Inside the 10-bedroom CASTLE on sale in New York for just $ 100,000
Now YOU can live out your own royal fantasy without breaking the bank with an inexpensive castle for sale in New York City.
Available for just $ 99,900, the property includes 10 bedrooms and four bathrooms.
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The castle was built in 1900 and has 41 rooms and several fireplaces, as listed on Zillow.
It is located on a large lot with a huge barn in Elmira, New York.
The property has Gothic influences and many rooms with their original character.
You will also be able to enjoy the original lightings and the massive open curved staircase.
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What help is available for first-time buyers?
Gaining on the property ladder can seem like a daunting task, but there are programs available to help first-time buyers. Below we collect the main options:
Federal Housing Administration (FHA) Loans: The Federal Housing Administration (FHA) manages the FHA loan program. This can be a good mortgage choice if you are a first-time buyer, as the requirements are not as stringent as with other loans.
Homeownership vouchers: The program offers grants to be used to buy a home to low-income Americans who are first-time buyers. For more information, contact your local public housing agency (PHA).
Good neighbor next door: Some teachers, rescuers and law enforcement officers can take advantage of the Good Neighbor Next Door program. It offers 50% discount on selected properties. In return, you must commit to living in the property for at least 36 months.
State programs: Many state housing authorities offer assistance in the form of combination closing cost and down payment assistance programs with favorable mortgage rates. To find out what is available to early adopters in your area, contact your state directly.
The cheap price can be explained by the necessary renovation work, which will be expensive, but the restoration work has already started.
For example, a new electrical service was added, as well as a new rubber roof and two boilers deemed to be energy efficient.
Some rooms have also been gutted and are ready for drywall, a material used to create walls and ceilings.
If you want to live in the castle, be sure to factor the renovation costs into your budget, as you cannot currently live there.
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The property was shared by the Twitter account Zillow gone wild recently, and he’s been racking up likes and comments from awestruck followers.
Others pointed out that the property must be haunted and said they wouldn’t dare to live there.
One Twitter user said, “I would live 100% as is.”
While another added: “It probably takes seven priests to come and bless the place before you even think about moving in.”
And a third wrote: “It’s a purchase, which would probably cost half a million or more to refurbish it and pass an inspection. It would be worth a lot then.”
Plus, a fourth simply said, “I need $ 99,000 QUICKLY. “
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Meanwhile, see a massive 1890s water tower transformed into a four-bed house for sale in California.
We also rounded up six family size homes under $ 50,000 where first-time buyers only need a down payment of $ 1,750.
