CCertihomes
0 Hammond Hill Road, East Otto, NY 14729

$289,000

0 beds 0 baths 0 days on marketActive

About this home

This property is a great mix of farmland and forest, creating ideal habitat for deer and turkey whose signs are abundant here. There is about 25-30 acres currently in corn. The farming is leased to a local farmer and the property benefits from the agricultural exemption for this area on the property taxes. The balance of the property is in forest that is being managed for timber production and is enrolled in the NYS tax law 480-a program. Enrollment here provides a significant tax break on the forested area in exchange for doing the proper forest management, which is evident when you walk the woods. The forest is comprised of hard maple, soft maple, cherry, ash, beech, basswood, hickory, hemlock and more. The property also benefits from having 2 gas wells on it. Both are active and paying a limited royalty. More importantly, the landowner has the opportunity to tie into free gas in coordination with the gas producer. There are multiple building site opportunities on the corn field allowing you to take in the views from various directions and viewpoints. The managed forest is a haven for wildlife with deer trails, rubs, scrapes and turkey scratchings found throughout. Various spring seeps and gully drainages supply the water necessary and the abundance of food from the corn field, apple trees, seedlings and nut producing trees tends to hold the game here.

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
$323,742/mo

Real estate (PITI + HOA + PMI)
$61,447
Principal + interest$1,854
Property tax + insurance$59,485
PMI / 2nd mortgage$108
Utilities
$524,629
Heating + cooling$262,168
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$127
$323,742/mo TLC
Budget$324,242/mo
Remaining after TLC$500/mo
Purchase price
$289,000
Down payment
$14,450 (5%)
Loan amount
$274,550
APR
7.15%

Quick facts

Type
Agriculture
Style
Year built
Lot size
81.74 ac
Stories
0
Heating
Cooling
Water
None
HOA
Annual tax
$2,860
MLS #
R1600731
County
Cattaraugus

Home features

Exterior
GravelDriveway
Sewer
None

Lot features

IrregularLot, RuralLot, Wooded, GentleSloping, Level, RollingSlope

Neighborhood — 14729

MetricThis ZIPCountyUSA
Population1,28719,351,094299,088,112
Population Change Since19907.00%8.00%20.00%
Population Density36395
Male6539,381,926147,432,321
Female6349,969,168151,655,844
Never Married2484,946,39163,775,926
Married6187,166,701123,120,365
Separated371,159,67312,639,686
Widowed731,110,24515,467,586
Divorced951,210,44823,075,029
Number Of House Hold4897,102,016111,826,380
Average House Hold Size2.632.642.60
Medial Age41.6236.5335.46
Median House Hold Income$40,892$49,847$48,276
Average House Hold Income$51,872$70,032$63,629
P C I$19,797$26,569$24,529
M D I$35,428$42,210$41,133
A T H E$44,839$54,185$50,898
S T R8.00%4.00%
W C J79.34%81.55%77.74%
(Zip) Code
14729

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

Map & walkability

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Listing information last refreshed 4/19/2025. Provided courtesy of Timberland Realty via Buffalo MLS. Information deemed reliable but not guaranteed.