High-Volume Restoration Opportunity: 1900 Turn-of-the-Century Traditional

Offering an remarkable sub-$50k entry point into the historic Oil Creek Valley real estate market, this substantial 2,850-square-foot pre-war residence at 423 N Perry St represents an extraordinary value-add investment project in Titusville, Pennsylvania.

Listed at an unmatched baseline price of $49,850—equating to an astounding ~$17 per square foot—this 1900-built four-bedroom, two-bathroom traditional home sits on a double-lot town parcel measuring 10,454 square feet (0.24 acres).

Listed by: Heather Schmader 814-758-4261, ERA Richmond Real Estate – Titusville 814-827-7355

Offered strictly in “as-is” condition for cash or conventional financing, this property provides a vast volume of pre-war square footage at a rock-bottom acquisition cost. It serves as an ideal canvas for an experienced preservationist, general contractor, or investor looking to execute a high-margin restoration or long-term rental conversion in Crawford County.

The residence sits positioned along North Perry Street, displaying classic turn-of-the-century structural volume, tall window distributions, and traditional architectural gables. Inside, the massive 2,850-square-foot footprint flows across oversized rooms that retain native wood flooring waiting to be refinished, high ceiling clearances, and an expansive layout designed for comfortable multi-generational living or flexible unit divisions.

🏛️ Main Manor Interior Layout & Spatial Scale

The home’s two-story floor plan is generously proportioned, offering an adaptable clear-span layout that supports tailored reconfigurations:

The Ground Floor Living Core: Opens into a spacious front parlor that flows into a formal dining hall and a massive rear kitchen workspace. The main tier easily supports grand formal living spaces, a main-level laundry setup, and dedicated home office or library flex zones.

The Upper Residential Tier: A central staircase leads to the secondary story, which houses four oversized, light-filled family bedrooms and a central family bathroom, providing secure, isolated sleeping quarters away from the main-floor common areas.

Dual Bathroom Layout: Outfitted with two full bathrooms distributed across the floor plan, the existing plumbing grid provides a solid foundation for modernizing without requiring invasive, new structural rough-in work.

🌳 Double-Lot Footprint & Outbuilding Assets

The defining feature of this $49,850 transaction is the property’s expanded double-lot setting and ancillary structures:

0.24-Acre Double Parcel: Positioned across two combined town lots totaling 10,454 square feet, the grounds offer rare in-town elbow room, enhanced privacy from neighbors, and ample space for gardens, outdoor entertaining, or vehicle parking.

Detached Garage Facility: Includes a one-stall detached garage outbuilding, providing secure off-street vehicle storage, lawn equipment housing, or a dedicated handyman workshop space.

Micro-Budget Renovation Runway: At a $49,850 purchase price, an investor can invest a substantial $50,000–$75,000 rehabilitation budget (covering roof work, HVAC installation, electrical upgrades, kitchen overhaul, and bath updates) while maintaining a total cost basis well under regional market comps—securing significant equity upside.

📋 Property Specifications

💰 Price: $49,850 (An unprecedented ~$17/sqft acquisition baseline)

📍 Address: 423 N Perry St, Titusville, PA 16354 (Crawford County / Oil Creek Corridor)

📐 Interior Size: 2,850 finished above-grade sqft (Expansive two-story footprint)

🌳 Lot Size: 10,454 sqft (0.24 Acres / Double town lot with expanded yard space)

🛏️ Bedrooms: 4 (Oversized, light-filled chambers set across upper tier)

🛁 Bathrooms: 2 Full Bathrooms

🏗️ Year Built: 1900 (Turn-of-the-Century Pre-War Era)

🛠️ Property Status: Full Value-Add Rehabilitation Project (Sold strictly as-is; Cash or Conventional only)

🪵 Irreplaceable Assets: Native wood flooring, oversized room clearances, double lot, and classic pre-war trim

🚙 Outbuildings: Detached one-stall garage with extended private driveway

🔍 Key Features & Preservation Value Points Explained

🏛️ Mind-Blowing Financial Runway at ~ $17 Per Square Foot: Securing nearly 2,900 square feet of character home on a double lot for under $50,000 represents an extraordinary value-add opportunity. The ultra-low purchase price minimizes financial risk while leaving a vast budget margin to execute a comprehensive modernization.

📦 Rare 2,850 Sqft Spatial Freedom on Double Parcel: Finding a pre-war home under $50k that offers both massive interior volume and a double lot is a rarity. The extra acreage provides outdoor privacy and potential for secondary outbuilding expansion.

📍 Strategic Northwestern Pennsylvania Location: Located on North Perry Street, residents enjoy a connected small-town lifestyle steeped in historic heritage as the birthplace of the American oil industry. Enjoy walking or driving access to Titusville’s historic downtown district, Drake Well Museum and Park, Oil Creek State Park trails, and local schools, while maintaining easy driving access via PA-8 and PA-27 straight into Meadville, Oil City, Franklin, or Erie regional business centers.