This room isn't nearly as impressive to view until you know what it looked like before. Each wall was divided in half diagonally, with red paint on one half and black on the other. This included the walls, baseboards, closet doors, bedroom door, and all trim.
Several coats of primer later, we were able to paint. And by that point, we didn't care what color it was. Luckily, the house came with two 5 gallon buckets of mystery paint, so that's what we used (we also used the same color on the play room, the office, and 2 of the bathrooms). It's a nice neutral soft brown color.
Throw in a headboard found for free on the side of the road, our old bedding, and a chair ALSO found in the road, and the room was basically free. But I still think my free room is better than what used to be there.