This neighborhood was developed just south of Yellowood Forest in a small lakeside community. The area was developed in the 1950's of cottage bungalow, rustic cedar/log and more contemporary ranch homes. The home needs extensive repairs; however, the site is worth more than $22,000 alone. 2008 Appraisal is available. Based on the appraisal:As-Is Value = $55,000.After Repair Value = $149,900.1.69 Acre Lot Value = $22,500. Estimated cost of recommended repairs = $48,500 (Could be much cheaper based on the buyers knoweldge and abilities).Our research has indicated that there is an encroachment of a barn and outbuilding from the adjacent property. Apparently, that 1+ acre lot could be purchased from the current owner for about $6000. There is also issues with obtaining a permit to fix the failing septic system, but there are apparent options to fix that as well.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
