This Upstate New York Home Can Be Yours for Just $1,000
With most of the Hudson Valley still experiencing a "sellers market", it can be tough for prospective homebuyers to find a property within their budget. How about a 2,722 square-foot home in upstate New York for just $1,000?
While the home certainly isn't turnkey, the jaw-dropping price is meant to attract the right buyer. With four bedrooms, one and a half bathrooms, a beautiful covered porch, and even an in-ground pool, this property could be perfect if you're willing to put in the work.
The New York Home for Sale for $1,000
Similar to incentive programs in other parts of the country, the home is listed at such a low price because of the work that will be necessary to bring it back to life (and building code). Cities like Detroit and St. Louis have listed properties for as low as one dollar to entice buyers to participate in revitalizing declining neighborhoods, but will it work in upstate New York?
Great Location of Fixer-Upper Home in New York
The $1,000 property is located in the suburbs of Syracuse, NY. Its scenic block of Onondaga Ave is lined with mature trees and is located just minutes from the Museum of Science & Technology and the Rosamond Gifford Zoo. Here's what listing agents say is needed to rescue the home:
Renovation Costs for $1,000 New York Home
Before the renovations even begin, the listing estimates a cost of $200,000 to bring the home up to code before renovations (estimated at over $400,000) can even begin. Buyers also must provide a bank statement of at least $150,000 as well as detailed plans for the home. Check out more photos of the fixer-upper below.
This Upstate New York Home Can Be Yours for $1,000
Gallery Credit: Greater Syracuse Land Bank
The Most Expensive Home in Dutchess County, NY is Canoe Hill House
Gallery Credit: Byron Anderson, Daniel Kessler/Compass Greater NY