Financing-Friendly Auction Home with 3 Bedrooms and Finished Basement  $80,000

An exciting homeownership opportunity awaits at 3718 Revere Drive with a financing-friendly auction designed to welcome more than just cash investors. Offering three bedrooms, two full bathrooms, more than 1,500 square feet of living space, and a full finished basement, this property provides the size and features many first-time buyers are looking for while offering the unique opportunity to purchase through an auction.

With a minimum bid of $80,000, this property presents an opportunity for owner-occupants, first-time homebuyers, and investors alike. Unlike many auction properties that require cash purchases, this auction welcomes cash, conventional, FHA, and VA financing, potentially opening the door to buyers who may not have the ability or desire to purchase entirely with cash.

The home offers a practical three-bedroom, two-bathroom layout with more than 1,500 square feet of living space. The combination of bedroom space, bathrooms, common living areas, and a full finished basement provides flexibility for a variety of household needs.

For a first-time buyer, having three bedrooms can provide room to grow. The additional bedrooms could also serve as guest rooms, children’s bedrooms, home offices, hobby spaces, or other flexible areas depending on the buyer’s lifestyle.

The two full bathrooms add everyday convenience and can be especially valuable for households with multiple occupants. Having more than one full bathroom allows family members and guests to share the home more comfortably while providing additional flexibility during busy mornings and gatherings.

One of the property’s standout features is the full finished basement. Finished lower-level space can significantly expand the usable area of a home and provide numerous possibilities. Depending on the existing layout and applicable requirements, the basement could be used as a recreation room, family room, home office, exercise area, entertainment space, hobby room, or additional storage.

For buyers who work from home, the finished basement may also provide an opportunity to create a dedicated workspace away from the main living areas. For families, it can become a place for children to play or for everyone to gather for movie nights and other activities.

The home’s hardwood floors add another appealing feature. Hardwood flooring provides classic character and can complement a wide range of interior styles, from traditional to contemporary. Buyers can choose to preserve the existing character or incorporate their own design preferences over time.

Central air provides another important convenience, helping maintain comfortable indoor temperatures during warmer months. Buyers should independently verify the age, condition, operation, and maintenance history of the HVAC system during their due diligence.

Outside, the property includes a privacy fence, creating a more defined outdoor environment. A fenced yard can be useful for entertaining, relaxing, gardening, recreation, or other outdoor activities. It can also provide additional privacy from surrounding properties.

A one-car garage adds valuable covered parking and storage. The garage can provide protection from the elements while also offering space for tools, equipment, bicycles, seasonal belongings, or other household items.

The overall combination of features makes this property particularly interesting for buyers who want more than a basic starter home. The three bedrooms, two full bathrooms, finished basement, hardwood floors, central air, fenced outdoor area, and garage create a well-rounded package.

The auction format is another major part of the opportunity. The property will be offered through a simulcast auction on Thursday, August 27, 2026, at 6:00 PM, allowing buyers to participate according to the auction’s established procedures.

A minimum bid of $80,000 has been established. Buyers should understand that the minimum bid is not necessarily an indication of the final purchase price, and the auction will be governed by the official terms and bidder documentation.

A 10% buyer’s premium applies. This additional cost should be included when calculating the total acquisition budget. Buyers should carefully review how the buyer’s premium is calculated and when it is due according to the official auction terms.

One particularly attractive feature is that pre-auction offers are welcomed. This provides another potential avenue for interested buyers who want to pursue the property before the scheduled auction.

Prospective buyers should obtain and review the official bidder packet before submitting an offer or registering for the auction. The bidder packet should be treated as the controlling source for complete terms, bidding procedures, financing requirements, deposits, closing requirements, deadlines, and other conditions.

The ability to use conventional, FHA, and VA financing makes this auction particularly noteworthy. Financing can potentially make the property accessible to qualified buyers who might otherwise avoid auction properties because of cash-only requirements.

First-time homebuyers may find this especially appealing. Instead of continuing to rent, a qualified buyer could potentially use an approved mortgage to purchase a property with multiple bedrooms, finished additional space, and other features that support long-term homeownership.

Buyers considering FHA or VA financing should speak with their lender in advance to determine whether the property and the buyer’s financial circumstances meet the applicable loan requirements. Auction properties may have specific condition, appraisal, timing, or documentation requirements that can affect financing.

Conventional financing is also welcomed, giving qualified buyers another potential route to purchase.

For owner-occupants, the property offers the opportunity to build equity while living in the home. The three-bedroom layout provides flexibility for future household changes, while the finished basement offers additional usable space without requiring an immediate addition.

Investors may also find the property interesting, particularly because the home offers multiple features that can appeal to future occupants. However, investors should independently evaluate rental demand, expected expenses, renovation needs, taxes, insurance, and other financial considerations.

The property may be particularly attractive to buyers who want to purchase a home that already offers several desirable features. Hardwood floors, central air, a finished basement, a privacy fence, and a garage can all contribute to the property’s functionality and appeal.

As with any auction purchase, prospective buyers should conduct appropriate due diligence before bidding. This may include reviewing available property information, inspecting the home where permitted, evaluating the condition of major systems, confirming square footage and room information, and discussing financing requirements with a lender.

Buyers should also carefully review all auction terms before participating. The official bidder packet will provide the complete requirements governing the sale.

The auction format can create an exciting opportunity, but buyers should establish a maximum budget before bidding and remain aware of all additional costs, including the buyer’s premium, financing expenses, closing costs, inspections, insurance, taxes, and any repairs or improvements that may be necessary.

For someone ready to move from renting into homeownership, the property offers an intriguing combination of accessibility and potential. A three-bedroom home with two full bathrooms and a finished basement provides plenty of room for a first-time homeowner to establish roots and build toward the future.

The finished basement can become a recreation area, office, guest space, or family gathering room. The fenced yard offers outdoor flexibility, while the garage provides covered parking and additional storage.

The hardwood floors and existing features also provide a strong foundation for personalization. New owners can gradually make improvements as their budget allows, creating a home that reflects their own style while potentially increasing its functionality and appeal.  From: Zillow

Ultimately, 3718 Revere Drive stands out because it combines the opportunity of an auction with financing options that can make homeownership accessible to a broader group of buyers. It is not limited exclusively to cash investors.

For first-time buyers, this distinction is significant. Qualified purchasers may have the ability to compete for the property using financing rather than needing to have the entire purchase price available in cash.

With a minimum bid of $80,000, three bedrooms, two full bathrooms, over 1,500 square feet of living space, a full finished basement, hardwood floors, central air, a privacy fence, and a one-car garage, this property deserves attention from buyers searching for an affordable path toward homeownership.

Auction Details: The simulcast auction is scheduled for Thursday, August 27, 2026, at 6:00 PM. The minimum bid is $80,000. Cash, conventional, FHA, and VA financing are welcome, subject to applicable requirements. Pre-auction offers are welcomed. A 10% buyer’s premium applies. Buyers should obtain the official bidder packet for complete terms, registration requirements, financing conditions, bidding procedures, and closing information.

This could be an opportunity to stop renting and begin building equity in a home of your own. For qualified first-time buyers and owner-occupants, this financing-friendly auction provides an uncommon chance to pursue homeownership through an auction format while having multiple financing options available.

From: Zillow

From: Zillow