They say that not everything that glitters is gold. But this house definitely pique’s some interest. The price and location are good. It’s only a few doors down from National Historic Landmark, the Dutch Reformed Church and it’s in the MGL neighborhood. Surely photos exist that show the original condition of the exterior. The listing says that it is a foreclosure and that there is still a lot of original woodwork in place. They also say there is a roof leak that has only done damage to one room, and that the property has river views. This place seems worth a look if you have the money. There is also parking.
I did a little bit more digging and found another listing with fuzzy pictures that aren’t that flattering. It basically needs a new bathroom and kitchen amongst other things. But for a home built in 1890 you know that you are going to have to put a lot work into a place; even more so if it wasn’t cared for. If I remember correctly, the house to the left was on the market a while back. I don’t remember the exact number, but I am almost certain it was more than $100k for the place. Whoever gets this home will be in the vicinity of homes that are on the market for $200-$300k. Check out the following link to see more examples of Newburgh Real Estate.
My husband and I almost bought this house a year ago when it was in pre-forclosure – then they were asking $235k! The roof leak actually happened during our exploration of the house. It just wasn’t being cared for at the time, a shame – it easily could have been prevented. There are a lot of unique qualities about this house. The location, the river views, the historic woodwork. Yes, it needs quite a bit of interior work. My husband has his own construction business, to our advantage.
The first floor bathroom is gutted, the kitchen on the 2nd floor looks like it could be used just fine. The first floor needs the most work.
The parking is questionable. You would have the right to use the driveway, but whoever manages the apartment building in the back said that we wouldn’t. Checking with the city first would be wise…
We really wanted a multi-family, and felt that the split would be awkward. Currently, it’s the top 3 floors as one, the basement as the other. It would be great for a larger family – there are a lot of rooms.
So it must have been this house I was thinking of for over $100k. Thanks for your insight!