Affordable Fixer-Upper With 3 Bedrooms, 1 Bath and Over 1,400 Square Feet

An Opportunity for Buyers, Investors, and Renovators

 

 

Finding an affordable single-family property with substantial living space and room for improvement can be challenging, especially for buyers who are looking for a project with long-term potential. This three-bedroom, one-bath home in the Herkimer area offers an opportunity to take an existing property and transform it according to your own vision.

With approximately 1,431 square feet of interior living space, a 0.68-acre lot, public water, an existing septic system, and convenient access just off Route 5, this property provides several characteristics that may appeal to investors, contractors, first-time buyers, and experienced renovators.

The home is being sold in As-Is condition, and the seller has limited knowledge regarding the property’s condition. Buyers should perform their own inspections and due diligence before purchasing.

For those comfortable with renovation projects, the property offers a blank canvas. The existing layout includes three bedrooms, one full bathroom, an eat-in kitchen, a separate living room, natural woodwork, a full basement, and an open porch. These features provide a foundation for creating a comfortable residence while preserving some of the home’s historic character.

A short-term seller financing option is also reportedly available, which may provide another avenue for qualified buyers to explore.

A Property With Plenty of Living Space

One of the most attractive aspects of this home is its approximately 1,431 square feet of interior living space.

For a three-bedroom property, this amount of space provides flexibility for different household needs. The home could potentially accommodate a traditional family layout, a home office, hobby space, guest room, or other uses depending on the buyer’s renovation plans and applicable regulations.

The property has two bedrooms on the main level, while the third bedroom provides additional space for occupants or guests.

The existing floor plan includes several traditional rooms, including an eat-in kitchen and separate living room. This type of layout can be appealing to buyers who appreciate the character of older homes while still wanting enough square footage to create modern functionality.

Because the home is classified as a fixer, the buyer should view the existing layout as a starting point rather than a finished product.

 

 

Historic Character and Natural Woodwork

Built in approximately 1940, the property has historic and antique architectural characteristics.

Older homes can offer details that are difficult to reproduce in newer construction. The listing specifically identifies natural woodwork as one of the interior features.

Depending on its current condition, existing woodwork could potentially become one of the property’s defining characteristics following renovation.

The combination of natural wood details, hardwood flooring in some areas, traditional room proportions, and the home’s overall architectural style could provide an attractive foundation for a renovation project.

For buyers interested in preserving character, there may be opportunities to incorporate original details into a more modern interior design.

At the same time, buyers should have realistic expectations regarding the work that may be required. The property is explicitly listed as a fixer and is being sold as-is.

Three Bedrooms for Flexible Living

The home includes three bedrooms and one full bathroom.

Two bedrooms are located on the main level, providing convenient access for occupants who prefer single-level bedroom arrangements.

The third bedroom adds additional flexibility.

A three-bedroom home can appeal to a broad range of buyers because the additional room can serve purposes beyond sleeping accommodations.

Depending on individual needs and local requirements, one room could potentially become:

• A home office
• A guest bedroom
• A hobby room
• A study
• A children’s room
• A fitness area
• A storage or organization space

The existing configuration should be evaluated by the buyer before any changes are planned.

Eat-In Kitchen With Renovation Potential

The property features an eat-in kitchen.

An eat-in kitchen can provide a practical everyday dining area without requiring a separate formal dining room.

For a renovation-minded buyer, the kitchen may also represent one of the most interesting areas for improvement.

A future renovation could potentially focus on cabinetry, countertops, lighting, flooring, appliances, storage, and overall layout.

The listing indicates that a gas water heater is included, while the kitchen itself provides an existing foundation for future improvements.

Because this is an as-is property, buyers should inspect plumbing, electrical systems, appliances, walls, ceilings, flooring, cabinetry, and other components before developing a renovation budget.

Separate Living Room

The home also includes a separate or formal living room.

This provides a dedicated gathering area that could become the central social space of the residence.

The room’s existing natural character may work well with a renovation approach that combines traditional architectural details with contemporary furniture and lighting.

The presence of hardwood and carpet flooring in different areas gives future owners several possibilities depending on their design preferences.

Some buyers may choose to refinish existing hardwood where appropriate, while others may install new flooring throughout the home.

Fireplace Adds Character

The property includes one fireplace.

A fireplace can serve as both an architectural focal point and a decorative feature.

Before using any fireplace, buyers should have it professionally inspected to determine its condition, safety, code compliance, and whether it is suitable for use.

