Acreage, Garage, Historic
1920 Daleville Farmhouse on 0.79 Acres, Hardwood Floors — $99,500
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 | 0.79 acres, hardwood floors, detached garage, covered deck, 1920 historic floor qualifier |
| Condition | 25% | 5 | "Needs TLC" with no system dates; currently tenant-occupied until Oct 2026 |
| Price / Sq Ft | 15% | 7 | $88/sqft listing vs $114/sqft zip median — 23% below; thin data noted |
| Price vs. Market | 5% | 9 | $99,500 vs $228,750 zip median — 57% below; strong signal despite thin comps |
| Market Conditions | 5% | 7 | 50% price drops and 95% sale-to-list signal buyer's market; only 26 DOM |
The price is the first thing worth sitting with. The zip median sale price is $228,750. This one is listed at $99,500. That gap is wide enough that you have to look twice, and when you do, the property holds up better than you might expect from something priced that far below its neighbors.
It's a 1920 house, three bedrooms, one bath, 1,128 square feet. Hardwood floors throughout, which in a hundred-year-old house means something. Floors like that either get refinished and look good for another few decades, or they've been covered and mistreated and need real work. The listing calls for TLC and gives no system dates, so you'd be going in without knowing when the roof, HVAC, or plumbing last got attention. That's the honest risk here, and it's a real one.
What makes this more than a fixer story is the land. Nearly eight-tenths of an acre in a small Indiana town, fenced for privacy, with a covered back deck and a detached garage. That's a yard big enough to actually use. Garden, dogs, kids, storage, a project car in the garage. The lot gives you room the square footage inside doesn't, and for a lot of buyers that trade works out fine.
The practical picture: Daleville sits close to I-69 with reasonable drives to Muncie, Anderson, and Indianapolis. The house is tenant-occupied through October 2026, so you're buying a property you can't move into or substantially renovate for over a year. If you want to live here, that's a delay. If you want to collect rent while you wait, that's a different calculation.
At $88 per square foot against a zip median of $114, the pricing is aggressive even before you account for the lot and the garage. The comps are thin, which always adds uncertainty, but the directional signal is clear. A house on this much land, in this kind of market, priced this far below median, gives you room. Room to spend on the unknowns and still come out ahead.
