Little Aussies Llc
Bought by
Hambarzumjan Schochakat N
Seller's Agent
Steph Jacobson
Yaman Commercial Industrial
Buyer's Agent
Steph Jacobson
Yaman Commercial Industrial
List Price
$62,000
Sold Price
$49,000
Premium/Discount to List
-$13,000
-20.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.61%
Original Mortgage
$35,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 30, 2020
Closed on
May 28, 2020
Sold by
Wilmington T Na Tr
Bought by
Little Aussics Llc
Seller's Agent
Lou DeMichele
eXp Realty
Buyer's Agent
Lou DeMichele
eXp Realty
List Price
$25,000
Sold Price
$15,000
Premium/Discount to List
-$10,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
302.56%

Purchase Details

Closed on
Jan 22, 2020
Sold by
Wilmington T Co and Jerome-Pertilla
Bought by
Wilmington T Co

Purchase Details

Closed on
Sep 2, 2005
Sold by
Lindenthaler Properties Llc
Bought by
Jerome-Pertilla Laurie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 1999

Purchase Details

Closed on
Dec 31, 1996
Sold by
Mcnitt John and Mcnitt Barbara N
Bought by
Lindenthaler Allen L and Lindenthaler Pattie
Source: Public Records

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Range of Values:

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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 $65,000 Chicago Title
Warranty Deed -- None Available
Warranty Deed $49,000 None Available
Warranty Deed $49,000 None Available
Warranty Deed $15,000 None Available
Deed $180,476 None Available
Deed $180,476 None Available
Deed $127,500 Frank Revoir
Deed $127,500 Frank Revoir
Deed -- --
Deed -- --
Deed $85,000 --
Deed $85,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $35,000 Purchase Money Mortgage
Previous Owner $100,000 Unknown
Previous Owner $27,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 Sold $65,000 -21.6% $27 / Sq Ft
01/18/2025 01/18/25 Pending -- -- --
09/30/2024 09/30/24 For Sale $82,900 +69.2% $35 / Sq Ft
04/12/2021 04/12/21 Sold $49,000 -21.0% $17 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
09/12/2020 09/12/20 For Sale $62,000 +313.3% $21 / Sq Ft
06/04/2020 06/04/20 Sold $15,000 -40.0% --
05/07/2020 05/07/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $25,000 -- --
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 $4,152 $51,000 $4,800 $46,200
2023 $4,093 $51,000 $4,800 $46,200
2022 $4,018 $51,000 $4,800 $46,200
2021 $3,983 $51,000 $4,800 $46,200
2020 $3,872 $51,000 $4,800 $46,200
2019 $2,929 $51,000 $4,800 $46,200
2018 $2,929 $51,000 $4,800 $46,200
2017 $3,502 $51,000 $4,800 $46,200
2016 $3,421 $51,000 $4,800 $46,200
2015 -- $51,000 $4,800 $46,200
2014 -- $51,000 $4,800 $46,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: R1568443

Otsego-Delaware Board of REALTORS®

APN: 084200-160-000-0001-010-220-0000