2575 County Highway 22, Richfield Springs, NY, 13439
About This Home
Live in luxury and get paid for it! Imagine the quiet and serene lake-scape of Canandarago, with views from every window in this three unit income producer. Currently used as a two-unit short term rental on VRBO plus owner unit (live for free) this home is not only renovated and beautiful but an opportunity for a savvy buyer to offset living costs OR for an investor to rent all three units on closing day! Entering into the front foyer of the two bedroom owner's unit, you are greeted by the most charming sitting area complete with ample storage and reading nook! Ahead you will instantly see the beautiful lake views as the home opens into a large custom kitchen completely redone with thoughtful storage, work space and stainless appliances. It's an open concept kitchen that blends into a living area, dining area and outdoor space. Step through the sliding glass doors onto the large covered deck to relax and enjoy the lake! There is one full bath with laundry connected to the main bedroom and a second bedroom currently configured as an office with murphy bed. The two additional units will be fully furnished and both enjoy fantastic lake views, private outdoor space as well as their own kitchens and laundry units. Once you see this home, you won't want to leave! There is generous basement space for storing everything you need. The garage also has great storage along with space for your vehicles. The driveway has enough parking to accommodate your guests. The property has mature trees to shade from the sun and mature grape vines to enjoy! Currently this home is a successful VRBO listing with consistent bookings, great reviews and the potential for income over expenses, it's ready to start reservations the day it becomes yours. Within a mile of groceries, pharmacy, hardware, diners and a busy small town. Just 15 minutes to Cooperstown. Your summer will be filled with swimming, boating and fishing followed by apple picking, fall foliage and ice fishing very close by in the fall and winter. Cross country skiing nearby and down hill skiing in the Catskill and Adirondack Mountains both within an hour drive. This is your opportunity to own a piece of gorgeous Central NY!!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 2008
Materials
- Foundation: Poured
- Roof: Metal
- Construction materials: Frame,Vinyl Siding,PEX Plumbing
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Built-In Range,Built-In Oven,Double Oven,Dryer,Dishwasher,Electric Water Heater,Gas Cooktop,Refrigerator,Washer,Water Purifier Owned,Water Softener Owned
- Laundry features: In Basement,Main Level,Upper Level
Basement
- Has basement: Yes
- Basement: Finished,Partial
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Ceiling Fan(s),Country Kitchen,Kitchen Island,Kitchen/Family Room Combo,Living/Dining Room,Pantry,Sliding Glass Door(s),Solid Surface Counters
- Door features: Sliding Doors
- Window features: Thermal Windows
- Flooring: Hardwood,Luxury Vinyl,Tile,Varies
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 900
Heating & Cooling
- Heating features: Ductless,Electric,Heat Pump,Baseboard
- Cooling features: Ductless,Heat Pump,Window Unit(s)
Interior Area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Details
- Parcel number: 36568902501300010150000000
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Deck,Patio,Porch
- Exterior features: Blacktop Driveway,Deck,Dock,Patio,See Remarks,Propane Tank - Leased
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
- Waterfront features: Beach Access,Deeded Access,Dock Access,Lake
- Waterbody name: Canadarago Lake
- Frontage length: 50
Lot
- Lot size: 0.41 Acres
- Features: Flood Zone,Rectangular,Rectangular Lot
- Lot size dimensions: 50 x 350
Parking
- Total spaces: 2
- Parking features: Detached,Electricity,Garage,Heated Garage,Storage,Workshop in Garage,Garage Door Opener,Other
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Cold Wave
- Inland Flooding
- Strong Wind
- Winter Weather
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 | $4,525 | $54,300 |
| Home Insurance * | $458 | $5,496 |
| Property Taxes | $1,148 | $13,776 |
| Electricity | $578 | $6,940 |
| Total | $6,709 | $80,508 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-09 | Price change | $949,900 |
| 2025-09-19 | Listed for sale | $989,900 |
| 2023-10-13 | Sold | $597,500 |
| 2023-07-17 | Pending sale | $649,900 |
| 2023-07-03 | Price change | $649,900 |
| 2023-05-01 | Listed for sale | $680,000 |
For Sale by Agent
View on Zillow