If the fireplace is not currently operational, it could potentially remain a decorative element depending on its condition and local requirements.

Full Basement for Storage and Potential

Another useful feature is the property’s full basement.

A basement can provide valuable storage space that is not always available in similarly priced homes.

The basement could potentially accommodate organized storage, workshop space, mechanical equipment, or other uses, subject to its condition and applicable building regulations.

For a renovation project, the basement also provides an opportunity to inspect important structural and mechanical components.

Buyers should pay particular attention to moisture, drainage, foundation conditions, electrical systems, plumbing, insulation, and ventilation.

Because the property is being sold as-is, a professional inspection is especially important.

A 0.68-Acre Lot

The home sits on approximately 0.68 acres.

This is a meaningful amount of land for a property located near a major route.

The lot is described as rectangular and rural, with approximate dimensions of 273 by 108 feet.

The additional outdoor space can provide room for landscaping, gardening, outdoor seating, recreational activities, or other improvements, subject to local zoning and property regulations.

A larger lot can also contribute to privacy compared with properties situated on smaller urban parcels.

Potential buyers should verify property boundaries, setbacks, easements, access, and permitted uses before planning any new construction or major exterior improvements.

Outdoor Porch and Property Potential

The property includes an open porch.

A porch can become a valuable lifestyle feature after renovation.

A future owner could potentially create an inviting outdoor sitting area with comfortable furniture, lighting, planters, and other improvements.

The surrounding land provides additional opportunities to develop an outdoor environment that complements the home’s rural setting.

Because the property has not been presented as a fully renovated residence, the buyer has an opportunity to determine the style and priorities of the improvements.

Convenient Location Near Route 5

Location is another important factor.

The home is situated just off Route 5, providing convenient access to the surrounding area.

For commuters, workers, families, and investors, proximity to a major road can be an important consideration.

The property is located in the Herkimer region, offering a balance between a rural residential setting and access to transportation routes.

Potential buyers should evaluate driving times to their preferred workplaces, schools, shopping destinations, healthcare facilities, restaurants, and recreational locations.

Public Water and Septic System

The property has connected public water and a septic tank.

This combination provides an established utility setup while maintaining a residential environment outside a traditional municipal sewer system.

Buyers should verify the condition, age, capacity, maintenance history, and compliance of the septic system.

A septic inspection and, where appropriate, a septic evaluation should be part of the buyer’s due diligence.

The listing also indicates that electricity is available and water is connected.

These existing utilities can be valuable considerations when evaluating a renovation project.

 

 

A Potential Project for Investors

The property may appeal particularly strongly to real estate investors who understand renovation projects.

A fixer-upper can provide opportunities to improve a property’s condition and potentially increase its marketability.

However, successful renovation investing requires careful financial analysis.

Before purchasing, an investor should estimate:

• Acquisition costs
• Renovation expenses
• Contractor costs
• Materials
• Permits
• Utility upgrades
• Septic work if necessary
• Roofing or exterior repairs
• Plumbing improvements
• Electrical upgrades
• Heating costs
• Insurance
• Property taxes
• Financing expenses
• Holding costs
• Potential resale value

The property’s low stated price per square foot may attract attention, but the price alone should never be used as a substitute for a professional inspection and detailed renovation budget.

Seller Financing Possibility

According to the listing, short-term seller financing options may be available.

This could provide another potential financing avenue for qualified buyers.

Seller financing arrangements can vary considerably, so prospective buyers should request complete terms in writing.

Important considerations may include the down payment, interest rate, loan term, payment amount, collateral, closing costs, and repayment requirements.

Buyers should consult an appropriate financial or legal professional before entering into any financing arrangement.

As-Is Sale Requires Careful Due Diligence

The property is being sold as-is.

This is one of the most important considerations for any prospective buyer.

The seller has indicated that they have no knowledge regarding the property’s condition.

As a result, buyers should not assume that major systems are functioning properly simply because they are present.

A thorough inspection may include evaluation of:

• Roof
• Foundation
• Structural components
• Electrical system
• Plumbing
• Heating system
• Septic system
• Water supply
• Windows
• Doors
• Flooring
• Walls
• Ceiling
• Basement
• Fireplace
• Exterior siding
• Drainage
• Lot conditions

The cost of inspections is generally small compared with the potential cost of discovering major defects after closing.

A Blank Canvas for Renovation

One of the strongest characteristics of this property is its potential to become something completely different from its current condition.

