Historic
1900 New Ulm House, 2,006 Sqft, 4 Beds, Recent Updates — $150,000
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, 2006 sqft, 4-5 bed flexibility, historic floor qualifier applies |
| Condition | 25% | 6 | Named updates (kitchen, bath, flooring, tankless WH) but vague; no system dates given |
| Price / Sq Ft | 15% | 9 | $75/sqft vs $117/sqft zip median — 36% below; thin 8-comp data, directional |
| Price vs. Market | 5% | 8 | $150K vs $258,888 zip median — ~42% below; high-volume zip, signal is meaningful |
| Market Conditions | 5% | 5 | DOM 15, sale-to-list 99.7%, price drops 28.4% — mixed; floor applied |
At $75 a square foot, this is about half what homes in this zip code are running. The median sits around $117 per square foot, and the median sale price is pushing $259,000. A 2,006-square-foot house from 1900 with four bedrooms for $150,000 in New Ulm is a gap worth paying attention to.
The house has been lived in and updated. Kitchen, bathroom, and flooring have all been touched recently, and there's a tankless water heater in place. No dates given on any of it, which is a fair thing to notice. You'd want to walk through and get a clearer picture of when things were done and what the mechanicals are actually doing. A 124-year-old house that has been updated is still a 124-year-old house, and some of what's under the surface won't be visible until you ask the right questions.
The layout runs somewhere between three and five bedrooms depending on how you use the space, which is the agent's way of saying the floor plan is flexible and not all the rooms are obvious single-purpose spaces. Four is a reasonable working number. At 2,006 square feet, there's real room here. A family could spread out. Someone working from home could carve out a dedicated space without giving anything up. If you wanted to take in a roommate or set up a suite for a parent, the square footage and the flexibility both support that.
What a house built in 1900 in Minnesota has going for it is construction that predates the shortcuts. These older builds tend to be heavier, more solid, and more interesting to look at than what goes up today. Whether that holds here, you'd see when you walk through.
The price is the lead. At $150,000, you're getting into a four-bedroom historic house with meaningful square footage and recent updates for well below what the market around it is clearing. The condition questions are real, but the entry point gives you room to handle them.
