c.1900 Affordable Idaho Home For Sale in Charming Town $120K

GREAT OPPORTUNITY!! Perfect fixer in the beautiful and historic City of Wallace, ID! This is perfectly located between both Lookout Pass and Silver Mountain ski resorts, as well as the world-renowned Trail of the Coeur d’Alene’s and Hiawatha bike trails. The home is a short walk to downtown Wallace and all of the wonderful restaurants, breweries, and shops this quaint little mountain town has to offer. The area is surrounded with entertainment opportunities such as hiking, biking, skiing, and exploring hundreds of miles of forest service roads and trails. Priced to sell! 

• 2bed
• 1bath
• 1,141sqft
• 2,614sqft lot
• Circa 1900

308 Pine St, Wallace, ID 83873    $120,000

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended. 

• Contact Realtor: Stan & Julie Groves
  Brokered by eXp Realty LLC in North Idaho
• Google Map
• Niche

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Wallace, ID has a population of 1.08k people with a median age of 43.1. The average home value is $259,160.

Here are some pros and cons of Wallace, Idaho:

Pros:

1. Historic Charm: Wallace is known for its rich mining history, and the entire town is listed on the National Register of Historic Places. Its preserved architecture and small-town atmosphere give it a unique, nostalgic feel.
2. Outdoor Recreation: Surrounded by the beautiful Bitterroot Mountains, Wallace offers abundant outdoor activities, including hiking, skiing, snowboarding, fishing, and ATV trails.
3. Tourism Appeal: The town attracts tourists due to its history, Silver Valley mining tours, and proximity to attractions like the Route of the Hiawatha bike trail.
4. Community Spirit: As a small town, Wallace fosters a close-knit community where residents often know each other and participate in local events and festivals.
5. Affordable Living: Compared to larger cities, the cost of living, including housing, is relatively low, making it an attractive option for people seeking an affordable lifestyle in a scenic location.

Cons:

1.  Job Market: Wallace’s economy is largely based on tourism and small businesses, which may offer limited job opportunities, especially for specialized professions. Median household income is $49,052
2. Rural Isolation: The town’s remote location means fewer amenities and longer drives to larger cities for things like healthcare, shopping, and entertainment.
3. Tourist Crowds: While tourism boosts the economy, it can also lead to increased crowds during peak seasons, which might detract from the small-town feel for some residents.
4. Weather: Winters can be long, cold, and snowy, which may be challenging for those not accustomed to harsh winter conditions.
5. Limited Healthcare: Medical facilities are limited in Wallace, and residents may need to travel to larger towns or cities for more comprehensive healthcare services.

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In the 1950s, this was the home of Mr. and Mrs. Billie V. Ridenour. Their son, Glenn Williams, Jr., was a torpedo’s man mate third class for the US Navy.

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