italiante house in best old house neighborhood in Hastings, Nebraska
Photo: Elizabeth Spilinek
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Central Hastings Historic District, Hastings, Nebraska

The first wave of residential construction in Hastings took place in 1878, when a handful of houses were built on lots carved out of a 160-acre homestead owned by Civil War veteran and local postmaster Samuel Alexander. Today the most charming fixer-uppers are still found here, just north of downtown. They're well within walking distance of dining and shopping on Burlington Avenue, where an eclectic blend of mom-and-pop shops outnumbers big-box businesses.

The Houses
Ornate Victorian-era houses—Italianates, Sticks, and Queen Annes—paid for with railroad wealth stand beside more modest Prairie-style and Craftsman houses built rebellion of earlier excess. When the now-defunct Naval Ammunition Depot was constructed in 1942, a number of English-style cottages were squeezed into whatever space could be found to accommodate the growing workforce. Fixer-upper foursquares sell for $110,000, while a fully restored Queen Anne costs around $300,000.

Why Buy Now?
Under Nebraska's Valuation Incentive Program, owners of qualifying historic homes who perform substantial renovations (25 percent of last assessed value) are eligible to have their property taxes frozen for eight years at the pre-restoration value. In addition, their property taxes will only rise 25 percent each year for the next four years until they reach the post-restoration value. Take advantage of this perk to convert large Victorian-era and Craftsman houses—divided into apartments during the housing shortage of the 1940s—back to single-family homes.

Among the best for: City Life, Cottages and Bungalows, First-Time Buyers, Fixer-Uppers, Midwest, Victorians, Walkability
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