This 3-bed, 2-bath, 1,926 sqft historic home in Lebanon sits on an oversized lot and is marketed as a fixer-upper. With a list price of $210K and area comps for similar-size homes selling between $236K and $257K, there’s a noticeable value gap. However, the property needs TLC, and renovation costs could be significant given its age.
If you’re an investor, run a detailed renovation budget and stick to the 70% rule—don’t pay more than 70% of the ARV minus repairs. For homeowners selling, focus on affordable cosmetic fixes, curb appeal, and staging to boost marketability without over-investing. Highlight the large lot and potential for expansion in your listing.