CCertihomes
3 PEACEFUL LANE, Otto Twp, NY 16729

$110,000

4 beds 1 baths 1,237 sqft Built 19300 days on marketActive

About this home

This 1930s Bungalow features a low, horizontal profile with a steeply pitched roof situated on 5.78 acres. Bungalows are known for their low horizontal lines, making them appear grounded and integrated with their surroundings. The front and back dormers are windowed projections from the roof, adding living space and light to the upper level. This home’s prominent front porch is a common feature, providing a transition between the house and the outdoors. The mature trees located on the property provide shade to the wide front porch. The exterior details are simple and unadorned, with a focus on natural textures. Once inside an open floor plan maximizes space and provides light throughout. The fireplace adds charm and the potential for functionality. The kitchen is located at the rear of the home, overlooking the property. There is a natural progression between the dining and living rooms along with a sitting area. Upstairs are four bedrooms, a full bath and plenty of storage. Why save a downtrodden 1930s bungalow? Restoring a neglected bungalow offers a multitude of benefits, both for the individual homeowner and the community by preserving history and unique character. Bungalows represent a significant period in American architectural history. They focused on craftsmanship, natural materials, and a simpler aesthetic. Saving a bungalow preserves a tangible link to the past. Their restoration helps maintain the historic, architectural character of a neighborhood, contributing to its unique identity.

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
$4,316/mo

Real estate (PITI + HOA + PMI)
$989
Principal + interest$706
Property tax + insurance$242
PMI / 2nd mortgage$41
Utilities
$6,516
Heating + cooling$3,090
Internet + TV + phone$170
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$170
$4,316/mo TLC
Budget$5,000/mo
Remaining after TLC$684/mo
Purchase price
$110,000
Down payment
$5,500 (5%)
Loan amount
$104,500
APR
7.15%

Quick facts

Type
SingleFamilyResidence
Style
Bungalow
Year built
1930
Lot size
5.78 ac
Stories
2
Heating
Gas, Other, SeeRemarks
Cooling
Other, SeeRemarks
Water
Other, SeeRemarks
HOA
Annual tax
$1,102
MLS #
R1631361
County
McKean

At a glance

Basement
Garage (2)

Home features

Appliances
GasWaterHeater
Interior
OtherSeeRemarks
Exterior
DirtDriveway
Parking
DetachedGarage
Flooring
Other, SeeRemarks
Sewer
Other, SeeRemarks

Lot features

IrregularLot

Neighborhood — 16729

MetricThis ZIPCountyUSA
Population10812,469,371299,088,112
Population Change Since1990-11.00%5.00%20.00%
Population Density7276
Male536,055,244147,432,321
Female566,414,127151,655,844
Never Married182,751,48963,775,926
Married525,293,143123,120,365
Separated3507,93712,639,686
Widowed7821,94315,467,586
Divorced8820,43323,075,029
Number Of House Hold434,836,935111,826,380
Average House Hold Size2.512.482.60
Medial Age38.0638.5835.46
Median House Hold Income$36,666$45,389$48,276
Average House Hold Income$44,357$58,718$63,629
P C I$17,778$23,603$24,529
M D I$32,499$39,194$41,133
A T H E$40,313$48,250$50,898
S T R6.00%6.00%
W C J80.77%77.95%77.74%
(Zip) Code
16729

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

Map & walkability

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Listing information last refreshed 8/17/2025. Provided courtesy of Howard Hanna Professionals - Smethport via Buffalo MLS. Information deemed reliable but not guaranteed.