A Greek Revival Home Built in 1856 for $210,000

I stumbled upon this old, historic fixer-upper for sale in Clinton, NC. It’s been on the market for a while and was recently reduced to $210,000.
It’s known as the Allmond Holmes House. Built in 1856, it’s on 1-acre of land with three other structures on the property (original smoke house and 2 guest houses).
Photo: www.oldhousedreams.com
The architectual details are beautiful. However, the home needs a lot of TLC/rehab work. For the right person, in the right situation, it might be a good deal.
How much money would need to be spent to restore it? When doing a major renovation/rebuild/rehab, the owner cannot exceed the ceiling for the neighborhood/location/geographic area. If they do, the owner will never get their money back.
As we all know, home renovation is rife with hidden expenses. It’s usually all the little things that weren’t thought about that add up. It happens to everybody, and it’s OK, as long as you’re in the right location.
As they say, “Location, location, location.”
Photo: www.oldhousedreams.com
Check out the porch!

2 thoughts on “A Greek Revival Home Built in 1856 for $210,000

  1. I love it!

    If only I were in a position to say money is no object.

    Some projects are a labor of love, rather than numbers on a balance sheet.

    There was a perfectly lovely historic home in Owatonna I just drooled over. I dreamed about it. I even contacted the sellers and we exchanged several e-mails. But in the end it turned out they had let it go too far. They had turned off the heat in the winter and the radiators were burst and there was water damage. And undisclosed in photos or the description, the beam over the front porch entrance was broken. That was pretty much the last straw. I’m sure it needed a new roof as well and who knows what else? It was a great location for a bed and breakfast on a double lot with a large parking lot as it had been rented to a lawyer’s firm for years. It had no kitchen which was actually a plus as it would have been a clean install rather than a gut. 11 x 14 kitchen. The hardwood, the Victorian details. There was even a carriage house with the potential for an income rental.

    But I couldn’t see buying such a pig in a poke, not knowing the extent of the damage the broken beam suggested.

    In the end, that beautiful house was razed to the ground and the land sold. I do hope someone went in there and stripped it of all of the details before it was destroyed.

    Then there’s Grey Gardens.

    Can you really put a price on what will be your home for so long, plus the history behind it? Sometimes you can’t put a price tag on bringing a home back from the brink.

    I’m sorry the Rosebrock-Darby house is no more.

    But I hope someone saves this lovely historic home. While it might need work, it doesn’t look as far gone as some I’ve seen.

    The interiors are lovely but the kitchen is a complete gut. But then, most homes you buy, whatever the age, require work in the bathrooms and kitchen.

    Both of the guest houses also need some updating but are rented and that would be income.

    The price is still a bit high at $210,000. $206,000 would be more competitive, plus you’d have to deduct for at least some of the work it needs. It has much of it’s original details and has not been bastardized or striped as some properties have. It has a lot of it’s original details.

    I’d offer $185 and negotiate from there. But then, I haven’t won the lottery yet. Plus the downside is you’d have to LIVE in North Carolina.

    I suspect what scares many buyers off is not necessarily the amount of work needed but the fact that it is on the historic register. That puts a lot of restrictions on what can and cannot be done.


  2. First, I love the photo of the snow on your house. I thought about it the other day and today, it’s here. It’s beautiful!

    Sometimes finding enchanting homes is a good catalyst to create a story about them and who lives there.

    Nine years ago there was a marvelous old farmhouse up the street circa 1930 with a huge amount of acreage. They hung their clothes out to dry in the backyard and had a chicken coup and when I walked by the rooster would crow. Later I saw the couple who lived there, around 60’s and the front porch was decorated with old fashioned outdoor things. So to say I loved it was an understatement.

    Now nearly a year ago I saw a sign and they were putting things out for sale and I discovered they didn’t own the house, but had rented it for 18 years and lovingly. The bank that owned it threw them out without legal notice, then let them back for 2 months and told them they shouldn’t damage anything or they’d be held accountable. The male resident was so upset as they had done many upgrades at their own cost.

    3 weeks after they left the bank tore the house down and is awaiting permits to build condo’s on the property and it breaks my heart every time I see it.

    Yet, the story I had developed in my thoughts about it remain and I can still see it in my minds eye as a place where once love lived.

    And your share today reminded me of days long gone when women in white dresses might sit on that lovely porch and serve lemonade or sweet tea.

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