Auction of 177± Owego, NY Acres
Farm House, Barn, Silo, Pond, Woods
Saturday, June 24, 2006 at noon
Open House Saturday, June 17, 2006, 10:00 a.m.-1:00 p.m.,
or By Appointment
Connelly Realty, as the agent for the Estate of Mary Niznik, will sell as one two adjoining parcels in the Village Of Owego, Tioga County, NY onsite on Saturday, June 24, 2006 at noon. Bisected by Pultz Hill and Gaskill Roads, the parcels provide over 2500 feet of roadside frontage (see map). The smaller, approximately 76 acre, northern parcel at 79 Katchuk Rd, taxmap number 96.00-2-5 (see taxmap), includes land, a farm house, barn with addition, silo and out-buildings, and a 0.25 acre pond. The larger, approximately 101 acre, southern parcel at 61 Pultz Hill Rd, taxmap 96.00-2-2, consists entirely of land. (Click for aerial view.) Zoned agricultural, the parcels have a total assessment of $160,800 and total taxes (school, town and county) of $5120.
About the Property
The two-story circa 1840 farm house and early 20th century addition has not been occupied during the winter for the past five years and needs total restoration. (see photo album/slideshow) Heated by oil-fired hot air, and electrified with 110 and 220 volts, the beam and plank construction house has thirteen rooms, including six bedrooms. Adjoining the house are electrified out-buildings, a barn, silo, and pond. The gently rolling land includes fields, some being hayed, about forty acres of woods with some marketable timber, and gas and oil leases, expiring October 2006, which could be renewed. Additional details are available in the auction brochure (PDF: 12KB).
About the Region
The property is located in the Newark Valley School District, in the Village of Owego in Tioga County, one of the few upstate New York areas experiencing economic growth. Easy to get to by road, rail and air, the property is big enough to be a golf course, affordable enough to turn into a bed and breakfast resort, and lush enough to become a gentleman's farm, especially if he likes canoeing on the nearby Susquehana River. More likely, its next owners will develop it to meet Tioga's need for single family residences and condominium housing. With the addition of 750 jobs at Lockheed Martin's Owego systems integration plant, 400 at Best Buy's distribution center in Nichols, and 375 at the Tioga Downs Racino, also in Nichols, Tioga is experiencing the shortage of housing that often comes with growing employment opportunities.
Directions: Take I-87 (NY 17) to exit 64, then NYS Route 38 north approximately 8 miles. Turn right onto Gaskill Road, then bear left after 500 feet onto Pultz Hill Road. Look for the auction sign.
TERMS: 5% Buyers Premium. The Estate reserves the right to one bid and one bid only. The opening bid is $200,000. A downpayment of 5% is due at the conclusion of bidding. The downpayment is non-refundable if the buyer is unable to close. The downpayment will be returned if the seller is unable to close. The buyer has 30 calendar days to provide written assurance of financing, thereafter the sales contract is void. Possession upon closing, to be within 60 days after signing contract. The property is sold "AS IS" with a Warranty deed. We guarantee clear and marketable title with no encumbrances. We can not be responsible for anything we are not aware of or have not specifically stated. Other conditions may be announced prior to the sale of the property that will take precedence over what's printed here and in our brochures. This auction is conducted by Connelly Realty, Robert J. Connelly, Broker, as agent for the seller only, not the buyer.