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321 Panther Mount Rd, Richfield Springs, NY, 13439

5beds
2baths
0sqft
$999,900
--price/sqft
$7,097/moest. monthly cost
$283,880/yrincome needed

About This Home

189 acre Farm for Sale with 2 Homes in Richfield, NY! Tillable Acreage, Dairy Barn, Pond and Farm Buildings! Here is a beautiful farm with 2 residences and 189 acres of tillable, pasture and wooded land. The property is nestled between Canadarago Lake and Otsego Lake and is only 15 minutes to Cooperstown, NY. The farm is currently not operating as a dairy farm but easily could be up and running in no time. Most of the acreage is tillable and there are roughly 60 acres of wooded areas for outdoor recreational uses. The main barn has power and a drilled well to supply the amenities for day-to-day operation. Besides the main barn, there are 5 other outbuildings that would be useful for farm operation and storage. Main House: The main residence is a ranch style home on a finished basement with a front porch to relax and enjoy the views. The house has 5 bedrooms, 2.5 baths, 2 kitchens and a main floor laundry room and office. A newer garage has been added with an enclosed breezeway attaching it to the house. There is also a backup generator which is powered by 2 propane tanks. Behind the house are a couple of outbuildings and a gazebo to watch wildlife. The two houses have a shared drilled well which is located behind the main house. 2nd House: The second home on the property is currently being used as rental income. The house has 2 bedrooms, 1.5 baths, a main floor laundry room, and an attached 1 car garage. This home is also a ranch style house with the same scenic views of the property. Features: 60 X 24 Detached Garage w/workshop. 40 X 100 Pole Barn. 60 X 32 Barn. The main barn is roughly 150 ft long. 15 minutes to Cooperstown, NY. This property is in a beautiful location with scenic views and offers a great opportunity to pursue just about any form of farming you desire!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
5
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1970

Materials

  • Roof: Asphalt
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Farm

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Bedrooms(3),Bathrooms(1)

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Carpet,Vinyl
  • Fireplace features: Wood Burning Stove
  • Finished area above ground: 0

Heating

  • Heating features: Electric,Propane,Baseboard,Radiant

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 365089067.0000002007.000
  • Lease amount: 0

Features

  • Stories: 1
  • Has view: Yes
  • View description: Farm,Scenic
  • Frontage length: 0

Lot

  • Lot size: 189.81 Acres

Parking

  • Parking features: Attached
  • Has garage: 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
    Inland FloodingVery High
  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Winter Weather
Lightning
Strong Wind
Tornado

FEMA Declared Disasters in Otsego 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 $5,056$60,672
Home Insurance *$512$6,144
Property Taxes $1,283$15,396
Electricity $246$2,954
Total$7,097$85,164
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$243,325/yr
40% on housing$212,910/yr
45% on housing$189,253/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: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 13439$115
Otsego County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 13439$119
Otsego County$153

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
2025-04-10Price change$1,199,900
2024-08-06Listed for sale$1,299,900

For Sale by Agent

AgentJeffrey Abulencia
BrokerageNY OUTDOOR REALTY LLC

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