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189 Michigan Hollow Rd, Spencer, NY, 14883

1beds
6baths
5,974sqft
$189,000
$32price/sqft
$2,353/moest. monthly cost
$94,120/yrincome needed

About This Home

24 acres of opportunity in Spencer, NY. This one-of-a-kind property offers a rare combination of acreage, versatility, and potential. Set on 24 wooded acres with a stream running through the land, the property features a 5,000+ sq ft warehouse with living quarters, three single-wide structures, and a large barn full of character. All structures will require renovation and cleanup, but the layout and existing improvements create a compelling canvas for the right buyer. Whether you're an investor, contractor, entrepreneur, or simply someone with vision, this property offers flexibility that’s hard to find at this price point. With space for storage, workshop use, equipment, or a future compound-style setup, the possibilities here are wide open. The value lies in the land, the square footage, and the opportunity to reimagine the property to suit your needs.

Getting Around

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

Schools

Construction

Condition

  • Property condition: Resale
  • Year built: 1970

Materials

  • Foundation: Poured
  • Roof: Flat
  • Construction materials: Block,Concrete

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other,See Remarks
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Oven,Electric Range,Oil Water Heater,Refrigerator
  • Laundry features: Main Level

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 6
  • Full bathrooms: 1
  • 1/2 bathrooms: 5
  • Main level bathrooms: 6
  • Main level bedrooms: 1

Features

  • Entrance Foyer,Home Office,Living/Dining Room,Pantry,Bedroom on Main Level,Main Level Primary
  • Flooring: Carpet,Varies,Vinyl
  • Finished area below ground: 2,000

Heating

  • Heating features: Oil,Baseboard

Interior Area

  • Total structure area: 5,974
  • Total interior livable area: 5,974 sqft

Property

Details

  • Parcel number: 49348903500000020440000000
  • Special condition: Estate

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Gravel Driveway

Lot

  • Lot size: 24 Acres
  • Features: Irregular Lot,Wooded
  • Lot size dimensions: 480 x 2018

Parking

  • Total spaces: 3
  • Parking features: Attached,Electricity,Garage,Heated Garage,Storage,Workshop in Garage,Water Available
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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 $955$11,460
Home Insurance *$87$1,044
Property Taxes $324$3,888
Electricity $987$11,847
Total$2,353$28,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,674/yr
40% on housing$70,590/yr
45% on housing$62,746/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

$32This listing

vs Other Active Listings

Avg $/sqft

ZIP 14883$214
Tioga County$107

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)

No zestimate history available

Price History

DateEventPrice
2026-03-26Price change$227,000
2026-03-21Listed for sale$239,000
2026-03-13Contingent$239,000
2026-03-04Listed for sale$239,000

For Sale by Agent

AgentBethany Huey
BrokerageWarren Real Estate of Ithaca Inc. (Downtown)

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