This is the cheapest house in Davenport – But is it too good to be true?

August 1, 2023 by No Comments

It’s not every day that you see a house in Davenport, Iowa for $15,700. However, this Zillow property is listed for just that. Interestingly, this property was sold for $72,500 back in 2006 which looks closer to the value of your average home in this neighborhood. However, since then the property has been listed for sale several times with prices below the $20,000 mark.

While the overall neighborhood has not dropped in value since 2006, this indicates that structurally, the house may have been heavily damaged since then. Sadly, the Zillow listing doesn’t give much away in terms of pictures or information and merely states the basic facts. For instance, despite the low price, this property has four bedrooms and the lot is almost 5000 square feet.

Image taken from Zillow

As mentioned, unfortunately, this property only has one photograph to go on and it would be nice to see the insides of the home. However, just looking at this one photo in isolation, there are a few indicators that it could be in a bad way. Firstly, it has grass in its gutters which hints at a lack of maintenance. Secondly, the front steps are damaged, and thirdly it generally looks run down and unloved.

Basically, it could well be that this house may cost close to $100,000 to repair. Not only this but as it’s also been on the market for some time, this assumption may be accurate. Nonetheless, if you don’t ask then you don’t receive. So, if you’re on the lookout for a bargain then maybe this house could be an ideal investment.

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