4983 State Highway 28, Cooperstown, NY, 13326
About This Home
INCOME-GENERATING INVESTMENT OPPORTUNITY - Prime Cooperstown Location on State Highway 28! Welcome to the Hope Mill property portfolio, a rare, fully operational, and highly successful investment opportunity in the heart of Cooperstown, NY. Set on approximately 5 scenic acres bordering picturesque Oaks Creek, this turnkey business includes three established and professionally managed rental homes, a heated in-ground saltwater pool, and an unmatched location between the Village of Cooperstown and Cooperstown Dreams Park. This rare multi-home compound consists of the historic stone Hope Mill House, the charming Hope Mill Cottage, and the spacious Hope Mill Ranch. Together, the properties are currently operating as highly successful short-term summer baseball rentals with strong demand and summer 2026 bookings already secured, generating over $140,000 in projected revenue. The established booking history and repeat rental demand highlight the strength and stability of this proven income-producing portfolio. In total, the three homes offer 10 bedrooms and 8.5 bathrooms, providing exceptional flexibility for large groups, tournament families, vacation rentals, and extended-stay guests. Each residence is thoughtfully positioned to offer privacy while still benefiting from shared access to the beautifully maintained grounds and resort-style heated saltwater pool. In addition to its strong summer performance, the property has a proven history of both short-term and long-term rentals, offering clear expansion potential for year-round income optimization. Opportunities exist to further increase revenue through extended seasonality, rate adjustments, and additional use strategies, making this a scalable hospitality investment. Ideally located just 3.2 miles from the Village of Cooperstown, the property provides convenient access to the National Baseball Hall of Fame, Bassett Medical Center, shopping, dining, breweries, and all local attractions. Cooperstown Dreams Park is only minutes away, making this one of the most desirable rental locations for baseball families and tournament visitors. The property also sits directly on the public bus line, offering easy transportation to both Cooperstown and Oneonta. Whether you are seeking a fully operational income-producing business, a rare multi-home compound investment, or a legacy property with strong upside potential, the opportunities here are exceptional. Schedule your private showing today!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Roof: Asphalt
- Construction materials: Post and Beam,Stone Siding,Vinyl Siding,Wood Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Refrigerator,Microwave,Oven,Washer,Water Heater
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 9
- Full bathrooms: 8
- 1/2 bathrooms: 1
Features
- Flooring: Hardwood,Laminate,Stone,Tile
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area above ground: 5,810
Heating & Cooling
- Heating features: Electric,Oil,Baseboard,Forced Air,Hot Water
- Cooling features: Central
Interior Area
- Total structure area: 5,810
- Total interior livable area: 5,810 sqft
Property
Details
- Parcel number: 146.00217.01
- Lease amount: 0
Features
- Stories: 2
- Pool features: Child Proof,Heated,In Ground,Salt Water
- Patio & porch: Patio,Open Porch,Deck
- Exterior features: Utilities
- Has view: Yes
- View description: Scenic,Street,Wooded
- On waterfront: Yes
- Waterfront features: Creek
- Waterbody name: Oaks Creek
- Frontage length: 0
Lot
- Lot size: 5 Acres
- Features: Pool,Trees,Near Bus
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
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
- Inland Flooding
- Cold Wave
- Winter Weather
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Otsego County and New York
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,584 | $91,008 |
| Home Insurance * | $475 | $5,700 |
| Property Taxes | $1,925 | $23,100 |
| Electricity | $960 | $11,521 |
| Total | $10,944 | $131,328 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-24 | Listed for sale | $1,500,000 |
| 2023-02-23 | Listing removed | -- |
| 2023-02-21 | Listed for sale | $2,200,000 |
| 2023-02-18 | Listing removed | -- |
| 2022-08-17 | Listed for sale | $2,200,000 |
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