Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

Got $2,000 and a knack for historic rehabs? Here’s a house for you

09/08/2017

Download PDF

Maybe you’ve always dreamed of winning the lottery and buying a mansion of your own, but in reality, you won a couple grand on a scratcher. Or maybe you have a little bit of that tax returned still saved up. What can you buy for a meager $2,000?

How about this four-unit home in Toledo, Ohio. It’s listed for $1,777.

Chania Chania Chania Chania Chania Chania Chania

PreviousNext

jQuery(document).ready(function(){jQuery(“#ism-slideshow-1”).find(“.carousel-control”).css(“margin-top”,”-“+(jQuery(this).find(“.active .carousel-caption”).height()+25)+”px”);$(“#ism-slideshow-1”).on(“slid.bs.carousel”, function () {jQuery(this).find(“.carousel-control”).css(“margin-top”,”-“+(jQuery(this).find(“.active .carousel-caption”).height()+25)+”px”);});});

But buyer beware, there’s a lot of work that needs to be done to make this house livable.

Built in 1897, the Tudor-esque 5,330-square-foot home contains four bedrooms and four bathrooms and has been vacant for the past few years.

The quarter-acre lot sits on Colllingwood Boulevard, which is a street that has so many churches that it’s possible the phrase “holy Toledo” may have originated there.

The previous owners started on the renovations, but didn’t get very far. Future owners will have to meet the seller’s strict restrictions; because the home is a county-owned property, the renovations must be made within 270 days with rigid guidelines.

“Anyone who purchases it is going to have to go in and redo the entire thing,” listing agent Judy Stone said in a realtor.com article. “They’ll need to come in with a renovation plan and have the finances and the ability to make it safe and livable. It’s not just about the price — it’s all the work that’s associated with it.”

The home will need new heating, electric, mechanical systems and pluming as well as new bathrooms and kitchens. The floors need to be done, the walls need to be put up and painted, the basement stairs need to be made safe and some of the exterior brick needs to be remortared.

“The ideal buyer is someone who has remodeled a multifamily before, knows renovation costs, and is sensitive to historic homes,” Stone said. “It’s not really for the timid of heart.”

Email Dani Vanderboegh

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

March 2024
Mon Tue Wed Thu Fri Sat Sun
 123
45678910
11121314151617
18192021222324
25262728293031

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...