c.1916 Affordable New York Home For Sale Under $57K
OHU50K Notes $56,500
Affordable New York Home for sale that needs some TLC. This home sits on a large 1.25 acre lot close to lots of outdoor activities.
Realtor Comments
Nestled in the quiet village of Cold Brook, this spacious two-story home offers 1, 743 square feet of classic charm and potential. The layout features a large living room, formal dining room, and a cozy den, with a convenient half bath just off the kitchen. Upstairs, you’ll find a full bathroom and three generously sized bedrooms. Set on a generous 1.25 acre lot, the property overlooks Cold Brook Creek, which runs directly through the backyard – ideal for those who enjoy nature and a peaceful setting. Just minutes from West Canada Creek, youll also have quick access to summer tubing, kayaking, and outdoor recreation. A detached garage provides extra storage or workshop space. With some attention and personal touches, this home has the potential to shine once again and become a truly special place to call home!
- 3 bed
- 1.5 bath
- 1
- Build date 1916
If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Pros of Living in Cold Brook, NY
Affordable Housing
Cold Brook boasts a median home value of approximately $117,000, significantly lower than both the New York and national averages. Renting is also affordable, with average monthly rents around $900 for a two-bedroom apartment.
Scenic Natural Beauty
Situated near the Adirondack Mountains, Cold Brook offers residents access to outdoor activities such as hiking, fishing, and skiing. The area’s natural beauty provides a serene environment for nature enthusiasts.
Family-Friendly Community
The village has a reputation for being family-oriented, with good public schools and a strong sense of community. Many families own their homes, contributing to neighborhood stability.
Low Cost of Living
Cold Brook’s overall cost of living is 18.2% lower than the U.S. average and 32.7% lower than the New York average, making it an economical choice for residents.
Cons of Living in Cold Brook, NY
Declining Population
The village has experienced a population decline of 3.8% over the past five years, which can impact community dynamics and local services .Citytistics
High Poverty Rate
Cold Brook has a poverty rate of 39.5%, significantly higher than the national average, indicating economic challenges for a substantial portion of the population.
As a small rural village, Cold Brook lacks extensive shopping, dining, and entertainment options. Job opportunities are limited, often requiring residents to commute to nearby towns or cities .
Harsh Winters
The region experiences cold winters with temperatures averaging around 20°F (-6°C), which can be challenging for those unaccustomed to such climates .
