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8995 Reed Hill Road

8995 Reed Hill Road, East Otto, NY 14729
Property in East Otto
Local assessors in East Otto, NY have categorized 8995 Reed Hill Road as a commercial type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 5,627 square feet. The linear feet between the front and back of the lot was measured at 678 ft and the front of the lot was measured at 830 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. There is a finished improved basement that is 2,152 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 8995 Reed Hill Road was last sold in Aug 31, 2016 for $165,000. According to our calculations, that's $38.27 per sqft. Current property owners are expected to pay $1,394 in taxes per year. The property on 8995 Reed Hill Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $77,300. To break that down further, the land itself was valued at $2,500. While improvements to the property were assessed at a total of $74,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Quality: C
  • Floor Count: 2
  • Business/Commerical Units Count: 3
  • Basement Type: Finished improved basement
  • Basement Area: 2,152
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,627
  • Lot Size Depth Feet: 678
  • Lot Size Frontage Feet: 830
  • Total Building Area: 4,312
  • Gross Building Area: 4,312
  • Building Area: 4,312
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Commercial
  • Land Acres: 0.129
  • Standard Land Use Code: Commercial/office/residential (mixed use)
  • Legal Description 1: 36 05 07

Ownership

  • Current Owner : S & A APARTMENTS LLC
  • Previous Owner : KOCH WILLIAM C
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cattaraugus-Little Valley Central School District
  • School Tax School District: CATT-LITTLE VLY
  • Census Tract: 960300

Zoning

  • Zoning: B1

Geography

  • Account Number: 0093
  • District: 043200
  • Section: 27.16
  • Parcel: 043200 27.016-1-52.1
  • Block: 1
  • Lot: 52.001
  • Municipality: EAST OTTO
  • Latitude: 42.3897
  • Longitude: -78.7552

    Address

  • Full Address: 8995 Reed Hill Rd
  • Address - House Number: 8995
  • Address - Street Name: Reed Hill
  • Address - Suffix Type: Rd
  • State: NY
  • City Name: East Otto
  • Carrier Code: R801
  • 4-Digit Zip Code: 9634
  • Zip Code: 14729

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,394
  • Tax Rate Code Area: 046402

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,000
  • First Open Lien Mortgage Lender: WILLIAM C KOCH
  • First Open Lien Mortgage Recording Date: Aug 31, 2016
  • First Open Lien Mortgage Loan Amount: $160,000
  • First Open Lien Mortgage Term: 160
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2030

    Market Valuation

  • Market Total Value: $77,300
  • Market Land Value: $2,500
  • Market Improvement Value: $74,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $77,300
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $74,800

    Sales

  • Current Sale Contract Date: Aug 31, 2016
  • Current Sale Recording Date: Aug 31, 2016
  • Current Sale Transaction ID: 1765177950
  • Current Sale Price: $165,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WILLIAM C KOCH
  • First Mortgage Transaction Date: Aug 31, 2016
  • First Mortgage Loan Amount: $160,000
  • First Mortgage Terms: 160
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Jan 01, 2030

About Cattaraugus



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Frequently Asked Questions

What neighborhood is 8995 Reed Hill Road located in?
The 8995 Reed Hill Road is a located in the neighborhood of East Otto in Cattaraugus, East Otto.
What is the average sales price for listings in 8995 Reed Hill Road?
The average sales price for units in 8995 Reed Hill Road is $0 currently.

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