DESCRIPTION OF PANAMA COUNTRY HOME:

PRICE:     $125,000.00

LOCATION:     60 South Street, Corner of South Street (County Road 33) and Stevens Road, Village of Panama, Town of Harmony, County of Chautauqua, State of New York.

TAX PARCEL NUMBER:     Part of Section 104 Block 5 Lot 8.

2005 TAX ASSESSMENT:     Entire Tax Parcel:  $125,000.00 Total.  (Land - $33,000.00, Buildings - $92,000.00).  New assessment will be determined by Tax Assessor for Town of Harmony.

2005 TAXES:     Total for entire Tax Parcel - $4,265.80.    ( Town & County Taxes - $1,342.12,    Village Taxes - $611.09,    School Taxes - $2,312.59 with no STAR Exemption.)  Taxes will be apportioned by Tax Assessor.

SCHOOL DISTRICT:     Panama Central School.

LAND:     Approximately 1.5 acres, with approximately 234 feet of frontage on the west side of South Street (County Road 33) and approximately 280 feet of frontage on the north side of Stevens Road. ( Has not been surveyed.)  More land may be negotiable.

DESCRIPTION OF HOUSE:

TYPE and SIZE:     Older two story house in good condition.  Wood frame.  White vinyl siding, with black wood shingles in peaks, and black shutters.  Stone foundation, partial basement with concrete floor.  New asphalt shingle roof in 2001.  Insulated.  Double hung windows with screens.  Full attic.  Approximately 1300 square feet first floor and 1025 square feet second floor for a total of 2325 square feet of living space.

SEPTIC SYSTEM:     1000 gallon tank with leach field.

WATER WELL:     Two wells, each 25-30 feet deep.

HEATING:     Gas forced air furnace.  40 gallon gas water heater.  National Fuel Gas.

ELECTRIC:  100 amp with circuit breakers.  Has been rewired.  Niagara Mohawk.

DOWNSTAIRS ROOMS:

KITCHEN:     15’8”x 17’8”.  Ceramic tile floor.  Built-in oven, range top, and Kitchen-Aid dishwasher.  Nice cupboards.  Laundry hook ups.  Door to side entry and door to rear entry.

DINING ROOM:     15’3”x 17’.  Bow window.  WW carpeting.  Hardwood floor under carpeting.  Paneled walls.

LIVING ROOM:     15’4”x 15’8”.  WW carpeting.  Hardwood floor under carpeting.  Large windows on three walls.

DEN:     9’9”x 12’.  WW carpeting.  Closet.  Could be bath.  Some plumbing is in place.

REAR ENTRY ROOM:  13’4”x 13’6”, including closet.  WW carpeting over concrete.

SIDE ENTRY ROOM:     4’8”x 6’7” plus basement stairs.  WW carpeting over concrete.

UPSTAIRS ROOMS: 

FRONT BEDROOM:     15’4”x 15’8” including two closets and built-in storage space under window.  WW carpeting.  Paneled walls.  Ceiling fan.

BACK BEDROOM:     15’4”x 17’8” including closet.  WW carpeting.  Paneled walls.

CENTER BEDROOM:     15’3”x 20’11” including two closets.  WW carpeting.

BATH:     6’3”x 9’2”.  Vinyl floor.  Closet.  Vanity.  Tub with surround.

DETACHED GARAGE:     32’x 36’.  Concrete block, metal siding on front, vinyl siding on one side and back.  Asphalt shingle roof.  Concrete floor with drain.  Insulated ceiling.  Two overhead doors with openers.  75,000 BTYU furnace.  Chimney has full liner.  100 amp electrical service with circuit breakers.  220 watts for welding.  Phone jack.

GREENHOUSE:  14’x 32’.  Attached to back of garage.

SELLER:     Royal H. Nickerson

                     8530 Stateline Road, Clymer, New York 14724

                     Book of Deeds Liber 2590 Page 203, Recorded December 23, 2005.

ATTORNEY:     Crandall G. Nyweide

                           562 Clymer-Sherman Road,  P.O. Box 369,  Clymer,  New York 14724

                           Telephone:  716-355-2740                             Fax:  716-355-6167

BROKER:     Margaret T. Nyweide,  Nye Hill Realty

                      8163 Brownell Road, Clymer, New York 14724

                      Telephone:  716-355-6675       Fax:  716-355-6174

                      E-mail:  nyehill@madbbs.com          Web site:  www.nyehill.com