The most immediately notable characteristic of 214 East Washington Avenue is its unusually large parcel: a 16-acre lot that sets this modest ranch well apart from typical infill lots in Osceola. The single-story, wood-frame home was built in 1972 and offers 1,198 square feet of interior living space arranged as four bedrooms and one bathroom. The property sits on a level site with driveway access from East Washington Avenue and is located across from a church in a primarily residential area.
The house is described in fair condition and shows evidence of deferred maintenance. Improvements include linoleum/vinyl flooring, wall-mounted electric heating, and wall-mounted cooling units; there is no attached garage. The roof is asphalt shingle construction and roof condition is flagged in the audit as an item for professional assessment. Municipal utilities serve the property (water and sewer), with CenterPoint Energy gas and Entergy Arkansas electric service noted in public records.
Location and surrounding context are clear strengths: the site is roughly 0.3 miles from Osceola High School and about a half mile from local factories and employment centers, with downtown Osceola approximately one mile away. The zoning is R-1 (single-family residential) under the City of Osceola, which aligns with the existing use. Vacancy signals indicate the property is likely vacant and was listed for sale by owner; interested parties should verify occupancy, utility connections, and perform a professional inspection before moving forward.
Comparable recent sales in the immediate area show low market sales for fixer-upper homes within one mile, reinforcing the property’s positioning as an affordable renovation or value-add opportunity. Rental-analysis inputs suggest modest rent potential for a rehabilitated unit in this market. Recommended next steps in the audit emphasize confirming lot boundaries, a thorough roof assessment, and a full home inspection to scope repairs and renovation costs. Given the long average days on market in Osceola’s current buyer-favorable conditions, buyers should plan for a deliberate evaluation and possible negotiation period.