Affordable Fixer-Upper on 1.62 Acres Near Waverly – A Hidden Opportunity with Endless Potential
Introduction: A Rare Chance to Create Your Dream Property
If you’ve been searching for an affordable property with land, privacy, and the freedom to design your own living space, this fixer-upper near Waverly and Piketon is an opportunity you don’t want to miss. Situated on approximately 1.62 acres, this home offers the perfect blend of rural tranquility and convenient access to nearby towns.
This property is ideal for buyers who are not afraid of a little renovation work and are ready to unlock the hidden potential within. Whether you’re an investor looking for your next project, a first-time buyer seeking affordability, or someone dreaming of customizing a home to your exact preferences, this residence provides the perfect starting point.
Being sold “as is” as part of an inherited estate, the home comes with limited prior knowledge—but also with a clean slate for transformation. With a recent survey already completed, you’ll have clarity on property boundaries, making planning and development even easier.
Property Overview: Key Features at a Glance
This single-family home offers a solid foundation and essential features that can be enhanced through renovation:
- Bedrooms: 2
- Bathrooms: 1 full bathroom
- Total Living Area: 1,168 square feet
- Lot Size: 1.62 acres
- Year Built: 1966
- Stories: 1 (single-level living)
- Garage: 1-car attached garage
- Heating: Baseboard and other heating options
- Cooling: None currently installed
- Water Source: Public
- Sewer: Septic system (status unknown)
- Roof: Asphalt
- Exterior Materials: Wood siding
This property combines a manageable home size with a generous amount of land, making it a versatile option for a variety of buyers.
Interior Layout: Functional Design with Room for Improvement
Comfortable Single-Level Living
One of the key advantages of this home is its single-level layout, which provides convenience and accessibility. All main living areas, including bedrooms, kitchen, and bathroom, are located on the main floor, making daily living simple and efficient.
Living Room: A Central Gathering Space
The living room features wood flooring and offers a comfortable area for relaxation and entertainment. With some updates such as fresh paint, new lighting, and refinished floors, this space can easily become the heart of the home.
Dining Room: A Place for Connection
Adjacent to the living area, the dining room also features wood flooring, providing a warm and inviting atmosphere. This space can be enhanced with modern fixtures and design elements to create an ideal setting for family meals and gatherings.
Kitchen: A Blank Canvas
The kitchen currently includes vinyl flooring and basic functionality. However, it presents an excellent opportunity for a complete redesign. With the right upgrades—such as new cabinets, countertops, and appliances—you can transform it into a modern and efficient cooking space.
Bedrooms and Bathroom: Cozy and Practical
Two Main-Level Bedrooms
Both bedrooms are located on the main level and feature carpet flooring. These rooms offer comfortable living space and can be easily updated with new flooring, paint, and fixtures to improve both style and functionality.
Full Bathroom
The home includes one full bathroom with vinyl flooring. While it may require updates, it provides a solid base for renovation. Adding modern fixtures, improved lighting, and updated finishes can significantly enhance its appeal.
Laundry and Additional Rooms
The property includes a dedicated laundry room, adding convenience and functionality to daily living. This space can be upgraded with storage solutions and improved layout to maximize efficiency.
Flooring and Interior Features
The home features a mix of wood, carpet, and vinyl flooring, offering a blend of durability and comfort. While some areas may require replacement or refinishing, this variety provides flexibility in design choices during renovation.
Exterior Features: Space, Privacy, and Potential
Expansive 1.62-Acre Lot
One of the most valuable aspects of this property is its generous 1.62-acre lot. This large parcel of land provides numerous opportunities, including:
- Gardening or farming
- Outdoor recreation and entertainment
- Building additional structures
- Creating a private retreat
The open space allows for creativity and expansion, making it ideal for buyers who value land and privacy.
Covered Porch
The home features a covered porch, offering a comfortable outdoor space to relax and enjoy the surrounding environment. With some improvements, this area can become a charming extension of the home.
Garage and Parking
The property includes a one-car attached garage, providing secure parking and additional storage space. This feature adds convenience and can be particularly useful for tools, equipment, or workshop use.
Location Benefits: Close to Waverly and Piketon
Convenient Rural Setting
Located just minutes from Waverly and Piketon, this property offers the best of both worlds—peaceful rural living with easy access to nearby towns. Residents can enjoy a quiet lifestyle while still being close to essential services.
Accessibility to Amenities
Nearby amenities include:
- Grocery stores and shopping centers
- Schools and educational facilities
- Healthcare services
- Dining and local businesses
This accessibility enhances the property’s appeal for both homeowners and potential renters.
Utilities and Infrastructure
The home is connected to public water, ensuring a reliable water supply. The septic system is in place, though its condition is currently unknown, which may require inspection or updates.
Electric and heating systems are present but may benefit from modernization to improve efficiency and comfort.
Renovation Potential: Transforming a Fixer-Upper into a Dream Home
A True Fixer-Upper Opportunity
This property is being sold “as is,” making it an ideal project for buyers who are ready to invest in renovations. With the right vision and effort, this home can be transformed into a beautiful and functional residence.
Suggested Improvements
To maximize value and comfort, consider the following upgrades:
- Install a modern HVAC system for heating and cooling
- Update kitchen and bathroom with contemporary finishes
- Replace or refinish flooring
- Improve insulation and windows for energy efficiency
- Enhance exterior with landscaping and siding updates
These improvements can significantly increase both livability and market value.
Investment Potential: A Smart Financial Move
Affordable Price Point
With a competitive price per square foot, this property offers an accessible entry point into real estate ownership. It is especially appealing for investors looking to maximize returns through renovation.
Flexible Financing Options
The property is available for cash buyers or those using a rehab loan, providing flexibility in financing. This makes it easier for buyers to fund both the purchase and renovation process.
Strong Upside Potential
With the right upgrades, this home has the potential to achieve a much higher market value. The combination of land, location, and square footage makes it a promising investment.
Ideal Buyer Profiles
This property is perfect for:
Real Estate Investors
Looking for a project with strong return potential.
First-Time Buyers
Seeking an affordable home with the opportunity to build equity.
DIY Enthusiasts
Ready to customize and renovate a home to their liking.
Rural Lifestyle Seekers
Wanting space, privacy, and a connection to nature.
Lifestyle Benefits: Peaceful Living with Room to Grow
Living on 1.62 acres offers a sense of freedom and tranquility that is difficult to find in more urban settings. This property provides:
- Privacy and open space
- Opportunities for outdoor activities
- A quieter, slower-paced lifestyle
- Room for personal projects and hobbies
Financial Highlights
This property offers manageable costs and strong value potential:
- Price per square foot: $50
- Annual property taxes: $1,150
These figures make it an attractive option for budget-conscious buyers and investors alike.
Conclusion: A Property Full of Possibilities
This fixer-upper near Waverly and Piketon is more than just a house—it’s an opportunity to create something truly special. With its spacious lot, functional layout, and strong potential for improvement, it offers a solid foundation for both personal living and investment success.
Whether you’re looking to renovate, expand, or simply enjoy a peaceful rural lifestyle, this property provides the flexibility to make your vision a reality.
Call to Action: Don’t Miss Out
Opportunities like this don’t come around often. With land, location, and potential all in one package, this property is ready for its next chapter.
Schedule a viewing today, explore the possibilities, and take the first step toward transforming this hidden gem into your dream home or next investment success.
Listed on Zillow
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