Property Description

($152k Value) 3bd/1ba Home on 1 Acre of Land with Pool, Shed, Garage & Private Off-Street Parking PLEASE DO NOT TRESPASS ON THE PROPERTY. No wholesalers or assignment of contracts please. Only asking $39,999 giving you up to $120,000+ in potential cash equity in your pocket. Background: Located in the city of Lock Haven PA, this fixer upper home is surrounded by friendly locals and located 3hrs away from Philadelphia PA, 3.5hrs from New York, NY, 3hrs from the Philadelphia International Airport (PHL), and 10mins from the Lock Haven University. This is an approximate 1,596sqft 2-story building sitting on approximately 1.01 acres of land. Condition: The property has good bones but will need to be gutted along with new flooring. The front addition roof is dilapidated as seen in the photos and will need to be repaired. The roof has 2 spots that need to be repaired. The foundation appears to be solid but will need one side to be re-sealed to prevent water leaks from rain. This property offers a swimming pool, a shed, private off-street parking, as well as 1 acre of land with both flat/developed and wooded areas. Occupancy: This property was last occupied around 2020. Utilities: *The electricity, water, and gas are currently turned off. So, the utility condition is unknown until they are turned back on. Septic tank condition is unknown. *Sewer source is via septic tank. Roof/Foundation: The roof is in overall solid shape. The front addition roof is dilapidated as seen in the photos and will need to be repaired. The roof has 2 spots on the second floor that need to be repaired. The foundation appears to be solid, but will need one side to be re-sealed to prevent water leaks from rain. Value/Rent: Median home listing prices in this city is around $200,937. The property county assessed value is $93,800 and the after-repair market value (ARV) is around $152,000. Rent prices for 3-bedroom homes in the area are around $1,500/mo on average. Taxes: Low affordable property taxes so you can renovate at your own pace. Annual county property taxes approximately $2,308/yr. Title: The property is sold free and clear via special warranty deed. Buyer is responsible for any Borough/Township requirements such as occupancy permits, rental permits, smoke/dye tests, etc. Closing: This property was recently purchased free and clear of mortgages, liens, judgements, and back taxes at a county tax sale auction. The only thing showing on title is a $4k county jail probation judgement that has been voided from the county tax sale. After the sale is completed, the buyer may file a “Quiet Title Action” in order to clear this from the title if they wish to do so or they may leave it as-is. Closing fee is $1,200. Price: $39,999 plus $1,200 for closing. No Seller Financing.

Property Features

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