Priced at just $35,000, this remarkable historic residence at 628 Franklin Street in Keokuk, Iowa, offers a rare opportunity to bring a grand Victorian-era home back to life. Known as the Wishing Well Place Mansion, this distinctive property was built in 1880 and features approximately 2,752 square feet of living space, four bedrooms, and two full bathrooms. Rich in architectural character and original details, the home showcases the craftsmanship and elegance of a bygone era. From its impressive entrance and decorative woodwork to its stained-glass window and original hardwood floors, the property offers a glimpse into a time when homes were built with remarkable attention to detail. Situated on a spacious 8,400-square-foot corner lot, the residence also benefits from a covered front porch and convenient off-street parking accessed from the alley. Although it requires restoration and is being sold strictly as-is, its generous size, historic identity, and attractive asking price make it an intriguing opportunity for anyone who appreciates older homes.
Stepping inside, visitors are welcomed by a gorgeous foyer that immediately establishes the home’s historic character. Ornate craftsmanship and detailed woodwork create an impressive first impression, setting the tone for the architectural features found throughout the residence. The foyer leads into a grand living room featuring a beautiful stained-glass window, lofty ceilings, original woodwork, and hardwood flooring. These details give the space a distinctive atmosphere that would be difficult to recreate in a modern home. The original windows are another highlight, allowing abundant natural light to enter the interior while preserving the property’s historic appearance. Their traditional design and proportions contribute to the home’s character, making them an important feature worth preserving during a future renovation. With its generous room dimensions and traditional layout, the living room offers plenty of possibilities for creating an elegant gathering space while retaining the original details that make this mansion special.
The residence offers approximately 2,752 square feet of interior living space arranged across two levels, with four bedrooms and two full bathrooms. Its spacious layout provides considerable flexibility for a future owner, whether the goal is to create a large family residence, restore a historic property, or explore an investment opportunity. A separate formal dining room provides an ideal setting for family meals, holiday celebrations, and entertaining guests. The property also features the possibility of a second kitchen, opening the door to several potential uses depending on the layout and applicable requirements. This additional kitchen opportunity could be particularly interesting for buyers considering a multigenerational living arrangement or a more flexible interior configuration. The existing hardwood flooring adds warmth and authenticity throughout the home, while the original woodwork provides an opportunity to preserve the craftsmanship of the nineteenth century. Rather than replacing these distinctive elements, a thoughtful restoration could make them the centerpiece of the finished interior.
Beyond the main living areas, the property includes a full basement constructed with stone or rock, offering additional storage and utility space. The home’s heating system uses steam, while no air-conditioning system is currently listed. These systems, along with the electrical, plumbing, roof, windows, and structural components, should be carefully evaluated before renovation plans are finalized. The property has two full bathrooms, although the listing does not provide detailed information about their current condition or finishes. Buyers will also want to inspect the kitchen areas and determine what work may be required to make them functional and suitable for modern living. Given the home’s age, restoration could involve considerable improvements, but its existing size and original architectural features provide a valuable foundation for someone willing to invest the necessary time and resources.
Outside, the home sits on a generous corner lot measuring approximately 60 by 140 feet, providing a total of around 8,400 square feet of outdoor space. The covered front porch is one of the property’s most inviting exterior features, offering a traditional place to sit, relax, and enjoy the surroundings. With its historic appearance, the porch could become an attractive outdoor gathering area once the necessary improvements are completed. Off-street parking is available through the alley, with a gravel parking area providing convenient access for residents and visitors. The home’s shingle roof and traditional exterior further contribute to its older architectural character. Its corner-lot position also provides a sense of space and visibility, making the residence stand out within the surrounding neighborhood.
Offered for just $35,000, the Wishing Well Place Mansion represents an opportunity for buyers who recognize the potential of historic properties and are willing to take on a serious restoration project. The home is being sold strictly as-is, where-is, and the asking price reflects the work that may be required to bring it back to its former condition. A professional inspection will be essential, particularly given the property’s age and the possibility of significant repairs to its major systems and structure. Nevertheless, the combination of four bedrooms, two bathrooms, 2,752 square feet, original hardwood flooring, stained glass, ornate woodwork, and a full basement makes this property an interesting prospect. For someone with the right vision and passion for historic preservation, 628 Franklin Street could become a beautiful residence once again. Some houses offer modern convenience, while others offer something much harder to find: history, craftsmanship, and the opportunity to restore a piece of the past.
