Calling All Old House Enthusiasts: 2927 Allen in Compton Heights is on the market and is ready for renovation! The house has been cleaned up, shored up and in those necessary places gutted. Now it’s time for the fun to begin.
After Improved Value: $425,000
Current List Price: $165,000
Renovation Budget: $150,000-$200,000
Possible Tax Credits Available to Offset Rehab Cost: 25% of approved renovation budget (25% of $200,000)
Construction Loans Available Thru Pulaski Bank for Owner Occupants.
There are currently many homes that need rehab on the market. Too often they have been reworked or robbed of their original character and grandeur. This one is different. In fact it is a rare find. The home was built in 1905 and has a traditional 4-square layout. The formal entryway was once and could easily be again a master piece. The waterfall staircase extends all the way to third floor and the original stain glass is still present. The rooms are large and gracious, the wood work nearly pristine and historic details abound including original mantles in 4 rooms and the tin ceiling in the kitchen.
The house itself is structurally solid. There are no rolling floors or wavy wall. Without moving any walls the layout will allow the new owner to add master bath on the second floor and another bath on the third floor. When finished this home could have 5 bedroom and 3.5 baths all without disturbing the natural flow. (See floorplan)
See full slide show on the 2927 Allen website.