117 E 2nd St in Springfield

[JFman00]

Anyone have any idea why this property is so cheap? http://www.zillow.com/homedetails/117-E-2nd-St-Jacksonville-FL-32206/44477719_zpid/

Saw the agent remarks and it still seems dramatically underpriced.

[Bridges]

I love that house.  Never been inside, but outside looks good.

I think that is the house Ottis Toole grew up in.

[fsquid]

looks like a short sale

[SPR Nole]

And it needs quite a bit of work!

[Debbie Thompson]

It may need some work, but if you are interested, check it out.  I don't know if Otis Toole grew up there.  I've been told he lived there. If you are leery about bad spirits or bad vibes, maybe it's not for you.  We do have ghost stories in some of our old houses.  But if not...

Built in 1886 makes it one of the older houses in Springfield.  It's on a double lot, and one of the fewer 200' deep lots.  Huge lot for Springfield.  You can get a good home inspection.  If you have some rehab funds available, or have some skills yourself,  $32 per square foot is a bargain for a showpiece house.  You could also apply for an FHA rehab loan (203k?) and they will fund more than the purchase price to allow for the work you need done, provided an appraisal supports it. 

[buckethead]

Real estate buyer... Beware.

It isn't 'fixed' just yet. (My uneducated, arbitrary, non-bottom call)

[buckethead]

Current housing recovery = dead cat bounce. (Apologies to my fine feline friends)

[sandyshoes]

"If you are leery about bad spirits or bad vibes, maybe it's not for you.  We do have ghost stories in some of our old houses.  But if not..."
                                     Ya do?? Debbie, tell, tell, please!  I am intrigued.

[Debbie Thompson]

SandyShoes, I've just had several friends report "stuff."  Generally "friendly" ghosts.  We talked about a haunted tour, but never really got it together.

Back the the house and buckethead's posts.  If you plan to "flip" it, don't buy it.  Please, please, please don't buy it.  Those are the WORST rehabs because people just do whatever is cheapest, and it shows.  This house does not deserve that.  But if you want to invest in an amazing house that you plan to keep awhile, the market will come back.  It already has begun to come back.  If you want an amazing house and plan to stay in an amazing neighborhood more long term, THEN check it out.  :-)

[Bridges]

If you buy it, we'll be neighbors.  Great block.  And what's that?  Why yes, yes, I'd love to come over and hang out on your awesome patio, thanks for asking.  Drinks on me. 

[Debbie Thompson]

It is simply amazing, isn't it?  I had never seen the inside until I saw the pictures.  I don't know which is better...the inside or the outside.  :-)

[strider]

To start with, as I know the person who bought this house as a condemned house, did the vast majority of the work (I did the Kitchen) and have been inside multiple times, this is a great house.  It has been well maintained and even though it is obviously a short sale of some type, this house has not been trashed in any way.

I also know that a large family has lived and grown up there since the house was done so it may have some wear and tear such as a large family can do in normal everyday life. As to it needing a lot of work?  I highly doubt it it needs a lot of structural type work, but as one of the oldest houses in Springfield and like all old houses, it always will need something. Comes with the territory.  The majority is, I'm sure, minor everyday repairs and mostly cosmetic.

Anyone wanting what is perhaps one of the greatest and larger houses in Springfield for a low, low price needs to buy it soon.  I suspect the only reason it has not sold is the fact that it is a very large house and so large utility bills will come with it. It is just a lot of house to maintain as well.

[sandyshoes]

Absolutely beautiful.  Was it ever a bed/breakfast?  Seeing the size of that kitchen stove it must have been a very large family, if not. 

[avs]

I am a Realtor in Springfield.  I have had several inquiries about the house.  It does need the staircase rebuilt, about 20K is the estimate in the private remarks.  Its a short sale so the buyer would have to be a first time home buyer and use a 203k loan or a conventional borrower would have to get a construction loan which is more money down in this market.  Only other way to buy is the pay cash.  Great house, just difficult to finance.  Its also in a part of Springfield alot of people consider less desirable having less neighbors around...

Amanda Searle

[Bridges]

Its also in a part of Springfield alot of people consider less desirable having less neighbors around...

While 2nd st. between Market and Hubbard would leave the house with no direct neighbors.  Market between 2nd and 3rd is almost completely full of great homeowners (including the house at the corner of market and 2nd), and Hubbard between 2nd and 3rd has some great owners too. 

This house is actually shielded from the Apts on Market and 2nd, and any noise/disturbance from them would be lessened.