Huge investment opportunity! 1.97 acres in down town Ola!!! Old farmhouse is over 100 years old, needs a lot of work, or tear down and build what you want. It is livable. Has had electrical, insulation, plumbing, and roofing upgrades in the last 10 years. Two wells, one older, shallow well, and a newer 4 year old well, pressure tank, pump and pump house. The home sits on an old stone pier and beam foundation with some sinkage in 3 corners. The foundation type makes it ineligible for a conventional bank loan. The location of this property is optimal for investment in a recreational set up. Sagehen and High Valley are just up the road, and offer excellent hunting, foraging (berries and morel mushrooms) fishing, camping, boating, snow mobile trails, thousands of acres of national forest recreation! The Ola Inn Diner is next door, the 100 year old Ola General Store is directly across the street. Ola is a safe, wonderful place to raise children, with one of the best elementary school in all of Idaho! This property has an old shed with loft, rabbit shed, chicken coop, dog pen, round pen and pasture for livestock. Young fruit trees, fruit bushes of different types, a huge garden area with dark, deep, fertile soil, fenced so your chickens and wild deer cannot eat it. There is a dirt root cellar under the back corner of the home. Needs work, but still has old bottles from when it was used last, 40+ years ago. This is a treasure of a property! Local legend says that 80 years ago, a man lived here, who did not trust banks. He had a habit of burying glass canning jars, filled with old coin money and antique marbles around the property! We are moving to Missouri next year. This property is for sale for the cash price of $100,000, with a contract stating that my family gets to live here on the property, rent free, until May 1st, 2020. Which is a discount of $40,000 off it’s real value. Value is going up at an incredible rate in Gem County, and all of Idaho. By this time next year, the value of this property is trending to be $200,000 or more, with no inprovements. Our price will continue to go up, as we will continue improving it until it sells. We plan to build an in ground greenhouse in the back yard, as well as building a ready to move 24’x12’ tiny home, so a person could live in it while rebuilding or restoring this home. We also have plans to change the barbed wire/t post pasture fencing to wood poles and rails. This property is being listed by owner. No realtors. More pictures will be added as time goes by.
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