This is a small rambler on a VERY busy road. With 3 small bedrooms and 2 full baths, this home is straight out of 1963. The home is functional, but will need a lot of TLC to bring it up to speed. The kitchen and baths are in need of renovation, and the basement too needs work.
The lot is about a quarter acre. The home sits up on a knoll, and gently slopes off in the back. The yard is fenced, and will need work to make it look decent.
This home may have potential for someone with a home business. The traffic on Seven Locks would be attractive for an accountant or insurance agent that may be able to pick up some business.
This is also a short sale. The bank that holds the mortgage will have to approve any contract written. The owner purchased this home in 2005 at the height of the market. They paid $635,000. I cannot imagine this home was ever worth that much.
This home is worth about $475,000. It may take the bank a while to understand that they are going to lose their shirt. The sooner they make a deal, the better it will be for them. The home is currently vacant, and still has boxes and personal possessions on the lower level. The sooner a deal is made, the better for all parties involved.
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what is the potential for expanding this house? if someone can pick it up for the lower price, doesn't expansion make this a find?
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