0 Hammond Hill Road, East Otto, NY 14729

This property is a great mix of farmland and forest, creating ideal habitat for deer and turkey whose signs are abundant here. There is about 25-30 acres currently in corn. The farming is leased to a local farmer and the property benefits from the agricultural exemption for this area on the property taxes. The balance of the property is in forest that is being managed for timber production and is enrolled in the NYS tax law 480-a program. Enrollment here provides a significant tax break on the forested area in exchange for doing the proper forest management, which is evident when you walk the woods. The forest is comprised of hard maple, soft maple, cherry, ash, beech, basswood, hickory, hemlock and more. The property also benefits from having 2 gas wells on it. Both are active and paying a limited royalty. More importantly, the landowner has the opportunity to tie into free gas in coordination with the gas producer. There are multiple building site opportunities on the corn … read more …