After 23 years we are selling our WNY home. Planning to list with an agent shortly but wanted to get the word our prior to listing. Sits on 18 Acres. Three bedroom, 2 and a half bathrooms, finished basement, metal roof, new geothermal Heating/AC unit installed in December 2025, new air source heat pump water heater installed at the same time. Solar with a Tesla backup battery was installed in Spring of this year. The solar has been generating enough power to cover current usage plus the produces an additional 1000kw per month for future use. Home also has two propane fireplaces, a pellet stove, and an inwall electric fireplace in the master bedroom. Walk in shower, bathtub, large walk in closet all in master bedroom. Beautiful high ceiling entry way, with exposed beams on the outside of entry and inside. Kitchen has stainless appliances, and a walnut island. Finished basement with French drains behind the walls. Currently set up as entertainment/workout room. one bedroom and one newly updated earthy spa bathroom in the basement. Home also has two separate buildings. The studio building with full electric, water and septic lines (water lines never connected), metal roof, two story, board and batten siding. Would make a nice Airbnb, mother in law suite or convert to garage. There is also an old stone building on the property that has been used as a garden shed. That building has a metal roof and stone walls. The land itself has been managed for hunting usage and currently has 6 food plots including standing corn, clover, brassicas, and oats. I personally have taken several trophy whitetail and one large bear off the property. Whitetail, bear, an occasional turkey, and lots of small game exist on the property. Outside the home boasts a huge covered deck (750 square feet) and a large garden area with 5 large raised metal beds. Currently the garden is full of produce. There is also a stone patio and fire pit. The land has mixed timber (nothing mature), with Ash, Apple, Maple, Oak, and Black Walnut in the back yard.
For sale by owner
$425,000
5101 Madden Rd, Panama, NY 14767
3beds
2,000sqft
SingleFamily
Built in 1978
18 Acres Lot
$-- Zestimate®
$213/sqft
$-- HOA
What's special
Two propane fireplacesPellet stoveFinished basementStone patioFire pitMetal roofThree bedroom
What the owner loves about this home
Outdoor living, energy efficient, gardens, privacy, smell of wood, close to shopping
- 21 days
- 778
- 60
Listed by:
Property Owner (716) 397-6330
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Baseboard, Other
Interior area
- Total interior livable area: 2,000 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 18 Acres
Details
- Parcel number: 064889435001163
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Conventional
Materials
- Roof: Other
Condition
- New construction: No
- Year built: 1978
Community & HOA
Location
- Region: Panama
Financial & listing details
- Price per square foot: $213/sqft
- Tax assessed value: $185,000
- Date on market: 9/5/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,361/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2026 | Listed for sale | $425,000+205.8%$213/sqft |
Source: Owner Report a problem | ||
| 7/2/2014 | Listing removed | $139,000$70/sqft |
Source: ERA Team VP Real Estate #1033708 Report a problem | ||
| 2/28/2014 | Listed for sale | $139,000-6.7%$70/sqft |
Source: ERA Team VP Real Estate #1033708 Report a problem | ||
| 5/25/2012 | Listing removed | $149,000$75/sqft |
Source: Coldwell Banker Phil Mathyer Real Estate #1027381 Report a problem | ||
| 6/4/2011 | Listed for sale | $149,000$75/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




