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  • $427,000

    557 Shaffer Rd, Newfield, NY 14867

    3beds
    2,408sqft
    Single Family Residence
    Built in 2006
    41.53 Acres Lot
    $545,000 Zestimate®
    $177/sqft
    $3,230 Estimated rent

    Home value

    $545,000

    $496,000 - $600,000

    $3,230/mo

    Zestimate® history
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    What's special

    Stunning 41-acre estate just minutes from downtown Ithaca, Cornell University, and Ithaca College! This exceptional property offers the perfect balance of modern comfort, natural beauty, and privacy. The contemporary 3-bedroom, 3-bathroom home features an open layout with hardwood floors, a soaring wall of windows that captures panoramic views, and a wraparound deck ideal for enjoying the peaceful setting. The main level includes an open kitchen flowing into the great room with pellet stove, two bedrooms, and a full bath. Upstairs, a loft leads to a large private suite with full bath. The walkout lower level offers incredible flexibility with high ceilings, a full bathroom, living area, efficiency kitchen, and bonus room—perfect as a guest suite or Airbnb rental. The land is equally impressive. A seasonal creek with a small waterfall runs along the southern border, while sections of historic stone walls weave through the woods on the north side. An old farm road defines the eastern edge of the property, and a hunting blind sits quietly at one corner. An amazing tulip tree towers over the forest canopy, and white pines grace the lower two fields. Wildlife abounds—foxes, turkeys, and white-tailed deer are frequent visitors. With three open meadows, there's ample space for recreation, gardening, or hobby farming, and a charming pre-Civil War barn offers garage space, storage, and potential for a studio or workshop. Already a successful rental, this property offers endless possibilities—as a private retreat, income property, or year-round residence. Rare to find this much acreage, natural beauty, and flexibility so close to town. Don't miss the opportunity to own a slice of Finger Lakes paradise.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kathleen (Kate) Seaman 607-280-3339,

    Warren Real Estate of Ithaca Inc.

    Bought with:

    David A Barken, 10401313416

    Howard Hanna S Tier Inc

    Source: NYSAMLSs,MLS#: R1618455MLS LogoOriginating MLS: Ithaca Board of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Heating
    • Electric, Propane, Other, See Remarks, Baseboard, Forced Air, Stove
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Dishwasher, Exhaust Fan, Freezer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Propane Water Heater, Refrigerator, Range Hood
    • Laundry: In Basement, Main Level
    Features
    • Eat-in Kitchen, Great Room, Kitchen/Family Room Combo, Living/Dining Room, Second Kitchen, Bedroom on Main Level, Loft, Bath in Primary Bedroom, Programmable Thermostat
    • Flooring: Carpet, Hardwood, Varies, Vinyl
    • Basement: Full,Finished,Walk-Out Access
    • Number of fireplaces: 2
    Interior area
    • Total structure area: 2,408
    • Total interior livable area: 2,408 sqft
    • Finished area below ground: 784

    Property

    Parking
    • Parking features: No Garage
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open, Porch
    • Exterior features: Gravel Driveway, Propane Tank - Owned
    Lot
    • Size: 41.53 Acres
    • Dimensions: 163 x 2000
    • Features: Irregular Lot, Rural Lot, Wooded
    Details
    • Additional structures: Barn(s), Outbuilding
    • Parcel number: 50340002000000010150100000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary,Modular/Prefab
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Poured
    • Roof: Asphalt
    Condition
    • Resale
    • Year built: 2006

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: High Speed Internet Available

    Community & neighborhood

    Location
    • Region: Newfield

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,USDA Loan

    Price history

    DateEventPrice
    8/7/2025Sold$427,000-2.1%$177/sqft
    Source: NYSAMLSs #R1618455 Report a problem
    7/25/2025Pending sale$436,000$181/sqft
    Source: NYSAMLSs #R1618455 Report a problem
    7/8/2025Contingent$436,000$181/sqft
    Source: NYSAMLSs #R1618455 Report a problem
    6/27/2025Listed for sale$436,000-5%$181/sqft
    Source: NYSAMLSs #R1618455 Report a problem
    6/27/2025Listing removed$459,000$191/sqft
    Source: NYSAMLSs #R1591987 Report a problem
    5/23/2025Price change$459,000-5.4%$191/sqft
    Source: NYSAMLSs #R1591987 Report a problem
    5/2/2025Price change$485,000-2.8%$201/sqft
    Source: NYSAMLSs #R1591987 Report a problem
    3/13/2025Listed for sale$499,000+46.8%$207/sqft
    Source: NYSAMLSs #R1591987 Report a problem
    10/14/2024Listing removed$2,950$1/sqft
    Source: Zillow Rentals Report a problem
    7/10/2024Listing removed--
    Source: Zillow Rentals Report a problem
    5/11/2024Listed for rent$2,950+7.3%$1/sqft
    Source: Zillow Rentals Report a problem
    12/3/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    10/4/2022Price change$2,750-6.8%$1/sqft
    Source: Zillow Rental Manager Report a problem
    9/1/2022Listed for rent$2,950$1/sqft
    Source: Zillow Rental Manager Report a problem
    12/15/2017Sold$340,000-9.3%$141/sqft
    Source: NYSAMLSs #IB310134 Report a problem
    10/13/2017Pending sale$375,000$156/sqft
    Source: LINZ REAL ESTATE #310134 Report a problem
    10/2/2017Price change$375,000-5.1%$156/sqft
    Source: LINZ REAL ESTATE #310134 Report a problem
    6/27/2017Price change$395,000-4.8%$164/sqft
    Source: LINZ REAL ESTATE #310134 Report a problem
    5/22/2017Listed for sale$415,000+23.9%$172/sqft
    Source: LINZ REAL ESTATE #310134 Report a problem
    3/24/2011Listing removed$335,000$139/sqft
    Source: NCI #129534 Report a problem
    9/24/2010Listed for sale$335,000+8.1%$139/sqft
    Source: NCI #129534 Report a problem
    1/13/2010Sold$310,000$129/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $500,000
    2024-- $500,000 +17.4%
    2023-- $426,000 +15.1%
    2022-- $370,000 +8.8%
    2021-- $340,000
    2020-- $340,000
    2019-- $340,000 +3%
    2018-- $330,000
    2017$8,917 $330,000
    2016-- $330,000
    2015-- $330,000
    2014-- $330,000 +4.8%
    2013-- $315,000 +1.6%
    2012-- $310,000
    2011-- $310,000
    2010-- $310,000 +29.2%
    2009-- $240,000
    2008-- $240,000 +14.3%
    2007-- $210,000
    2006-- $210,000 +90.9%
    2005-- $110,000 +15.8%
    2004-- $95,000 +13.1%
    2003-- $84,000
    2002-- $84,000
    2001-- $84,000
    2000-- $84,000

    Find assessor info on the county website

    Neighborhood: 14867

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Newfield Elementary
    • Middle: Newfield Middle
    • High: Newfield Senior High
    • District: Newfield

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