Hidden Gem, Garage
1832-Square-Foot Putnam Ranch on Two Parcels, Two Garages — $135,000
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 | 1832 sqft ranch, two parcels, 2-car garage, shed, formal dining — near 0.5-acre threshold |
| Condition | 25% | 6 | Described move-in ready, vinyl siding, no system dates given; 1980 build, systems unknown |
| Price / Sq Ft | 15% | 9 | Listing $74/sqft vs zip median $116/sqft — 36% below; 4 comps, directional signal |
| Price vs. Market | 5% | 7 | $135K vs $174,849 median — approximately 23% below zip median |
| Market Conditions | 5% | 8 | DOM 82 days, sale-to-list 93.7%, 59.4% price drops — clear buyer's market |
At $74 a square foot, this is a big house for a small price. The zip code median is $116 per square foot, and the broader market median sits around $175,000. A 1,832-square-foot ranch with a 2-car detached garage and a second vacant corner lot is coming in at $135,000. That gap is worth paying attention to.
The house is a 1980 ranch with 3 bedrooms and 1.5 baths. Vinyl siding on the outside. Main level laundry hookups in the half bath. There's both an eat-in kitchen and a separate formal dining room, which is more room to spread out than most ranches at this size and price give you. The layout keeps everything on one floor, which matters for some people and is a complete non-factor for others, but it's worth naming.
The second parcel is the detail that changes the math. It's a vacant corner lot, separate from the main parcel. You get a yard, a 2-car garage, a garden shed with its own overhead door, and then a whole additional lot beyond that. Whether you hold it, build on it, sell it, or just keep the extra space, it's something. Most listings at this price don't come with options like that attached.
The honest caveat: the house was built in 1980 and the listing doesn't mention when the roof, HVAC, water heater, or electrical were last touched. Systems on a 45-year-old house need to be walked through carefully. That's the inspection's job, but go in expecting questions.
The market here is clearly soft. Eighty-two days on the market. Nearly 60% of listings have had price cuts. The average sale closes at about 94% of asking. There's room to negotiate and no urgency to rush. That combination, a below-median price per square foot, a second parcel, and a buyer's market, doesn't come together that often on a house this size. You'd be getting a lot of square footage and a lot of land for money that, in most nearby zip codes, gets you something considerably smaller.
