We really don’t have the extra money right now, but if we did I would buy this house in a heart beat! (I have a habit of stalking the MLS listings. It’s kind of like my Craigslist stalking habit, only much less productive.)
It is just a few minutes away from the house we already own and live in now, but look how gorgeous it is!
It’s 3,507 square feet (that’s huge!) with 4 bedrooms and 3 and a half baths and was built in 1910. It’s listed for $124,900! That’s less than $36 per square foot! That’s insane! At today’s low interest rates around 4.5%, even if you had no down payment, you could get a 30 year fixed rate mortgage for less than $650 a month. I have friends who pay almost 3 times that much in rent for a one or two bedroom apartment. My heart aches with longing for this house. (Is “thou shalt not covet the house down the street that is amazingly gorgeous and priced way too far below market value” one of the commandments?)
And the remodeling is already underway! Half the work is already done, and it seems to be done pretty well. Look:
Zillow.com has the house valued at $30,000 above the asking price. That’s instant equity. Zillow also says that it was purchased by a couple from out of town who were remodeling with plans to relocate. Then one of them died unexpectedly. How sad for that family! But how lucky for whoever buys this house. I wish it could be me!