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Five Figure Fridays! Upstate for cheap(er).

Hello and welcome to Five Figure Fridays!  I’ll be your faithful correspondent from the bargain basement of upstate real estate.  We’ll cover anything that gets your price of admission down below 100 large: a big wooded lot with an Airstream, a 3-season cabin, an off-grid retreat, or any of a wide array of handyman specials.

To kick off this new column, we have not one but 5 properties – all available for five figures.  Depending on your financing, that’s less than $500 a month (plus taxes, insurance, maintenance, travel, etc. etc.).

Details and more pictures of each are after the jump.  From highest to lowest:

Wurtsboro 4BR - $99k

First up, a rare bird: an affordable, presentable house within the 2-hour “golden circle” of driving time from NYC.  Specifically, Google maps claims you’ll make it to this one in 1:53 from Park Slope (ahem).    Nice woodwork, a cute front porch, a stainless steel fridge and a remarkably peach-colored whirlpool bath!  Just $99k.

2 Cottages Arkville - 2BR/1BR - $95k

Next comes a 2-cottage property, one with 2BR and one with 1BR, plus garage.  Backs right up on a pretty steep rise, so it doesn’t look like there’s much yard, but the stone around the patio is awfully cute.  At $95k for both, you can share with a friend for only $47,500 each!

Woodbourne 3BR - $74k

The Craigslist ad for this 3BR in Woodbourne called it “Arts & Crafts,” which might be stretching a bit, but this is a cute as a button cottage with some original woodwork and a fireplace.   Grey wall-to-wall and a wonderful 70s tulip light fixture in the kitchen (don’t worry about the ceiling tiles falling down – that’ll fix right up).  $74k.

Pine Hill House and Barn/Garage - 3BR - $69k

Downtown in Pine Hill (the town the Trailways bus line is named after!) is a 3BR/2BA with a barn (workshop/2-car garage).  Commercial zoning means an artist/craftsman could swing a live/work situation.  The interior has gone crazy with paneling, which as a child of the 70s I appreciate.  Just $69k.

Smallwood "Handyman" - 3BR - $29k

Finally, the bargain of the week for those who don’t scare easy.  A seasonal Smallwood cabin which, to put it gently, has some needs.  It also has 3 bedrooms, a somewhat scenic creek, and an existing well – which could mean it’s winterizable.  The realtor assures us that “Seller will consider all offers!” and will offer a $1k bonus if it’s sold by the end of the year – which brings the total to (drumroll) $28,900!

After the jump: links and stats for each, plus a big gallery with a bunch more photos.  Happy bargain hunting.

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Yellow Farmhouse on Lake Road in Jewett for $239,000

This salt-boxy yellow farmhouse on Colgate Road is really nicely situated. It’s about a ten minute walk or so from Colgate Lake and even though it’s on a small plot of land and close to the road, the property has a fairly private feel. No neighbors to one side, thanks to a bridge and a creek, and a hill toward the back. It’s just sort of nestled there, looking all sunshine-y and asbestos-sided, with a treehouse in the yard and behind that, a gurgling stream.

The inside is similarly cheery, not too country kitsch but not antiseptic either. The Jewett location is close enough to Hunter and Windham to have ski rental potential, though you won’t get central Windham or Hunter prices. Note that Colgate Lake is lovely, but nothing fancy. There isn’t a “beach” per se, or life guards if you worry about that, and it’s lake-y enough that you’d probably want to invest in water shoes if this becomes your spot (think mud, seaweed, etc), but it is real country and free to boot.

Colgate Road was hit by Hurricane Irene, and the road is a little torn-up, but compared to damage in other parts of Greene County, it’s pretty minor and should probably look good-as-new by spring, if not by ski season. This house has only been on the market for about a month, and we’re still waiting to see how Irene will affect fall real estate traffic. Note, too, that this one is being offered by Gene Gordon realty, but it isn’t listed on their website.

GMAP for 66 Colgate Rd Jewett, NY

Distance from NYC: 124 miles, 2hrs 36 minutes
Built: 1890
Beds: 4
Baths: 2
Square Feet: 1,500
Land
: .93 acres
Thruway Exit: 20 at Saugerties

New Baltimore Schoolhouse Could Be Yours for $149,000

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What would you do with this temptingly priced Upstate schoolhouse for sale? It’s in New Baltimore, a lovely, historic riverfront hamlet that we’ve written about before and we really like. Public School No. 1 doesn’t offer acreage or country views, but it does offer lots of space—5,568 square feet to be exact, zoned residential, commercial and mixed use. It’s not a house now–it’s currently being used as a studio and exhibition space by a local artist—so making it one would require some investment. (I wish I could get some photos of the bathrooms. Do they have teeny-tiny elementary school toilets?)

I think it would make a great group buy among friends. We could have our little country offices/ studios, and at lunch, take a little walk to the Hudson or the nearby nature preserve. What a lovely way to live/work.

Listing Details after the jump.
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New Baltimore Farmhouse with Pasture & Pond for $253,000

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First, open house alert! Heartland Realty will be showing this pretty New Baltimore farmhouse tomorrow, July 9, from 11-2 pm.

I think this listing has a lot to offer. The main building is a spacious 1890 Center Hall Colonial revival, with four bedrooms (including one with a fireplace), two baths, and well-preserved details throughout. The kitchen looks a little tight, but the relatively roomy formal dining room and living room balance that out, and they would give you space to open the kitchen up. (Sadly, the MLS doesn’t include a floor plan.) The park-like property comes with a pond and a nice 3.4 acres, a large barn and  a 2 car garage. The lot across the street is also for sale, which would give you an additional 2.8 acres.  The house is in town, but it’s just down the road from the Hannacroix Creek Nature Preserve, which boasts “113 acres, waterfalls, scenic vistas and hiking trails.”  While some of the updates are a little too country kitsch for my tastes, the home is in “excellent” condition. I think there are a lot of ways to make this one your own, but there wouldn’t be any urgency to start renovating.

New Baltimore is a classic Hudson riverfront town, with about 3,400 residents and a ton of well-preserved, historically protected nineteenth-century homes. As it’s farther north and less commercially developed than Saugerties and Kingston’s Roundout area, it’s cheaper, too, but it has all the Hudson views and wild country access you could wish for.

Listing Details after the jump—and let us know if you go to this Open House!

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Creekside Phoenicia Farmhouse with converted barn for $469,000

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The list price on this farmhouse near Phoenicia surprised me at first glance. It’s a pretty house, but properties that seem more obviously upmarket go for less in this neck of the woods. When I looked at the listing more closely, the $469,000 made more sense. The property includes a classic red farmhouse (2 upstairs bedrooms, 2 bedrooms in the attic, country kitchen, brick fireplace) plus what the broker describes as a “Soho-style” converted barn. Recently renovated, the barn looks modern and loft-like, with high ceilings, built-ins and lots of light. The barn offers two additional bedrooms, perfect for guests or for using as a rental property. (NB: The barn’s bathroom situation isn’t entirely clear to me.) I think the property’s most winning feature, though, is the great cedar deck leading to the stream down below. The home is in “excellent” condition, with lots of surrounding space.

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