1011 Wilcox Street offers an exceptional chance to invest in a structurally sound historic property in Petersburg. Originally in a deteriorated state, this property has undergone significant stabilization, providing a strong shell and framing. With electrical work already started, the home stands as a prepared shell, awaiting completion to transform into a valuable asset in an up-and-coming area. Property Details Bedrooms: 3 Bathrooms: 2 Square Footage: Approximately 1,352 sq ft Lot Size: 7,244.573 sq ft Year Built: 1888 Key Features Structural Reinforcement: The building has been stabilized, ensuring safety and longevity. Partial Electrical Work: Initial electrical installations are underway, with permits in place to ease further development. Promising Location: Positioned within a neighborhood that’s gaining momentum in Petersburg’s revitalization efforts, enhancing its appeal to investors and future residents. Investment Potential Priced at $122,000, 1011 Wilcox Street is a rare investment in a growing area. Nearby comparables justify this valuation, demonstrating the promising return once renovations are completed: 1453 Ferndale Avenue: Sold for $300,000; 4 beds, 2.5 baths, 2,592 sq ft. 308 S Sycamore Street: Sold for $250,000; 3 beds, 2 baths, 2,196 sq ft. 609 S Sycamore Street: Listed at $249,500; 3 beds, 3 baths, 1,770 sq ft. These properties reflect the potential value of 1011 Wilcox Street with finished interior work. Estimated renovation costs, including drywall, flooring, HVAC, and bathroom installation, offer a clear path to a profitable investment. Perfect for an investor or visionary homeowner, 1011 Wilcox Street is poised to become a valued residence in a revitalized Petersburg community. This historic gem, located on a buildable lot with 50 feet of frontage on Willcox Street, offers a rare opportunity to own a piece of Petersburg’s history. Built in 1888 by the Winfree family, this American I Home stands as a testament to early American life during the expansion of the American frontier. Property Highlights Historic 1888 American I Home: These homes were popular among settlers who would stake claims and await the arrival of mail-ordered homes, which were then assembled on-site. Victorian Front Porch: A charming Victorian porch adorns the front of the home, adding architectural elegance and curb appeal. Original Kitchen House: Remarkably, the property retains its original kitchen house, an essential part of early American living that is rarely seen today. Once located at the back of the lot, this structure once served as a dependency for two families and offers unique historical value. Location and Surroundings Situated near the site of the former divinity school and historic fairgrounds, this home is steeped in local history, offering glimpses into the lives of those who settled here in the late 19th century. This property is ideal for someone who values history and wants to make an impact by restoring an iconic part of Petersburg’s architectural legacy. If you’re interested in a home with character, charm, and potential, this is your chance to bring new life to a true piece of American heritage. For more information or to schedule a showing, please get in touch. Own a unique chapter of history with this extraordinary home on Willcox Street.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
