MO house & land

I would offer 59K and go from there. I doubt most people would want to take this one on or find a bank to loan for it...how long has it been listed I wonder.

It looks like there might be some renovating already going on. The upstairs bedroom looks like it has new drywall and the floor has had some wood replaced in that room. A couple of windows are boarded up. I'm wondering if the current owners found out they were in over their head.

That said, I'd still go see it. The water issue would worry me but I'd still consider it.

You could always make an offer contingent on the sale of your current home.

Once our current home is on the market, I will feel more comfortable making a contingent offer. Every time we turn around something comes up & it takes longer to do. (Lost contractor & new one can't come until March now.) The kids amd I are going to start packing today. I have help coming tomorrow and we need to be mostly moved out of my bedroom & the kitchen before he gets here. By tomorrow night both of those rooms should be ready to paint. Then all that's left there is to put in the flooring.

DH is hoping to get a load through MO, then we will see if he can connect with the realtor and get a look.

We bought an older home in S. MO, too. I agree with the post above that said to offer $59,000.

Let us know what happens!

Good luck!

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Alice
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"No great thing is created suddenly." ~Epictitus

the price woudn't scare me off if the well is any good, if not hit them with a lower offer to cover the cost of drilling a new well. That area of Missouri is very pretty and there is good hunting up there. it looks like a great project!

Hey Cheryl-

The weather in S. MO is NOTHING like SD!! I say GO for it!! We would be lost b/c we have NO carpentry skills. But the price is fantastic, unless everything has to be torn down. Or even if it does, thats a great price.

Patty

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Oh gosh, I would do that in a heartbeat! What a great house..be careful though, it looks like a house that would have ghosties!

What do you mean you havent bought it yet. I wouldnt hesitate for a second.
The house is certainly rough but its habitable and 35 acres of land and outbuildings and ponds for 72 K is a bargain. Id lowball the price on an offer and see what they say, but that house would be magnificent when its done. The rooms are huge and the living room with the bay window is actually a central entrance hall with a big parlor on one side and a dining room on the other and that enormous raw space for a kitchen. And that view up the lane to the house. Imagine that pruned back a bit and the house lights on as you drive up at dusk on any night in the year. Martha Stewart would kill for that house. It will be a lot of work but I have seen a lot worse brought back form the brink. Go for it, call them today before someone else snatches it up. GO GO.

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FolioMark

Mus uni non fidit antro. ~ A mouse does not rely on just one hole.----Plautus

OOOOOPS double post

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FolioMark

Mus uni non fidit antro. ~ A mouse does not rely on just one hole.----Plautus

You could always make a contingent offer then check into the cost of rehab. Banks (not usually mortgage companies though) will often make loans based upon the market value as-if repaired. This will provide funds to do the work a little at a time as it gets done. For most repairs though, they will require them to be professionally done (esp. electrical, foundation, and plumbing). Be careful, you could look at spending $15,000 for the repairs you listed, but it just as easily become $50,000 or more. Don't know what surrounding land values are, but the price looks pretty good to me even with the repairs needed.

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I'd put a nice modular or double wide on it and knock the house down. It would be fun to redo the house, though. Very rewarding. Go for it!

Just so you know what I mean when I say it FEELS like home...

Here's a picture of my ds/dd's room



Can you see the paint job on the walls?

I have a call in to dh. If he can get the right load (good possibility) he is going to stop & see it. Now to get packing so we can sell here! ACK!!!

How about approach it from this perspective?....The land is worth roughly $1,600/Acre X37 Acres = $59,200. Then you tell the realtor in your offer that the house is a liability that will cost you $3,200 to hire an Excavator to dig a hole and bury it. So $59200 - $3,200 = $56,000. If they accept an offer you then go forth and rebuild it if that's your to your liking.
At their price of $1945/Acre you probably can find a property in the southern half of MO., AK, or Eastern KS that has a structurally sound house and functioning well and septic.
Just my opinion....

Bite your tongue! "Knock the house down" indeed! Hmph!



Seriously, that house is a gem that just needs some cleaning, buffing, shoring up, and polish.

Besides that, it's better to salvage the house and recycle what's there instead of putting it into a land fill. It's good, sturdy old material; nothing chemical-laden or composite.

Pony!

I just offered them $49,500 cash and they grabbed it!!!!

Just kidding.

Bruce, you made my heart stop!

It's way too warm for us down there (we prefer being close to the Canadian border) but if I found the same deal up here I would snatch it up immediately!

It isn't a bad deal. I don't know where that city is located in MO., but the house looks to be in good enough shape to fix up. The way houses are selling, you could redo it and flip it for quiet a bit more.

I would have loved to have an old house like that on our property when we bought it. Instead we had a bungalow style house. They had previously torn down the two story. $1600 and acre is verrry cheap in some parts of MO.

The pics of the house looks like it is livable right now. It doesn't take much to hook up a bathroom if the water is there. Do you have a camper you can use until you get the house fixed up?

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The price is a little high for North central Missouri.
The house is really got good bones for a late 1800 model though.
You should be able to drill a well for around 5,000 to 8,000 and be better off than having rural water.
With the Nodaway/Worth REC electric isn't that expensive even ST joe power isn't to expensive.
This is our old home territory and hubby misses it But we are considering SD too.