Renovation Opportunity: 3-Bedroom Land Bank Home with Adjacent Lot Included

39 minutes ago

If you’ve been searching for a renovation opportunity with tremendous long-term potential, this Lucas County Land Bank property offers exactly that and more. Featuring a 1.5-story layout, 3 bedrooms, 1 full bathroom, a basement, and an adjacent lot being combined, this property provides investors and owner-occupants with a rare chance to transform a classic home into a modern, functional, and valuable living space.

While the home requires substantial work—including replacement or repair of major systems—the Land Bank is welcoming offers from both investors and future owner-occupants. With the right renovation plan, vision, and commitment, this home has the potential to become a charming, updated residence on a spacious combined lot. Opportunities like this rarely come along, especially with an additional parcel included.

🌟 A Classic 1.5-Story Home Ready for Reinvention

The property offers a traditional 1.5-story floor plan, a style loved for its character, versatility, and cozy layouts. Inside, the home features:

3 bedrooms
1 full bathroom
Basement for storage or future finishing
Dining room with a built-in cabinet
Breakfast nook
Large closets with ample storage

Even though the property is in need of major rehabilitation, the core layout and structural style provide a great base to work from. Homes of this era often feature charming details—including woodwork, original moldings, built-ins, and efficient room arrangements—that can be beautifully restored or modernized during renovation.

🍽️ Breakfast Nook and Built-In Dining Room Features

One of the standout features of this home is its breakfast nook, a classic design element that adds warmth and charm to the kitchen area. Breakfast nooks are increasingly sought after today for their cozy appeal—they create a perfect space to enjoy morning coffee, casual meals, or family gatherings.

The dining room includes a beautiful built-in, giving the home a sense of character and craftsmanship. Built-ins are not only functional, providing storage and display options, but also add architectural interest that sets older homes apart from modern cookie-cutter designs. Restoring or enhancing this built-in can instantly elevate the aesthetic appeal of the home.

🛏️ Three Bedrooms with Large Closets

The home includes three well-sized bedrooms, each offering plenty of space for personalization and use. Whether needed for family living, work-from-home setups, guest rooms, or hobby spaces, the bedrooms offer flexibility.

The large closets throughout the home are a rare bonus for older properties. Storage space is extremely valuable, and these closets provide ample room for clothing, linens, and household items—making future living more comfortable and organized.

📦 Full Basement for Storage or Future Expansion

A full basement provides even more potential. While currently in need of renovation along with the rest of the home, the basement could become:

A laundry room
Additional storage
A workshop
A finished recreational area
A hobby or crafting space
A home gym

The additional square footage available in the basement expands what this home could eventually become after repairs and updates.

🌳 Adjacent Lot Being Combined—More Space, More Value

One of the most significant advantages of this property is the adjacent lot at 342 E Weber, owned by the Land Bank and currently in the process of being combined with the main parcel.

This expansion dramatically increases the overall potential of the property.

Once combined, the larger lot offers:

More outdoor space
Room for additions
Garden or landscaping opportunities
A larger yard for pets or children
Parking expansion options
Garage or shed construction possibilities
A more open, private, and spacious feel

This combined parcel not only increases usability but also enhances long-term property value.

🔧 Major Systems Require Replacement or Repair

This property is a full renovation project, and transparency is essential. The Land Bank notes that the following major systems require repair or replacement:

Furnace
Water Heater
Plumbing
Electrical
Roof

For experienced investors, renovators, contractors, or buyers ready for a project, this provides an opportunity to modernize the home from top to bottom. While the repairs are significant, the ability to fully update major systems allows the next owner to create a reliable, efficient, safe, and high-performing home with decades of life ahead.

🔨 A Full Renovation Plan and Proof of Funds Required

Because this is a Land Bank property, all buyers must submit:

A complete renovation plan, outlining all intended repairs and improvements
Proof of funds sufficient to complete the entire project

This ensures that the home will be restored properly, fully, and with long-term success in mind. It also helps protect community stability and supports responsible property rehabilitation.

The Land Bank’s goal is to transform vacant or distressed properties into quality homes that improve neighborhoods—and this requirement is part of that mission.

💼 Open to Both Investors and Owner-Occupants

One of the strengths of this opportunity is that the Land Bank is inviting offers from:

🏠 Owner-Occupants

Individuals or families looking to purchase and renovate a home they will live in.
Buyers in this category often benefit from:

Lower purchase prices
Community revitalization programs
The ability to customize the home completely

📈 Investors

Contractors, investors, or developers capable of completing the renovation and bringing the property back to market as a rental or resale.
This home’s additional lot and layout make it particularly appealing for investment.

🌆 A Home with Long-Term Value and Future Potential

Even though the home requires extensive repairs, the opportunity it represents remains significant. A renovated 3-bedroom home on a combined larger lot can have strong market appeal—especially in an area where Land Bank-owned properties are receiving focused attention and revitalization efforts.

Future value can be influenced by:

New mechanical systems
Updated roof
Modernized plumbing and electrical
Revamped interior design
Improved curb appeal
Expanded use of the combined lot

With thoughtful planning, the property can become a comfortable residence or a profitable investment with long-lasting value.

📝 Final Thoughts: A Rare Opportunity for the Right Buyer

This Lucas County Land Bank home presents an exceptional chance to take on a meaningful renovation project with long-term benefits. With a classic 1.5-story layout, breakfast nook, built-in dining room features, a basement, large closets, and a combined lot, the bones of a fantastic home are already here.

What it needs is vision.
What it offers is potential.
What it promises is value—once the work is done.

For investors, homeowners, or contractors willing to take on a full renovation, this property is a unique opportunity to build something truly special.