{"id":6614,"date":"2012-03-16T15:10:32","date_gmt":"2012-03-16T19:10:32","guid":{"rendered":"http:\/\/upstater.com\/?p=6614"},"modified":"2012-03-19T14:13:48","modified_gmt":"2012-03-19T18:13:48","slug":"five-figure-fridays-slim-pickings","status":"publish","type":"post","link":"https:\/\/upstater.com\/five-figure-fridays-slim-pickings\/","title":{"rendered":"Five Figure Fridays! Slim Pickings"},"content":{"rendered":"

This week’s featured city, Olivebridge, doesn’t have much available for five figures, so we’ve made like a realtor and defined “vicinity” pretty loosely.\u00a0 Can it be that we’re reaching the end of a finite supply of cheap properties?\u00a0 Or is Reclaimed Home right to debate whether Upstate is as much of a buyer’s market<\/a> as it is reputed to be?<\/p>\n

Let’s see what we’ve got at the bottom of the barrel.\u00a0 First up, an adorable, tiny cabin on Panther Kill Road in Phoenicia:<\/p>\n\"\"\n

The listing may be overstating things somewhat with “enchanting,” but it’s certainly button-cute.\u00a0 A woodsy location off Woodland Valley Drive, convenient to central Phoenicia and the Esopus, it’s got its own scenic creek.<\/p>\n\"\"\n

Seems perhaps a little dear at $99k on just half an acre, but your mileage may vary.\u00a0 If you’re intent on the area, this looks pretty turnkey – the realtor even offers a detailed rental history for those looking to defray costs.<\/p>\n

34 Pantherkill Road<\/span> (Village Green<\/a>) GMAP<\/a>
\nPrice<\/span>: $99,000
\nBeds<\/span>: 1
\nBaths<\/span>: 1.5
\nSquare Feet<\/span>: 400
\nYear Built<\/span>: 1950
\nTaxes<\/span>: $5,632
\nAcreage<\/span>: 0.50
\nFeatures<\/span>: Creekside, rental history<\/p>\n

 <\/p>\n

Next is a property I saw in person two years ago, when I followed a hand-lettered cardboard sign down a tiny road south of the Ahokan Reservoir.<\/p>\n\"\"\n

Okay, yeah, no.\u00a0 It’s not cute.\u00a0 Except in kind of an ugly-puppy-at-the-pound kind of way.\u00a0 But in person it was surprisingly palatable – I found myself thinking “if this was cheap enough, it would be totally liveable as a low key weekender.”<\/p>\n\"\"\n

It’s up to you to decide if $47,500 constitutes “cheap enough.”\u00a0 I’m guessing not quite yet.\u00a0 It advertises a nice 3 acres, but that doesn’t take into account a precipitous dropoff that renders 2\/3 of the land unbuildable.\u00a0 And, at least as of two years ago, the across-the-street neighbors like to store stuff in their yard.\u00a0 Lots of stuff.\u00a0 There is a camping trailer on site, which would usually be catnip for me, but this one is a haul-away.<\/p>\n

Still, the location is stunning, the “corporate owner” is offering seller financing, and it’s under $50k.<\/p>\n

6 Birch Knoll Ln<\/span> (Daniel Winn<\/a>) GMAP
\n<\/a> Price: $47,500
\nBeds<\/span>: 2
\n<\/span>Baths: 1<\/span>
\nTaxes<\/span>: $5,710
\nYear Built<\/span>: 1970
\nAcreage<\/span>: 3.0<\/p>\n

 <\/p>\n

The question of affordable lakefront property<\/a> has been raised this week.\u00a0 Five Figure Fridays would like to submit:<\/p>\n\"\"\n

A 1.2 acre parcel that owns the south end of Pinebush Lake in Pine Bush, for just $30,000.\u00a0 Drop in an $80,000 weeHouse Studio<\/a> and you’re lakefront for just a little over our $100k threshold.<\/p>\n\"\"\n

All right, if I’m being honest, Pinebush Lake looks a little… swampy.\u00a0 Pond-ish, perhaps.\u00a0 And of the listed 1.2 acres, it looks like a good 1\/2 of it is actually lake.\u00a0 But if you want lakefront for cheap, 90 minutes outside Manhattan, this may be worth a look.<\/p>\n

