c.1855 5 Bedroom 4 Bath New York Italianate $199,900

With four generously sized bedrooms, two full baths, and two half baths spread across three finished levels, there’s ample room for family, guests, or a thriving hospitality business. Whether you’ve dreamed of operating a charming bed & breakfast or owning one of the area’s most distinguished private residences, this extraordinary home presents a rare opportunity. From the moment you enter the grand foyer, you’ll be captivated by the breathtaking winding staircase that sets the tone for the exquisite craftsmanship found throughout. Rich hardwood floors, soaring ceilings, intricate architectural details, and an abundance of natural light create an atmosphere of sophistication and warmth. The spacious formal living room flows seamlessly into an inviting parlor featuring custom built-in bookcases and a cozy fireplace perfect for entertaining guests or relaxing with a favorite book. Host memorable dinners in the elegant formal dining room, while the impressive walk-in butler’s pantry provides exceptional storage and preparation space for everyday living or large gatherings. Enjoy peaceful mornings and relaxing evenings on the charming screened porch, now enhanced with brand-new solid wood exterior stairs. Thoughtful updates provide peace of mind, including new windows, a high-efficiency furnace installed in 2018, and an updated water heater, allowing you to enjoy the home’s historic beauty with modern reliability. This truly remarkable Victorian is rich in character, elegance, history and endless possibilities. Whether envisioned as an unforgettable bed & breakfast or your stunning forever home, this one-of-a-kind property is ready for its next chapter. Total square footage is 5073 which includes the finished basement. Delayed Negotiations with offers due Tuesday August 11th at 3:00 p.m.

Pros

1. Very Affordable Housing & Low Cost of Living

   • Real Estate: Housing prices are significantly below both the national and New York State averages. The median home value typically hovers around $120,000–$150,000, making homeownership accessible for first-time buyers and retirees alike.

      

   • Rent: Monthly rent is notably budget-friendly compared to neighboring larger cities.

2. Convenient Location for Commuters

   • Located right along Route 31 and near the NY State Thruway (I-90), Newark provides a relatively easy commute to both Rochester (~35 miles west) and Syracuse (~50 miles east).

3. Erie Canal Access and Outdoor Recreation

   • The Erie Canal runs straight through the village, offering scenic waterfront walking trails, kayaking, fishing, and boating.

   • Proximity to the Finger Lakes region means world-class wineries, state parks, lakes, and outdoor recreation are only a short drive away.

4. Small-Town Atmosphere

   • It offers a quiet, unhurried, suburban-rural feel with low daily traffic and a short average commute time (~15 minutes).

      

5. Essential Amenities Localized

   • Unlike smaller rural hamlets, Newark functions as a commercial hub for Wayne County, featuring a local hospital (Newark-Wayne Community Hospital), essential shopping, supermarkets, and local dining options without requiring a trip into the major cities for basic needs.

Cons

1. High New York State & Local Property Taxes

   • While home purchasing prices are low, New York State property and school taxes can be high relative to home values. Property tax rates in Wayne County can take a bite out of overall housing affordability.

      

2. Limited Job Market

   • Major corporate employers and tech hubs are sparse within the village itself. Many residents commute out to the greater Rochester or Syracuse metro areas for diverse professional, corporate, or specialized career opportunities.

3. Quiet / Limited Nightlife & Entertainment

   • Nightlife, high-end dining, cultural events, and entertainment venues are minimal. If you enjoy active nightlife, major music venues, or large-scale sports, you’ll regularly need to travel to Rochester or Syracuse.

4. Harsh Upstate Winters

   • Like much of Western/Central New York, Newark experiences significant winter snowfall (averaging 50–60+ inches per year) and cold, gray winter weather that lasts from late autumn through early spring.

5. Public Transportation Dependency

   • While walking along the village main street is viable, owning a personal vehicle is essential for daily life, commuting, and reaching major retail centers.