A buyer with the right vision could approach the renovation in stages.

The first stage could focus on safety and essential systems.

The second could address the kitchen and bathroom.

The third could improve flooring, paint, lighting, and finishes.

The final stage could focus on landscaping, outdoor living, and cosmetic improvements.

A staged renovation strategy can allow buyers to prioritize the improvements that provide the greatest practical value.

The exact approach will depend on inspections, available financing, local regulations, and the buyer’s goals.

Possible First-Time Buyer Opportunity

Although the home needs work, its three-bedroom configuration and substantial living area could potentially appeal to buyers willing to renovate gradually.

Instead of purchasing a completely finished property, a buyer may have the opportunity to create a home over time.

For someone with renovation experience, this can be appealing.

However, buyers should carefully evaluate financing requirements because some lenders may have additional standards for properties requiring significant repairs.

The listing indicates cash and other terms, while seller financing may also be available.

Financing availability should be confirmed directly with the lender and seller.

Potential Long-Term Value

Real estate value is influenced by numerous factors, including location, condition, comparable sales, land characteristics, local demand, and broader market conditions.

A property that requires renovation can sometimes offer an opportunity to improve value through strategic upgrades.

However, no future appreciation or investment return is guaranteed.

The best approach is to evaluate the property based on current facts and realistic renovation costs rather than relying on speculative future gains.

Property Features at a Glance

• Approximately 1,431 square feet
• Three bedrooms
• One full bathroom
• Approximately 0.68 acres
• Built around 1940
• Historic/antique architectural style
• Fixer-upper condition
• Eat-in kitchen
• Separate living room
• Natural woodwork
• Hardwood and carpet flooring
• Full basement
• One fireplace
• Open porch
• Shared driveway
• No garage
• Public water
• Septic tank
• Electricity available
• Composite siding
• Pitched shingle roof
• Rural rectangular lot
• Located near Route 5
• Potential short-term seller financing
• Sold as-is

Who Might Be Interested in This Property?

This property could attract several types of buyers.

A contractor may see an opportunity to complete the work efficiently.

An investor may evaluate the property as a potential renovation project.

A buyer with construction experience may appreciate the chance to create a customized home.

A first-time buyer comfortable with improvements may see an opportunity to enter the market at a lower acquisition price.

Someone looking for a rural property with a larger lot may also find the property appealing.

The important point is that this is not a traditional move-in-ready home. It is a project with potential.

A Practical Renovation Strategy

For buyers considering this property, a structured renovation plan could make the project easier to manage.

Start with safety.

Inspect the foundation, roof, electrical, plumbing, heating, and septic system.

Next, determine which systems require immediate replacement or repair.

After the major systems are addressed, attention can move toward the interior.

Kitchen improvements, bathroom updates, flooring, paint, lighting, and trim can dramatically change the appearance of an older home.

Finally, exterior improvements can enhance curb appeal and create a more enjoyable outdoor environment.

The exact order should be determined by qualified contractors and inspectors based on the property’s actual condition.

Final Thoughts

This three-bedroom, one-bath home in the Herkimer area represents an opportunity for buyers who are willing to look beyond its current condition and see what it could become.

With approximately 1,431 square feet of living space, a 0.68-acre lot, a full basement, eat-in kitchen, separate living room, natural woodwork, fireplace, porch, public water, septic, and convenient access just off Route 5, the property offers several useful fundamentals.

Its fixer-upper condition means substantial work may be necessary, and the as-is sale makes thorough due diligence especially important.

At the same time, those characteristics create the opportunity for a buyer to renovate according to personal preferences and budget.

Whether approached as a primary residence, renovation project, investment property, or long-term real estate opportunity, the home provides a substantial amount of space on a sizable rural lot.

For buyers who understand renovation costs and are prepared to invest time, planning, and resources, this property could become a comfortable home with its own character and style.

The combination of three bedrooms, over 1,400 square feet, nearly three-quarters of an acre, existing utilities, and convenient road access makes this an interesting property for anyone searching for an affordable real estate project in the Herkimer area.

As with any fixer-upper, the key is careful research. Inspect the property, verify utilities, review the septic system, understand the financing terms, estimate renovation costs, and make an informed decision based on your individual goals.

For the right buyer, this may be more than an inexpensive house. It could be a chance to take an older property, restore its useful features, add modern improvements, and create something uniquely your own.

 

 

Listed on Zillow