2-Bedroom Manufactured Home in Franklin, Virginia Listed for $1,500

A manufactured home in Franklin, Virginia, is currently listed at an asking price of just $1,500, attracting attention from buyers looking for an affordable housing opportunity.

Located at 31223 Williams St #120 in Franklin, Virginia, the property is a two-bedroom, one-bathroom manufactured home built in 1982. It is located within Franklin Farms Mobile Home Community and is situated on leased land.

The exceptionally low asking price makes the property unusual compared with many traditional residential listings. However, prospective buyers should look beyond the purchase price and understand the community arrangement, including the listed land lease amount and other potential costs associated with owning and maintaining a manufactured home.

According to the listing information provided, the home features a kitchen, living room, master bedroom, bonus room, and first-floor bathroom. The kitchen is described as open and includes laminate countertops, while the flooring is listed as vinyl.

A $1,500 Asking Price

The most noticeable feature of this listing is its $1,500 asking price.

At first glance, such a price can appear unusually low for a residential property. However, this is not a traditional single-family home being sold together with a privately owned parcel of land.

The listing identifies the property as a manufactured home located on leased land. This distinction is important because purchasing the home does not necessarily mean purchasing the land beneath it.

According to the listing, the lease amount is $340.

Potential buyers should therefore consider the $1,500 figure as the listed purchase price for the manufactured home and separately review the terms and costs associated with the land lease and community.

Located in Franklin, Virginia

The home is located in Franklin, Virginia, a community in the southeastern part of the state.

The property is situated at 31223 Williams St #120 and is part of Franklin Farms Mobile Home Community.

The location within a mobile home community provides a different ownership structure from a conventional detached house. Instead of owning the land directly, residents generally occupy a designated space within the community under a lease arrangement.

Anyone considering the property should carefully review the specific lease terms before purchasing.

Two-Bedroom Layout

The manufactured home has two bedrooms and one full bathroom.

A two-bedroom layout can provide a practical amount of space for a small household, individual buyer, couple, or someone looking for an additional room that could serve as an office or guest space.

The listing identifies a master bedroom along with a bonus room.

The exact dimensions of the rooms are not provided in the listing information supplied here, so buyers should arrange a viewing to understand the actual size and configuration of the interior.

One Full Bathroom

The home includes one full bathroom.

The listing identifies the bathroom as being on the first floor, which is consistent with the single-level nature typically associated with many manufactured homes.

Having the bathroom on the main level can provide convenient access for residents and guests.

Prospective buyers should inspect the bathroom’s fixtures, plumbing, ventilation, flooring, and general condition during a viewing.

Open Kitchen

The kitchen is described as having an open design with laminate countertops.

An open kitchen can make a relatively compact manufactured home feel more connected to the living area.

The kitchen is one of the most frequently used spaces in a home, so prospective buyers may want to examine the condition of the cabinets, countertops, flooring, appliances, plumbing fixtures, and available storage.

Because the listing provides limited information about the appliances, buyers should confirm which appliances, if any, are included with the sale.

Living Room and Bonus Room

The home includes a living room as well as a bonus room.

A living room provides the primary shared space for relaxing and spending time with family or guests.

The bonus room could potentially be used in several ways depending on its size and configuration. It might serve as an office, hobby area, storage space, reading room, or additional flexible living area.

The actual condition and dimensions of the room should be verified during an in-person inspection.

Vinyl Flooring

The listing identifies vinyl as the property’s flooring material.

Vinyl flooring can be practical for a manufactured home because it is generally easy to maintain and can work well in areas exposed to regular household activity.

However, the condition of existing flooring is more important than the material itself.

Potential buyers should check for damaged sections, loose areas, water-related problems, or signs of wear before making a purchase.

Built in 1982

The manufactured home was built in 1982.

As with any older property, age should be considered when evaluating the condition of the structure and its various systems.

Buyers may want to examine the roof, exterior siding, windows, plumbing, electrical system, heating equipment, flooring, and other components.

The listing identifies aluminum siding and a metal roof.

A professional inspection can provide additional information about the condition of the home and help identify repairs that may be necessary.

The Home Is on Leased Land

One of the most important details in this listing is that the property is located on leased land.

This means that the buyer should not assume that the purchase includes ownership of the land beneath the manufactured home.

The listing specifically states that the home is on leased land and identifies a lease amount of $340.

This recurring cost is an important part of evaluating the property’s overall affordability.

Before purchasing, buyers should review the lease agreement carefully and determine what is included in the monthly amount, whether additional community fees apply, how the lease can change over time, and what rules govern residents.

Understanding the $340 Lease Amount

The listed lease amount is $340.

When considering a manufactured home in a community, buyers should look beyond the initial purchase price and calculate the ongoing cost of living there.

The $1,500 purchase price may appear very low, but the land lease represents a recurring expense.

Other potential expenses can include utilities, insurance, repairs, maintenance, taxes or fees applicable to the home, and any community-related charges.

The exact total cost will depend on the buyer’s circumstances and the terms of the community agreement.

Franklin Farms Mobile Home Community

The home is located in Franklin Farms Mobile Home Community.

The listing describes the community as family-oriented and notes that it is situated close to shopping areas.

Community living can offer advantages for buyers who prefer a neighborhood environment rather than a standalone property.

