More than half an acre. A detached 3-bedroom home. And an asking price $61,000 below a recent appraisal. Offered at $239,000, 243-247 Monhagen Avenue was independently appraised in July 2026 at $300,000. The difference is intentional. Before coming to market, the seller commissioned both a professional home inspection and an independent appraisal, then established the asking price with the property's known condition and anticipated rehabilitation needs in mind. What remains is the opportunity. Set on approximately 0.58 acre, this 3-bedroom, 2-bath Colonial offers approximately 1,161 sq. ft. of living space per the July 2026 appraisal, plus a full unfinished basement, driveway and a substantial corner property with frontage along Monhagen Avenue and Pilgram Place. For the buyer prepared to take on the work, there is plenty here to build upon. Restore the existing home and make it your own. Rework the spaces around how you want to live. Take advantage of more than half an acre to create the outdoor space, privacy and breathing room that can be difficult to find at this price point. Located in Middletown, the property offers detached-home ownership and meaningful land with convenient access to shopping, services, recreation and major regional roadways. This is not a light cosmetic project. The home requires meaningful renovation and is being sold as-is. For a cash buyer, contractor, experienced renovator or renovation-minded owner occupant, the opportunity begins with a $239,000 acquisition price and the ability to create value from there. The seller has already taken the unusual step of completing the inspection and appraisal before listing. Serious buyers can evaluate the opportunity knowing the asking price was established with the property's condition in mind, while retaining the ability to perform their own inspections, professional evaluations and due diligence. Due to property condition, cash or appropriate renovation/rehabilitation financing should be considered. Financing and property eligibility are subject to the buyer's lender. Initial viewing is drive-by only. Interior access will be coordinated for financially qualified buyers.