Acreage
1997 Russellville Ranch on 0.73 Acres, Priced 35% Below the Zip — $125,000
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 | 0.73 acres, 3BR/2BA, 1232 sqft; acreage floor qualifier met, no standout character |
| Condition | 25% | 6 | 1997 build, no system dates named, vague "ready to make your own" language |
| Price / Sq Ft | 15% | 9 | Listing $102/sqft vs zip median $157/sqft — 35% below; 5 comps, directional signal |
| Price vs. Market | 5% | 9 | $125K vs $230,850 zip median — 46% below; median likely reflects larger/acreage sales |
| Market Conditions | 5% | 6 | DOM 70 days, 36.2% price drops, 97.9% sale-to-list — mild buyer advantage |
The thing that stands out here is the price relative to what you get. At $102 per square foot, this house comes in 35% below the zip code's median price per square foot, and 46% below the median sale price in the area. Some of that gap reflects what else sells in the zip — larger homes, more land, bigger numbers — but even accounting for that, $125,000 for a 3-bedroom, 2-bath house on nearly three-quarters of an acre in Russellville is a low entry point.
The house itself is a 1997 ranch. Three bedrooms, two bathrooms, 1,232 square feet. The agent calls the kitchen large and the bedrooms large, and given that the square footage is modest, take that with some skepticism — but the layout is described as a good one for the size. The yard is the clearer story. 0.73 acres gives you real outdoor space, room for a garden, a dog, kids, a shop out back, whatever you want to do with ground. That kind of lot at this price is what pushes this listing out of ordinary territory.
The honest downside: the agent description is thin, and the language "ready to make your own" usually signals that something needs updating. No renovation dates are mentioned, no system ages, no specifics on mechanicals or condition. The house has been on the market 70 days, and the broader market here shows a 36% rate of price reductions. This one has not dropped yet. Whether that means the price is already right or that a drop is coming is an open question.
What the price makes possible is clear enough. You can buy this house, put money into it, and still come in well under what comparable finished homes in the area are selling for. The lot alone gives you options. The price gives you margin. What you'd be trading for both is some unknown amount of work and the patience to find out exactly what that work is.
