Dear Art of Living Family:

The house next door to the Boone Center and across the street from Gurudev's kutir will likely be availabe for purchase through a court ordered sale in the next few months.

The current co-owners have been unable to reach an agreement and this will force the house to go to a court ordered sale. Ideally the house will stay within the Art of Living community.

The property has 3 independent living units.

There are 2 separate houses on this one acre lot, plus the main house has a separate 1,250 square foot, 2 1/2 bedroom apartment.

* The main house has 2 floors, 3,126 sf with 5 large bedrooms, 3 full bathrooms, 1 large office and 1 small office.
* Below the main house, on the first level, (above ground) there is a 1,250 sf apartment with 2 bedrooms plus an office.
* The smaller house (the cottage) has 1,150 sf and a single huge bedroom on the 2nd floor.
* The lot is 1.13 acres.
* The cottage and apartment are each rented for $1,200 per month plus utilities which are separately metered.

486 Whispering Hills Rd.

Main House

Side view of the cottage

Cottage and Main House
The 2 houses are independent and connected only by the deck.

Due to the circumstaces the property will likely sell significantly below market value.

There is deferred maintenance including a new roof is needed on the cottage asap as there are small leaks and both houses should be painted.
The main house roof is in good shape but old and could use replacing in the near future.
All the mechanical systems are in good working order.
If one budgeted around $40,000 all the deferred maintenance should be able to be addressed.
PRICE:
The 486 house will probably sell in the neighborhood around $800,000 or so to the highest bidder, far below the $1.1 million appraisal of an identical house one block away.
Partial financing is possible if arranged in advance.
If you are interested in buying the property contact Jim at: webought1@gmail.com

Compare value with identical house nearby.

An identical house nearby on Mountainside Lane was recently appraised at $1.1 million.

The houses were built at the same time, the same floor plan, the same size and both have identical separate cottages.
ADVANTAGE OF 486:
The $1.1 million dollar Mountainside Lane house only has a single large room below the main house on the lower level with no bathroom or kitchen whereas the 486 house has a modern 2 bedroom apartment with kitchen and bath and rents for $1,200 per month.
DISADVANTAGE OF 486
The 486 house has deferred maintenance that needs to be addressed.

Contact Email: webought1@gmail.com