Property Analysis: 1.3-Acre Home in Laurel, MS
Price: $190,000 | 2,563 sq ft | 3 BD, 2 BA | Built 1977
Key Features & Highlights
- Spacious Living: Over 2,500 sq ft with 3 bedrooms, 2 baths, office, attic, and laundry room.
- Land: 1.3 acres with a large fenced backyard and triple detached carport (potential for outdoor activities/storage).
- Interior:
- Mixed flooring (laminate, carpet, brick floors in living/dining areas – verify condition/style).
- Kitchen includes appliances; bathrooms feature tile/vinyl.
- Central HVAC (essential for Southern climate).
- Utilities: Connected sewer and public water (no septic concerns).
- Location: Laurel, MS – affordability may reflect rural market trends.
Pros
- Price per Sq Ft: ~74(belowLaurel’smedian 74(belowLaurel’smedian 100), suggesting potential value.
- Land Size: Rare 1.3-acre lot for privacy/expansion.
- Functional Layout: Office, attic, and carport add utility.
- Move-In Ready: No major structural issues mentioned; appliances included.
Cons & Considerations
- Age of Home: Built in 1977 – inspect for outdated systems (roof, plumbing, electrical, insulation).
- Flooring: Brick floors may be divisive; carpets likely dated. Budget for potential updates.
- Market Context: Verify local comps – is this priced low due to condition or market trends?
- Location Factors: Research neighborhood safety, schools, and amenities.
Next Steps
- Viewing: Assess flooring, structural integrity, and systems.
- Home Inspection: Prioritize roof, HVAC, plumbing, and electrical.
- Market Research: Compare with recent sales in Laurel; consult a local agent.
- Budgeting: Estimate renovation costs (flooring, cosmetics, systems) to factor into offer.
Verdict: A potentially undervalued opportunity for buyers seeking space and land, but due diligence on updates and inspections is critical. Ideal for those willing to invest in minor renovations for long-term value.
