c.1900 Five Bedroom New York Handyman Special With High Ceilings, Original Woodwork Under $90K
OHU50K Notes $89,900
c.1900 Five Bedroom New York Handyman Special With High Ceilings, Original Woodwork. The whole street is full of beautiful historic homes with lovely architecture. Located on a quarter acre.
Realtor Comments
This stately older home is located in Norwich’s Museum District. This spacious home offers endless potential for those ready to bring it back to its full glory. With generous room sizes, high ceilings and lots of original woodwork, this is the ideal home for buyers who love classic architecture and the opportunity to make it their very own. The home features a first floor bedroom which could make a nice home office and four additional bedrooms on the second level. The first level also has a formal dining room, a foyer entry room, kitchen and a bath. A partially finished basement has a gathering room with a bar with a wet sink and it’s own half bath. Set on a large private lot with a back patio and deck this property is within walking distance from downtown shops and local restaurants. This is a great home for investors looking for their next project or a homeowner with a vision for restoration. Bring your ideas and imagination because this home is just waiting to shine once again as a jewel in this already established revitalization district!
- 5 bed
- 1.5+bath
- Build date 1900
12 Rexford St, Norwich, NY 13815 $89,900
- Contact Realtor: Kimberly J Coombs
- Google Map
- Niche
Pros
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Affordability
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Housing costs are quite low: the median home value is roughly $155,000 in Norwich.
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The overall cost of living index is about 95 (with 100 = U.S. average), making Norwich about 5% cheaper than average.
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Rental prices are also modest: average rent around $950/month (though that may vary).
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Small-town/rural character
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Norwich offers a slower pace compared to big metro areas, which can be appealing if you like less congestion and more space.
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The surrounding region (Chenango County) has natural scenery and open space, good for outdoor time.
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Reasonable commute & traffic for smaller jobs
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Median commute time is modest (in the data: ~14.4 minutes) in Norwich.
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If you don’t need a big-city job every morning, this can be a perk.
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Cons
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Economic challenges / income & poverty
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Median household income is about $51,713.
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The poverty rate is ~19% in the city.
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Population is declining: for example a 5-year drop of ~6.5% in one metric.
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These indicate more limited economic growth compared to higher-growth regions.
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Limited amenities & job market may be smaller
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Being smaller and more rural means fewer large-employer options, fewer specialized services, fewer entertainment/shopping options than a large metro.
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If your career depends on high-growth industries or you require a wide variety of amenities, you may find trade-offs.
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Housing & population factors
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Homeownership rate is relatively low (~42% in recent data) in Norwich.
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The population is primarily White (~87.6% per latest data) and less diverse than some places.
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Some neighborhoods may have challenges (infrastructure, services) typical of older small-towns.
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Weather & rural location trade-offs
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Norwich is in upstate New York, which brings winter weather, snow, perhaps longer winters than milder climates.
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Rural roads, fewer public transport choices; you’ll likely rely on a car.
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If you’re used to big-city lifestyle, lots of nightlife, dense amenities, you might feel limited.
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