THE ULTIMATE LIST OF CHEAP OLD HOUSES UNDER $50K…and BEYOND ––>
Save This Old c.1900 Indiana Victorian Fixer Upper For Sale Under $50K
February 2, 2024
OHU50K Notes $49,900
Can you believe that this Victorian fixer upper for sale was the gathering place for the social set all through the 1950s? Yes, the six bedroom, two bath home’s inlaid wood floors were gleaming back then. Sunlight streamed through the stained glass to make rainbows on the plaster walls, and built-ins held delicate bone china. That’s when the Spice family lived here. Back then, Miss Mary Spice hosted events here for the Flora-Studi Garden Club, the education committee of AAUW, the Red Cross, and the Progress Club.
Miss Mary Spice would be aghast at the condition of the house now. It even looked worse, covered in vines, in the 2018 Google Map view.
INVESTOR ALERT!! Don’t miss this prime opportunity to bring this massive 6br historic home to life in Anderson! Nestled in the historic district among several completely remodeled homes, and located just blocks to downtown, the saavy investor can create tremendous value through a full gut remodel of the home. The property was originally a duplex, creating even more opportunity if kept in that configuration. With nearly 3700sq ft of finished space over two floors, the possibilities are endless! Spacious and deep lot has plenty of room for a garage in the back, an ADU, or additional units (buyer to verify w/city). If done right the after repair value could be $400k+! The home is being sold as-is and for cash or hard/private money only due to the condition. Also listed as a duplex.
409 W 11th St, Anderson, IN 46016 $49,900
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.
This house had been renting rooms out since the 1920s. Sometime after 1940, after her parents had both passed away, Mary Spice moved into the home. She was a school teacher in the public school system, and later she came a principle. Miss Spice belonged to numerous clubs and organizations and loved to entertain in the home. You wouldn’t know by looking at the grounds now, but she especially loved gardening.