18 ACRES OF PRIVACY, SPACE & COUNTRY LIVING!
Welcome to 5101 Madden Road, where comfortable living meets the freedom of 18 beautiful acres in the country. This well-maintained 3-bedroom, 2½-bath home offers a finished lower level and incredible outdoor spaces.
Step inside through the impressive high-ceiling entry with exposed beams and you’ll immediately notice the warmth and character of this home. The kitchen features stainless appliances and a beautiful walnut island, while the primary suite offers a walk-in shower, soaking tub and spacious walk-in closet.
The finished lower level adds valuable living space with an additional bedroom, newly updated spa type bathroom. With a walk out double door and the French drains which have been installed behind the basement walls, this level offers endless possibilities.
Energy efficiency is a major bonus here, with a geothermal heating and cooling system and air-source heat-pump water heater installed in 2025, plus solar and a Tesla backup battery installed in 2026. The home also offers multiple supplemental heat sources, including two propane fireplaces and a pellet stove.
And then there’s the outdoor living! A remarkable approximately 750-square-foot covered deck provides plenty of room for entertaining and relaxing. A stone patio, fire pit and raised garden beds create even more opportunities to enjoy the outdoors.
The property includes a two-story studio building with electric and water/septic lines in place, offering tremendous potential for a studio, workshop, guest space or future conversion.
For those looking for land, privacy and outdoor recreation, the 18 acres have been managed for wildlife and currently include multiple food plots. The property features a mix of timber and open areas, with mature landscaping and plenty of room to garden, explore and enjoy nature.
If you’ve been looking for more than just a house—if you’re looking for room to breathe, room to garden, room to entertain and room to make the property your own—this could be the one.
Active
$400,000
5101 Madden Rd, Panama, NY 14767
3beds
1,288sqft
Single Family Residence
Built in 1972
19.5 Acres Lot
$378,200 Zestimate®
$311/sqft
$-- HOA
What's special
Two propane fireplacesPellet stoveRaised garden bedsFinished lower levelBeautiful walnut islandStone patioFire pit
- 40 days
- 466
- 46
Zillow last checked:
Listing updated:
Listed by:
ERA Team VP Real Estate 716-413-0200,
Tena Dills 716-413-0200
Source: NYSAMLSs,MLS#: R1717073
Originating MLS: Chautauqua-Cattaraugus
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Heating
- Geothermal, Other, Solar, See Remarks
Cooling
- Other, See Remarks, Central Air
Appliances
- Included: Dryer, Dishwasher, Gas Oven, Gas Range, Refrigerator, Solar Hot Water, Washer
- Laundry: Main Level
Features
- Entrance Foyer, Separate/Formal Living Room, Kitchen Island, Kitchen/Family Room Combo, Living/Dining Room, Other, See Remarks, Sliding Glass Door(s), In-Law Floorplan, Main Level Primary, Primary Suite
- Flooring: Hardwood, Other, See Remarks, Tile, Varies
- Doors: Sliding Doors
- Basement: Finished,Walk-Out Access
- Number of fireplaces: 3
Interior area
- Total structure area: 1,288
- Total interior livable area: 1,288 sqft
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Stories: 1
- Exterior features: Gravel Driveway
Lot
- Size: 19.5 Acres
- Dimensions: 1250 x 1310
- Features: Agricultural, Corner Lot, Rectangular, Rectangular Lot
Details
- Additional parcels included: 435.00126 and 435.000116.1
- Parcel number: 0648894350000001016003
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Horses Allowed
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Poured
- Roof: Metal
Condition
- Resale
- Year built: 1972
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected
Green energy
- Energy generation: Solar
Community & HOA
Location
- Region: Panama
Financial & listing details
- Price per square foot: $311/sqft
- Tax assessed value: $111,000
- Annual tax amount: $3,875
- Date on market: 10/1/2026
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Estimated market value
$378,200
$359,000 - $397,000
$2,062/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2026 | Listed for sale | $400,000-5.9%$311/sqft |
Source: | ||
| 10/1/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/5/2026 | Listed for sale | $425,000+205.8%$330/sqft |
Source: Owner Report a problem | ||
| 7/2/2014 | Listing removed | $139,000$108/sqft |
Source: ERA Team VP Real Estate #1033708 Report a problem | ||
| 2/28/2014 | Listed for sale | $139,000-6.7%$108/sqft |
Source: ERA Team VP Real Estate #1033708 Report a problem | ||
| 5/25/2012 | Listing removed | $149,000$116/sqft |
Source: Coldwell Banker Phil Mathyer Real Estate #1027381 Report a problem | ||
| 6/4/2011 | Listed for sale | $149,000$116/sqft |
Source: Phil Mathyer Real Estate #1027381 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $111,000 |
| 2024 | -- | $111,000 |
| 2023 | -- | $111,000 |
| 2022 | -- | $111,000 |
| 2021 | -- | $111,000 |
| 2020 | -- | $111,000 |
| 2019 | -- | $111,000 +2.8% |
| 2018 | -- | $108,000 +8.1% |
| 2017 | $1,225 | $99,900 +6.8% |
| 2016 | -- | $93,500 |
| 2015 | -- | $93,500 |
| 2014 | -- | $93,500 |
| 2013 | -- | $93,500 +9% |
| 2012 | -- | $85,800 |
| 2011 | -- | $85,800 |
| 2010 | -- | $85,800 |
| 2009 | -- | $85,800 |
| 2008 | -- | $85,800 |
| 2007 | -- | $85,800 +15.9% |
| 2006 | -- | $74,000 |
Find assessor info on the county website





