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  • $400,000

    5101 Madden Rd, Panama, NY 14767

    3beds
    1,288sqft
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    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
    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.
    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#: R1717073MLS LogoOriginating 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

        DateEventPrice
        10/2/2026Listed for sale$400,000-5.9%$311/sqft
        Source: NYSAMLSs #R1717073 Report a problem
        10/1/2026Listing removed--
        Source: Owner Report a problem
        9/5/2026Listed for sale$425,000+205.8%$330/sqft
        Source: Owner Report a problem
        7/2/2014Listing removed$139,000$108/sqft
        Source: ERA Team VP Real Estate #1033708 Report a problem
        2/28/2014Listed for sale$139,000-6.7%$108/sqft
        Source: ERA Team VP Real Estate #1033708 Report a problem
        5/25/2012Listing removed$149,000$116/sqft
        Source: Coldwell Banker Phil Mathyer Real Estate #1027381 Report a problem
        6/4/2011Listed for sale$149,000$116/sqft
        Source: Phil Mathyer Real Estate #1027381 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 14767

        Getting around

        0 / 100
        Car-Dependent
        20 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Panama

        Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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