Affordable single-story home with renovation upside in Osceola, AR
Sales comparison approach using similar properties in Osceola. Adjusted for condition and size.
This single-story ranch, built in 1977, offers a straightforward renovation opportunity in a quiet Osceola neighborhood. The house contains three bedrooms and two bathrooms across approximately 1,260 square feet of living area on a 0.18-acre (7,841 sq ft) lot. Interior notes in public records call out hardwood floors and an overall condition described as fair; the property is documented as vacant and presents a clear scope for updating to restore livability and value.
Major building characteristics are documented: wood-frame construction, an asphalt shingle roof, and a one-story layout with no basement and no garage. On-site parking is described as a single driveway space. Utilities are served by local providers: CenterPoint Energy (gas), Entergy Arkansas (electric), and municipal water and sewer. Public records indicate that the property currently lacks heating and cooling systems, so buyers should budget for HVAC installation and verify the condition of plumbing and electrical systems during due diligence.
Location is a practical strength. The house sits on South Oak Street within walking distance of Osceola High School (about 0.3 miles) and less than a mile from South Mississippi County Regional Medical Center (about 0.8 miles). The property is in the Osceola School District; nearby schools listed in reports include Osceola Middle School and North Elementary School. Surrounding uses are primarily residential, which supports either an owner-occupant renovation or a rental strategy.
Local market data are limited but provide context for opportunity and risk. Available comparable sales in Osceola show variation in size and sale price—recent nearby sales range from roughly $81,500 to $126,076—while historical records show the subject last sold in 2019 for $12,000. Market summary statistics indicate an average days-on-market near 37 and a neighborhood median sale price around $112,500. Rental comps and an internal rent estimate suggest monthly rent potential near $700 (rent per sq ft roughly $0.56), though actual rent will depend on upgrades and tenant demand. The property’s assessed value and recent tax records are also available on file and should be reviewed as part of an acquisition analysis.
Recommended next steps: confirm lot boundaries and dimensions, commission a full home inspection, and verify zoning and any restrictions with the City of Osceola. Given the documented absence of HVAC and the fair condition rating, expect renovation scope to include mechanical upgrades and interior updates. The property is flagged as a fixer-upper with investment potential for resale or longer-term rental use.
527 South Oak Street, Osceola, AR 72370
The property sits in a predominantly residential part of Osceola with easy access to community services. Public data note nearby anchors including South Mississippi County Regional Medical Center (about 0.8 miles) and Osceola High School (about 0.3 miles). The home falls within the Osceola School District; Osceola Middle School and North Elementary School are also cited as local options. The area is described in records as quiet and primarily residential, making it suitable for families or for rental use after renovation.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Context only—not an investment recommendation or guarantee of achievable rent.
Routine buyer due diligence items; these are not known defects.
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