CCertihomes
118 Miller Street, Sherman, NY 14781

$125,000

5 beds 2 baths 2,070 sqft Built 190083 days on marketActive

About this home

Nice two-unit home located near all that downtown Sherman has to offer, including many restaurants and shops. The Minerva Free Library is right next door and Sherman Central School is located right behind the home. Both apartments are currently rented, so it's a great opportunity to scoop this home up and use it as an investment property OR live in one unit and let the income from the other help pay your mortgage. The downstairs apartment is currently rented for $700 (utilities NOT included) and is very spacious. It is currently set up as 3 bedrooms, although one of the bedrooms could function as a formal dining room if you wanted additional dining space outside of the eat-in kitchen. The extra large bathroom also doubles as the laundry room and has a stackable washer and dryer. There is also a "bonus space" which is currently used as an office-type space. The upstairs unit is currently rented for $500 (utilities NOT included) and has two bedrooms and an extra large bathroom, which also has in-unit laundry and a newer hot water tank. The blacktop driveway offers parking for 2 or more vehicles. Other recent updates include: new flooring (downstairs), a new combination boiler/on-demand hot water system for the first floor unit, water softener for first floor unit, two new sump pumps including a Sump Jet water powered back-up system, updated electric, spray foam insulation around some of the exposed interior foundation, and newer appliances, which are all included. Along with having access to all that Sherman has to offer, this home is within 15 miles of many other wonderful attractions in Chautauqua County, including Peek 'n Peak Resort (~12 miles), Chautauqua Institution (~10 miles), Panama Rocks (~11 miles), Lake Erie Speedway (~14 miles), Wineries in Westfield (~13 miles), and so many others!

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.

Your estimated payment
$2,059/mo

Real estate (PITI + HOA + PMI)
$1,277
Principal + interest$802
Property tax + insurance$428
PMI / 2nd mortgage$47
Utilities
$1,420
Heating + cooling$533
Internet + TV + phone$188
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$188
$2,059/mo TLC
Budget$5,000/mo
Remaining after TLC$2,941/mo
Purchase price
$125,000
Down payment
$6,250 (5%)
Loan amount
$118,750
APR
7.15%

Quick facts

Type
MultiFamily
Style
Duplex
Year built
1900
Lot size
0.1515 ac
Stories
0
Heating
Gas, Other, SeeRemarks, HotWater, WallFurnace
Cooling
Other, SeeRemarks
Water
Connected, Public
HOA
Annual tax
$2,749
MLS #
R1590917
County
Chautauqua

At a glance

Basement

Home features

Appliances
GasWaterHeaterWaterSoftenerOwned
Interior
CeilingFans
Parking
PavedTwoOrMoreSpaces
Flooring
Carpet, Laminate, Other, SeeRemarks, Varies, Vinyl
Sewer
Connected

Lot features

Rectangular, RectangularLot, ResidentialLot

Schools

Elementary
Sherman Elementary
Middle
Other - See Remarks
High
Sherman High

Neighborhood — 14781

MetricThis ZIPCountyUSA
Population2,87519,351,094299,088,112
Population Change Since1990-4.00%8.00%20.00%
Population Density42395
Male1,4519,381,926147,432,321
Female1,4239,969,168151,655,844
Never Married4974,946,39163,775,926
Married1,3657,166,701123,120,365
Separated571,159,67312,639,686
Widowed1331,110,24515,467,586
Divorced2191,210,44823,075,029
Number Of House Hold1,0167,102,016111,826,380
Average House Hold Size2.822.642.60
Medial Age37.0936.5335.46
Median House Hold Income$40,661$49,847$48,276
Average House Hold Income$46,365$70,032$63,629
P C I$16,386$26,569$24,529
M D I$35,420$42,210$41,133
A T H E$41,619$54,185$50,898
S T R8.00%4.00%
W C J81.37%81.55%77.74%
(Zip) Code
14781

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 3/2/2025. Provided courtesy of PropertyMatch USA, LLC via Buffalo MLS. Information deemed reliable but not guaranteed.