Looking for a unique investment opportunity? Check out this c.1916 Tennessee Oldie But Goodie $99K that might just be your next project.
This historic four-bedroom home situated in Selmer, TN, built in 1916, is a remarkable find at an attractive price of $99,000. The property, rich in architectural features, is brimming with potential for renovation and restoration, making it ideal for both investors and those looking for a unique family home. Situated on a generous lot near downtown, this home can be your canvas for reinvention.
Beautiful Architectural Features
The Tennessee oldie but goodie built in 1916 showcases timeless architectural details that are ready to be brought back to life. Key features include
- High ceilings that create a sense of spaciousness.
- Vintage woodwork, offering rare craftsmanship.
- Antique doors that preserve the charm of history.
- Traditional room layouts, perfect for modern lifestyle adaptations.
- A spacious wraparound porch to enjoy relaxing evenings.
For anyone interested in a property with character, this listing at 251 Court St, Selmer, TN 38375 presents a fantastic opportunity. Whether you are a seasoned renovator or someone dreaming of a historic family home, you're encouraged to reach out to the realtor highlighted below, or contact an agent of your choice. Brokered by Crye-Leike, Inc., REALTORS.
Pros of Living in Selmer, TN
Living in Selmer isn’t just about the home; it's about a lifestyle. Here’s what makes Selmer an attractive place
1. Low Cost of Living: Selmer's cost of living is approximately 20% below the national average. The median home price sits around $111,600, with average rent for a two-bedroom unit at $671 per month. Utilities and grocery prices are also affordable, allowing residents to enjoy a comfortable lifestyle.
2. No State Income Tax: Tennessee is one of the few states that does not apply a state income tax, letting residents keep more of their earnings. This aspect can significantly boost disposable income, making Selmer even more appealing.
3. Community-Oriented Atmosphere: A tight-knit, friendly community is a hallmark of Selmer. Regular local events foster a sense of belonging and support among residents, enhancing overall quality of life.
4. Proximity to Outdoor Recreation: Just a short drive away is Pickwick Landing State Park, offering fishing, hiking, and camping opportunities. The blend of small-town charm and access to natural beauty is a significant draw for many.
Cons of Living in Selmer, TN
Despite the advantages, there are important considerations to bear in mind
1. Limited Job Opportunities: Employment in specialized fields can be sparse, as the economy primarily revolves around agriculture, retail, and healthcare. Residents often have to commute to nearby cities for work, which might affect daily life.
2. High Crime Rates: Selmer has a higher crime rate compared to national averages. With a 1 in 32 chance of becoming a victim, safety can be a concern. It's essential for potential movers to be aware of this when considering their decision.
3. Limited Amenities and Entertainment: While Selmer provides essential amenities, options for entertainment and cultural experiences might be lacking. Shopping centers and dining establishments often require travel to nearby urban areas.
4. Educational Challenges: Public schools in Selmer exhibit above-average performance, yet there are still challenges regarding educational outcomes, particularly in subjects like math and reading. Higher education opportunities are constrained, as the nearest college is about an hour away.
5. Weather Risks: Located in a region susceptible to severe weather, residents need to be prepared for events such as tornadoes and thunderstorms. Staying informed about weather alerts is crucial for safety.
Unlock the Potential of 251 Court St
This four-bedroom, two-bath home in Selmer presents a rare opportunity to own a piece of history. The renovation potential makes it captivating for anyone looking to invest in real estate or design their dream space. If you're excited about a project that harkens back to a simpler, more classic time, this property could be just what you're looking for.
For inquiries or to view the property, please contact the listed realtor, or consult your preferred real estate agent. Independent verification of details and property status is strongly recommended.