$190,000
SOLD JUL 22, 2024

541 Wells Bridge Rd Otego, NY 13825

1 Bed
1 Bath
480 Sq Ft
1.3 Acres

Recently Sold

$396 Per Sq Ft

5% Below List Price

11 Days on Market

Highlights

  • River Access
  • Wood Flooring
  • Cottage
  • Access to a Dock
  • Main Floor Bedroom
  • Workshop

About This Home

As of July 2024

This affordable WATERFRONT cottage has been used for a year round home. Comfortable living with one bedroom, electric heat, open concept kitchen and living room combo. Enclosed porch and covered patio, both overlooking the scenic and historic Susquehanna River, home of the famous 70 mile General Clinton Canoe Regatta starting in Cooperstown ending in nearby Bainbridge. Artistically landscaped steps and walls using local bluestone adding to the peaceful, scenic and inspiring setting here! Many substantial renovations including new electric, plumbing, new kitchen appliances and counter tops, new block foundation with sliding door for walk out basement area and more. Very nice roadside two story barn/garage with plenty of storage space. Separate buildings include garden/utility shed by the river and finished studio building with sliding door near the main house. New floating dock is in and ready to launch canoes and kayaks! Beautiful terraced yard space large enough to build one or two rental cabins for guests. Located just 15 minutes to the City of Oneonta for colleges, hospitals, restaurants, shopping, arts and entertainment. So much opportunity with this nice riverfront property!

Last Agent to Sell the Property

Justin Rogers

Listing by New York Trophy Properties Brokerage Phone: (607) 435-1530 License #10371200104 Listed on: 06/02/2024

Last Buyer's Agent

Betsy Shultis

Listing by Benson Agency Real Estate LLC License #49SH0935322

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,336

Year Built

  • Built in 1965

Lot Details

  • 1.3 Acre Lot
  • Lot Dimensions are 268x7
  • Home fronts a stream
  • Rural Setting

Parking

  • 2 Car Detached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Cottage
  • Block Foundation

Interior Spaces

  • 480 Sq Ft Home
  • 1-Story Property
  • Workshop
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • River Access
  • Access to a Dock
  • Enclosed patio or porch

Utilities

  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 125089-075-000-0001-006-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,336

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1965
  • Attribution Contact: (607) 435-1530
  • Lot Features: Rural Lot
  • Water Body Name: Susquehanna River
  • Directions: From Wells Bridge on State Route 7, over the bridge by Zaveral Racing Equipment (canoe and kayak paddles) and left onto Wells Bridge Road. Property on left at barn.
  • Architectural Style: Cottage
  • Flooring: Carpet, Hardwood, Varies
  • Garage Yn: Yes
  • Interior Features: Eat-in Kitchen, Pull Down Attic Stairs, Bedroom on Main Level, Workshop
  • Unit Levels: One
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Dryer, Electric Oven, Electric Range, Electric Water Heater, Washer
  • Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Total Bedrooms: 4
  • Stories: 1
  • Stories: 1

Exterior Features

  • Acres: 1.3
  • Waterfront Features: Dock Access, River Access, Stream
  • Waterfront: No
  • Construction Type: Frame
  • Exterior Features: Gravel Driveway, Patio
  • Foundation Details: Block
  • Patio And Porch Features: Enclosed, Patio, Porch

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Electricity, Garage, Workshop in Garage, Garage Door Opener

Utilities

  • Heating: Baseboard, Electric
  • HeatingYN: Yes
  • Utilities: High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Unatego

Lot Info

  • Parcel Number: 125089-075-000-0001-006-000
  • Lot Dimensions: 268X7
  • Lot Size Sq Ft: 56628.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1336.0
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2024
Closed on
Jul 17, 2024
Sold by
Cook Angela
Bought by
Underwood Ross
Seller's Agent
Justin Rogers
New York Trophy Properties
Buyer's Agent
Betsy Shultis
Benson Agency Real Estate LLC
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.16%

Purchase Details

Closed on
Aug 14, 2015
Sold by
Brehm Georgia L
Bought by
Cook Angela

Purchase Details

Closed on
Mar 6, 2014
Sold by
Brehm Georgia
Bought by
Brehm Georgia

Purchase Details

Closed on
Mar 29, 2010
Sold by
Jordan Estate Dennis
Bought by
Brehm Georgia
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 $190,000 None Available
Warranty Deed $190,000 None Available
Deed $42,000 David S Merzig
Deed $42,000 David S Merzig
Deed -- John R. Winn
Deed -- John R. Winn
Interfamily Deed Transfer -- John Winn
Interfamily Deed Transfer -- John Winn
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $200,000 +5.3% $417 / Sq Ft
07/22/2024 07/22/24 Sold $190,000 -4.5% $396 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/02/2024 06/02/24 For Sale $199,000 -- $415 / 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 $1,082 $35,000 $10,600 $24,400
2023 $1,336 $35,000 $10,600 $24,400
2022 $1,526 $35,000 $10,600 $24,400
2021 $1,544 $35,000 $10,600 $24,400
2020 $1,334 $35,000 $10,600 $24,400
2019 $344 $35,000 $10,600 $24,400
2018 $1,191 $35,000 $10,600 $24,400
2017 $1,169 $35,000 $10,600 $24,400
2016 $1,196 $35,000 $10,600 $24,400
2015 -- $35,000 $10,600 $24,400
2014 -- $35,000 $10,600 $24,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Otsego-Delaware Board of REALTORS®

MLS Number: R1542383

Otsego-Delaware Board of REALTORS®

APN: 125089-075-000-0001-006-000