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Off market
  • $2,021,700

    40 Lake St, Cooperstown, NY 13326

    5beds
    5,063sqft
    SingleFamily
    Built in 1793
    2.25 Acres Lot
    $2,021,700 Zestimate®
    $399/sqft
    $4,937 Estimated rent

    Home value

    $2,021,700

    $1.72M - $2.39M

    $4,937/mo

    Zestimate® history
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    $4,937/mo

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    $4,937/mo

    Rent Zestimate®

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    $13,790/mo

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    $13,790/mo

    Est. payment

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    What's special

    Averell Cottage is truly a one of a kind historic lakefront property. Built in 1793 for James Averell II who purchased the property, a tannery, in 1792 from John Howard who in turn had acquired it from William Cooper, the founder of Cooperstown and the father of the famous author James Fenimore Cooper. In 1786, funded by his success as a merchant, William Cooper bought 67,000-acres of land in central New York that would constitute Otsego County. By 1790, he had chosen the site on which he would lay out the county capital, Cooperstown. This Vintage property sits on over two and a quarter acres with an expansive lawn leading to 225 feet of direct frontage on Otsego Lake. Only one block from Main Street this residence has the largest lakeside footprint of any other private home in the village and is just 3 doors down from the famous Otesaga Resort and Leatherstocking Golf Course. Featuring 5,000 square feet of living space including a separate ground floor one bedroom suite, four bedrooms including two en suite, ten-foot ceilings, cherry hardwood floors, a formal parlor, a butler's pantry and floor to ceiling sliding doors leading to a 42 foot rear deck facing the lake. The first floor layout is ideal for entertaining with over 3000 square feet of space. Otsego Lake is approximately 9 miles in length totaling over 4000 acres. From its southern edge at Council Rock Park is the source of the Susquehanna River which flows south over 400 miles to the Chesapeake Bay. Cooperstown is best known for the National Baseball Hall of Fame and Museum. The Glimmerglass Opera Festival offers various musical performances. Other destinations are the historic Hyde Hall, Glimmerglass State Park, the Fenimore Art Museum and Farmers Museum as well. This offering presents a unique opportunity to acquire one of the most prestigious and historic homes in America.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Oil
    Cooling
    • None, Central
    Appliances
    • Included: Dishwasher, Dryer, Range / Oven, Refrigerator
    Features
    • SLIDING GLASS DOORS, SKYLIGHTS, MASTER BATH
    • Flooring: Carpet, Hardwood
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 5,063 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: Water, Mountain
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 2.25 Acres
    • Features: LEVEL, WATER FRONTAGE
    Details
    • Parcel number: 365001115183400

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Wood
    Condition
    • Year built: 1793

    Utilities & green energy

    • Sewer: MUNICIPAL

    Community & HOA

    Location
    • Region: Cooperstown

    Financial & listing details

    • Price per square foot: $399/sqft
    • Tax assessed value: $1,552,143

    Price history

    DateEventPrice
    4/19/2024Listing removed--
    Source: HVCRMLS #20212815 Report a problem
    10/20/2022Sold$1,300,000-31.5%$257/sqft
    Source: NYSAMLSs #OD135178 Report a problem
    9/7/2022Contingent$1,899,000$375/sqft
    Source: ODBR #135178 Report a problem
    7/20/2022Price change$1,899,000-13.7%$375/sqft
    Source: ODBR #135178 Report a problem
    6/20/2022Price change$2,200,000-7.4%$435/sqft
    Source: ODBR #135178 Report a problem
    6/7/2022Listed for sale$2,375,000-1%$469/sqft
    Source: ODBR #135178 Report a problem
    6/1/2022Listing removed$2,400,000$474/sqft
    Source: HVCRMLS #20212815 Report a problem
    3/26/2022Listed for sale$2,400,000$474/sqft
    Source: HVCRMLS #20212815 Report a problem
    12/20/2021Listing removed$2,400,000$474/sqft
    Source: HVCRMLS #20212815 Report a problem
    9/7/2021Price change$2,400,000-11.1%$474/sqft
    Source: HVCRMLS #20212815 Report a problem
    7/27/2021Listed for sale$2,700,000$533/sqft
    Source: HVCRMLS #20212815 Report a problem
    6/17/2021Listing removed--
    Source: NY State MLS Report a problem
    3/11/2021Listed for sale$2,700,000$533/sqft
    Source: NY State MLS #10939042 Report a problem
    2/28/2021Listing removed--
    Source: NY State MLS Report a problem
    9/13/2019Price change$2,700,000-20.6%$533/sqft
    Source: DON OLIN REALTY INC #10640564 Report a problem
    10/6/2018Listed for sale$3,399,000+299.9%$671/sqft
    Source: Coldwell Banker Timberland Pro #118564 Report a problem
    8/3/1998Sold$850,000$168/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $1,086,500
    2024-- $1,086,500 -46%
    2023-- $2,011,300
    2022-- $2,011,300
    2021-- $2,011,300
    2020-- $2,011,300
    2019-- $2,011,300
    2018-- $2,011,300
    2017$38,529 +556.8%$2,011,300
    2016$5,866 $2,011,300
    2015-- $2,011,300 -26.9%
    2014-- $2,753,300
    2013-- $2,753,300
    2012-- $2,753,300
    2011-- $2,753,300
    2010-- $2,753,300
    2009-- $2,753,300
    2008-- $2,753,300 +524.3%
    2007-- $441,000
    2006-- $441,000
    2005-- $441,000
    2004-- $441,000
    2003-- $441,000
    2002-- $441,000
    2001-- $441,000
    2000-- $441,000
    Find assessor info on the county website

    Neighborhood: 13326

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cooperstown

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