3-Bedroom Home on 1 Acre with Renovation Potential

10 minutes read

Waupaca Country Property Auction: 3-Bedroom Home on 1 Acre with Renovation Potential

A Unique Opportunity for Investors, Contractors, and Buyers with Vision

Finding an affordable property with land, privacy, and substantial renovation potential can be challenging, especially when buyers are searching for opportunities outside crowded urban markets. This one-acre property just south of Waupaca presents an interesting option for investors, contractors, renovation specialists, and buyers who are comfortable taking on a substantial project.

The property features a 3-bedroom, 1-bathroom, one-and-a-half-story home with approximately 1,084 square feet of interior space. Surrounded by a lush country setting, the residence offers the opportunity to create a personalized rural home while maintaining convenient access to the Waupaca area.

This is not a turnkey property. The home is described as needing extensive repairs, and the detached one-car garage also requires major maintenance. However, the property has several elements that may appeal to buyers who understand renovation, including a one-acre parcel, an existing residence, a partial stone basement, well and septic systems, and relatively newer mechanical components including a boiler and on-demand water heater that are approximately two years old.

The property is being offered through an online-only timed auction, making the auction process an important part of the opportunity.

Online-Only HiBid Auction

The property is being sold through an Internet-only timed auction using HiBid.com.

The listing price represents the opening bid, not necessarily the final purchase price. At the conclusion of the auction, the property will sell to the highest bid upon seller confirmation.

According to the listing:

Bidding starts: June 17, 2026
Auction close: July 15, 2026 at 4:00 PM
Auction format: Online / Internet Only / Timed Auction
Platform: HiBid
Sale condition: Highest bid upon seller confirmation

Auction buyers should understand that the final purchase price can differ from the opening bid. Anyone considering participation should carefully review the auction terms, registration requirements, closing procedures, and buyer obligations before submitting a bid.

Country Living on Approximately One Acre

One of the strongest features of this property is the setting.

The home sits on approximately one acre of land, offering more outdoor space than many conventional residential properties in town.

The property is located just south of Waupaca, providing a rural atmosphere while remaining within reach of local services and amenities.

The landscape is described as lush, creating an appealing backdrop for someone who wants the feeling of country living without purchasing a large agricultural property.

A one-acre parcel can offer numerous possibilities, including:

Gardening
Outdoor recreation
Landscaping
Fire pit areas
Children’s play space
Pet areas
Hobby projects
Small-scale homesteading activities
Outdoor storage
Future improvements

Any intended use should be confirmed with the appropriate local authorities and zoning officials.

Three-Bedroom Home with a Unique Layout

The home provides approximately 1,084 square feet of interior living space.

Its one-and-a-half-story design creates an interesting layout, with the primary sleeping areas located upstairs and the main living spaces positioned on the lower level.

The three-bedroom configuration can work well for a variety of household arrangements.

The upper level includes three bedrooms:

Primary bedroom: approximately 11 by 15 feet
Bedroom two: approximately 10 by 15 feet
Bedroom three: approximately 8 by 11 feet

This arrangement gives the home enough bedroom capacity for a small family, guests, or an owner looking for additional rooms for office or hobby use.

Main-Level Living Space

The main level includes the kitchen, living room, and office.

The living room measures approximately 10 by 13 feet, creating a practical central gathering area.

The kitchen measures approximately 9 by 10 feet.

Although the property requires extensive repairs, the existing floor plan provides a starting point for renovation.

A future owner could potentially redesign portions of the interior, update finishes, improve storage, and create a more modern living environment while working within the existing structure.

Because the property is being sold as-is, buyers should evaluate the condition of all major systems and structural components before bidding.

Dedicated Office Space

One particularly useful feature is the dedicated office area.

The approximately 11 by 6-foot office provides space that could be used as a home office, study, hobby room, craft area, or additional storage.

With remote work continuing to influence housing preferences, having a designated workspace can be valuable for modern homeowners.

The room could also be adapted according to the future owner’s needs.

Three Bedrooms Upstairs

The upper level contains all three bedrooms.

The approximately 11-by-15-foot primary bedroom offers the largest sleeping space.

The second bedroom is approximately 10 by 15 feet, while the third bedroom measures approximately 8 by 11 feet.

This arrangement provides flexibility for family living or guests.

An investor considering the property as a rental should evaluate the local market, rental demand, comparable properties, expected renovation costs, and applicable regulations before assuming any potential rental income.

One Full Bathroom

The home currently offers one full bathroom.

