The first time we actually drove out and looked at a listing was last February (2011). Only a short drive from the city (maybe 30 minutes), it was advertised as built in 1918 on a one acre lot (this was before I realized just how small one acre is), and is perched on a hill overlooking the lake - gorgeous! And priced at only $239,000 (a steal for the area).
So what could be wrong? Well, besides the fact that this house isn't on the kind of private acreage we want, the neighborhood could best be described as "trailer park." It remains listed today (almost a year later) at a price of $235,000.
Pros:
Old house
Gorgeous view
Good condition
Good price
Close to home (maybe too close; not really "country")
Cons:
Not on acreage
Undesirable neighborhood
Two story
Already renovated
Doesn't have the kind of interior architectural "bones" that we're looking for
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