Affordable 2-Bedroom Ranch Home on 0.38 Acres in Kenton, Kentucky

A Residential Opportunity With Room for Potential

Finding an affordable property with a manageable lot, public water, paved road access, and a traditional single-family layout can be appealing to homeowners, investors, and buyers searching for value in the real estate market. This two-bedroom, one-bath ranch-style home in the Kenton area presents an opportunity for someone looking for an older property with approximately 904 square feet of interior living space and approximately 0.38 acres of level land.

Built in 1920, the home has the character and history associated with an older residence while offering a straightforward one-level floor plan. The property is classified as a single-family residence and features vinyl siding, a crawl-space foundation, an asphalt roof, vinyl flooring, and standard windows without storm windows.

The property is currently identified as Real Estate Owned, commonly referred to as an REO property. Buyers considering this type of real estate should understand that the purchase process can involve specific procedures, documentation, and offer requirements.

According to the listing information, all offers must be submitted by the buyer’s agent through the RES.NET Agent Portal. If an offer is accepted, the buyer is responsible for a $125 offer submission technology fee, which is collected and disbursed by the settlement agent at closing.

For buyers willing to perform their own research and due diligence, this property offers an interesting combination of affordability, usable land, and a convenient ranch-style design.

Two-Bedroom Ranch Layout

The home features two bedrooms and one bathroom, making it a potentially manageable option for an individual, couple, small household, or buyer seeking a smaller residential property.

A ranch-style home can be attractive because the primary living areas are located on a single level. This type of layout can reduce the need for stairs and may provide a practical arrangement for buyers who prefer simpler everyday movement throughout the home.

With approximately 904 square feet of interior living area, the residence is relatively compact. Smaller homes can appeal to buyers who prioritize affordability and manageable maintenance over having a very large amount of living space.

The two-bedroom configuration also provides flexibility. One bedroom can serve as a primary sleeping area while the second could potentially function as a guest bedroom, office, hobby room, study, or additional storage area depending on the owner’s needs.

Because the property was built in 1920, prospective buyers should evaluate the structure, systems, finishes, and overall condition carefully before making a purchasing decision.

Approximately 0.38 Acres of Level Land

One of the notable features of this property is its approximately 0.38-acre lot.

The parcel is described as level and measures approximately 180 by 92 feet. A level lot can offer practical advantages for outdoor use, landscaping, gardening, recreation, and general property maintenance.

Unlike a very small urban lot, approximately 0.38 acres can provide additional outdoor space around the home. Depending on local zoning and applicable regulations, future owners may have opportunities to improve landscaping, create outdoor seating areas, establish garden space, or make other permitted improvements.

Buyers should verify zoning regulations, setbacks, easements, utility locations, and any restrictions that may affect future improvements.

The lot may also appeal to buyers who want a traditional residential property without taking on the maintenance requirements associated with several acres of land.

Convenient Ranch-Style Living

The single-story design is one of the practical characteristics of the property.

Ranch homes remain popular with many buyers because they generally place the kitchen, living areas, bedrooms, and bathroom on one floor. This can make everyday routines simpler and can also make the property appealing to people planning for long-term homeownership.

For a buyer considering an affordable home, the compact floor plan can also make heating, cooling, cleaning, and general upkeep more manageable compared with a much larger residence.

The property’s 904 square feet provide enough space for the basic functions of a home while keeping the overall footprint relatively modest.

Future owners may choose to focus on improving the interior finishes, optimizing storage, updating fixtures, or making other improvements according to their budget and goals.

Vinyl Flooring and Practical Interior Features

The listing identifies vinyl flooring inside the home.

Vinyl flooring is commonly used in residential properties because it can be practical for everyday maintenance. Depending on its current condition, future owners may choose to retain it, replace portions of it, or update the interior with different flooring materials.

The property also has standard windows without storm windows. Buyers should evaluate the windows and surrounding areas during their due diligence, particularly given the home’s age.

An older residence can provide an opportunity to improve energy efficiency through upgrades such as windows, insulation, weather sealing, lighting, and modern mechanical systems. However, the feasibility and cost of any improvements should be determined through professional inspections and contractor estimates.

An Older Home With Historic Character

Constructed in 1920, this residence is more than a century old.

Older homes can offer characteristics that are difficult to replicate in newer construction, including established neighborhoods, traditional architecture, mature surroundings, and original structural elements.

At the same time, age makes professional due diligence especially important.

Prospective buyers should consider evaluating the foundation, roof, electrical system, plumbing, heating equipment, insulation, windows, doors, drainage, and other major components.

The property has a crawl-space foundation. A crawl space can provide access to certain mechanical and utility components, but it should be inspected for moisture, ventilation, structural concerns, plumbing conditions, and other issues.

