Renovated, Historic, New Roof
1900 Vincennes Home, Top-to-Bottom Renovation, Tiny Lot — $149,900
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 6 | 1900 build, 3bed/2bath, 1251 sqft; historic bones but tiny 0.08-acre lot limits story |
| Condition | 25% | 9 | Comprehensive renovation: roof, HVAC, electrical, water heater, siding, kitchen, baths — move-in ready |
| Price / Sq Ft | 15% | 5 | Listing $120/sqft vs zip median ~$105/sqft; ~14% above median, thin 8-comp base |
| Price vs. Market | 5% | 3 | Listing at $149,900 vs zip median $149,835 — essentially at market, no discount |
| Market Conditions | 5% | 7 | DOM 31 days, sale-to-list 93.7%, price drops 35.6% — clear buyer's market signals |
Everything in this house is new or close to it. Roof, furnace, central air, water heater, electrical, insulation, drywall, siding, kitchen, bathrooms, flooring. That is a comprehensive list, and it matters because the house itself is 125 years old. Someone bought a 1900 build in Vincennes and went through it systematically rather than selectively. The result is a house that should qualify for conventional financing without a fight and give you several years before anything major needs attention.
The house is 1,251 square feet with three bedrooms and two full baths. At that size, rooms are going to be modest. This works for a couple, works for a small family, works for someone who wants low overhead and low maintenance. It does not give you a lot of room to spread out, and it does not pretend to. What it gives you is a fully updated older home in a city with genuine history behind it.
The lot is 0.08 acres, which is small. You have a yard in a technical sense. If outdoor space is a priority, that is the honest tension here, and it does not resolve itself with creative thinking. The tradeoff is you get the house and its renovations, not the land.
On price, this is listed at $149,900 against a zip median of roughly $149,835. There is no built-in discount. You are paying market rate for a renovated house, and the price per square foot runs about 14% above the zip median. That said, Vincennes is currently a buyer's market in a real way: 35% of listings have taken price cuts, and homes are selling at about 94 cents on the dollar. A confident offer below asking has a reasonable chance of landing. The sellers here have already invested in making the house clean and ready, which suggests they want it sold.
For someone who wants to move in without a renovation project ahead of them, and who does not need a large yard, this is a straightforward house at a fair price in a market where there is room to negotiate.
