Sold
Last Sold Price
3 beds1,179 sqft$212/sqft
506 Island Rd, Palermo, NY 13069
Single FamilyProperty Type
48 acresLot Size
1900Year Built
$212/sq ftPrice per sq ft
4 carsParking Spaces

Description

Best and final 10am 4/22. Well maintained farmhouse on 48 acres that has been loved by the same family for over 40 years. Enclosed front porch that leads to the cozy living room, first floor bedroom and wood stove. Off the living room is the eat-in kitchen and first floor laundry area. Upstairs you have the two other bedrooms with ample closet space. Enter the private backyard to the deck from the kitchen. Raised garden beds and fruit trees including 4 apple trees, 2 cherry trees, a peach tree, 2...Best and final 10am 4/22. Well maintained farmhouse on 48 acres that has been loved by the same family for over 40 years. Enclosed front porch that leads to the cozy living room, first floor bedroom and wood stove. Off the living room is the eat-in kitchen and first floor laundry area. Upstairs you have the two other bedrooms with ample closet space. Enter the private backyard to the deck from the kitchen. Raised garden beds and fruit trees including 4 apple trees, 2 cherry trees, a peach tree, 2 blueberry bushes, raspberry, blackberry beds, strawberries and asparagus. Two detached garages and 3 sheds on the property. One garage has a separate workshop area with a wood stove, electric and water available. The second garage to the right of the house has electric and two garage doors. Six security cameras on the property. 4 Wheeler and hiking/logging trails throughout the property including Pine and Hemlock trees.
  • Listed by: Jeanine Volpe 315.701.6900 agentvolpe@gmail.com • Keller Williams Syracuse
Listing closed: 07/07/2023 12:00 AM • Source: WNYREIS, MLS#: S1464990

Recent comparable sales

Median sold price

$215,000

Avg days on market

12

Sale-to-list ratio

102.3%

Palermo, NY

9 comparable properties found

$242,250 | 1863 County Rte 45, Palermo, NY 13069
1/2
1

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Sold 08/14/25

3
Bedrooms
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Square Feet
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Acres
$215,000 | 199 Gristwood Road, Palermo, NY 13069
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2

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Sold 01/23/26

3
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Square Feet
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Acres
$80,000 | 1345 County Rte 4, Palermo, NY 13036
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$176,500 | 4219 Highway 3, Palermo, NY 13069
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Acres
$225,000 | 42 Leo J Bidwell Avenue, Palermo, NY 13135
1/2
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Sold 08/18/26

2
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$210,000 | 179 County Rte 35, Palermo, NY 13069
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3
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Square Feet
6.56
Acres
$175,000 | 1534 Highway 264, Palermo, NY 13135
1/2
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Sold 10/08/24

2
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Square Feet
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Acres
$295,000 | 2 Highway 3, Palermo, ME 04354
1/38
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Acres
$265,000 | 1410 County Rte 54, Palermo, NY 13036
1/2
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Sold 03/07/25

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Square Feet
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Acres

Location

Listing Courtesy of Keller Williams Syracuse

Sold By Gregory Estates LLC

Add your commute

Payment Calculator

$1,505 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,271

Property Taxes

$235

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 506 Island Road

Property Details
  • Taxes: $2,814 / year
  • MLS Type: Residential / Single Family Residence
  • Subdivision Comm Complex: Henderson Tr
  • Styles Of Residence: Farmhouse, Historic Antique
  • On Waterfront: No
  • Parking Description: Detached, Electricity, Garage, Heated Garage, Storage, Workshop In Garage, Water Available
  • Nearest Cross Street: County Route 45
Building Information
  • Stories: 1
  • Year Built: 1900
  • Lot Size: 48.00 AC / 2,090,880 SF
Summary
Location and General Information
  • Elementary School District: Mexico Academy and Central
  • High School District: Mexico Academy and Central
  • Middle Or Junior School District: Mexico Academy and Central
  • Village: Not Applicable
  • Human YN: No
Parking
  • Attached Garage YN: No
  • Garage Spaces per Apt: 4.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Palermo-354400
  • Tax Annual Amount: $2,814.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 1179.0
  • Land Features: Rural Lot
  • Num Of Acres: 48.0
  • Lot Size Area: 48.0
  • Lot Size Square Feet: 2090880.0
  • Lot Size Units: Acres
  • Parcel Number: 354400-222-000-0003-004-100-0000
  • Lot Number: 4
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $105,000
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Sewer Description: Septic Tank
  • Utilities Available: Cable Available
  • Water Supply: Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Exterior Features: Dirt Driveway, Deck, Gravel Driveway
  • Foundation Description: Stone
  • Other Structures: Barns, Outbuilding, Sheds, Storage
  • Patio And Porch Features: Deck, Enclosed, Porch
  • Roof Description: Metal
  • Security Features: Security System Owned
Interior Features
  • Appliances: Exhaust Fan, Gas Cooktop, Microwave, Propane Water Heater, Refrigerator, Range Hood
  • Basement Description: Exterior Entry, Partial, Walk Up Access
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 3
  • HVAC Type: Wall Units
  • Cooling YN: Yes
  • Num Fireplaces Total Calculated: 2
  • Fireplace YN: Yes
  • Floor Description: Carpet, Tile, Varies, Vinyl
  • Heating: Oil, Forced Air
  • Heating YN: Yes
  • Interior Features: Ceiling Fans, Den, Entrance Foyer, Eat In Kitchen, Separate Formal Living Room, Natural Woodwork, Bedroom On Main Level, Workshop
  • Laundry Features: Main Level
  • Sq Ft Total: 1179.0
  • Main Level Bathrooms: 1
  • Num Bedrooms 1 St Floor: 1
  • Num Of Rooms: 6
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
  • Stories Total: 1

Property History for 506 Island Road

DateEvent & SourcePriceAppreciation
Jul 7, 2023

Sold

Central New York Information Services #S1464990

$250,000
Jul 7, 2023

Sold

New York State Alliance of MLSs (Buffalo) #S1464990

$250,000
Jul 7, 2023

Sold

WNYREIS #S1464990

$250,000
DateEvent & SourcePrice
07/07/2023

Sold

Central New York Information Services #S1464990

$250,000
07/07/2023

Sold

New York State Alliance of MLSs (Buffalo) #S1464990

$250,000
07/07/2023

Sold

WNYREIS #S1464990

$250,000

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

Public Records for 506 Island Road

Taxable ValueLand$48,000Additions$57,000Total$105,000
Tax Record2025$3,494 ($291 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,179 SqFtAbove Grade Finished SqFt1,179 SqFtStories2Lot Size2,090,880 SqFtStyleMiscellaneous ResidentialYear Built1900Year Renovated1940Zoning01 - NOT ZONECountyOSWEGOAPN354400 222.00-03-04.1

Schools near 506 Island Road

This home is within Mexico Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
Palermo Elementary School
PublicPK to 4

Mexico Middle School
Public5 to 8

Mexico High School
Public9 to 12

Mexico Elementary School
PublicPK to 4

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 506 Island Road, Palermo, NY 13069
$250,000
3
1,179
2,090,880
$105,000
3,179,009
3
1
1,305
43,560
$24,000
436,471
$95,000
2
1,248
43,560
$8,600
840
43,559

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Syracuse

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.