Restricted Address Galena, IL 61036

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

OWN A BIT OF HISTORY ! EXCELLENT VACATION RENTAL IN THE DOWNTOWN HISTORIC GALENA AREA. Vacation permit can be transferred to new owner - which is a value in itself due to City of Galena's moratorium on Downtown Vacation Rental Permits - there are over 135 property owners waiting on the list to get approval, Plus this home is in high demand as there is no other like it in the historic district of Galena - The original owner of this home was Peter Specht, who built the house in 1842, as a home and a facility for his brewing company called the Illinois Brewery. (0ne of the original nine Galena Breweries in the 1800's.) Peter Specht was a Bavarian brewmaster, and lived in Galena until his death in 1868 at the age of 68. The house was included in the Historic American Buildings Survey by Chester Hart, Photographer February 4, 1934, and these photographs now reside in the Library of Congress in Washington, DC. In 2009 the house was featured in Galena's annual parade of homes, and in 2010 the house received the Jo Mead Historic Preservation Award from the Galena Cultural Arts Alliance. 3600 SF includes basement - OWNER WILLING TO CARRY CONTRACT - NOW PRICED $48,000 BELOW COUNTY ASSESSED CASH VALUE The house was extensively renovated in 2008 according to the design of architect and historic preservationist, Adam Johnson of Galena, and according to the Standards for Rehabilitation of the Illinois Secretary of the Interior, Illinois Historic Preservation Agency, Springfield, Il, and the Galena Historic Preservation Commission. All of the floors were refinished, walls and ceiling re-insulated, all plumbing, electricals, telephone/cable/wifi network, and central air replaced. Hot water underfloor heating installed on all floors including the fermentation cellars. Walls received meticulous sponging and stenciled painting treatments by Donna Slade. Some ceilings have custom treatments, all windows have custom Graber Crystal Pleat blinds and/or wood blinds. All rooms have recessed lighting and custom hanging lamps. Master bedroom bath with marble counter top, heated towel racks and walk in closet. Garages were refurbished. Includes an underground dog fence. Check it out on AIRBNB - CALL OWNER