We have just posted a listing for a farmhouse with 80 acres in western Oklahoma. This 4 bedroom, 3 bathroom house has two living areas, a basement, a large kitchen with plenty of cabinets, and a carport.
Also on this estate, you will find two barns that need some roofing repairs, but the barns are otherwise in good shape. You will also find that about 35 acres of the property has been farmed and has been terraced to maximize water usage, and you will find another 45 acres that is bad for farming, but good for livestock. The property also has a pond that is useful for watering livestock.
We have posted pictures of the inside and outside of the house, and pictures of the barn and the land. We have also included maps and full descriptions of the house and the repairs that are known to be needed.
We have estimated – based on real estate comps – that the ARV of the property should be between $220,000 and $230,000. We are also estimating repairs to the house at $10,000 and repairs to the barns at $15,000.
If are estimations of the After Repair Value and estimated repairs are good, the purchaser of this property could realistically pick up a $50,000 equity stake upon repair of the home and barns. * (Do your own estimates of the value of the property and the estimated repairs, utilizing your own real estate appraisers.)
You should always verify with your own experts the estimations of the After Repair Value and the Repair Costs for any property you are considering for purchase.
If you would like to learn more about the property we are offering, please read more about it on our website here.
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Tags: acreage, farm, farmhouse, farming community, ok, okla, oklahoma
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