For a three-bedroom property, this is an important factor to consider when evaluating the home’s current functionality and renovation possibilities.

Depending on the existing plumbing configuration, local building codes, available space, and project budget, a future owner may wish to investigate bathroom improvements or potential expansion.

Any addition or alteration should be reviewed by qualified contractors and local permitting authorities.

Extensive Repairs Required

This property should be approached as a renovation project rather than a move-in-ready home.

The listing specifically states that the home needs extensive repairs.

That makes due diligence especially important.

Potential buyers should carefully inspect:

Foundation
Structural framing
Roof
Exterior siding
Windows
Electrical systems
Plumbing
Heating systems
Insulation
Flooring
Walls and ceilings
Kitchen
Bathroom
Well
Septic system
Drainage
Garage
Interior finishes

The exact scope and cost of the repairs should be determined by qualified professionals.

For contractors and experienced investors, the property’s condition may represent an opportunity to create value through strategic renovation. For buyers without renovation experience, however, the project should be evaluated carefully before bidding.

Newer Boiler and On-Demand Water Heater

Despite the overall renovation needs, the property has some relatively recent mechanical improvements.

The listing indicates that the boiler and on-demand water heater are approximately two years old.

This is a notable detail because major mechanical systems can represent a significant portion of a renovation budget.

The home uses propane radiant heating, according to the listed facts and features.

While the newer equipment may be beneficial, buyers should still have the systems professionally inspected and verify their age, installation quality, maintenance history, and current operating condition.

Detached One-Car Garage

The property includes a detached one-car garage.

The garage requires major maintenance, according to the listing.

For an investor or contractor, the garage could potentially become another component of the renovation strategy.

Depending on its structural condition, it could be restored for:

Vehicle storage
Workshop use
Tool storage
Outdoor equipment
Hobby activities
Additional covered storage

Before assigning value to the garage, buyers should have its roof, foundation, framing, doors, electrical components, and overall structure evaluated.

Partial Stone Basement

The property includes a partial stone basement.

Older stone foundations can be an important architectural and structural characteristic, but they also require careful inspection.

A professional evaluation can help identify potential concerns involving moisture, drainage, masonry, structural movement, ventilation, and water intrusion.

The basement may provide utility and storage space, although its condition and suitability for any specific use should be verified.

Well and Septic Systems

The property uses a private well and septic system.

These systems are common in rural and semi-rural properties and provide independence from municipal water and sewer infrastructure.

However, they also require appropriate inspection and maintenance.

Potential buyers should consider obtaining professional inspections of both the well and septic system.

Important questions may include:

Well production
Water quality
Septic tank condition
Drain field condition
System age
Previous maintenance
Applicable local requirements

Because the property is being sold as-is, these systems should be part of the buyer’s due diligence process.

Cedar Exterior

The home’s construction materials include cedar.

Cedar can provide a distinctive natural appearance that complements a wooded or rural environment.

With proper maintenance and appropriate exterior treatment, cedar can contribute to the home’s long-term curb appeal.

For a renovation project, the existing exterior could potentially become an important part of the property’s finished aesthetic.

A Property for Contractors

Contractors may find the property particularly interesting because the existing structure provides a starting point.

Instead of beginning with undeveloped land, a buyer is acquiring an existing residence with established utility infrastructure and an existing floor plan.

An experienced contractor could evaluate the property based on:

Acquisition cost
Renovation budget
Material costs
Labor requirements
Mechanical upgrades
Exterior improvements
Garage rehabilitation
Landscaping
Holding costs
Potential resale value

This type of analysis can help determine whether the project makes financial sense.

Potential for an Investment Property

Real estate investors may also want to analyze the property.

The combination of three bedrooms, one bathroom, one acre, and a location near Waupaca could make the property worth investigating as a potential rental or resale project.

However, investment potential should be based on actual market research rather than assumptions.

Investors should research comparable homes in the area, recent sales, rental rates, renovation costs, property taxes, insurance, vacancy expectations, and financing conditions.

A detailed investment analysis could help determine whether the property is better suited for a fix-and-flip strategy, long-term rental, personal residence, or resale after renovation.

Opportunity to Create a Rural Retreat

Not every buyer will approach this property as a financial investment.

For someone searching for a quieter lifestyle, the one-acre setting could be equally appealing.

The surrounding environment provides an opportunity to create a private rural retreat.

