900 5th Street, Spencer,
IA 51301

MLS # 250321

$125,000

  • 3
  • 1
  • 864
  • Active
Price Decreased

General Description

Live in it to love it or an investment opportunity!! Bring your creative ideas and make this 3 bedroom cape cod home shine again! Located close to several parks, Johnson school and the YMCA this home sits on a large corner lot and has most of the hard work and big items done. Offering you all new mechanicals including the furnace, water heater and electrical panel which have been installed and the new central air unit is on the way!! Basement repairs have been made too so you can focus on making this house your home!

Legal: 12 5 HOWE'S ADD *see abstract for full legal*
Status: Active

Property Information

250321

$125,000

Sale

Single Family Residence

Other

RESIDENTIAL

900 W 5th Street

Spencer

IA

51301

3

1

1

1

864

13845

Detached

3

2158

2025

Spencer

1950

Features

No

Water Heater-Gas

Utilities

Forced Air

Public/City

Public Sewer

Central

Breakers

Miscellaneous

Full

Manufactured/Modular

Wood Siding

LISTED BY

Northwest Iowa Realty, Bryan Sebastian (712.240.6613)

PROPERTY LOCATION

MORTGAGE CALCULATOR


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Listed by : NORTHWEST IOWA REALTY, KIM BATES (712.260.7149)
RE/MAX Lakes Realtya - Licensed In Iowa Each Office Independently Owned And Operated.

RE/MAX Lakes Realtya

Licensed In Iowa Each Office Independently Owned And Operated.

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Cheap vs high end quality. A buyer's perspective.

Cheap vs high end quality.  A buyer's perspective. in The

Here's the scenario. You are building a house or remodeling your house. Material costs are up. Labor costs are up. You ask yourself, where can I save a buck? Before answering this question, you must be careful, especially if your home is located in an area where other quality homes are built, whether on the lake, off the lake, or in higher valued developments such as golf course developments, etc. Growing up in construction and with a plethora of new construction and remodels under my belt, let me share with you some of the easy things that your future buyers will recognize when they are looking for quality.
1. One of the first things buyers of higher end homes will look for is to determine if the owner used hollow core doors. It's an immediate sign that the seller was looking for ways to save money (where else then did they cut back that I can't see???)
2. The second most obvious is the counter tops. Did the sellers spend for a quality granite, quartz, or other hard surface, or was formica used?
3. The third item that might stick out is the cabinetry. Do the drawers have dovetail construction with hardwoods? Did they use "soft close" drawers? Are there pull outs for the pots and pans?
4. Flooring is an easy one also. Was laminate used, or is it engineered or hardwoods? Does the carpet convey a quality feel and plushness? Is there a nice thick pad underneath the carpet?
5. Though there are many other items to look at, cheap vs quality lighting and plumbing fixtures are probably the next major focus.

There is nothing wrong with with using lower cost materials, especially when trying to keep a project within budget, especially when trying to build more house for less money. Just be aware that most buyers looking to spend in excess of $300k for off lake homes and $500+ for East Lake chain homes, and $1M+ for West and Big Spirit will expect the very best materials and finishes.

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