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Key Details
Sold Price $962,500
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $222
MLS Listing ID R1579723
Sold Date 02/21/25
Bedrooms 4
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $7,832
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 51X215
Property Sub-Type Other
Property Description
**LIMITED TIME ONLY** FALL SALE price $995,000. Location Location Location! NOW IS YOUR OPPORTUNITY TO OWN a unique OTSEGO LAKE FRONT property with beautiful views along with off-street parking! Almost 50 ft of lake front and 3 levels of deck/patio overlooking the Lake with views of the beach at Glimmerglass State Park and water deep enough for your boat to dock! This property, formerly used as a motel/rental, but in the past 5 years as a private family retreat, can now be your home or great investment property! There are 3 levels of living with 5 private entrances for each and a separate area for laundry/storage on mid-level. All but suite 4, have kitchens. Each level could easily be made, with no major structural changes, into its own apartment for family and/or friends making it a great place to gather for your entire family and extended family. You can leave as is and have 5 full-time rental suites or keep the bottom suite as your owners' quarters and rent out the rest! The bottom suite has a propane fireplace to keep you toasty as you look out to your 4 seasons view of the lake! Suites 1 and 3 have mini splits, Suites 2 and 4 have propane wall units and electric air conditioners. Suites 1-4 have enclosed sleeping porches or additional living space with additional private decks overlooking the lake. Outside there is an engineered, multi-level yard leading down to the lake with a deck overlooking the water and an area for a firepit at the bottom giving you multiple areas to enjoy the water views! A beautiful retaining wall so you have no worries of the water washing away your lake front any time soon! The owners have taken great pride in this property and have updated and maintained it! The engineered septic has permits and is tested yearly. 75 gallon propane hot water tank makes it great for year-round living. Backup generator hook up is built into the 200 AMP service. There is a spacious storage building across the street next to the 5 parking spots. This property is located 1.5 miles South of Glimmerglass Opera, 6.5 miles from downtown Cooperstown and 11 miles from the Dreams Park! DON'T MISS OUT! Start planning now for the Spring! Also MLS R1578577
Location
State NY
County Otsego
Area Springfield-366000
Direction From Cooperstown take State Highway 80
Body of Water Otsego Lake
Rooms
Basement Walk-Out Access
Interior
Heating Ductless, Propane
Cooling Ductless
Flooring Carpet, Tile, Varies
Fireplaces Number 1
Fireplace Yes
Appliance Dryer, Exhaust Fan, Propane Water Heater, Refrigerator, Range Hood, Washer
Exterior
Exterior Feature Dock, Gravel Driveway, Patio, Private Yard, See Remarks, Propane Tank - Leased
Community Features Other, See Remarks
Utilities Available High Speed Internet Available
Waterfront Description Beach Access,Deeded Access,Dock Access,Lake
View Y/N Yes
View Water
Roof Type Other,See Remarks
Porch Patio
Garage No
Building
Lot Description Rectangular, Rectangular Lot
Story 3
Sewer Septic Tank
Water Well
Structure Type Frame
Construction Status Existing
Schools
School District Cherry Valley-Springfield
Others
Senior Community No
Tax ID 55.77-1-13.00
Acceptable Financing Cash, FHA
Listing Terms Cash, FHA
Financing Cash
Special Listing Condition Standard
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KW Upstate New York Properties
Broker | License ID: 10991215115
Broker License ID: 10991215115