A historic opportunity in Kirkwood
A concerned Kirkwood resident send Decaturish the real estate brochure.
There was a Craftsman Bungalow, constructed in 1910, on Stanwood Avenue SE listed for sale starting at $135,000. It had the original well on the property.
It was offered as a rehabilitation or a tear-down. The resident who sent along the brochure was concerned about losing a link to Kirkwood’s architectural past.
The listed agent was Stuart Brady, owner of the Kirkwood Carwash. He said on July 28 that he’d found a buyer.
“The folks that won out in the bidding process are going to restore it and bring it back to life,” Brady said. “It’s under contract. We should close this Friday.”
Brady said the single story, 1,300 square foot house has been vacant for 23 years, and looks that way, too. He said half of the interested buyers wanted to restore it and half wanted to knock it down.
“If you walked through it, you’d wonder what is salvageable here,” Brady said.
Doug Wood has some experience with rescuing historic homes. He restored his residence on Howard Street, a home that dates back to 1894. He said the new buyers should look into tax credits to offset their costs, as Kirkwood is a designated historic neighborhood.
“It’s really important to go through the state historical site and understand the tax credits that are available for the restoration of a house before you start work,” Wood said. “It takes a little bit of time to get the certification from the state. … Anyone who is doing a historic home is going to want to do it to a historic standard anyhow, so it’s not really a stretch.”