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For Sale

$179,900

1551 State Highway 51
Butternuts, NY 13776

Bed 5 br
Bathroom 1.5 ba
Sqft 3,182 sqft
This beautiful stone center hall French Colonial home is livable as is, but with work would sell for a whole lot more. Located one mile from Gilbertsville with a rich and colorful history and some unique architectural features. Built in 1832, This house has 7 original fireplaces, a matching stone smoke house, a well house and a 30 x 40, 3 story barn (also built about 1832), all set on just over 6 acres. The farm was home to the Thorpe family for over 130 years and was built by Edward Thorp, a driving force in the erection of the Gilbertsville Academy. The home was also the birthplace of Henry Thorp, member of the NYS legislature in 1874 and Willard Thorp, distinguished professor of Victorian Literature at Princeton University.Repairs are needed, there is a sub-box with Federal Pacific breakers which needs to be replaced. The roof needs replacement or repair, the plumbing needs updating. The barn has a broken beam that needs to be repaired. If you are looking for a period manor house, look no further. The house needs some updating and needs a new roof . The barn needs a beam replaced or resupported. Windows are original. The place is liveable as is, but could use some upgrades to bring out maximum value. Fortunately, the seller is leaving plenty of meat on the bone for value by pricing the house with the assumption that it is imperfect. This is easily a $400,000 piece of property in restored condition, being offered in current condition at $179,900.00. There is a LOT of "meat on the bone".Owner is NYS licensed Associate Broker. Read More

Market Status
Available
Last Updated
June 22, 2021

Property Type
Single Family Home
Year Built
1832
Bedrooms
5 BR
Baths
1 full BA; 1 ½BA
Central Vacuum
-
Basement
-
Heating System
Fireplace
Roof
Metal
Garage
-
Porch/Deck
-
Fireplace
-
Property Type
Residential; Single Family Detached
Additional Areas
Bedroom; Bedroom; Bedroom; Bedroom; Bedroom; Full Bath; Half Bath
Additional Features
Pond

Local Market Conditions

There are currently 307 properties for sale in the Otsego County, NY area with the average listing price of $308,537. This represents a decrease of -1.9% over the previous week. The 1 bedroom homes saw the largest decrease in the average listing price over the previous week with a -10.8% decrease. To learn more about the Otsego County, NY area, contact a local expert!

Market Snapshot for Otsego County, NY

Avg. Listing Price

$308,537

Wk ending Jun 19

$-6,036

-1.9%

w-o-w

307

30

10

5

5

Average Listing Price for Otsego County, NY
No. BedroomsNo. Beds Week Ending
(Jun 19)
w-o-w Week Ending
(Jun 12)
Week Ending
(Jun 5)
Week Ending
(May 29)
All PropertiesAll $308,537 -1.9% $314,573 $312,392 $312,007
1 bedroom1 BR $133,360 -10.8% $149,450 $98,267 $98,267
2 bedrooms2 BR $152,274 -1.6% $154,780 $150,906 $142,239
3 bedrooms3 BR $240,725 -1.1% $243,425 $240,673 $233,037
4 bedrooms4 BR $343,580 +3.2% $332,888 $330,085 $312,861

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Listing Provided By:

William Hunt

Phone
This $179,900 Single Family Home at 1551 State Highway 51 in Butternuts, NY is presented by William Hunt. This $179,900 Single Family Home, located in the 13776 zip code, has the following property features: Basement, Roof, Property Type, Pond. This 1551 State Highway 51 Single Family Home is listed under MLS listing number 125437, has 5 beds, 2 baths, and has a listing price of $179,900. You can find more Butternuts homes for sale here.

Data Provided by Otsego Delaware Multiple Listing Service

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