Estate Auction Opportunity on 2.25 Acres – 16 Parcels Included
This unique estate property presents an exceptional opportunity for investors, renovators, and visionaries looking to unlock hidden potential. Being sold to settle the estate of Richard L. Rose (Wood County Probate #20261009), this offering includes an impressive total of sixteen parcels combined into approximately 2.25 acres of land. The sale is being conducted via online auction and is strictly CASH ONLY, making it an ideal scenario for experienced buyers ready to move quickly and capitalize on a value-driven investment.
Originally built in 1932, this traditional single-family home carries the character and charm of early twentieth-century construction. With 1,020 square feet of interior living space, the home offers a manageable footprint that lends itself perfectly to a fix-and-flip project, rental conversion, or long-term hold investment. For those who understand the power of transformation, this property represents a blank canvas waiting to be revitalized.
The home features two bedrooms and one full bathroom, all situated on a single-level layout. The primary bedroom measures approximately 12 by 12 feet and is located on the main level, providing comfortable proportions and practical accessibility. The second bedroom, also on the main level, measures 12 by 9 feet and offers flexibility as a guest room, office space, or additional living area depending on renovation plans.
The living room spans 15 by 12 feet, creating a welcoming central gathering space. With thoughtful updates, this area could easily become the heart of the home, blending modern finishes with the property’s traditional architectural style. The kitchen, generously sized at 18 by 15 feet, offers significant potential for redesign. Its spacious footprint allows room for cabinetry expansion, an island installation, or even a combined dining concept that aligns with today’s open-living preferences.
Currently, the home does not have installed heating or cooling systems, which gives investors full freedom to design and implement modern HVAC solutions according to current building standards and energy-efficiency goals. This flexibility is often advantageous in renovation properties, allowing buyers to tailor systems to their preferred specifications without working around outdated equipment.
The structure itself is built with a combination of block and frame construction and is finished with vinyl siding. The foundation consists of block with a crawl space, offering access for future mechanical upgrades or structural improvements. The roof is composed of asphalt shingles, a widely used and serviceable roofing material. While the home is not new construction, its solid structural components provide a foundation upon which significant value can be added.
Inside, the flooring is categorized as “other,” indicating an opportunity for complete customization. Whether a buyer envisions hardwood flooring for timeless appeal, luxury vinyl plank for durability, or tile for low maintenance, the interior can be redesigned from the ground up to meet contemporary expectations. The absence of a basement and fireplace simplifies structural planning and allows investors to focus resources on aesthetic and functional upgrades.
Situated on an irregularly shaped lot totaling 2.25 acres across sixteen parcels, the property offers a rare combination of residential living and land ownership flexibility. Multiple parcels can open doors to creative possibilities, including future resale of individual parcels (subject to local regulations), expanded development, additional outbuildings, or long-term land investment strategies. Acreage of this size provides breathing room, privacy, and versatility that smaller suburban lots simply cannot match.
The property includes additional structures, notably barn(s), which add another layer of opportunity. Whether repurposed for storage, workshop space, hobby farming, equipment housing, or even creative redevelopment, these structures enhance the overall value proposition. Investors seeking rural or semi-rural property flips often find that outbuildings significantly increase buyer appeal, particularly for those seeking functional land use.
Parking is accommodated via a gravel driveway with space for two vehicles, and there are uncovered parking areas available. The road frontage features an asphalt surface, providing reliable access to the property. Utilities available include electricity, natural gas, public sewer connection, cable availability, and water access (noted as “other”). The presence of connected sewer and accessible utilities reduces uncertainty and simplifies renovation planning compared to undeveloped land.
From an investment perspective, this auction presents compelling numbers. With a listed price per square foot of just $1, this offering is clearly structured to attract competitive bidding and strong investor interest. The auction preview is scheduled for Sunday, March 1st at 1:00 pm, with bidding concluding the same day at 6:00 pm. The defined timeline creates urgency and encourages decisive action from serious buyers.
Because the sale is cash only, this property is especially well-suited for experienced investors, contractors, or buyers with renovation financing already secured. Cash transactions often allow for faster closings, fewer contingencies, and stronger negotiating positions. For fix-and-flip specialists, the ability to acquire property at auction pricing can significantly improve return margins.
The home’s traditional architectural style offers timeless curb appeal potential. With updated siding accents, refreshed landscaping across the 2.25 acres, and exterior improvements to the barn structures, the property could be transformed into an attractive rural residence with modern comfort. The single-story layout is particularly appealing to buyers seeking ease of access and long-term practicality.
Beyond resale value, this property could also serve as a rental investment. With strategic updates—new flooring, modern kitchen cabinetry, bathroom renovation, HVAC installation, and cosmetic improvements—the home could become a steady income-producing asset. The acreage adds further appeal for tenants seeking space and privacy.
Additionally, the inclusion of sixteen separate parcels is noteworthy. Such a configuration is uncommon and may provide future development flexibility depending on zoning regulations. Investors with a long-term vision may explore subdivision potential, additional building sites, or strategic parcel sales to recoup initial investment costs while retaining the primary residence and select acreage.
The home is located in Cygnet and does not belong to a subdivision or homeowners association, meaning there are no HOA fees or restrictive covenants to limit improvement plans. The absence of HOA oversight can be particularly attractive to buyers seeking autonomy in renovation and land use decisions.
While the property does require work and modernization, that is precisely where its opportunity lies. The estate sale format, combined with auction terms, positions this property as a high-potential value acquisition. Buyers willing to invest time, creativity, and capital into improvements may realize significant upside.
In summary, this estate auction offering combines land, structure, and flexibility into one compelling investment package. With 2.25 acres spread across sixteen parcels, a 1,020-square-foot traditional home, barn structures, utility access, and a defined auction timeline, this is a rare chance to secure a property with strong redevelopment potential. Whether your goal is a fix-and-flip project, a rental portfolio addition, or a long-term land investment, this property provides the foundation to build value.
Serious cash buyers and investors should take note of the preview and bidding dates and conduct appropriate due diligence prior to auction close. Opportunities like this—especially those combining acreage, multiple parcels, and estate pricing—are not always readily available. With the right vision and execution, this property could be transformed into a highly rewarding investment.
Listed on Zillow