14426 Lake Wildwood Drive, ranch home in Lake Wildwood, deferred maintenance, listed for $184,000

No doubt the seller thinks he is giving this one away. It is the least expensive ranch style home on a flat lot in over a year. All the other fixers have had really bad floor plans and most had very bad driveways. And most were in a lot worse shape than this one! So, is it a great deal? Well, yes and no. The problem is the upside potential is limited. Do everything, and the home would still only fetch $300,000 or $310,000 tops. And that would require new kitchen, bath, paint and carpets inside and new stain and repairs outside, and likely a new roof and heating and air, and all new windows…. it adds up. How much a of a good deal is this home? If it was on city lot in Nevada City, or even Grass Valley, it would sell in a heart beat. In Wildwood, not so fast.

Author: gordon

Nevada County Resident since 1988. Painting and Decorating Contractor 1985-2003 Nevada County Realtor Since 2004 Member of the Nevada County Masters Club (top producing agent) Every Year Since 2004

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