The three-bedroom, two-bathroom 1,516-square-foot house has plenty of the Gaines’ signature touches — shiplap accents and a country-style kitchen. Joanna added gold-toned decor, including a vintage bike that hangs on the office wall. The house is about two blocks from the Brazos River, convenient to the Gaines’ Magnolia Market at the Silos, and near hiking and biking trails of Cameron Park.
With all the charm, why would it be a hard sell?
First off, it would appeal only to fans or investors hoping to cash in on the Gaines’ involvement. The median home value in Waco is $126,300, according to Zillow. Specifically, in the 1400 block of North Fifth Street, the four homes that share the block have an average value of $145,418. We’re all aware of the property tax implications of a home that’s valued (not appraised) at $550,000.
The 1,516-square-foot Bicycle house, formerly known as the Mailander House, has plenty of @hgtv Fixer Upper hosts Chip and Joanna Gaines' signature touches. Here's the Season 1 video. https://t.co/fWTRb3YoEg
Typically, Fixer Upper-renovated homes that are listed tend to evolve into rentals, vacation homes, or Airbnb destinations. In October, The List provided updates on past renovations that were listed. It included a few successes and a few projects that didn’t have a warm and fuzzy HGTV-style ending.
The Gaineses picked up the home in early 2014 for $44,900, according to Realtor.com. Formerly known as the Mailander House, it was put on the market in 2017 before owners listed it as a vacation rental. In April 2018, the home sold for $293,750, according to Realtor.com. The current owner continues to list the house for vacation rental while it’s on the market. On VRBO, the Bicycle House rents for $267 a night.
When it’s sold, “the bicycle will be included,” Barrett said.
This story was originally published on CandysDirt.com. Head there to see pictures of the home.