NOT LISTED FOR SALE

8516 Bailey Hill Rd East Otto, NY 14729

Estimated Value: $531,000 - $653,000

3 Beds
3 Baths
3,000 Sq Ft
$194/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $380,000 $127 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,056/month

197 Days on Market

Highlights

  • Heated Floors
  • Chalet
  • Secluded Lot
  • 7.33 Acre Lot
  • Deck
  • Wooded Lot

About This Home

As of February 2020

Set on 7+ private acres w/views of the surrounding hills, this 3-level newer build is just minutes from the slopes in Ellicottville yet quietly detached from the busyness. Exquisite craftsmanship throughout this timber frame chalet is a picture of rustic elegance w/radiant heated knotty white oak hrdwds,soaring timber ceilings,antler chandelier,stone fplc(NWTC)&wall of wndws. Open concept living space features a kit w/reclaimed wood cabinetry,stainless,granite&island. 2 mstr suites w/walk-in closets,slate shower,jetted tub&2nd flr loft overlook. Lower level rec rm w/hillside walkout to covered patio. Upgrades include a 50-year metal roof,outbuilding,smart home equipped w/sec.&an expansive covered deck. Enjoy the outdoors yr round w/cross-country/hiking trails, pond, creek & picnic shelter.

Last Agent to Sell the Property

Gina Trippie

Listing by No Office Affiliation License #10401308936 Listed on: 06/17/2019

Last Buyer's Agent

Tina Dillon

Listing by Keller Williams Realty Lancaster License #40DI0668381

Keller Williams Realty Lancaster

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,714

Year Built

  • Built in 2014

Lot Details

  • 7.33 Acre Lot
  • Lot Dimensions are 277 x 896
  • Property fronts a private road
  • Secluded Lot
  • Hillside Location
  • Wooded Lot
  • Private Yard

Home Design

  • Chalet
  • Contemporary Architecture
  • Partial Copper Plumbing

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Sliding Doors
  • Two Story Entrance Foyer
  • Family Room
  • Open Floorplan
  • Living Room
  • Loft
  • Security System Owned
  • Laundry on main level

Kitchen

  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Finished Basement

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

Parking

  • No Garage
  • Stone Driveway

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Shed
  • Porch

Utilities

  • Zoned Heating
  • Radiant Heating System
  • Heating System Uses Propane
  • Programmable Thermostat
  • Well
  • Propane Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 043200-037-001-0002-002-000-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,714

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Additional Structures: Shed/Storage
  • NY Swis Code: East Otto-043200
  • Total Assessed Value: 411000
  • Foundation Description: Poured
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 277
  • Lot Dimension Front: 896
  • Lot Information: Private Road, Secluded, Wooded Lot
  • Lot Number: 2
  • Nearest Cross Street: Mill Valley
  • Number of Stories: 3.0000
  • Property Type: Single Family Residential
  • Ratio Close Price By Acres: 51841.75
  • Ratio Close Price By Sq Ft: 126.67
  • Ratio List Price By Acres: 52523.87
  • Ratio List Price By Sq Ft: 128.33
  • Regional Board Code: Buffalo
  • School Tax: 5241
  • Styles of Residence: Chalet, Contemporary, Hillside
  • Sub Board Code: Buffalo
  • Type of Sale: Normal
  • Year Built Description: Existing
  • Lot Sq Ft: 293159
  • Age of Building: 8
  • Year Built: 2014
  • Directions To Property: From Ellicottville, take Mechanic Street / Maples Rd turn right on Kent, continue straight onto Crumb Hill. Turn right on Bailey Hill.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 2014

Interior Features

  • Full Bathrooms: 3
  • Additional Interior Features: Cathedral Ceiling, Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Natural Woodwork - some, Security System - Owned, Sliding Glass Door, Two Story Foyer
  • Additional Rooms: 1st Floor Master Suite, Basement / Rec Room, Family Room, Laundry-1st Floor, Living Room, Loft, Porch - Open, Possible Additional Bedroom
  • Basement Description: Exterior Walkout, Finished, Full
  • Floor Description: Hardwood-Some, Tile-Some, Wall To Wall Carpet-Some
  • Kitchen Appliances Included: Dishwasher, Microwave, Oven/Range Gas, Refrigerator
  • Kitchen Dining Description: Breakfast Bar, Granite Counter, Island, Kitchen/Family Room Combo, Living/Dining Combo
  • Number of Bedrooms 1st Floor: 2
  • Number of Bedrooms 2nd Floor: 1
  • Number of Fireplaces Gas: 1
  • Number of Fireplaces Not Repto Code: 1
  • Number of Fireplaces Total Calculated: 1
  • Number of 1st Floor Full Bathrooms: 2
  • Number of 2nd Floor Full Bathrooms: 1
  • Number of Rooms: 9
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Total Sq Ft: 3000

