c.1916 Tennessee Oldie But Goodie $99K

$99,000

Tennessee oldie but goodie built in 1916, this four-bedroom, two-bath home showcases timeless architectural details ready to be brought back to life. Set on a spacious lot near downtown, the property includes a wraparound porch, a carport, and multiple storage areas.

 

Zillow Comments

Step back in time with this historic gem, brimming with potential and timeless character. Inside, you will find high ceilings, vintage woodwork, antique doors, traditional room layout, and period charm which offers a rare opportunity to bring new life to a true classic. Whether you’re a seasoned renovator or a visionary homeowner, this is your chance to own a piece of history and make it your own. Selling as is.

• 4bed
• 2bath
• 2,600 – 2,799sqft
• 0.5acre lot
• Circa 1916

More Tennessee Properties

Pros of Living in Selmer, TN

1. Low Cost of Living

Selmer boasts a cost of living approximately 20% below the national average. Housing is notably affordable, with median home prices around $111,600 and average rents for a two-bedroom unit at $671 per month. This affordability extends to utilities and groceries, contributing to a comfortable lifestyle on a modest income. ​

2. No State Income Tax

Tennessee is one of the few states that does not levy a state income tax. This policy allows residents to keep more of their earnings, potentially increasing disposable income and savings.

3. Community-Oriented Atmosphere

Selmer is known for its friendly and tight-knit community. Residents often engage in local events and gatherings, fostering a sense of belonging and mutual support. This communal spirit can enhance the overall quality of life.

4. Proximity to Outdoor Recreation

While Selmer itself offers parks and outdoor spaces, it’s also within driving distance of Pickwick Landing State Park. This nearby park provides additional recreational opportunities such as fishing, hiking, and camping, appealing to nature enthusiasts.

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Cons of Living in Selmer, TN

1. Limited Job Opportunities

Employment options in Selmer can be limited, particularly in specialized fields. The town’s economy is primarily based on agriculture, retail, and healthcare, with a median household income of $48,092. Residents often commute to nearby cities for work, which may be a consideration for potential movers.

2. High Crime Rates

Selmer has higher crime rates compared to national averages. The combined rate of violent and property crimes is notably high, with a 1 in 32 chance of becoming a victim. Specifically, the violent crime rate is among the highest in the nation, and property crimes such as burglary and theft are prevalent.

3. Limited Amenities and Entertainment

The town offers basic amenities, but residents may find that entertainment options are limited. Access to shopping centers, dining establishments, and cultural attractions may require travel to nearby cities, which could be a drawback for those seeking a more vibrant social scene.

4. Educational Challenges

While Selmer’s public schools are above average, challenges exist in educational outcomes. Proficiency in subjects like math and reading at the elementary and middle school levels is lower than state averages. Additionally, access to higher education institutions is limited, with the nearest college being about an hour’s drive away. ​

5. Weather Risks

Selmer is located in an area prone to severe weather, including tornadoes and thunderstorms. Residents should be prepared for potential natural disasters and stay informed about weather alerts. ​

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