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Saturday 26 November 2022
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Historic Syracuse Home Restored to Luxury Condos

Clean exterior home during late spring seasonA home that was built more than 100 years ago in the city of Syracuse was recently restored and now has four separate condominiums up for sale. On Sunday, Nov. 22, the historic Babcock Shattuck House, located near Syracuse’s Westcott neighborhood, was opened to the public to show off the restoration efforts on the Queen Anne style home saved by preservationists, according to Syracuse.com.

The house was vacant for the past 20 years and was saved from demolition and restored in a two-year, $1.4 million project by the nonprofit University Neighborhood Preservation Association. The group decided to divide the house into four condominium-style units, which are each up for sale separately.

“Our vision was to create another type of home ownership opportunity,” said David Michel, President of the Association. “It was a great location near the Westcott business district.”

Three of the units are being sold by the association, while one is through a private owner. All of the prices on the units have even been significantly reduced in an effort to fill them as quickly as possible.

Three of the units are two-stories: one with one bedroom and one bathroom, and the other two with two bedrooms and two bathrooms. The fourth unit is a one story, one bedroom and one bath condo. The condos range in price from $159,900 to $239,900. One of the sections even features a second story balcony porch.

On average, about 45 million people move every year, but choosing this historic building may make moving in even easier. One of the units already has all appliances installed, and Michel has promised to provide any buyers with a $5,000 grant towards appliance purchases should they buy one of the other three. There are also potential tax benefits that interested buyers should be aware of.

For starters, owners will be eligible for a residential historic tax credit worth about $48,000 as well as partial property tax exemptions on any increase in the property’s tax assessment attributable to the restoration.

The unique units are expected to be a rare find in a city that doesn’t feature many high-end luxury-style condos.