Exterior Features

  • Construction: Wood
  • Additional Exterior Features: Balcony, Deck, Patio, Private Yard - see Remarks
  • Number of Acres: 7.3300

Garage/Parking

  • Driveway Description: Parking Area, Stone/Gravel
  • Garage Description: No Garage

Utilities

  • Heating Fuel Description: Propane
  • Hvac Type: Heated Floors, Multi-Zone, Programmable Thermostat, Radiant
  • Sewer Description: Septic
  • Water Heater Fuel: Propane

Condo/Co-op/Association

  • HOA Fees: 470
  • HOA Fees Description: Annually

Schools

  • School District: Cattaraugus-Little Valley

Lot Info

  • Parcel Number: 043200-037-001-0002-002-000-0000

Tax Info

  • Total Taxes: 13714

MLS Schools

  • School District Name: Cattaraugus-Little Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Feb 18, 2020
Sold by
Bailey-Otto Llc
Bought by
Komin Stanley P
Seller's Agent
Gina Trippie
No Office Affiliation
Buyer's Agent
Tina Dillon
Keller Williams Realty Lancaster
List Price
$410,000
Sold Price
$380,000
Premium/Discount to List
-$30,000
-7.32%
Current Estimated Value
$581,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,182
Avg. Annual Appreciation
9.36%

Purchase Details

Listed on
Jun 17, 2019
Closed on
Feb 14, 2020
Sold by
Bailey-Otto Llc
Bought by
Komin Stanley P
Seller's Agent
Gina Trippie
No Office Affiliation
Buyer's Agent
Tina Dillon
Keller Williams Realty Lancaster
List Price
$410,000
Sold Price
$380,000
Premium/Discount to List
-$30,000
-7.32%

Purchase Details

Closed on
May 10, 2013
Sold by
Lofty Mountain Grandeur Corp
Bought by
Bailey-Otto Llc

Purchase Details

Closed on
May 26, 2009
Sold by
Incorvaia Michael
Bought by
Lofty Mountain Grandeur Corp

Purchase Details

Closed on
Apr 17, 2008
Sold by
Idylzea Tree Farms Inc
Bought by
Incorvaia Michael
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 Buyer Sale Price Title Company
Komin Stanley P $385,000 None Available
Komin Stanley P $385,000 None Available
Bailey-Otto Llc $150,000 F. Gerard Hogan
Lofty Mountain Grandeur Corp -- Gregory R Yaw
Incorvaia Michael -- Gregory R Yaw
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $380,000 -1.3% $127 / Sq Ft
12/31/2019 12/31/19 Pending -- -- --
12/27/2019 12/27/19 Price Changed $385,000 -1.3% $128 / Sq Ft
12/06/2019 12/06/19 Price Changed $390,000 -1.3% $130 / Sq Ft
11/14/2019 11/14/19 Price Changed $395,000 -1.3% $132 / Sq Ft
11/01/2019 11/01/19 Price Changed $400,000 -1.2% $133 / Sq Ft
10/23/2019 10/23/19 Price Changed $405,000 -1.2% $135 / Sq Ft
06/17/2019 06/17/19 For Sale $410,000 -- $137 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

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 $10,973 $470,200 $43,300 $426,900
2023 $11,157 $470,200 $43,300 $426,900
2022 $10,978 $412,000 $40,500 $371,500
2021 $13,103 $411,000 $72,900 $338,100
2020 $13,215 $411,000 $72,900 $338,100
2019 $6,007 $411,000 $72,900 $338,100
2018 $13,713 $411,000 $72,900 $338,100
2017 $14,071 $411,000 $72,900 $338,100
2016 $14,389 $411,000 $72,900 $338,100
2015 -- $194,500 $7,300 $187,200
2014 -- $87,300 $7,300 $80,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1202670

Western New York Real Estate Information Services (WNYREIS)

APN: 043200-037-001-0002-002-000-0000