What a person pays for a property is IRRELEVANT in determining the value. It is determined by comparing it to recent sales in the area & by taking into account the competition from other active listings...That is how you appraise a property!!.
However, as a courtesy, I will add some background on this property:
They purchased the property in "as is" condition...It had been neglected for years. To bring it up to its' current excellent condition, they have made the following improvements:
On the interior of House:
Replaced the heating system with a new 4 zone hot water heating system.
Installed new maple cabinets, counters, & stainless appliances & tile floors in the Kitchen
Installed matching cabinets, a prep sink & new flooring in the pantry
Replaced bathroom flooring & fixtures, including a new oversized claw foot tub & separate shower.
Replaced the main staircase & banister.
Stripped 5 layers of wallpaper off walls, stripped doors & repainted entire interior.
Installed correct 6 over 6 sashes in front of house.
Replaced damaged sills & joists in kitchen addition.
Had concrete poured in dirt floor basement.
Replaced leaking windows in sunroom w. new thermopane windows & re-carpeted
Added walk-in closet in Master bedroom
On the Exterior of House:.
Replaced the roof
Repaired woodpecker & wtater damaged trim & re-painted.
On the Barn:
Installed new siding, added propane heat & stabilzed the foundation
Enclosed existing carport & added garage door.
Installed new stone driveway & a granite front walk.
Corrected the grading outside the kitchen, so water no longer comes into basement.
Hopefully now you will want to come to see it all at the OPEN HOUSE on Sunday, 9/16 from 1-3pm... more