This well-maintained farmhouse and outbuildings, set on a picturesque 49.43 acre parcel with open fields and the Ouleout Creek meandering through, provide an ideal template for those looking to homestead, raise cattle or set up a niche farm operation, develop further as an investment or agro-tourism destination, or simply enjoy country living in this invigorating setting. The house itself features a spacious living room with Jotul woodstove, 1st floor bedroom suite, and tons of character with a unique split-level layout, naturally lit spaces, and updated electric service and tankless system for heating and hot water. Exterior amenities include a large patio, front and back porches, stepless front entry ramp from the 2 vehicle carport, private back yard area, large dairy barn, chicken coop, three stall barn/shop area, and round horse pen. The setting is to be admired, with delightful valley views from the back porch. The fields are leased through 2028 for several hay cuts per year, and the agricultural exemption results in a nearly 10k reduction in total property taxes. Located just moments away from Franklin, under 15 to Oneonta, and 2:45 to metro NY, this one has it all!