What Houses Cost in Sullivan County
The following are very general price guidelines
for the types of houses most second home buyers are looking
for. The prices are based on houses that are in quiet, country
settings (with the exception of "In Town Charm, below)
and not on main roads. There are less expensive houses for sale
here, but they either generally aren't the type of house
a second home buyer is looking for, are on busy roads or aren't
in particularly attractive settings. (Updated
July, 2006).
Of course, there are a lot of variables that go
into a property's value, so take these as rough guidelines.
But if you asked a dozen Realtors here in Sullivan County, they'd
probably agree that these are pretty close. I haven't included
every possibility, like renovated barns, riverfront houses,
townhouses/condos and in-town "uncharming" houses.
The bottom line is that you probably aren't going to find a
farmhouse in "move-in" condition in a quiet country
setting for under $200,000. But that doesn't mean you can't
find an attractive getaway here for a moderate price. Younger
(mid-30's) second home buyers who really want the country charm
and farm thing, but have a modest low to mid $200K budget, may
want to look further out beyond the 3 or 3 1/2 hour circle from
NYC into the western and northern reaches of Delaware County.
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The
Farmhouse. $400,000 to $750,000, depending on size
and amount of acreage, in good condition. Farmhouses with
large acreage (80+) can sell for more. At the lower end of this range, you're looking at smaller houses, about 1,200 to 1,500 sq. ft., with 1 bathroom.
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The
Farmhouse Fixer-Upper. $250,000 to $350,000 with up
to 10 acres to $400,000 to $800,000 with 30 to 100 acres.
(And I mean "fixer upper", typically requiring
structural or systems work is addition to cosmetics.)
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Larger
Classic Ranch or Cape. $275,000 to $375,000 with 3
or 4 bedrooms on 5 to 15 acres. 1,600 to 2,400 sq. ft.
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Small
60's or 70's Era Ranch-Style. $175,000 to $250,000
on 2 to 10 acres. 2, possibly 3 bedrooms, under 1,200
sq. ft.
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Log
Homes. $275,000 (for smaller, 1,200 sq. ft. on 2 wooded
acres) to $650,000 or more for larger, 2,500 to 3,000
sq. ft. on larger acreage or with views or a pond.
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The
Cabin. $250,000 to $350,000 for 1,000 to 1,500 sq.
ft. on a private 5 to 10 acre wooded parcel. Rustic or
more contemporary styles. Can be tough to find in the
low end of this range, from $250K to $300K.
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Private
Lakefront. $525,000 to $1 million on a 2 to 5 acre
lakefront lot with 200 to 300 ft. lake frontage (with
higher prices for Chapin Estate.) More information on
Sullivan County lakefront property.
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Lakefront
in Newer Community. $450,000 to $700,000. 1/2 to 1
acre lot, 90 to 140 ft. lake frontage. Nice settings,
but not totally private.
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Traditional
Lakefront $350,000 (for a small cottage under 1,000
sq. ft.) to $500,000 for a larger cottage. Small lots,
close neighbors.
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Non-Lakefront
with Lake Rights. $275,000 to $375,000 in a
newer community on a 1-5 acre lot; $150,000 to $225,000
in an older community like Mohican Lake or Smallwood (on
1/4 to 1/2 acre); $125,000 to $150,000 for a small (under 900
sq. ft.) cottage on a 1/4 acre lot in Smallwood. Best
value is in a lake community like Emerald Green with great
amenities but a more 'suburban' feel than some more rustic
areas.
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In-Town
with Charm. $175,000 for a smaller house to $350,000
for a larger Victorian with nice detailing. On smaller,
town-sized lots. (Less expensive in Village of Liberty
due to higher taxes).
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Contemporary
in the country. $325,000 to $400,000 on 5 to 10 acres,
depending on size, style and setting. 1,600 to 2,400 sq.
ft. Dramatic, architect-designed modern houses (in contrast to more traditional contemporary styles), which are still quite rare here, can fetch substantially higher prices.
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"To
Die For" Cute in the Country. $350,000 to $500,000.
Craftsman or Adirondacks style, original detailing and
stone work, nice setting. 3 to 10 acres, with a stream
or pond.
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"Suburban
country" $250,000 to $350,000. Newer, vinyl-sided
splits, colonials and capes on 5 to 10 acres. These can
be great values, for the amount of square footage and
acreage for the price.
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