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MLS# S1111346

Status: Active
290 Little Lakes Road
Richfield Springs, NY 13439
$750000

Single Family Residential
Beds Total: 4
Bathrooms: 2.10
Baths Full: 2
Baths Half: 1
Sq Ft Total: 1880
Acres: 11.8000
Year Built: 1973
Garage Description: Attached
Contact:
Peter Martino
NY Outdoor Realty LLC
Photos
Map
Multi-million dollar return investment. Black Walnut Tree Farm with 700 trees being grown for commercial wood. Invest in your future! 12 acres land for sale and very rare to the market, this property offers long term investment potential with approximately 500 trees over 17 years (phase 1) and 200 trees at 4 years old (phase 2). Owners have plotted a course for continuing income as trees mature starting in 15 years. Investment potential for phase 1 trees would yield between $3,750,000 to $8,000,000 at today’s prices using Doyle’s Rule for standing tree board feet and a reasonable growth rate.

Additional Features

Styles Of Residence:Ranch
County:Herkimer
Area:Warren
School District Name:Richfield Springs
Num of Stories:1.0000
Year Built Description:Existing
Assessed Value:108400
Total Taxes:3808
Lot Dimensions Depth:865
Lot Dimensions Frontage:970
Lot Information:Water View
Attic Description:None
Basement Description:Full,Partially Finished
Additional Rooms:1st Floor Bedroom,1st Floor Master Bedroom,Bonus Room,Laundry-1st Floor,Porch - Enclosed
Additional Structures:Barn / Outbuilding
Floor Description:Laminate-Some
Num Fireplaces Total Calculated:1
HVAC Type:Forced Air
Heating Fuel Description:Electric
Sewer Description:Septic
Kitchen Dining Description:Country Kitchen,Dining L
Kitchen Equip Appl Included:Dishwasher,Microwave,Oven/Range Gas
Exterior Construction:Aluminum/Steel,Brick,Frame,Wood
Foundation Description:Other - See Remarks
Driveway Description:Blacktop
Additional Interior Features:Other - See Remarks
Additional Exterior Features:Other - See Remarks