One, it had two living spaces, and with the way the layout worked, I could easily create a fourth bedroom for myself by erecting a wall to split a long 25x11ft dining/living space in half.

Typically, that means low crime, great schools, access to parks, plenty of dining/shopping options. 

One shot from two opposite corners.Next, living and dining rooms. 

I recently purchased a property with a: living room, family room, dining room, and "converted" the family room into a bedroom, could consider targeting a similar property and using as one of those as an extra room. 

The little laundry room is in dining area Square footage is 1256. 

For example, when you go to a fine dining restaurant, you get the psychological payoff of enjoying a good meal whereas the restaurant gets the financial payoff of charging you a small fortune.

It doesnt appear that the appraiser took into account the following:1) A large vertical crack in the pass through wall from dining room to kitchen 2) a leak from ceiling to floor along the window/gutter side of the house 3) The house is listed as 2 bedroom on tax records and the 3rd room-whether it be office etc-has no closets..It seems listing homes as 2 br were common in certain houses here that were built with 3 but 3rd has no closets.

I have the house partially furnished with the living and dining rooms having full sets and the kitchen having some pots, pans, and silverware (with room for the new roommates to bring their own). 

Shiplap walls are featured in all the living/dining area, kitchen, and all 3 bedrooms.

The boxy 1960s ranch style home reconstructed opening the living, dining, and kitchen into one large functional space.