Understanding the condition of an older property before purchasing is particularly important for buyers who are working with a limited renovation budget.

Public Water and Septic System

The property has public water and a septic tank.

This combination provides an established framework for residential utility service, but buyers should independently verify the condition and status of both systems.

A septic system should be evaluated by an appropriately qualified professional when necessary. Buyers may also want to determine the system’s age, maintenance history, capacity, and any applicable local requirements.

Public water service should likewise be confirmed with the appropriate utility provider, including connection status and any outstanding charges or requirements.

Utility verification is an important part of purchasing an older property because service conditions and infrastructure can vary between individual homes.

Paved Road Access

The listing indicates that the property is located along a paved road.

Paved access can be a practical advantage for everyday transportation, especially during periods of rain, snow, or other challenging weather conditions.

The approximately 0.38-acre property provides enough land for a residential setting while maintaining a relatively manageable footprint.

Buyers should independently verify road frontage, access rights, driveway arrangements, easements, and any other legal or physical considerations affecting access to the property.

Potential for Renovation and Personalization

An older home can give buyers the opportunity to personalize a property rather than purchasing a newly renovated residence with someone else’s design choices.

Depending on the property’s actual condition and the buyer’s budget, improvements could potentially include cosmetic updates, flooring, painting, kitchen improvements, bathroom improvements, landscaping, exterior maintenance, energy-efficiency projects, or other permitted upgrades.

However, buyers should avoid assuming that a renovation will automatically produce a profit or increase property value. Any remodeling strategy should be based on realistic local market research, contractor estimates, financing costs, insurance, taxes, and expected resale or rental values.

For a homeowner, renovations can focus primarily on comfort and functionality.

For an investor, the analysis may involve comparing acquisition costs with repair expenses and potential after-repair value.

REO Property Considerations

The property is listed as Real Estate Owned.

REO properties typically enter the market after a property has gone through a foreclosure process and ownership has transferred to a lender or related entity. The purchasing process can therefore differ from a conventional owner-to-owner transaction.

In this case, the listing specifically states that offers must be submitted through the RES.NET Agent Portal by the buyer’s agent.

If an offer is accepted, a $125 offer submission technology fee applies. According to the listing, the settlement agent collects and disburses the fee at closing and settlement.

Buyers should carefully review all offer instructions, disclosures, addenda, deadlines, title information, and transaction requirements before submitting an offer.

Working with an experienced real estate agent can help buyers understand the required procedures.

Understanding the Offer Process

Because this property is being marketed as an REO, buyers should pay close attention to the submission requirements.

The listing directs buyer’s agents to use the RES.NET Agent Portal to submit offers. Buyers who do not already have a RES.NET Agent account may be required to create one.

This means the process may involve additional steps compared with simply submitting a traditional purchase contract.

Prospective buyers should confirm:

• Offer submission procedures
• Required documentation
• Offer deadlines
• Financing requirements
• Deposit requirements
• Closing requirements
• Title conditions
• Inspection rights
• Property disclosures
• Applicable fees
• Any lender-specific terms

Understanding these details before submitting an offer can help prevent avoidable delays.

A Potentially Affordable Entry Into Real Estate

The listing information indicates a price per square foot of approximately $16, although buyers should verify the current asking price and all transaction terms directly through the active listing.

A low price-per-square-foot figure can attract attention from buyers searching for affordable real estate, investment properties, renovation opportunities, and entry-level housing.

However, price per square foot should never be considered in isolation.

The total acquisition cost may include repairs, inspections, closing expenses, insurance, taxes, utilities, financing, maintenance, and other ownership costs.

For investors, the most important calculation is often the complete project cost rather than the purchase price alone.

For owner-occupants, affordability should similarly be evaluated using the total monthly and annual cost of ownership.

Potential as an Investment Property

The two-bedroom layout could potentially appeal to investors evaluating residential rental opportunities.

Two-bedroom homes can serve a variety of tenant needs, including individuals, couples, small households, and professionals.

Before purchasing for rental purposes, investors should research local rental rates, vacancy levels, property management costs, insurance, taxes, maintenance expenses, and applicable landlord regulations.

A rental property should be evaluated based on realistic income and expense projections rather than assumptions.

Investors may also consider whether improvements would increase rental appeal enough to justify their cost.

The property’s compact size could potentially make routine maintenance more manageable, but the condition of the home and its major systems must be established before any investment decision is made.

Potential as a Renovation Project

The age of the property may interest buyers who enjoy restoration and renovation projects.

A buyer with construction experience could evaluate the home and determine whether targeted improvements would make sense. Possible projects might include updating interior finishes, improving storage, modernizing fixtures, refreshing the exterior, or improving energy efficiency.

The exact renovation strategy should be based on an inspection and professional estimates.

Older homes can sometimes contain hidden issues that are not obvious from listing information alone. This makes a thorough inspection particularly valuable before committing to a renovation budget.

