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0 E Lake Rd
Cazenovia, NY 13035
$835,000
Conventional
Property
Bedroom
2
Bathroom
--
Property Type
Conventional
Square ft
900 Square Feet
Property Description
Nestled in the gently rolling hills above Cazenovia, this beautiful small farm features tillable land, pasture, timber, a small stream, multiple ag buildings, a former retail store as well as a farmhouse. The fields lie flat and offer both tillable and pasture easily accessible behind the barns. The former retail store offers multiple potential opportunities for commercial retail business, commercial kitchen, office, studio and/or with ample space for possible conversion to a year round home. This building currently has a commercial-style kitchen, large open area most recently used as a living room and three 10'x10' separate rooms on the main floor and a full bath downstairs. The walk-out basement, with utilities, concrete double sink, concrete floors and open areas provide additional room for work areas, storage or living space. This building features a radiant heating system using propane. A picturesque traditional, gambrel roofed, 2-story barn, has been well maintained and most recently used for processing honey produced on the farm, provides opportunities for raising livestock, horses, storage or additional work areas.. There is an extensive solar panel system in place which provides electrical service to the ag buildings as well as the former retail building. In addition, there are multiple additional equipment and storage barns, including a historic granary building dating back to the 1700s. There is a two-story farmhouse, recently gutted in the process of a full remodel, upon completion of its current design could offer 2 bedrooms and 1 bath, and could be a residential home for the new owner or potential rental income for the farm as well. The farmhouse includes the newly purchased stainless steel Frigidaire kitchen appliances including a 5 burner gas stove, dishwasher, microwave as well as the kitchen cabinets and countertops. It also has a new new 100 amp service entrance, a newer propane forced air furnace as well as some wiring already completed. The ag fields are currently leased on a year to year basis which could offer an option for continuing income potential from local farmers or convert to your own farm operation. There is a substantial woodlot of over 70 acres of mixed soft and hardwoods, primarily including oak and maple, offering future timber income potential. Former logging roads that can accommodate a side-by-side provides access through this diverse habitat for whitetail deer, turkey and other area wildlife and provides really nice hunting opportunities. With wild apple trees adding to the cover habitat, this wooded part of the property features rolling topography, with some more open areas ideal for food plot development, and which creates attractive food, cover and travel routes for deer and turkey. .Amenities are close-by in Chittenango within 1.5 miles and Cazenovia in 7 miles. Commuting is easy for work, shopping, additional restaurants and entertainment with Manlius within 5.5 miles, Fayetteville in 7 and Syracuse in only 15 miles. This property is under a Conservation Easement which has certain building restrictions and is located in the Chittenango School District. *Subject to approval of subdivision.
Property Information
Lot Size
117 acre(s) square ft
Property Type
Residential-Farm
Year Built
--
MLS Number
--
Location
Address
0 E Lake Rd
City
Cazenovia
State
NY
Zip Code
13035
County
MADISON
Listing
Provider
WHITETAIL PROPERTIES REAL ESTATE LLC (NY), original listing
Name
Phone
(217) 285-9000
Office Name
Office Phone
(217) 285-9000
Agent Name
John Myers
Agency Phone
(217) 285-9000

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.