An historic Victorian mansion with 10-bedrooms is being sold for just $50,000 in a central New York city, but the historic property will go to the buyer with the best plan to remedy the fixer upper.
The 6,000-square-foot home spans three-stories and was once owned philanthropist James Seymour after the vintage home was built in 1861 in Auburn.
Seymour built the house at 113 North Street at the age of 70 and it was later owned by Dunn and McCarthy Shoes founder, Charles A. McCarthy.
The red brick mansion is equipped with unique features like a hand-crafted curved staircase, hardwood floors, original woodwork throughout the home, pocket doors, built-in cabinetry and four marble fireplaces, real estate agent Michael DeRosa told Fox Business.
It is also placed on nearly one acre of land and includes relics of the past, like a two-story carriage house on the property.
DeRosa said: ‘The quality of construction, style of architecture and historical significance contribute to a historic property’s value in the same way that an artist, period and provenance influence the value of a work of art.’
The mansion, complete with three bathrooms and two half baths, is the perfect home for a family looking to plants roots in the northern New York city.
However, the 158-yer-old home needs a bit of work after the home was acquired by the City of Auburn last summer through a property tax foreclosure.
The city said the mansion won’t go to the highest bidder, but the buyer who has the most comprehensive restoration plan for the property.
‘It’s not so much the buyer who offers the best price that is of importance here, it’s the buyer with the best intended use and plan to restore this mansion that really matters,’ said DeRosa.
Due to Seymour’s role as the founder of the Seymour Library and the Auburn City Hospital, the home is eligible to enter the National Register of Historic Places.
That has helped attract potential buyers to the home, according to DeRosa.
‘The house is attracting passionate historic home lovers from all over the country. It’s not only the house that’s intriguing to these buyers, it’s the beautiful historic city of Auburn that’s fascinating to them as well,’ he said
People interested in purchasing the mansion must include answers to a questionnaire with their financial offer, going into specifics about the property will be used, the buyer’s plan to restore the structure and what their intentions for the home are after it has been restored.
The exterior of the beautiful Victorian home, complete with 10-bedrooms on nearly an acre of luscious land in Auburn, New York, shows red brick intricately paired with turquoise finishing that lines the several windows and the attached porch that’s perfect for enjoying the property’s stunning greenery
The historic mansion was built 158 years ago by philanthropist James Seymour in 1861 and exemplifies the time period’s aesthetic choices, like the sharp, beacon-like rooftop edges, the octagon shaped attachment that juts out from the home’s side and the addition of a two-story carriage house behind the property
Despite the mansion’s desperate need of repair, it is equipped with stunning features, including dark hardwood floors that sprawl through the home’s main walkways, original woodwork that can be found around the residence and large windows that allow light to illuminate the space
Photos of one of the mansion’s several rooms show a bright green wall paper placed beside built-in cabinetry, that appears to be a perfect example of the home’s original woodwork features, and one of the four marble fireplaces that are placed throughout the property
This room shows off the mansion’s exquisite hardwood floors, marble fireplace, and hanging light fixture that prompted Michael DeRosa to compare the ‘quality of construction, style of architecture and historical significance’ contributing to the property’s value to a work of art
The mansion, which spans three stories and is 6,000-square-feet in size, was acquired by the City of Auburn last summer through a property tax foreclosure and they now hope to sell the Victorian residence to the buyer with the best restoration plan to bring it back to its former glory
This room contains a classic woodwork glass-front cabinet that pairs with winding trim, made out of a warmer hue of brown, placed around the room’s ceiling edge and the door frame. The fireplace is accompanied with a metal design that mimics the complicated curvatures cut into the marble
Among the many attractive lumber features, including the carved details in the cabinet, the mansion contains a hand-crafted curved staircase that was built with a dark wood and brings residents to upper levels of the fixer upper that hit the market for an astonishingly low price of $50,000
James Seymour (pictured), who built the mansion 158 years ago, also founded the Seymour Library and the Auburn City Hospital before he died, as well as became subject to a monument located at a nearby cemetery
DeRosa revealed the historic residence is eligible to enter the National Register of Historic Places, which has helped bolster the properties popularity and ‘is attracting passionate historic home lovers from all over the country’ who want to own a lasting piece of American history
The property continues to distinguish itself with distinct, unusual features like a large arched doorway that leads the mansion’s residents to one of the 10 bedrooms that have adequate space to move along the hardwood floors and raise a growing family in
People interested in purchasing the mansion must include answers to a questionnaire with their financial offer, going into specifics about the property will be used, the buyer’s plan to restore the structure and what their intentions for the home are after it has been restored