A Manageable Property for First-Time Buyers

First-time buyers often search for homes that balance affordability, usable space, and manageable maintenance.

A two-bedroom, one-bath ranch with approximately 904 square feet can potentially provide a straightforward starting point for someone entering the housing market.

The single-level design may make the home easier to navigate, while the 0.38-acre lot provides additional outdoor space.

The public water connection and paved road access are also practical characteristics for everyday residential use.

Whether the property is suitable for a first-time homeowner will depend on its condition, final purchase price, financing availability, insurance costs, and the buyer’s renovation budget.

Landscaping and Outdoor Potential

The level lot provides an opportunity to create an outdoor environment tailored to the owner’s preferences.

Possible improvements could include gardens, lawn areas, outdoor seating, pathways, landscaping, or recreational space, subject to local regulations and site conditions.

A 0.38-acre parcel is large enough to provide meaningful outdoor space without requiring the extensive maintenance associated with larger rural properties.

Landscaping improvements can also improve curb appeal, although buyers should approach any improvement project with a clear budget and realistic expectations.

Important Due Diligence Before Purchase

The listing provides useful basic information, but buyers should not rely solely on online listing details when evaluating an older property.

A comprehensive due diligence process may include a professional home inspection, septic evaluation, utility verification, title review, survey review, insurance quote, and examination of applicable zoning or building requirements.

Important areas to investigate include:

• Foundation and crawl space
• Roof and attic
• Electrical system
• Plumbing
• Heating system
• Windows
• Exterior siding
• Drainage
• Septic system
• Public water connection
• Property boundaries
• Easements
• Road access
• Zoning
• Insurance availability
• Taxes and assessments

Buyers should also verify all listing information independently before entering into a binding agreement.

Financial Considerations for Buyers

The listing reports an annual tax amount of approximately $194 and a tax assessed value of approximately $56,400. These figures should be independently confirmed because assessments, taxes, and applicable charges can change.

A buyer should consider the complete cost of ownership rather than focusing only on the purchase price.

Potential expenses can include:

• Property taxes
• Homeowners insurance
• Utilities
• Septic maintenance
• Routine repairs
• Renovation costs
• Landscaping
• Financing costs
• Closing expenses
• Professional inspections

For investors, these expenses should be incorporated into a complete return-on-investment analysis.

Why the Property May Attract Attention

Several characteristics make this property interesting to buyers searching for affordable real estate.

It offers a single-family residential classification, a ranch-style layout, two bedrooms, one bathroom, approximately 904 square feet of living space, and approximately 0.38 acres.

The property also has public water, a septic system, paved road access, vinyl siding, an asphalt roof, and a crawl-space foundation.

Its 1920 construction date gives it an established character, while the manageable lot size may appeal to buyers who want outdoor space without owning a large acreage tract.

The REO status also makes the property relevant to buyers familiar with bank-owned real estate and alternative property acquisition opportunities.

A Property Worth Investigating Carefully

This Kenton-area residence represents the type of property that may attract buyers searching for affordability and potential.

The approximately 904-square-foot ranch layout provides a simple residential configuration, while the two-bedroom design can work for a variety of household needs.

The approximately 0.38-acre level lot adds outdoor flexibility, and public water service provides an established utility connection.

At the same time, the home’s age means that professional due diligence should be a priority.

Buyers should investigate the physical condition of the residence, verify all utilities, understand the septic system, review title and access information, and carefully follow the required REO offer procedures.

Final Thoughts

This two-bedroom, one-bath ranch home in the Kenton area offers an interesting opportunity for buyers looking for a smaller property with land, established utilities, and potential for personalization.

Built in 1920 and situated on approximately 0.38 acres, the property combines a traditional single-story layout with a manageable residential footprint. The home includes approximately 904 square feet of interior living space, vinyl flooring, vinyl siding, an asphalt roof, a crawl-space foundation, public water, and a septic tank.

Its Real Estate Owned status means prospective buyers should pay particular attention to the transaction requirements. The listing states that buyer offers must be submitted by the buyer’s agent through the RES.NET Agent Portal, and an accepted offer is subject to a $125 offer submission technology fee collected at closing.

Whether considered as a potential primary residence, renovation project, rental property, or affordable real estate acquisition, the property deserves careful evaluation based on its actual condition and the buyer’s objectives.

The strongest approach is to treat the opportunity as a starting point for research rather than assuming its potential without verification. A professional inspection, financial analysis, title review, utility verification, and consultation with qualified real estate professionals can help a buyer determine whether the property fits their plans.

For anyone researching affordable homes, REO properties, ranch homes, renovation opportunities, or smaller residential lots, this Kenton property presents a combination of characteristics worth exploring.

 

 

Listed on Zillow