NYLandQuest #: lq45809

213 acres Timber Investment and Hunting Land in Chemung NY Murphy Hill Road

213 acres Timber Investment and Hunting Property in Chemung NY, Chemung County.

Large 213 acre timber tract located close to the PA border in the Southern Tier Region.  This property has been owned by the same family for over 50 years and has been enrolled in the 480 fisher tax forestry program since 1967.  First time on the market in over 50 years.  This is a well-managed private forest with an amazing logging road system that is wide enough to drive a truck through and to access every corner of the property.  This is a very private parcel that is almost a perfect square plot.  The 480 Fisher tax law is a unique forestry program that offers a very low tax burden to the landowner and opportunity to own such a large forested parcel with very low holding costs and an excellent return of an investment.  This tax law was only available during the 1960’s.  There are very few restrictions with the 480 Fisher tax law and a savings of over 75% on your property taxes.

The property is mainly comprised of White Oak, Red Oak, Rock Oak, Hickory and some White Ash and Maple.  The topography encompasses almost an entire hill with two gullies.  The property offers an amazing habitat for wildlife with all the oaks and nut bearing trees.  The middle of the property offers a hilltop plateau of 1500 feet and a near level area of approximately 50+ acres for valley views and easy hunting.  When I walked the property I came across several whitetail deer, grouse and coyote.  This would be a great property for a group of individuals to have small hunting club.

Don’t miss this opportunity to invest in this amazing timber property with super low taxes.  All the mineral, oil and gas rights convey.

Distances to nearby Destinations:

5 miles to the PA Border and Exit 57 Route 87/17

6 miles to Elmira

14 miles to Sayre PA

Priced to sell at $276,900.  Contact Brian Jackson 607-280-1058 (text friendly) for more information and to schedule a private showing.

 

Size: 213 Acres Price: $276,900
Town: Chemung County: chemung
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