At the same time, manufactured home communities can have rules concerning exterior improvements, pets, parking, maintenance, visitors, and other aspects of daily life.

Prospective residents should review all community policies before completing a purchase.

Driveway Parking

The property includes driveway parking and uncovered parking spaces.

For a two-bedroom manufactured home, having dedicated driveway space can be a practical feature.

Buyers should confirm the number of permitted vehicles and whether the community has additional parking rules.

If a buyer has more than one vehicle, recreational equipment, or a trailer, it is especially important to understand the community’s parking policies before purchasing.

No Basement

The listing indicates that the home does not have a basement.

This is not unusual for manufactured housing and means buyers should consider the available interior storage carefully.

The property does, however, include a bonus room, which may provide some additional flexibility depending on its layout.

Storage needs can be addressed through furniture, closets, outdoor storage solutions, or other options permitted by the community.

Heating

The listing indicates that the home has heating, although the specific type is not identified in the supplied information.

Potential buyers should confirm the heating system during a viewing or inspection.

Understanding the age and condition of the heating equipment can be important when estimating future maintenance and utility costs.

For an older manufactured home, buyers may also want to evaluate insulation, windows, doors, and other factors that influence energy efficiency.

Water and Sewer

The property information identifies community sewer service and well water.

These utility arrangements can differ from those found in conventional city housing.

Prospective buyers should ask for additional information about the community’s water system, including how water service is maintained and billed.

The same applies to sewer service and any related community charges.

Understanding how utilities are handled can help buyers calculate their actual monthly housing expenses.

What the $1,500 Price Does and Does Not Mean

The exceptionally low asking price is likely to attract significant attention, but buyers should avoid looking at the purchase price in isolation.

A $1,500 manufactured home is not necessarily equivalent to purchasing a $1,500 traditional house.

The ownership structure is different, particularly because the home is on leased land.

The buyer should evaluate the home itself, the land lease, community requirements, condition of the structure, ongoing costs, and any necessary repairs.

This broader perspective provides a more realistic picture of the potential financial commitment.

A Potential Option for Buyers Seeking Affordability

Manufactured housing can provide an alternative path for people searching for more affordable residential options.

The lower initial purchase price of this particular home could make it interesting to buyers who have a limited budget and are comfortable with the responsibilities associated with an older manufactured home.

However, affordability should always be evaluated over the entire period of ownership.

Monthly land lease payments, utilities, insurance, maintenance, repairs, and other expenses can add substantially to the initial purchase price.

A careful budget can help determine whether the property is appropriate for a particular buyer.

Important Questions Before Purchasing

Anyone considering this property should ask several questions before making a purchase.

First, the buyer should obtain and review the complete land-lease agreement.

It is also useful to understand whether the $340 lease amount is fixed or subject to future changes.

Buyers should ask about community rules, utility arrangements, maintenance responsibilities, insurance requirements, and any transfer or approval requirements associated with the sale of the manufactured home.

The condition of the home should also be evaluated carefully.

Questions about the roof, plumbing, electrical system, heating, flooring, windows, exterior siding, and structural condition can help identify potential expenses.

Why an Inspection Still Matters

The relatively low purchase price does not eliminate the importance of an inspection.

In fact, the age of the home makes understanding its condition particularly relevant.

An inspection may identify issues that are not obvious during a quick viewing.

While the cost of an inspection is an additional expense, it can provide useful information before a buyer commits to the purchase.

Buyers should also determine whether inspections are permitted or recommended under the community’s purchase process.

Shopping and Everyday Convenience

The listing describes the property as being located close to shopping areas.

Convenient access to stores can be useful for everyday living, particularly for residents who want basic services within a reasonable distance.

However, buyers should independently evaluate the actual travel times to grocery stores, pharmacies, schools, employment locations, healthcare services, and other destinations that matter to them.

The practical value of a location depends heavily on an individual’s daily routine.

A Different Kind of Homeownership

This Franklin property illustrates how homeownership can take several different forms.

Instead of purchasing a conventional house and land, a manufactured home buyer may purchase the structure while leasing the land within a residential community.

That arrangement can provide a lower entry price, but it also comes with different financial and contractual considerations.

Understanding those differences is essential before making a purchase decision.

Final Thoughts

The manufactured home at 31223 Williams St #120 in Franklin, Virginia, is listed at $1,500 and offers two bedrooms and one full bathroom.

Built in 1982, the home features a kitchen with an open layout, laminate countertops, a living room, a master bedroom, a bonus room, and vinyl flooring.

The property is located within Franklin Farms Mobile Home Community and sits on leased land. The listing identifies the lease amount as $340.

The home also has driveway parking, aluminum siding, a metal roof, community sewer service, and well water.

The low purchase price makes the listing noteworthy, but the $1,500 figure should not be considered the complete cost of ownership. The land lease and other ongoing expenses are important parts of the financial picture.

For buyers considering the property, reviewing the lease agreement, understanding community rules, inspecting the home, and calculating ongoing expenses can provide a much clearer picture of whether the property fits their needs.

Ultimately, this listing may appeal to buyers searching for a low-cost manufactured home in Virginia who are comfortable with leased-land living and the responsibilities associated with an older property.

As with any real estate purchase, prospective buyers should verify all listing details directly with the seller or listing representative before making financial decisions. Property information, availability, pricing, lease terms, and other conditions can change over time.

 

From Zillow