Just imagine the history with this one! Love that old picture! The Hotel at Bailey’s Corner was built in 1850. It is located on 1.5 acres in Granville Summit, Pennsylvania. This sat vacant for seven years, then in 2018 a tornado ripped the roof off and caused extensive damage. The structure has been treated for mold three times. A new roof was placed on it and they started gutting the interior. The current owner was told it would require $100,000 to complete and once done the value could be $300,000.
This was also known as the Old Granville Exchange House. It was built by Jefferson Thomas Bailey and his wife, Sara. Jefferson was a farmer and proprietor of the hotel. The house has three floors and a large ballroom with a barrel ceiling. In the basement there is a hand dug, rock lined well that is said to produce the best tasting water. There is a brand new wood stove in the house that is designed for 3,500 square feet. Seven bedrooms, one bathroom, and 3,804 square feet. $60,000 New Price: $55,000
From the Zillow listing:
Own a piece of history, one of the most highly coveted homes in the area The Old Granville Exchange House aka Bailey Corners Hotel. The home has great bones, it has been checked over by three well qualified contractors all of whom said the same thing, the home is sound, and worth saving. The Granville Exchange House, as it was formally known, was built in 1850?s by Jefferson Thomas Bailey who went by J.T. Bailey and his wife Sara. The house is often called the Bailey Corners Hotel, The Hotel at Bailey Corners or the Bailey Hotel by many locals even though that was not its formal name. J.T. Bailey was a farmer and the proprietor of the Granville Exchange House, it is said that the small addition off the back had 17 rooms alone.
The house features 3 full floors, the first floor has a dining room, kitchen, living room, sitting room, bathroom, and bedroom, the second floor contains bedrooms, and the third floor contains grand ballroom with barrel (arched) ceiling. . The house sat vacant for about 7 years, then on June 13, 2018 an EF2 Tornado did severe damage to the house, ripping the roof off the home, exposing it to elements. Sadly damage was done to the house as a result which required a full gut job and mold mitigation. The home is 3804 square feet not including the basement. There is a hand dug rock lined well in the basement that is said to produce the best water ever tested in the county, as well as a drilled well and septic system in place.
The house is on 1.5 acres of land and has amazing views, a small stream (no flood risk) runs behind the property and forms the back property line. There is enough R21 insulation to do all exterior walls of the house included in the sale as well as 1000 foot of 12/2 romex wire, 1000 foot of R14/3 romex wire, hardwire with battery backup smoke and carbon monoxide alarms for the entire house, electric boxes for said smoke alarms, brand new 200 amp electric panel, with breakers. There is a separate 100 amp electric service with full breaker box, manual shutoff switch, and RV outlet installed on the back of the property suitable for mobile home installation or RV. Ozone machine and peroxide/vinegar included for further mold shock treatment if you want it’s been treated several times. All included with asking price.
Quotes when we purchased the house to have a contractor totally remodel including gutting, mold mitigation, clean out of contents, new roof, new everything inside was $100,000, much of that was cleanout and roof as well as mold treatment. The home is mostly cleaned out has a new roof and gutting started as well as been treated for mold several times. Once complete would be valued at $300,000 or more. DIY cost will be a fraction of quoted price. Brand new Vogelzang Ponderosa Wood Stove rated for 3500sq foot included with asking price. Buyer must sign agreement to restore and not demolish house. Serious buyers only. Will not rent to own, will not owner finance, cash only. Must show proof of funds for showing. Owner is a former REALTOR. This home will need extensive work, and is being sold as is.
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