3980 State Highway 7

9,400 Sq. Ft.
$54 / Sq. Ft.
9,400
Sq. Ft.
$54
per Sq. Ft.

Description

TRIPLE PLAY: Three rental houses with a total of EIGHT incomes. Main Georgian Colonial has six apartments. (Three studio apartments, Three - 2 bedroom (upstairs w/skylights & open deck, first floor back of house, large kitchen, laundry, fenced yard off back open deck and first floor large bedroom with an up and down floor plan.) Then there is the carriage house, which has vaulted ceilings, updated kitchen, large LR, 4 Bedrooms, laundry closet room, heated glassed closed in porch. Then lastly is the...TRIPLE PLAY: Three rental houses with a total of EIGHT incomes. Main Georgian Colonial has six apartments. (Three studio apartments, Three - 2 bedroom (upstairs w/skylights & open deck, first floor back of house, large kitchen, laundry, fenced yard off back open deck and first floor large bedroom with an up and down floor plan.) Then there is the carriage house, which has vaulted ceilings, updated kitchen, large LR, 4 Bedrooms, laundry closet room, heated glassed closed in porch. Then lastly is the Manor, which has vaulted ceilings, full eat in kitchen, stone fireplace, vaulted main entrance, DR, LR, two full baths and three bedrooms. All situated on 13 acres of sweeping lawn, pasture (fenced), with pond and gazebo. Consistent income earner for over 40 years. Potential for increased income is here with 12 acres to develop. Horse barn with stalls still intact. Bring the horses OR renovate into more rentals! Two septic's and two wells. 6'' Seamless gutters which drain out a way from the house. Property has been maintained. Main house is all electric with some apartments having a pellet stove. Only cost to the owner is the common electric and maintenance. Opportunity is here! Do th
  1. Listed by Stacey M. Frazier ABR • Keller Williams Upstate NY Properties
    P: (607)-434-9538 C: (607)-434-9538 staceyfrazier@kw.com

Amenities

  • Carpet Floors
  • Ceiling Fan
  • Colonial
  • Deck
  • Detached Parking
  • Electric Heat
  • Garage
  • Gazebo
LISTING CLOSED: 04/24/2017 12:00 AM

Property Details for 3980 State Highway 7

StatusClosed
MLS #OD108920
Days on Market121
Taxes$10,323 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Multi Family
Year Built1850
Lot Size12.00 AC / 522,720 SF
CountyOtsego County

Location

Listing Courtesy of Keller Williams Upstate NY Properties

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Building Information for 3980 State Highway 7

Stories-Residences-Year Built1850Building Size-Lot Size12.00 AC / 522,720 SF

Payment Calculator

$3,412 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,551

Property Taxes

$860

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3980 State Highway 7

Summary
Location and General Information
  • Directions: I88 off Exit 12 or Exit 13 on State Hwy 205/23. State Hwy 7. From Exit 12 headed East 5 miles on the right. From State Hwy 205 2 miles property on your left.
  • Latitude: 42.423355
  • Longitude: -75.138084
  • MLS Area Major: Otego-364889
  • Township: Otego-Village
Taxes and HOA
  • Parcel Number: 308.00-1-32.01
  • Tax Annual Amount: $10,323.00
  • Tax Assessed Value: 564200
School Information
  • Elementary School District: Unatego
  • High School District: Unatego
  • Middle Or Junior School District: Unatego
Parking
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Has Garage: Yes
  • Parking Features: Detached, Garage
Property
Lot Information
  • Lot Size Acres: 12.0
  • Lot Size Area: 12.0
  • Lot Size Units: Acres
  • Lot Size Square Feet: 522720.0
Property and Assessments
  • Building Area Total: 9400.0
  • Living Area: 9400.0
  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Year Built: 1850
Building Features
  • Construction Materials: Frame, Other, See Remarks, Vinyl Siding, Wood Siding
  • Foundation Details: Stone
  • Other Structures: Barns, Outbuilding
Utilities
  • Sewer: Septic Tank
  • Utilities: High Speed Internet Available
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater
  • Basement: Partial
  • Has Basement: Yes
  • Bathrooms Full: 9
  • Bathrooms Total Integer: 9
  • Bedrooms Total: 14
  • Fireplaces Total: 4
  • Has Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile, Varies
  • Heating: Electric, Oil, Forced Air, Stove
  • Has Heating: Yes
  • Interior Features: Ceiling Fans, Cathedral Ceilings, Skylights
  • Window Features: Skylights
Exterior Features
  • Exterior Features: Deck, Patio
  • Patio And Porch Features: Deck, Open, Patio, Porch
  • Roof: Asphalt, Membrane, Rubber, Shingle
Multi Family
Income & Expenses
  • Gross Income: $67,860
  • Operating Expense: $15,303.00

Property History for 3980 State Highway 7

DateEvent & SourcePriceAppreciation
Oct 6, 2024

Expired

New York State Alliance of MLSs (Buffalo) #R1519994

$850,000
Feb 6, 2024

Listed (Active)

New York State Alliance of MLSs (Buffalo) #R1519994

$850,000
Dec 31, 2023

Expired

New York State Alliance of MLSs (Buffalo) #R1464428

$850,000
DateEvent & SourcePrice
10/06/2024

Expired

New York State Alliance of MLSs (Buffalo) #R1519994

$850,000
02/06/2024

Listed (Active)

New York State Alliance of MLSs (Buffalo) #R1519994

$850,000
12/31/2023

Expired

New York State Alliance of MLSs (Buffalo) #R1464428

$850,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3980 State Highway 7

Taxable ValueLand$29,500Additions$206,500Total$236,000
Tax Record2025$10,981 ($915 / month)
Home Facts
Total Finished SqFt4,127 SqFtAbove Grade Finished SqFt4,127 SqFtUnfinished Basement SqFt1,700 SqFtStories2Lot Size31,799 SqFtStyleMulti-Family Res (5+ Units)Year Built1950Year Renovated1980ZoningR1CountyOTSEGOAPN364889 308.00-1-32.04

Schools near 3980 State Highway 7

This home is within Unatego Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Unadilla Elementary School
PublicPK to 5

Unatego Middle School
Public6 to 8

Unatego Junior Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Compass and its related brokerages shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.