Comfy vintage styleCook stove is gasScreened in back porchHardwood floors throughout
Investor special! This is a lovely farmhouse on 3.16 acres, with a comfy vintage style unlike the cookie cutter HGTV style that's so common now. Master bed and both baths on the first floor, with the other two bedrooms upstairs. Hardwood floors throughout with laminate in the kitchen and vinyl in the bathrooms. Real wood cabinets in kitchen and utility room. Living room and Den open onto the concrete front porch. Den could easily be converted into a 4th bedroom or master suite on the main floor. A double fireplace sits between the living room and Den. The living room side has been bricked up and fitted with propane for a gas log heater. The den side has a painted board in front to keep out the drafts but is actually still open. It's designed for a fireplace insert and would need the chimney cleaned out and inspected as birds have been nesting in the top of the chimney. It has dual front doors, and could easily be converted to a duplex. Screened in back porch had a wood stove at one time, so there is a hole for the stovepipe in the porch roof that needs to be addressed, could easily be converted into an extra bedroom if desired.. The ramp that runs along the back of the home is a smooth shallow incline, providing excellent handicap accessibility. Tons of flowers throughout the lot, and a producing garden with fruit trees, apple, pear, peach, fig, elderberry, blueberry, raspberry, asparagus, grape, and lots of herbs. Together it’s over $500 worth of plants that are all doing well.
Previous owner passed away and I bought it from the bank via foreclosure auction. It sat vacant for 2 or 3 years before I bought it. Inspection was limited and the house needed more work than I realized when I bought it and I've run out of money to finish and have developed health issues that prevent me from continuing. Brand new wiring throughout, including the breaker box, just needs inspection. Also I got the wrong breakers so they need swapped out. Note: the 220 wiring was not redone and still needs updated if you want large electric appliances. Cook stove is gas. Water heater is tankless gas. Dryer must have been gas as there's no 220 outlet. Propane tank is leased and will be returned before sale. Plumbing has been fully updated to pex. Shower heads and bathtub faucets have been replaced. I have new faucets for the bathroom sinks yet to be installed. Living room front door frame has been partially replaced from prior damage. 3 dead trees have been removed and parts of 2 others. The ramp to back door has had several boards replaced and has been water sealed. Tons of trash has been removed. There are 2 outbuildings in good condition. One is a she shed that was previously used to house an ongoing yard sale. The other is a tool shed/barn. One home inspector said that if you do the work yourself you can expect to spend $10,000 in repairs, including replacing the outdated central heat and air unit, but if hiring out the work, he estimated $50,000 in repairs. That aligns with my own calculations, but with that done the after repair value would easily be $200,000+. There's plenty of room for profit here. At this point, all the hard work is done, the rest is pretty much cosmetic.
Note: I am currently living in the home but am 99% packed. Many of the pictures in the listing are from before I moved in. I am ready to move on May 18 or after. I will need earnest money for moving expenses before closing or a post occupancy agreement.
As there are repairs needed, house won't qualify for conventional financing. This is a cash sale for $129,500 or best offer.
What the owner loves about this home
Situated between Lewisburg and Russellville, this home is a short drive to shops, schools, and many employment opportunities. It's just 1 mile from Logan Aluminum. There is a cornfield on one side and an empty lot on the other, so there's plenty of privacy, and the neighbors across the street are friendly and helpful. This is right on the highway so you get the country feel with city convenience. The house sits near the top of a hill so the views are spectacular year round. You can watch 4th of July fireworks from the front porch. You can also see the aurora from the front porch when conditions are right. There's lots of wildlife including hawks, pileated woodpeckers , numerous songbirds, deer, opossum, coyote, fox, etc.
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Listed by:
Property Owner(423) 402-1240
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.