Historic, Fireplace, Stone Construction, Acreage, Character Home
1903 Colebrook Schoolhouse, Stone Fireplace, Mountain Views — $89,000
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 8 | 1903 schoolhouse, stone fireplace, 5 beds, 0.56 acres, mountain views, river across street |
| Condition | 25% | 5 | Sold as-is, "TLC needed," investor language; no system dates; historic AS-IS exception applies |
| Price / Sq Ft | 15% | 9 | Listing $69/sqft vs zip median $181/sqft (62% below); 5 comps, directional but meaningful |
| Price vs. Market | 5% | 9 | $89K vs $274,814 zip median — 68% below; likely skewed by land/acreage sales |
| Market Conditions | 5% | 8 | Strong buyer's market: 54.3% price drops, 93.7% sale-to-list, 70-day median DOM |
The building started as the Mohawk School in 1903. That history is still visible in the bones of the place: the main floor is one large open room, the kind that held rows of desks, and the original stone fireplace that heated the school is still there. That fireplace alone is worth stopping for. It's the kind of thing you'd spend real money trying to recreate in a new build and still not quite get right.
The upper floor has five rooms that were used as sleeping quarters. No closets, which is worth knowing going in. The lot is 0.56 acres, level, with garden space. The Mohawk River runs along the other side of Route 26, and there are mountain views from the property. For $89,000 in rural New Hampshire, that's a lot of land and a lot of sky.
The price context is stark. The zip median is around $275,000. At $69 per square foot versus a zip median of $181, this is priced well below the surrounding market, though that comparison is directional since land and acreage sales can skew those numbers. Still, the gap is wide enough that it's meaningful even with noise in the data. It's a strong buyer's market up here too, with over half of listings taking price cuts and homes sitting around 70 days.
Now the honest part: this place needs work, and the listing doesn't say how much. It's sold as-is. No ages on the well, the septic, the roof, or any mechanical systems. You'd want to get into the building and look carefully before committing, because the scope of what's needed is genuinely unknown from the listing. The price probably reflects that uncertainty.
What the price makes possible is a historic structure with real character, acreage, river views, and five upstairs rooms for a family or guests, in a part of New Hampshire that's genuinely remote. If you have the patience for a renovation and the appetite for some unknown costs, this is a rare kind of purchase at a price that doesn't come around often for what the building actually is.
