Asking Price $1000? This Once Grand Upstate New York House Still On the Market

According to Forbes, the New York State real estate listings and home sales are down in 2023. It feels as if every home in the State has been sold in the last 2 years, maybe that's the reason. Maybe mortgage rates are way too high or maybe you just haven't found the right house yet.

Take a look at this Upstate New York house currently on the market for just $1,000! Yes, one-thousand dollars. So what's the catch?

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This house, built in 1910, is located in Central New York. For the $1,000 asking price you will get a 2 story, 2,722 square foot building with 4 bedrooms, one and a half bathrooms. The home also features a fireplace, double-parlor, formal dining room, eat-in kitchen, pocket doors and original tile entry.

How is it possible to get all of this for $1,000? We didn't even mention the in-ground pool in the backyard.

This home, listed by the Greater Syracuse Land Bank, is in need of major repair and renovations.

Stunning home in need of major renovation with water damage to structure. Expect at least $200k in structural repairs before renovating house and $400-500k total renovations. - Greater Syracuse Land Bank

So, the asking price is $1,000 but you will need three quarters of a million to get this beauty back in shape. Let's take a look inside 106 Onondaga Avenue in Syracuse, NY.