532 3rd Ave, Troy, NY 12182
Is this seven-bedroom, 4.5-bath mansion on half an acre under $35,000 too far gone? Apparently, the realtor and Troy Fire Department Battalion Chief, Dave Paul, think the Victorian home located in the Lansingburgh section of Troy, NY, is salvageable. According to the Troy Record, “The blue single-family house, built in 1885, was salvageable, said Paul, although it would be expensive due to its size. The half-acre property was listed on the city’s 2014 tax roll with an assessed value of $184,000.”
I’m thinking that it would take far more than its assessed value to restore. However, in 2011 it was up for sale at $279,000. Take a look here at the once beautiful paneling, French doors, three-season room, multiple fireplace mantels, front and rear staircases and built-in oak floor-to-ceiling cupboards in the butler’s pantry. Sadly, now the roof is gone, windows shattered, water damage, severe fire damage…the list goes on. See more photos of the destruction by clicking here. It’s a shame, especially considering that the post-2015 Christmas day fire was ruled an arson.
As per the realtor: “Here’s a real one of a kind opportunity, own your own mansion. Although it has suffered fire and water damage. Bring your 203k and bring this wonderful place back to its glory. Incredible sized lot in a great neighborhood.”
See full listing here for mansion under $35,000.
I am not a realtor. If interested in this property, contact Harold Baldwin with CKM TEAM REALTY.