21 Lancaster Street: A 3,382 Sq. Ft. Italianate Masterpiece with B&B Potential

Experience the quintessential Upstate New York lifestyle in this majestic 1850 Italianate residence. Located in the historic heart of Cherry Valley, 21 Lancaster Street is a masterclass in mid-19th-century architecture, blending original Victorian elegance with modern, energy-efficient infrastructure.

Priced at $275,000, this sprawling 5-bedroom estate offers a rare “turnkey” opportunity for a large family or an entrepreneur looking to launch a boutique Bed & Breakfast just minutes from Cooperstown and Sharon Springs.

Property Investment Profile

• Price: $275,000 (Approx. $81/sq. ft.)

• Living Area: 3,382 sq. ft.

• Bedrooms: 5 Spacious Rooms

• Bathrooms: 3 Full

• Year Built: 1850

• Infrastructure: 12-Zone Heating for maximum energy efficiency

Architectural Majesty & Historic Details

Stepping into 21 Lancaster Street is like stepping into a living museum. The property is rich with architectural “jewelry” that is nearly impossible to find in modern builds:

• The Grand Entrance: A classic double-door entry opens to a sweeping grand staircase, leading to a unique second-floor “hall sitting area”—the perfect lounge for guests or a private library.

• Period Windows: The living and dining rooms feature elegant French windows that flood the expansive formal spaces with natural light.

• The Wrap-Around Porch: A quintessential Victorian porch invites you to enjoy the serenity of village life, complemented by a private rear deck for sunset dining.

• Hidden Gems: The property includes a rear service stairway and a historic carriage barn, providing massive potential for a workshop, studio, or additional rental conversion.

Expansion Opportunity: The Cupola Attic

One of the most exciting features of this home is the full, unfinished attic. Crowned by a charming architectural cupola, this space is a blank canvas with soaring heights.

• The Master Suite: Imagine a private 3rd-floor penthouse with 360-degree village views.

• Creative Studio: The light and height make this an ideal setting for an artist’s retreat or a high-end home office.

Strategic Location: The Gateway to “Leatherstocking Country”

Cherry Valley is a historic village known for its artisan shops, fine dining, and rich Revolutionary War history. 21 Lancaster Street is perfectly positioned for both residents and tourists:

1. Cooperstown (15-20 Mins): Home to the National Baseball Hall of Fame, The Glimmerglass Festival, and Otsego Lake. This creates a year-round demand for high-end lodging.

2. Sharon Springs (10 Mins): Famous for its healing mineral springs and the Beekman 1802 Mercantile.

3. Albany & Oneonta: An easy commute for professionals looking for a peaceful, historic home base outside the city.

From Zillow