$250,000
About this home
Spring Water Complex Looking for an entrepreneurial opportunity? A 5.44-acre spring water complex built in 1889, which at one time served as the municipal water supply for the town of Otego, is available for purchase. All old infrastructure is in place, including in-ground concrete reservoirs built during an improvement project in 1900 and piping leading from the springs to the reservoirs. The spring was abandoned in 1930 due to increased demand from development in the town. At one time the estimated water production was over 200, 000 gallons per week. The opportunity to restore the complex still exists, and in fact the production potential can be increased by applying modern technologies. A right of way will be granted across the sellers adjoining land. Seller will consider financing with 50% down for a maximum of 10 years or 3 years from when the buyer begins producing spring water, whichever is sooner. The west branch of Otsdawa Creek runs through the property.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.
- Real estate (PITI + HOA + PMI)
- $2,108
- Utilities
- $2,121
- Transportation
- $0
- Other (entertainment)
- $133
Quick facts
At a glance
Home features
Lot features
Other, SeeRemarks, Cleared
Neighborhood — 13825
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 3,602 | 19,351,094 | 299,088,112 |
| Population Change Since1990 | 0.00% | 8.00% | 20.00% |
| Population Density | 60 | 395 | — |
| Male | 1,736 | 9,381,926 | 147,432,321 |
| Female | 1,866 | 9,969,168 | 151,655,844 |
| Never Married | 624 | 4,946,391 | 63,775,926 |
| Married | 1,683 | 7,166,701 | 123,120,365 |
| Separated | 178 | 1,159,673 | 12,639,686 |
| Widowed | 208 | 1,110,245 | 15,467,586 |
| Divorced | 285 | 1,210,448 | 23,075,029 |
| Number Of House Hold | 1,339 | 7,102,016 | 111,826,380 |
| Average House Hold Size | 2.64 | 2.64 | 2.60 |
| Medial Age | 39.84 | 36.53 | 35.46 |
| Median House Hold Income | $38,536 | $49,847 | $48,276 |
| Average House Hold Income | $45,604 | $70,032 | $63,629 |
| P C I | $17,280 | $26,569 | $24,529 |
| M D I | $33,919 | $42,210 | $41,133 |
| A T H E | $41,155 | $54,185 | $50,898 |
| S T R | 8.00% | 4.00% | — |
| W C J | 79.68% | 81.55% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Listing information last refreshed 9/26/2024. Provided courtesy of EXIT Realty Homeward Bound via Buffalo MLS. Information deemed reliable but not guaranteed.