***UPDATE: This house is gone, baby gone. Allegedly receiving 5 offers and has closed.***
Shopping for Old Town opportunities means looking for these things:
- Flat road
- Next to staircase
- Close to attractions (Main St., Park City Resort, etc.)
- Ready for a remodel
- Good price
My friends, I have found a property that ticks 7 of the 8 boxes. This house at 501 Park Ave is ready for a new owner, and is a real opportunity.
It’s not my listing (listed by Coldwell Banker – Union Park), and we would absolutely want to verify that it actually has escaped the historically significant designation (because if it is historic then you will be very limited by what you can do). But this cutie is on the market at the moment for $950,000, next to the 5th St staircase, has a two-car garage, was heavily remodeled in the 1990s, and is on one of the easier parts of upper Park Ave. Being next to the staircase means you get the feeling of a giant Old Town lot but you don’t have to pay the tax bill or purchase price for it! Remodeled homes with that proximity in Old Town trade for over $2M.
Oh, and while I was filming this video another Old Town agent showed up WITH clients. So, as they say, THE TIME TO HESITATE IS THROUGH. Call me if you’re interested, this one won’t last long.