Opportunity in Forest Lake Village, bank owned with lots of potential

It's a roomy house that has some issues.  There have been several roof leaks, around the fireplace, around the waste water vent pipe and even the air handler drip pan. The roof is also nearing the end of it's life. The stove and refrigerator are gone, There are places some sheet rock needs repair and the paint and carpet well they are dreadful. 

So why in the world would want to buy this home? 

well it has 1996 sq. ft. on the main level, and an additional 560 downstairs (above grade) and the tax assessment on it is $161,000.  It's on the market for $119,900.  It has an attached double garage, paved drive and it's located in a very convenient neighborhood, has deeded lake access and the HOA fees are only $65 a year.  Nope that's not a mistake, it's an annual cost, not a monthly one.

Check out the inside photos.  It really does have a ton of potential. Call our office for a showing appointment.  


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Tammy Lankford, Broker/Owner


Broker License # 169695  Lane Realty License # H-11420

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Comment balloon 5 commentsTammy Lankford, • September 19 2016 10:02PM


Tammy Lankford, Even with the problems you cited, this home should be top on the list of many buyer prospects. Definitely need to push a 203k with this one to broaden your coral of buyers.

Posted by Sandy Padula and Norm Padula, JD, GRI, Presence, Persistence & Perseverance (HomeSmart Realty West & Lend Smart Mortgage, Llc.) over 4 years ago

What bargain and even with some work to be done it will make someone a nice home. I like the setting and a buyer will too.

Posted by Debbie Reynolds, C21 Platinum Properties, The Dedicated Clarksville TN Realtor-(931)320-6730 (Platinum Properties- (931)771-9070) over 4 years ago

Looks like a wonderful opportunity for a lucky buyer and I am sure you will sell it soon!

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) over 4 years ago

Hi Tammy Lankford, this is a great opportunity for someone who is looking for that right home and doesn't mind a using a little elbow grease. buyers should call you to help them navigate through the process.

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Realty) over 4 years ago

The home has great curb appeal, so I am thinking this will be a good investment for someone!

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Vacasa) over 4 years ago