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$89,900   Price Analysis
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5198 State Highway 12
Norwich, NY 13815
4 bed 1 bath 2,400 SqFt ($37/SqFt)
2.22 acre lot. Built 1843
Listed 2024-05-16, Taxes $4,057
USDA Eligible
near Norwich, NY
 Restrictions may apply
due to home size

Charming c.1843 Farmhouse and Expansive Dairy Barn with Business Income Potential Nestled along a bustling commercial road on 2.2 acres.

This historic farmhouse and picturesque dairy barn offer a remarkable opportunity to restore a piece of the past while unlocking substantial business income potential. Dating back to circa 1843, the farmhouse exudes a sense of another time, while the sprawling dairy barn presents unlimited possibilities for creative development. Convnient location and a blend of vintage allure and commercial possibilities. While the home is in need of renovation it does offer open rooms with ample natural light, providing an ideal canvas for renovation and modernization.

The barn's generous layout and soaring ceilings create a versatile space that can be adapted for various business ventures. The rustic aesthetic of the barn lends itself well to events, workshops, retail or even an artist's studio. The property is being sold as-is and in need of renovation, allowing you reimagine the farmhouse and barn. Located in area where local contractors are familiar with restoring these homes and can offer several approaches to achieving the desired result.


Presented by Elizabeth Crum at
New York Trophy Properties.
Listing Agent Photo

Property MLS #R1522321 from NYStateAlliance

Bedrooms: 4

Total Rooms: 7
Basement Description: Full

Total Bathrooms: 1
1/2 Bathrooms: 1
Bathrooms On Main Level: 1

Flooring: Hardwood, Varies

DirtDriveway
Road Frontage Type: MainThoroughfare

Lot Size Acres: 2.22
Lot Size Dimensions: 410X225
Lot Size Square Feet: 96703

Garage Spaces: 2
Garage Description: Detached
Parking Features: Detached

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: Norwich
High School District: Norwich
Middle or Junior School District: Norwich

Norwich High School is a public high school located approximately 3.1 miles away.
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Stanford J Gibson Primary School is a public elementary school located approximately 3.9 miles away.
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Norwich Middle School is a public elementary and middle school located approximately 3.1 miles away.
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Holy Family School is a private elementary school located approximately 3.6 miles away.
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Annual Tax Amount: 2817
Source Listing Status: Active
County: Chenango
Cross Street: Grotsinger
Directions: From the Norwich Walmart, head south on NY 12, property ~1 mile south on east side of road.
Source Property Type: Residential
Area: Norwich-Town-084200
Source Neighborhood: Joseph J & Thomas Facchin
Parcel Number: 084200-160-000-0001-010-220-0000
Postal City: Norwich
Subdivision: Joseph J & Thomas Facchin
Property Subtype: SingleFamilyResidence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$46,200 + $4,800
$51,000
$4,057
2022$46,200 + $4,800
$51,000
$4,017
2021$46,200 + $4,800
$51,000
$3,927
2020$46,200 + $4,800
$51,000
$3,871
2017$46,200 + $4,800
$51,000
$3,502
2016$46,200 + $4,800
$51,000
$3,421
2015$46,200 + $4,800
$51,000
$3,366
2014$46,200 + $4,800
$51,000
$2,811
2014$46,200 + $4,800
$51,000
$3,247
2013$46,200 + $4,800
$51,000
$2,691
2012$46,200 + $4,800
$51,000
$2,669
2011$46,200 + $4,800
$51,000
$2,649
2010$46,200 + $4,800
$51,000
$2,596
2009$46,200 + $4,800
$51,000
$2,625

Price Changed 2024-06-08
$89,900
NYStateAlliance
Listed 2024-05-16
$148,900
NYStateAlliance
Listing removed 2024-02-15
$185,500
OtsegoDelaware
Price Changed 2023-10-06
$185,500
OtsegoDelaware
Listed 2023-08-21
$285,500
OtsegoDelaware
Listing removed 2023-06-27
$0
OtsegoDelaware
Listed 2023-05-12
$280,000
OtsegoDelaware
Listing removed 2021-04-14
$0
GreaterBinghamton
Price Changed 2020-10-27
$55,000
GreaterBinghamton
Listed 2020-09-30
$62,000
GreaterBinghamton
Sold 2020-06-04
$15,000
MohawkValley
Relisted 2020-05-08
$25,000
Syracuse
Listing removed 2020-05-07
$25,000
Syracuse
Listed 2020-04-30
$25,000
Syracuse
Sold 2005-09-09
$127,500
Public Record
Sold 1996-12-31
$85,000
Public Record

Total Square Feet Living: 2400
Year Built: 1843
Building Area Source: Appraiser
Building Area Total: 2400
Construction Materials: WoodSiding
Foundation Details: Stone
Levels: Two
Property Age: 181
Property Condition: Resale, Fixer
Levels or Stories: 2
Building Total Stories: 2
Year Built Details: Existing
Architectural Style: Colonial, Farmhouse, HistoricAntique, TwoStory, Traditional

Sewer: SepticTank
Water Source: Well
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.