Historic
1900 Winona Four-Bedroom, 46% Below the Zip Median — $145,000
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 1900 build, 4 beds, 1351 sqft, Winona historic river town; no character details named |
| Condition | 25% | 6 | New carpet, flooring, paint, appliances noted; roof/HVAC/windows unknown, no system dates |
| Price / Sq Ft | 15% | 8 | Listing $107/sqft vs zip median $159/sqft — ~33% below median; 7 comps, directional |
| Price vs. Market | 5% | 9 | $145K vs zip median $269,333 — ~46% below median, strong value signal |
| Market Conditions | 5% | 5 | DOM 15, sale-to-list 100.8%, price drops 26.4% — balanced with buyer-side drop signal |
Winona sits on a bluff above the Mississippi and has the kind of 19th-century housing stock that most river towns have lost or ruined. This house was built in 1900, which means it has had 125 years to accumulate character or suffer neglect, and the listing does very little to tell you which. That is the honest tension here.
What the listing does say: new carpet in the bedrooms, new kitchen flooring, new paint throughout, new appliances. That is a meaningful round of cosmetic work. Someone went through this place and freshened it up before putting it on the market, and for 1,351 square feet across four bedrooms, the result is a house that is ready to move into without immediately repainting every wall or replacing the stove. Four bedrooms in this square footage means the rooms run small. That is worth knowing before you walk in expecting generous space. You are getting four distinct rooms, and what you do with that depends on how you use them.
What the listing does not say: anything about the roof, the HVAC, the windows, or when any of the systems were last touched. On a 125-year-old house, those are the questions that matter more than fresh paint. A pre-purchase inspection here is not optional. You need to know what you are inheriting behind the walls before the price starts to look like pure upside.
And the price does look like upside. The zip median sits at $269,333. This house is listed at $145,000. That is 46% below the median, and at $107 per square foot against a zip median of $159, the gap is real and wide. For a four-bedroom in a historic Mississippi river town with some recent work already done, that spread is hard to ignore.
The unknowns are genuine. But at this price, you have room to absorb surprises and still come out well. A family that wants a foothold in Winona without paying median prices, or someone looking to put down roots in a house that could use some investment, has real room to work with here.
