1840 Bainbridge House on 7.48 Acres with a Private Waterfall — $79,000

There is a waterfall on this property. An actual waterfall, on Newton Creek, on land you would own. That is the thing to understand first.

The house is 184 years old, five bedrooms, three full baths, 1,954 square feet. At $79,000 that works out to roughly $40 a square foot, which is low even before you account for the acreage. The 7.48 acres sit at the end of a dead-end street in the Village of Bainbridge, so you get the quiet of a private lot with village water and sewer already in. Spectrum internet and cable are available too.

The agent description says the house needs a good amount of renovation and repair. That phrasing is doing a lot of work. This is an 1840 structure and the price reflects what it is. You should go in expecting to put real money into it, not just paint and hardware. The seller wants a cash buyer, which tells you something about what a lender would likely say.

What you are buying, when you set the house aside for a moment, is 7.48 acres on a creek with a waterfall, on a dead-end street, in a village with infrastructure already connected. That combination is hard to put together at any price, let alone this one. If the house were in good shape it would cost several times more and the land would still be the story.

The listing is thin on interior details. No photos were described, no specific room conditions, no mention of the roof, mechanicals, or foundation. Before anything else you would want a thorough inspection and a clear-eyed contractor walk-through. The bones of a project like this can go either way and the price alone does not tell you which way this one goes.

But the waterfall is real, the acreage is real, and the dead-end street is real. For someone with cash and a tolerance for a serious renovation, this is worth a look.