Imagine improving the exterior landscaping, establishing a garden, creating an outdoor seating area, restoring the garage, and renovating the interior into a comfortable country residence.

The property offers the basic ingredients for a personalized retreat, but the final result will depend heavily on the buyer’s vision and renovation investment.

Outdoor Possibilities

Approximately one acre provides enough space for a variety of outdoor improvements without the maintenance demands of a much larger parcel.

Potential ideas could include:

Vegetable gardens
Native landscaping
Fruit trees
Outdoor seating
Fire pit
Small greenhouse
Storage areas
Children’s recreation area
Pet-friendly outdoor space
Walking paths

All improvements should comply with local zoning and permitting requirements.

Understanding the As-Is Sale

The property is being sold as-is.

This is one of the most important factors for prospective buyers.

An as-is sale generally means buyers should not expect the seller to complete repairs before closing.

The listing also states that appliances are included and that any contents, personal property, debris, or other items remaining at closing will transfer to the buyer.

This means buyers should be prepared to take responsibility for the condition of the property and any remaining items.

Before bidding, prospective buyers should inspect the property during the available preview periods and determine whether the project fits their budget and experience.

Preview Dates

Three preview opportunities are listed for prospective buyers.

The scheduled preview dates are:

June 27, 2026 — 10:00 AM to 12:00 PM

July 2, 2026 — 5:00 PM to 7:00 PM

July 11, 2026 — 10:00 AM to 12:00 PM

Because auction conditions and schedules can change, buyers should confirm the latest information through the auction provider before traveling to the property.

The preview period is particularly important because this is a substantial renovation opportunity.

Important Considerations Before Bidding

Anyone considering an auction property should approach the transaction differently from a conventional home purchase.

Before submitting a bid, buyers should carefully review all available auction documents and understand the terms.

Important factors may include:

Opening bid
Seller confirmation
Auction deadlines
Registration requirements
Deposit requirements
Closing timeline
Buyer’s costs
Financing availability
Property condition
Inspection rights
Title information
Taxes
Utility systems
Personal property
Debris removal
Zoning restrictions

Potential buyers should also establish a maximum bidding amount before the auction begins.

Having a predetermined budget can help prevent overbidding when competition increases.

Why Location Matters

The property is located in the Waupaca area, just south of Waupaca.

This provides a combination of rural surroundings and proximity to community amenities.

For buyers who want access to the countryside but do not want to be completely isolated, the location may provide a practical balance.

The property’s one-acre setting can provide privacy and outdoor space while remaining connected to the broader Waupaca community.

A Blank Canvas for the Right Buyer

Perhaps the most compelling characteristic of this property is its potential.

It is not presented as a finished luxury home.

Instead, it represents a blank canvas for a buyer with vision.

The existing structure, land, utility systems, garage, and layout provide a foundation from which a future owner can work.

For the right investor or contractor, extensive repairs can become an opportunity to redesign the home according to modern expectations.

For an owner-occupant, the project can become a personalized country residence.

For a buyer seeking a rural retreat, the one-acre parcel offers room to create an outdoor environment that reflects their lifestyle.

Final Thoughts

This Waupaca-area property offers an unusual combination of one acre of country land, a three-bedroom home, a detached garage, private well and septic systems, and significant renovation potential.

The approximately 1,084-square-foot, one-and-a-half-story residence includes three bedrooms, one bathroom, a kitchen, living room, office, and partial stone basement.

The property is clearly intended for a buyer prepared to take on substantial repairs. The detached one-car garage also requires major maintenance, making a professional inspection especially important.

At the same time, the approximately two-year-old boiler and on-demand water heater provide some newer mechanical components worth evaluating.

The online auction format adds another layer of opportunity and responsibility. The opening bid is only the starting point, and the property will sell to the highest bid upon seller confirmation at the close of the auction.

With bidding beginning June 17, 2026, and the soft close scheduled for July 15, 2026, at 4:00 PM, prospective buyers should review the auction terms and attend one of the scheduled preview dates before deciding whether to participate.

For real estate investors, contractors, renovation specialists, and buyers searching for affordable country property, this Waupaca opportunity could be worth a closer look.

The property will require work, planning, and investment, but that is also where its potential lies. With the right renovation strategy, thoughtful improvements, and careful budgeting, the existing home and one-acre setting could be transformed into a comfortable rural residence or an investment property tailored to the next owner’s goals.

As with any auction and renovation property, buyers should independently verify all measurements, property conditions, utility information, zoning, financing requirements, and other details before submitting a bid.