Great Lakefront Opportunity. Priced to sell more than half under the assessed value in âas isâ condition respectfully. This is a beautifully located waterfront property right on Owasco Lake in the town of Scipio, NY. This was once used as a seasonal rental property and needs some TLC. This home is 981sqft with 3bed/1bath built in 1898. It has a new roof, screened in porch right on 104 feet of lake front. Fix it up, knock it down and build new the choice is yours!