Residential Land with Home for Sale in Salem, Oregon

Accepted Offer with Contingencies. Vintage 1910 4 bedroom home with 3,150 square foot outbuilding/shop located on beautiful 5.42 acres, short distance to Highway 22 & minutes from downtown Salem! The outbuilding, constructed in 2008, features an office area and a large open work area with tall vaulted ceilings. The inside of the outbuilding is insulated, finished with drywall & has 2 mini split HVAC systems that provide heating and cooling. The building is plumbed with in-floor water radiant heat & has a half bathroom. Easy access to Salem. The home is in poor condition, of little value and sold in as is condition. The value is primarily in the land and the shop/outbuilding. The best financing would be a rehab loan so the buyers can make necessary repairs to the home. The sellers may also consider short term (12 months or less), owner financing with 20% to 30% down, to allow the buyers time to complete repairs so the home will qualify for standard, conventional financing.