Waterfront, Historic, Garage, Lake Access
1875 Waterfront Home in Milan with New Well and Septic — $149,000
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 | Waterfront, 1875 build, garage, shed, enclosed porch, mudroom — solid rural package |
| Condition | 25% | 6 | New well and septic are major positives; roof/HVAC/windows unspecified, systems unknown |
| Price / Sq Ft | 15% | 7 | Listing $120/sqft vs zip median $148/sqft — ~19% below; thin 7-comp data, directional only |
| Price vs. Market | 5% | 8 | $149K vs $327K zip median — 54% below; rural/acreage mix likely inflates zip median |
| Market Conditions | 5% | 7 | Sale-to-list 93.9%, price drops 31.5%, DOM 52 — clear buyer's market signals |
The river is the thing. This 1875 house in Milan sits on waterfront, which means you can canoe or kayak from the property, and in winter you have ATV, snowmachine, and cross-country ski trails directly accessible. That combination — water access and trail access from the same address — is hard to find at any price, let alone $149,000.
The house itself is 1,243 square feet, two bedrooms upstairs, with a living room, kitchen with dining area, first-floor bath and laundry, a mudroom with storage, and an enclosed front porch. That porch faces front, which in a place with New Hampshire winters matters more than square footage. There is also a garage and a separate shed out back, plus room for a garden or just yard.
Built in 1875, so this is an old house. The walls have held a lot of seasons. The agent description does not mention the roof, the windows, or the heating system, which means you should go in expecting to ask about all three before you get attached. What the listing does confirm: new well and new septic, which are the two underground systems that can quietly cost you $20,000 to $40,000 if they fail. Having those done removes real risk from the equation.
At $120 per square foot against a zip median closer to $148, and at $149,000 in a zip where the median sale price is around $327,000, this is priced well below the surrounding market. Some of that gap reflects rural acreage comps inflating the median, but the direction is clear. This is a buyer's market up here — about a third of listings have taken price cuts, and homes are sitting around 52 days on average. You have room to negotiate if the inspection turns up what the listing left unspecified.
For a full-time household that wants river access and four-season outdoor use without a long drive to get there, this house does the job. For someone building a weekend place in the White Mountains region, it does that too.
Originally listed for $149,000, this property sold for $145,000 on October 19, 2026 after 236 days on the market.
