130 Riverside Dr, Stuart, VA 24171

PRICED BELOW TAX ASSESSMENT of $51700. Flippers, Investors, or ambitious people looking to create themselves an economical home, YOU NEED TO HAVE A LOOK! This lot is a tad under an acre of land with approximately 130ft of Poorhouse Creek frontage, a well known trout stream. The home on the property could easily be renovated, but is in a 100yr flood plain, and per FEMA regulations, no new additions can be built to the current home, so the preexisting 1950 portion of the structure has been left as “grandfathered” square footage for possible remodeling and additional square footage. The lot would be an excellent recreational property if a buyer wanted to remove the house and add a camper, or move upward and create a totally new home. The home and land are being sold as-is where is, and is a blank canvas for an innovative buyer. The neighborhood consist of 4 other full time households that share ownership of the road and the newly built bridge leading into the community.The buyer of this … read more …