$305,000

Probate as allowed the sale to progress. This is a short sale and the list price is the lowest it can go! A prime opportunity awaits a motivated buyer or investor in one of Peterborough's most desirable, well-established neighborhoods. This classic 1960s Ranch, boasting great bones and 1, 330 square feet of single-level living, is ideally located close to schools and the vibrant downtown area, offering tremendous potential for future equity. The home features three bedrooms, one and a half bathrooms, and a practical two-car attached garage. Interior details include attractive oak hardwood floors throughout the main living areas and a traditional wood-burning fireplace in the living room, adding warmth and character. Practical updates include the installation of vinyl windows approximately ten years ago. The home will soon need a new roof and a new boiler, and the exterior requires new paint. Due to its current condition and the fact that the seller is unable to commit to any repairs (as the property is subject to a reverse mortgage), it is highly unlikely to qualify for FHA or VA financing; buyers should plan for a cash purchase or conventional renovation loan. This is an excellent chance for a cash buyer or contractor to renovate and customize a solid home in a premium location. Location! Location! OPEN HOUSE SUNDAY 2/1 from 2-4. Only Showing! Offers reviewed on Monday. See Private remarks.