Real Estate

What can $1 million get you in a reclaimed home

What can $1 million get you in a reclaimed home


What can a million dollars buy you in the reclaimed property market?

CNBC went across the country to find out.

Among the findings, a converted church condo, a former grain mill and a carriage house—all up for sale as residential properties.

Which property do you think is the best bang for your buck?

By CNBC's Erin Barry
Posted 28 July 2014

Reclaimed warehouse

Kuda Photography

List price: $1.25 million

Three bedrooms and 2.5 baths

Portland, Oregon

Constructed in 1909 this building once warehoused products for companies like Coca-Cola and Wrigley. In 1979 the window and door division of the Chown Co. moved in.

Slowly the neighborhood (known as the Pearl District) began to change from industrial to residential. And in 1995 the building was converted into condos.

This unique 2,254-square-foot condo was once three separate units that owners bought and converted into a three-bedroom unit.

It comes with an outdoor space and the owners' artistic sense of style. Everything from the doors, wallpaper and windows are all reclaimed.

Mill mansion

Karen Stern | CNBC

List price: $1 million

Three bedrooms, one bath and two half baths

St. Johnsville, New York

This former flour mill is on the National Register of Historic Places.

It was built in the 1830s and served as a preindustrial grain milling complex.

The owners kept much the original machinery such as the grain funnels that they turned into lights inside the large open kitchen area.

Converted carriage

Karina Frayter | CNBC

List price: $975,000

Two bedrooms and 3.5 baths

Providence, Rhode Island

Built in 1857, the structure was once the private horse stable of a wealthy pharmacist.

These carriage houses are rare survivors in the city of Providence, especially in the College Hill section.

While the 3,000-square-foot building sat vacant for a long time, the current owner has fully restored the property and maintained its historical integrity.

Barn charm

Stephanie Dhue | CNBC

List price: $1.05 million

Five bedrooms and three baths

Villanova, Pennsylvania

This 8,000-square-foot home was built in the early 19th century and was originally used as a cattle barn.

Later it became an auto repair shop before the current owners renovated it into a residential property.

While all the exterior walls are stone, none of the interior walls are load bearing—so new owners can move them if they don't like them.

Church condo

This condo occupies four floors of the church’s bell tower. List Price: $975,000
Karen Stern | CNBC

List price: $975,000

One bedroom and 2.5 baths

Watertown, Massachusetts

This four-story condo resides in the bell tower section of the First Baptist Church of Watertown, originally built in 1899.

The owner bought the church and began converting it into condos in 2003.

The 2,800-square-foot space has an elevator, energy efficient appliances and the church's old woodwork has been carefully restored.

The unit recently sold for its asking price.


Jeff Daniels | CNBC

List price: $999,900

Six bedrooms and four baths

Los Angeles

This 6,600-square-foot fixer-upper was built in 1906 and is designated a city of Los Angeles Historic-Cultural Monument.

It's had a variety of uses over the decades including as a community center, dress shop, catering operation and halfway house.

The house has been rented out for TV and movie filming, weddings and quinceaneras.

The most recent filming was for a production called "Sitter Cam." The kitchen was also once used to cook up food for the cast of "Soul Train."