Forest Glen Road<\/span> (Cherrytown<\/a>) GMAP
\n<\/a> Price: $30,000<\/span>
\n<\/span>Acreage<\/span>: 1.2<\/p>\n

 <\/p>\n

Last, and definitely least (appealing), we have a Five Figure Fridays first – a property that is being featured as a cautionary tale of what a bad idea low-priced real estate can be:<\/p>\n\"\"\n

Actually pretty decent, right?\u00a0 I know, it looks modestly promising.\u00a0 Nice woods, cute cabin, secluded setting…\u00a0 listing says “IN NEED OF A FIX ME UP.”\u00a0 Hmm, okay, then again it’s only $19,900 so there’s headroom.\u00a0 “TARP ON PART OF ROOF.”\u00a0 Uh-oh.\u00a0 I wonder if there’s been damage.<\/p>\n\"\"\n

Yup, there’s been damage.\u00a0 The moldy roof has fallen in.\u00a0 Well, if it’s just in one spot, maybe it’s okay.\u00a0 As long as it’s not all through the whole house.<\/p>\n\"\"\n

It’s through the whole house.\u00a0 I’m starting to itch just looking at these pictures.\u00a0 But, even if the whole thing needs gutting, maybe the foundation is solid, right?<\/p>\n\"\"\n

Ah-ha.\u00a0 I see.\u00a0 I guess not, then.\u00a0 With hilariously expressive capitalization, the listing eventually fesses up: “WOULD MAKE A GREAT LOCATION FOR A NEW CABIN as this one may need to come down.”<\/p>\n

You don’t say.<\/p>\n

When all is said and done, you’re left with a single acre for almost $20k, with almost $6k in yearly taxes and a moldy demolition project.\u00a0 Sometimes, saving money just doesn’t seem worth it.<\/p>\n

48 Pine Grove Road<\/span> (via Zillow<\/a>) GMAP
\n<\/a> Price<\/span>: $19,900
\nBedrooms<\/span>: 2*
\nBathrooms<\/span>: 1*
\nSquare feet<\/span>: 900
\nAcreage<\/span>: 1.0
\nTaxes<\/span>: $5,904
\nFeatures<\/span>: Unlimited DIY experience!<\/p>\n

* – not habitable<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This week’s featured city, Olivebridge, doesn’t have much available for five figures, so we’ve made like a realtor and defined “vicinity” pretty loosely.\u00a0 Can it be that we’re reaching the end of a finite supply of cheap properties?\u00a0 Or is Reclaimed Home right to debate whether Upstate is as much of a buyer’s market as […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,135,102],"tags":[87],"yoast_head":"\nFive Figure Fridays! Slim Pickings - Upstater<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/upstater.com\/five-figure-fridays-slim-pickings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Figure Fridays! Slim Pickings - Upstater\" \/>\n<meta property=\"og:description\" content=\"This week’s featured city, Olivebridge, doesn’t have much available for five figures, so we’ve made like a realtor and defined “vicinity” pretty loosely.\u00a0 Can it be that we’re reaching the end of a finite supply of cheap properties?\u00a0 Or is Reclaimed Home right to debate whether Upstate is as much of a buyer’s market as […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/upstater.com\/five-figure-fridays-slim-pickings\/\" \/>\n<meta property=\"og:site_name\" content=\"Upstater\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Upstater\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-16T19:10:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2012-03-19T18:13:48+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/upstater.com\/wp-content\/uploads\/2012\/03\/Pantherkill1.jpg\" \/>\n<meta name=\"author\" content=\"RJ Tolan\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RJ Tolan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/upstater.com\/five-figure-fridays-slim-pickings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/upstater.com\/five-figure-fridays-slim-pickings\/\"},\"author\":{\"name\":\"RJ Tolan\",\"@id\":\"https:\/\/upstater.com\/#\/schema\/person\/1e5bc4dcb950b47f6cdfa98e2d5e917b\"},\"headline\":\"Five Figure Fridays! 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