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3723 Five Mile Road, Allegany, NY 14706

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For Sale

$45,900

7.2 acres

Estimated Payment

$ 289 /mo. †

6.63% APR for 30 yrs.
$651 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • 7.2 acres
    Lot size

Explore this Property

This 7 acre building lot is a great spot to build your new home in Allegany NY, Cattaraugus County. The land is level and partially wooded with scattered pine trees.  There is a clearing off of W. Five Mile Road that would make a great building lot.  Most of the acreage is an open field that can be turned into lawn.  There is electric at the road.  The new owner would have to install a septic and a well.  The road frontage on W. Five Mile Road is 420 feet and the frontage on Five Mile Road is 31 feet.  Great location to build a new home with minimal traffic on W. Five Mile Road.  There are great views in all directions.  The camper and shed are no longer on the property.  This property is located in Allegany-Limestone School District.  The annual taxes are $650.98.  Don't miss this opportunity to own a beautiful tract of land just outside the Town of Allegany. The property is located approximately 7 minutes to downtown Allegany NY, 14 minutes to Olean NY, 19 minutes to Ellicottville NY, 52 minutes to Jamestown NY, and 1 hour 10 minutes to Buffalo NY.
MLS# S1579313

Courtesy Of NY Land Quest, LLC

(607) 844-9690

Property Features

  • Amenities
    Cable Ready
  • Architecture Style
    Other
  • Lot Size
    7.2 Acres

Map and Directions

Directions to 3723 Five Mile Road, Allegany, NY 14706

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $235
  • Property Taxes
    $54
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $289

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Allegany-limestone Elementary School

Grades PK-5 Public School

Allegany, NY 14706 4.7 miles
120 maple ave

443 total students
12:1 Student teacher ratio

School Rating: B+

School Details

Allegany-limestone Middle-high School

Grades 6-12 Public School

Allegany, NY 14706 2.1 miles
3131 five mile rd

623 total students
11:1 Student teacher ratio

School Rating: C+

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Allegany, NY 14706

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Allegany, NY 14706

This community’s employment is highest in the education and administrative support industries. The area’s overall household expenses are below the national average.

78° July
Hottest Average Month
13° January
Coldest Average Month
2,198 Total Households in Area
-0.6% Increase in population since the year 2010
23.6%
of households
have children
16 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Allegany, NY 14706

Allegany, NY 14706 has a population of 5,803 people in 2,198 households with a median age of 45.7 years old.

-0.6%
Decrease in population
since the year 2010
Population is Trending down
2,223
Total households as of 2010
-0.8%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 45.7 years old. The smallest percentage group is 18-24 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 90%
Hispanic 2%
Black 2%
Asian 2%
Native American 1%
Other <1%
The most prevalent ethnicity is White at 90%, followed by Hispanic at 2%, Black at 2%, and Asian at 2%.

Economics
for Allegany, NY 14706

74 /sq mi
Population Density
$66,807 /yr
Median Household Income
$151,000
Median Sales Price
16 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 14.61% of the households.

Transportation to Work

  • Drive 86%
  • Work from Home 10%
  • Walk or Bike 4%
  • Public Transit 0%

Occupancy by Type

Owned 1,723 71%
Rented 475 20%
Vacant 237 10%

White vs Blue Collar Jobs







White Collar 81%
Blue Collar 19%

Family & Education Facts
for Allegany, NY 14706

45.7 Median Age

Average Household Size

2.3
persons per
household

54.2%

Married Households

Community Population By Education

High School Graduate 30%
Graduate Degree 19%
Bachelors Degree 17%
Some College 16%
Associates Degree 11%
Some High School 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 30% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
23.6% of households have children

Weather
for Allegany, NY 14706

The weather for this area ranges from a high of 78° F in July to a low of 13° F in January

78° July
Hottest Average Month
13° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
13°
30°
Feb
13°
32°
Mar
22°
42°
Apr
32°
55°
May
41°
67°
Jun
50°
75°
Jul
54°
78°
Aug
53°
77°
Sep
46°
70°
Oct
37°
59°
Nov
29°
45°
Dec
18°
34°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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