NOT LISTED FOR SALE

7021 Route 474 Panama, NY 14767

Estimated Value: $158,000 - $346,032

3 Beds
1 Bath
1,008 Sq Ft
$273/Sq Ft Est. Value

Last Sold October 09, 2018

Last sale price $75,000 $74 Per Sq Ft

Est. 267% increase in value since last sale

Current estimated payment $1,983/month

84 Days on Market

Highlights

  • 5.75 Acre Lot
  • Main Floor Bedroom
  • Combination Dining and Living Room
  • Wooded Lot
  • Cottage
  • Rectangular Lot

About This Home

As of October 2018

This year-round camp is located directly across the road from State-owned lands, snowmobile trail, and the Fred J. Cusimano Overland Trail. Well insulated with R-19 and R-26 insulation. Septic new in 2012. Ventless propane gas heater heats the whole house. Located 1.6 miles west on Route 474 from the center of Panama. Left side.

Last Agent to Sell the Property

Liz Barnes

Listing by Real Estate Advantage License #10301210374 Listed on: 05/07/2018

Last Buyer's Agent

Liz Barnes

Listing by Real Estate Advantage License #10301210374 Listed on: 05/07/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,058

Year Built

  • Built in 2011

Lot Details

  • 5.75 Acre Lot
  • Lot Dimensions are 300 x 856
  • Rectangular Lot
  • Wooded Lot

Home Design

  • Cottage
  • Log Cabin
  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 1,008 Sq Ft Home
  • 2-Story Property
  • Free Standing Fireplace
  • Gas Fireplace
  • Combination Dining and Living Room
  • Laminate Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • No Garage
  • Stone Driveway

Schools

  • Panama K-6 Elementary School
  • Panama High School

Utilities

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

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 064889-398-000-0001-018-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,058

Year Built

Built in 2011

Lot Details

5.75 Acres

Listing Details

  • NY Swis Code: Harmony-064889
  • Total Assessed Value: 63500
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 300
  • Lot Dimension Front: 856
  • Lot Information: Secondary Road, Wooded Lot
  • Lot Number: 18
  • Lot Shape: Rectangular
  • Nearest Cross Street: Weeks Road
  • Number of Stories: 2.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 13043.48
  • Ratio Close Price By Sq Ft: 74.40
  • Ratio List Price By Acres: 18782.61
  • Ratio List Price By Sq Ft: 107.14
  • Regional Board Code: Rochester
  • School Tax: 268
  • Styles of Residence: 2 Story, Cabin, Cottage
  • Sub Board Code: Chautauqua-Cattaraugus
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 517928
  • Age of Building: 11
  • Year Built: 2011
  • Directions To Property: From the center of Panama. 1.6 miles west on Route 474. South side.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2011

Interior Features

  • Full Bathrooms: 1
  • Additional Rooms: 1st Floor Bedroom
  • Floor Description: Laminate-Some
  • Kitchen Appliances Included: Oven/Range Electric, Refrigerator
  • Kitchen Dining Description: Living/Dining Combo
  • Number of Bedrooms 1st Floor: 1
  • Number of Bedrooms 2nd Floor: 2
  • Number of Fireplaces Freestanding: 1
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 1
  • Number of Rooms: 5
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1008

Exterior Features

  • Construction: Frame, Wood
  • Number of Acres: 5.7500

Garage/Parking

  • Driveway Description: Stone/Gravel
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Propane
  • Hvac Type: Heat Gas on Gas Stove
  • Sewer Description: Septic
  • Water Heater Fuel: Electric

Lot Info

  • Parcel Number: 064889-398-000-0001-018-000

Tax Info

  • Total Taxes: 2058

MLS Schools

  • Elementary School Name: Panama K-6
  • High School Name: Panama High
  • School District Name: Panama

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2018
Closed on
Sep 19, 2018
Sold by
Hennessy Robert and Hennessy Dana
Bought by
Troyer Mark A and Troyer Elma A
Seller's Agent
Liz Barnes
Real Estate Advantage
Buyer's Agent
Liz Barnes
Real Estate Advantage
List Price
$108,000
Sold Price
$75,000
Premium/Discount to List
-$33,000
-30.56%
Current Estimated Value
$275,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,508
Avg. Annual Appreciation
19.37%
Original Mortgage
$60,000
Outstanding Balance
$44,770
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$230,738
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Troyer Mark A $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troyer Mark A $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2018 10/09/18 Sold $75,000 -30.6% $74 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $108,000 +145.5% $107 / Sq Ft
12/05/2012 12/05/12 Sold $44,000 0.0% $44 / Sq Ft View Prior Sale
10/30/2012 10/30/12 Pending -- -- --
09/26/2012 09/26/12 For Sale $44,000 -- $44 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

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 $6,772 $213,000 $22,100 $190,900
2023 $5,997 $190,700 $22,100 $168,600
2022 $4,423 $190,700 $22,100 $168,600
2021 $2,969 $97,200 $22,100 $75,100
2020 $2,968 $97,200 $22,100 $75,100
2019 $2,648 $97,200 $22,100 $75,100
2018 $2,648 $85,000 $22,100 $62,900
2017 $3,426 $63,500 $18,600 $44,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Liz Barnes

    Real Estate Advantage

    Section Image

  • S

    Seller's Agent in 2012

    SARA VAIL

    Century 21 Turner Brokers

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Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1115684

Chautauqua-Cattaraugus Board of REALTORS®

APN: 064889 398.00-1-18.1 01

New York Chautauqua County Panama 14767

7021 Route 474, Panama, NY

Not Listed for Sale

Detached

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