Pelham - 662 - Fonthill
Pelham - 662 - Fonthill
Sold For$780,000
Listed For $799,900
Sold Feb 2018
VALUE IS IN THE LAND! 25 ACRES OF PRIME L-SHAPED PROPERTY CLOSE TO TOWN AND ADJOINING THE LOOKOUT POINTE GOLF PRACTICE RANGE (1100' FROM LOOKOUT STREET AND 1600' ACROSS TO TICE ROAD) AND SITUATED ACROSS FROM THE NEWLY DEVELOPED LOOKOUT ESTATES SUBDIVISION. (1 ACRE LEASED OUT FOR A RADIO TOWER UNTIL 2031 - PRESENT RENT $7000/YEAR WITH A 4% ANNUAL INCREASE) 20 ACRES LEASED OUT FOR CASH CROP @ $50/ACRE PER YEAR. WITH THIS 25 ACRE PARCEL COMES THE FAMILY STEAD ALL BRICK (4000 SQ. FT.) CENTURY FARM HOUSE BUILT IN 1894 & IN NEED OF LOTS OF UPDATING. WHY NOT BUILD YOUR OWN DREAM HOME HERE AND HAVE AMPLE SPACE TO ROAM! CURRENTLY ZONED AGRICULTURAL! GREAT LOCATION - ACROSS FROM SOME OF THE MOST PRESTIGIOUS HOMES IN FONTHILL AND NIAGARA. NEWLY INSTALLED CITY WATER (2017) AND THREE SEPTIC SYS
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* Values are estimates only and not a guarantee of lending or affordability.