PRICED BELOW TAX ASSESSMENT of $51700. Flippers, Investors, or $48,000

Lake Home For Sale

PRICED BELOW TAX ASSESSMENT of $51700. Flippers, Investors, or ambitious people looking to create themselves an economical home, YOU NEED TO HAVE A LOOK! This bungalow sits on a tad under an acre of land with approximately 130ft of Poorhouse Creek frontage, a well known trout stream. The new section of the home has a metal roof, replacement vinyl windows, vinyl siding, and a vented block foundation. The home boasts truss rafters, making it possible to create a large open concept living space. The newest section has Sheetrock walls, and plywood flooring, and a complete bathroom. The home has electricity, and what appears to be a newer 200 amp panel box, but the current owner has no knowledge of any previous wiring. The home is in a 100yr flood plain, and per FEMA regulations, no new additions can be built to the home, so the preexisting 1950 portion of the structure has been left as *grandfathered* square footage for possible remodeling and additional square footage, but currently is a shell with some wiring and plumbing, but the condition is of either is also unknown. The home is being sold as is-where is, and is a blank canvas for a innovative buyer. The neighborhood consist of 4 other full time households. They share ownership of the road and the newly built bridge leading into the community.The buyer of this property must help maintain their portion of the entry road.This property is in the foothills of the Blue Ridge Mountains, just outside of the town of Stuart making it not only convenient to the trout stream out front, but it's also close to town where there are restaurants, shops, grocery stores, and a new hospital opening soon.The home is also only 30 mins from Mt. Airy NC, only minutes to the Blue Ridge Parkway, and 25 mins to Fairystone State Park. Usage ideas include an , a residential rental for medical professionals a long term rental or a fulltime residence.