Listings like this don’t show up every day. A 3-bedroom structure set on 1.3 acres for $37,500 immediately catches attention—especially for buyers looking for space, privacy, and a project they can shape from the ground up.
Located at 867 Lippert Hollow Rd #14 in Allegany, New York, this property offers a unique opportunity for anyone ready to take on a full renovation and turn a basic structure into something personal.
A Blank Canvas in the Woods
This isn’t a move-in-ready home—and that’s exactly what makes it appealing to the right buyer.
The interior has been fully gutted, leaving behind a structural shell ready for rebuilding. That means no outdated layouts to work around and no need to undo previous renovations. Instead, you get a clean starting point to design exactly what you want.
Possible ideas include:
- A rustic cabin retreat
- A hunting or weekend camp
- An off-grid living setup
- A quiet vacation getaway
- A long-term renovation investment
It’s a project—but also a rare chance to build something tailored to your vision.
The Setting: Privacy and Nature
Set on 1.3 wooded acres, the property offers a peaceful environment surrounded by trees and open space. The area is close to Rock City Park, known for its natural rock formations and scenic views.
For buyers seeking quiet, nature, and distance from busy urban life, this type of location is a major draw.
Existing Features
Even though the home needs work, several elements are already in place:
- A covered front porch for outdoor relaxation
- A wood stove for heating and rustic character
- Reinforced floor supports in some areas
- French drains installed for improved water management
- An outhouse, supporting off-grid possibilities
These features provide a foundation to build on and reduce some of the initial setup work.
Why the Price Is So Low
A price like $37,500 reflects the condition of the property. Buyers should expect:
- Full interior renovation
- Potential updates to electrical, plumbing, and insulation
- Structural inspections before major work
- Additional costs for finishing and utilities
This type of property is best suited for:
- Investors
- DIY renovators
- Buyers looking for land + structure rather than a finished home
What to Check Before Buying
With any low-cost property, due diligence is essential. Important things to review include:
- Property boundaries and land survey
- Access to utilities (water, power, internet)
- Septic or sewage setup
- Zoning and building restrictions
- Road access and maintenance
- Estimated renovation costs
Understanding the full scope helps avoid unexpected expenses later.
The Lifestyle Appeal
For many buyers, properties like this represent more than real estate—they represent freedom. The ability to design your own space, live closer to nature, and step away from crowded environments is a powerful draw.
Whether it becomes a weekend escape or a long-term project, the value is in the potential.
Final Thought
A 3-bedroom structure on 1.3 acres for $37,500 is not about instant comfort—it’s about opportunity. With the right vision, effort, and planning, this property could be transformed into something truly unique.
Sometimes the best investments aren’t finished—they’re waiting to be built.