OH MY GOD!!! Someone couldn't find a better place for that fusebox??? I'll second, that "shack" is wayyy past it's expiration date, ready to be put to rest by Caterpillar.
I can't imagine looking out the window thinking.. "Gosh, thats a beautiful view of a.... fusebox!"

Where does the old romex out the top of the fusebox end up? Seeing the boarded up door and the 2 different exterior surfaces hints towards some kind of alteration of the building. Looking at the shadows on the building, I'm afraid to say, I think the rotted looking thing is (was) actually SE cable at one time... (Maybe when Herbert Hoover was in office [Linked Image] )

My guess is an attempted remodel by the HO and maybe one of his buddies, relatives, etc. about 50 years ago and they simply lost interest.. (or ran out of beer)