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Otsego 13326
162 Peggs Bay Road
$535,000
Land - For Sale

162 Peggs Bay Road

Middlefield, NY 13326
bedrooms
Studio
bathrooms
0 Bath
$3,060
Estimated Monthly
$0
HOA / Fees
3.14%
Cap Rate

About This Property

Unparalleled property on upstate New York's Otsego Lake. Clear waters & spectacular views with 4,000+ acres of shoreline (only 50% available for residential repurchase & development) serves as the Susquehanna River's headwaters. Charming historic Cooperstown lies at the lake's southern end, which is home to the National Baseball Hall of Fame, Otesaga Hotel, Fenimore Art Museum, Farmers' Museum & Glimmerglass Opera, serving as a mecca for cultural attractions, fine dining & outdoor recreation. Nestled in Peggs Bay on the Lake's NE shore, this premier undeveloped ¾ acre rectangular lot is the last property of its kind on the lake. 100' of unobstructed shoreline, the property has a grandfathered building/zoning status allowing for custom construction & favorable site development options. This incredible property offers limitless options to capitalize on its natural beauty, topography, lush tree coverage, perfect balance of sun & shade, & breathtaking western sunset views. Whether envisioning a private retreat or family vacation home, this is a perfect blank canvas for creating a lakeside oasis. Make your lakefront living dreams a reality in this iconic upstate NY location.
Unit Size
-
Days on Market
55 days
Land Size
0.75 acres
Price per sqft
-
Property Type
Land
Property Taxes
$433
HOA Dues
-
Year Built
1958

Listed By

Stacey Frazier
Keller Williams Upstate NY Properties
Last updated: 2 months ago (NYSAMLS #R1525850)

Price History

Date / Event Date Event Price
Mar 20, 2024 Listed by Keller Williams Upstate New York Properties $535,000
Listed by Keller Williams Upstate New York Properties
Unparalleled property on upstate New York's Otsego Lake. Clear waters & spectacular views with 4,000+ acres of shoreline (only 50% available for residential repurchase & development) serves as the Susquehanna River's headwaters. Charming historic Cooperstown lies at the lake's southern end, which is home to the National Baseball Hall of Fame, Otesaga Hotel, Fenimore Art Museum, Farmers' Museum & Glimmerglass Opera, serving as a mecca for cultural attractions, fine dining…
Nov 1, 2023 No longer available -
No longer available
Jul 28, 2023 Listed by Keller Williams Upstate New York Properties $535,000
Listed by Keller Williams Upstate New York Properties
Introducing an unparalleled piece of paradise on upstate New York's Otsego Lake. Crystal-clear waters & spectacular views with 4,000+ acres of pristine shoreline at the headwaters to the great Susquehanna River. At the lake's southern end lies the charming historic village of Cooperstown, home to the National Baseball Hall of Fame, Otesaga Hotel, Fenimore Art Museum, Farmers' Museum & Glimmerglass Opera, serving as a mecca for cultural attractions, fine dining & outdoor…
Feb 22, 2005 Sold to Ruston M Cembrinski $304,000
Sold to Ruston M Cembrinski

Property Highlights

With View
Parking Details
Parking Features: No Driveway
Exterior Details

Property Information

Road Frontage Type: CountyRoad, TownRoad
Frontage Length: 100

Building Information

Other Structures: Other, See Remarks

Lot Information

Rectangular, ResidentialLot, Secluded, GentleSloping, LakeFront, Level, SteepSlope, Wooded
Lot Size Dimensions: 96X372
Lot Size Acres: 0.75
Lot Size Square Feet: 32670

Land Information

Land Assessed Value: $0

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 2
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: D-
  • Building Style: Cottage
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 488
  • Building Area: 488
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 488
  • Heating Fuel Type: None

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Land Acres: 0.75
  • Standard Land Use Code: Seasonal, cabin, vacation residence
  • Legal Description 1: 994 0 0

Ownership

  • Current Owner : CEMBRINSKI RUSTON M
  • Previous Owner : TRUST NORRIS DAVID M

Neighborhood

  • School District Name: Cooperstown Central School District
  • School Tax School District: COOPERSTOWN
  • Census Tract: 590202

Geography

  • Account Number: 042060
  • District: 363889
  • Section: 70.14
  • Parcel: 363889 70.14-1-15.00
  • Block: 1
  • Lot: 15.000
  • Municipality: MIDDLEFIELD (TOV)
  • Latitude: 42.7733
  • Longitude: -74.8808

    Address

  • Full Address: 162 Peggs Bay
  • Address - House Number: 162
  • Address - Street Name: Peggs Bay
  • State: NY
  • City Name: Cooperstown
  • Zip Code: 13326

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 365001

    Appraisal Valuation

  • Standard Deviation: 0.2702
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 522,580
  • High Value: 663,801
  • Low Value: 381,360

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: ABN AMRO MORTGAGE GROUP INC
  • First Open Lien Mortgage Recording Date: Mar 11, 2005
  • First Open Lien Mortgage Loan Amount: $180,000
  • First Open Lien Mortgage Term: 273
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2028

    Market Valuation

  • Market Total Value: $337,907
  • Market Land Value: $303,602
  • Market Improvement Value: $34,305

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $197,000
  • Assessed Land Value: $177,000
  • Assessed Improvements Value: $20,000

    Sales

  • Current Sale Contract Date: Feb 22, 2005
  • Current Sale Recording Date: Feb 22, 2005
  • Current Sale Transaction ID: 11450300012
  • Current Sale Price: $304,000
  • Current Sale Document Type: Deed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Otsego


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Frequently Asked Questions

When was property at 162 Peggs Bay Road built and last sold?
The property at 162 Peggs Bay Road was built in 1958 and last sold on Feb 22, 2005 for $304,000.
How much is this home worth?
The estimated value of the home located at 162 Peggs Bay Road is $540,350.
What are some comparable homes to 162 Peggs Bay Road?
There are currently no comparable homes to 162 Peggs Bay Road.

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