Key Takeaways:
- 1901 Freeman Avenue is a sought-after historic property in Owensboro, built in 1931, blending historical charm with modern amenities.
- The average price per square foot in the Owensboro real estate market has risen to $155, indicating strong market growth.
- The property’s value has seen a significant increase, from $115,000 in 2008 to $359,900 today, highlighting its investment potential.
A Prime Investment Opportunity in Owensboro
1901 Freeman Avenue, a cornerstone in Owensboro, draws intense investor focus amidst escalating real estate demand. Built in 1931, this 2323-square-foot historic residence melds charm with modern conveniences.
As Owensboro’s market spikes, with an average of $155 per square foot, opportunities abound. Located near RiverPark Center, it epitomizes a prime investment.
Witnessing price surges—from $115,000 in 2008 to $359,900 today—it embodies both past grandeur and promising futures. Discover this opportunity burgeoning with potential.
Owensboro’s Real Estate Gem: A Historic Opportunity
In the heart of Owensboro, where the hum of the Ohio River lures industrious investors, lies 1901 Freeman Avenue—a property steeped in history and potential. Built in 1931, this single-family home encapsulates the essence of Owensboro history while offering modern conveniences.
Situated in the Griffith area, it stands as a hallmark to both past and future opportunities. Owensboro has witnessed a burgeoning interest in real estate, fueled by an increasing demand for properties. Investors, drawn by the region’s rich history and burgeoning market, are flocking to such opportunities.
The 2323-square-foot home is priced at $359,900, reflecting the rising market trends. The constant hum around Griffith partially stems from its accessibility to local amenities, schools, and community centers. Echoing through RiverPark Center’s theater, the buzz around this property is unmistakable.
Each arch doorway whispers stories of decades gone by, while modern touches like A/C and built-ins amplify its contemporary appeal. A wide deck and a garage extend the living space outdoors, enhancing the property’s allure for investors.
These features are compelling, yet, they are set against the backdrop of a competitive real estate environment. The neighborhood streets, whispering with memories of Owensboro’s evolution, add to the property’s historic charm. Located at 1901 Freeman Ave, this home offers promising opportunities in a dynamically changing real estate market.
From Brick beauty to modern functionality, this property beckons those with an eye for investments. The price per square foot—approximately $155—indicates a strategic appeal in the growing demand seen across Griffith.
The area’s real estate conditions are dynamic, reflecting broader market trends. The energy seeping from the Daviess County recreational facilities captures the inherent potential for profitability here.
Previously sold at just $249,900 in 2019, and a mere $115,000 in 2008, its value has dramatically shifted. Investors recognize both the challenges and opportunities inherent in these numbers.
The property has garnered interest, not only for its current listing value but also for its potential return on investment. The transformation of its price positions 1901 Freeman Avenue at the forefront of Owensboro’s real estate discussions.
The lack of HOA fees adds another layer of attraction for prospective buyers wary of additional costs. Listed by The Moose Group with Keller Williams Elite, this property’s representation highlights its potential within the Greater Owensboro Realtor Association.
Opportunities for community engagement abound, as the local environment, with events and well-developed infrastructure, supports vibrant living.
Assessment
Hey there! If you’re keeping an eye on Owensboro’s real estate scene, you might want to check out 1901 Freeman Avenue.
It’s got everyone talking with its charming historical vibe and location right next to the Bluegrass Music Hall of Fame.
There’s a bit of a scramble going on, though, as investors are throwing in competitive bids left and right.
The market’s got some bumps, and it’s a bit like a rollercoaster right now.
You’ve got to be quick on your feet and ready to dive in if this sounds like your kind of opportunity.
So, what do you say?
Don’t wait too long—this could be your golden ticket in Owensboro’s bustling market!
