It's a foreclosure and should be closing in a couple weeks.
Both excited and nervous about it hah
Sale price: $60,000
Square feet: 1750
Year: 1900
Bed: 4
Bath: 2
Lot: 8000 sf
Way more space than I need right now but I plan on renting out the extra rooms.
Plumbing/electrical/roof/furnace/etc are all recently updated and in great shape. The inspector didn't find any major problems, just a couple minor/cosmetic things I can easily fix myself.
It's in my Iowa hometown, a mid-sized 40k population town with low crime rates and good schools.
Located in an older neighborhood 2 blocks from the public library near downtown (I work as an online math tutor and plan on starting in-person freelance tutoring, so having the library to do that at will be helpful).
Also 2 miles from an Aldi, and the same distance to my parents' place.
It was last sold for $110k in 2007 (and the credit union's appraiser put it at $80k now), so I think I'm getting a great deal :)
What do you guys think?
