Photo 1 of 6
$35,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 3 |
1.00 |
1,008 |
$1,238 |
1973 |
|
On the market:
30 days
|
View full details, photos, school info, and price history
Serious investors and rehabbers only. This fixer-upper opportunity is located in the highly sought-after Cottonwood Village subdivision within the Village of Glen Carbon, and is served by the award-winning Edwardsville Community Unit School District 7, including Edwardsville High School. Built in the 1970s, the home appears modular in style but is not a manufactured home. The property consists of approximately 1,008 sq ft, one full bath, and a functional single-story layout consistent with other homes along Lilac Street and throughout Cottonwood Village. Nearby renovated properties on Lilac Street have sold or are listed near the $95,000-$105,000 range, demonstrating strong after-repair value potential. The home is in poor condition and requires a full gut renovation. Observed conditions include extensive mold, visible water intrusion, wood-frame exterior with peeling paint, suspected moisture penetration behind exterior walls, and a collapsing interior ceiling. Kitchen appliances are partially removed; remaining contents, including the refrigerator, are likely best handled via a full professional trash-out prior to renovation. The property is subject to a monthly HOA estimated between $35-$55, which appears to cover parking and limited common-area maintenance (buyer to independently verify HOA documents, rules, and coverage). The surrounding homes are uniform in style, with slight variations on adjacent streets, offering a consistent neighborhood aesthetic once rehabilitated. As-is pricing reflects condition, with estimated current value in the $30,000-$35,000 range, and potential value of $40,000-$45,000 following a full trash-out. A complete renovation could support resale values approaching $95,000-$105,000, subject to scope of work and market conditions. Property sold strictly AS-IS. Seller will make no repairs. Buyer to verify room count, square footage, utilities, HOA information, zoning, liens, and condition. Cash or renovation financing strongly preferred.
Listing courtesy of Shannon Long, Baird & Warner Fox Valley - Geneva