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284 E Spencer Rd Lot Wp001, Spencer, NY, 14883

5beds
3baths
1,500sqft
$459,900
$307price/sqft
$3,573/moest. monthly cost
$142,920/yrincome needed

About This Home

Tailor-made for equestrian pursuits, farming or a multi-use rural lifestyle, the 100+ acre property offers an impressive blend of infrastructure, income potential and natural beauty with pastures, creeks, woodlots and more.At the heart of the operation are two well-maintained barns, thoughtfully connected by a bright and spacious 33x110 indoor riding arena—ideal for year-round riding, training or simply staying active during the colder, wetter months. With the potential for up to 30 stalls, the facility is well-suited for personal use or as a potential boarding and training operation.Nearly 20 acres of fenced pasture provide ample room for horses or other stock to graze and roam, while additional acreage opens up the possibility for expansion, farming or recreation. The area is know for farming and great hunting, enhancing the overall value proposition.The main residence is a recently-built raised ranch situated above a two-car garage, offering a 2-bedroom, 1-bathroom open-concept living space bathed in natural light from sunrise to sunset. The kitchen features natural hickory cabinetry, stainless steel appliances, a tile floor and a spacious center island perfect for gatherings. The lower level is partially finished and presents an opportunity to expand the home's square footage. A recently-added wood stove warms the home and its residents while keeping a cozy feel.Adding further flexibility to the property is a 1995 double-wide home measuring 56x28, offering 3 bedrooms and 2 bathrooms with a large kitchen and ample living area. A newer roof has been installed, and with a few updates inside, this dwelling could serve well as a guest house, in-law suite, rental unit, or a second full-time residence!Beyond the barns and pastures, the land rises from the valley floor into a diverse mix of forested acreage—perfect for hunting, hiking, riding and exploring. A private trail system winds through stands of maple, oak, cherry, pine and hemlock, with multiple spots ideal for deer and turkey stands or quiet moments immersed in nature.To the east, 14 acres are enrolled in a WRP (Wetlands Reserve Program) designed to enhance waterfowl habitat with seasonal potholes and improved water retention. Meanwhile, the northern boundary is defined by the scenic Catatonk Creek, adding to the recreational and aesthetic appeal of this unique landscape.This is a rare opportunity to own a versatile farm with income-generating potential, modern housing and outstanding recreational amenities—all in one beautiful, spacious and flexible package.For more information contact us today. Showings by appointment only with at least 24 hours notice. Proof of funds required prior to scheduling.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Other

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Interior Area

  • Total structure area: 1,500
  • Total interior livable area: 1,500 sqft

Property

Features

  • Fencing: Fenced

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Drought
Inland Flooding
Lightning

FEMA Declared Disasters in Tioga County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,325$27,900
Home Insurance *$212$2,544
Property Taxes $789$9,468
Electricity $247$2,974
Total$3,573$42,876
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$122,502/yr
40% on housing$107,190/yr
45% on housing$95,280/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.6%
2.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -3.0%
-3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$307This listing

vs Other Active Listings

Avg $/sqft

ZIP 14883$159
Tioga County$103

vs Homes Sold Last Month

Median $/sqft

ZIP 14883$130
Tioga County$151

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-17Listed for sale$499,900
2023-04-20Listing removed--
2023-02-03Price change$439,900
2022-08-02Price change$459,900
2022-04-26Listed for sale$479,900

For Sale by Agent

AgentTimothy Kent
BrokerageWhitetail Properties

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