This historic Victorian home in Xenia, IL, presents a unique opportunity with its blend of historic charm, spacious layout, and recent updates. Here’s a structured breakdown of the property’s key features and considerations:
Property Overview
- Location: Xenia, IL (a small town, likely contributing to the low price point).
- Year Built: 1900 (Victorian architecture with original details).
- Lot Size: 0.5 acres (ample outdoor space).
- Price: $79,000 (exceptionally low for the size and features).
Interior Features
- Square Footage: 3,742 sq ft (spacious for the price).
- Bedrooms: 5 (mix of cozy and large rooms):
- Three sizable bedrooms (e.g., 18ft 8in x 14ft 8in; 15ft 2in x 15ft 8in).
- Two smaller bedrooms (suitable for guests or home offices).
- Bathrooms: 3.
- Living Spaces:
- Two-story foyer with open stairway and window seat.
- Formal dining room (25ft 4in x 14ft 6in).
- Living room with wood-burning fireplace (18ft 8in x 14ft 8in).
- Kitchen with appliances (12ft 6in x 15ft 8in) and a well-sized pantry.
- Two sunrooms with large windows (ideal for natural light).
- Historic Details: Crown molding, pocket doors, French doors, wood floors, staff call bell, and original light fixtures.
Exterior & Outbuildings
- Porches: Extensive columns, original lights, and ornate balusters.
- Garage: New two-car garage (28×22 ft).
- Carriage House: 30×26 ft (potential workshop, studio, or storage).
- Additional Features: Storage attic and partially finished basement.
Updates & Utilities
- Mechanicals: New gas furnace, hot water heater, and updated electrical circuit breaker.
- Utilities: Public sewer and water (no well/septic concerns).
Considerations & Potential Drawbacks
- Historic Home Costs: Potential for hidden maintenance (e.g., roof, plumbing, lead paint/asbestos).
- Partial Updates: Partially finished basement may require additional investment.
- Location: Xenia’s rural setting may mean limited amenities/services.
- Heating/Cooling: Size of the home could lead to higher utility costs despite the new furnace.
Investment Potential
- Value Proposition: Extremely low price per sq ft (~$21/sq ft) for a historic home with modernized systems.
- Use Cases:
- Primary residence for a buyer seeking character and space.
- Potential vacation home or rental (if local demand exists).
- Creative reuse of carriage house/garage (e.g., Airbnb, studio).
- Resale Potential: Could appreciate with careful restoration, given the preserved historic elements.
Next Steps for Buyers
- Inspection: Prioritize a thorough inspection for structural issues, roofing, and outdated systems (e.g., plumbing).
- Cost Estimation: Budget for renovations (e.g., basement finishing, cosmetic updates).
- Local Research: Investigate Xenia’s market trends, taxes, and community amenities.
- Financing: Confirm eligibility for historic home grants or tax incentives.
This property is a rare find for buyers passionate about Victorian architecture and willing to invest in potential updates. With due diligence, it could be a remarkable value. 🏡✨
