Character Home, Garage, Acreage
1962 Van Buren Corner Lot with Hardwood Floors and Outbuilding — $137,000
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 | Corner lot, hardwood floors, attached garage, detached outbuilding, 1,520 sqft |
| Condition | 25% | 6 | No system dates named; hardwood floors noted; 1962 build, unknown HVAC/roof age |
| Price / Sq Ft | 15% | 8 | Listing $90/sqft vs zip median $125/sqft — 28% below; 7 comps, directional signal |
| Price vs. Market | 5% | 7 | $137K vs $252K zip median — 46% below; median likely skewed by larger/newer homes |
| Market Conditions | 5% | 6 | 37.5% price drops is strong buyer signal; DOM 36, sale-to-list 97.9% balanced |
At $90 a square foot, this house is priced well below what comparable square footage is selling for in this zip code. The median price per square foot in the area runs around $125. That gap is what makes 1520 Dechard worth looking at.
It's a 1962 brick traditional on a corner lot in Van Buren, Arkansas. Three bedrooms, two baths, 1,520 square feet. The hardwood floors run throughout, which on a house this age usually means they've had sixty years to settle into something decent. Whether they need refinishing or just cleaning is the kind of thing you'd see on a walkthrough, but they're there, and that matters.
The kitchen has an eat-in layout with an electric range and dishwasher already in place, and the agent notes good cabinet storage. Side-entry attached garage with a concrete driveway. In the back, there's a detached outbuilding, which is the kind of thing that either becomes a workshop, a storage space, or the reason someone buys a house. Depends on what you need it for.
The corner lot gives you more yard than a standard lot would, and with a detached structure already on the property, there's room to do things. Garden, build, store, work on something.
The honest concern here is age and unknowns. The house is from 1962 and the listing names no dates on the HVAC, roof, or major systems. That's a gap, and it's a real one. A thorough inspection isn't optional on a house like this. The lead paint disclosure applies given the build year. Budget for the possibility that something needs attention, because a house this old without documented system updates almost certainly has a line item waiting somewhere.
What the price makes possible is that you have room to absorb that. At $137,000, you're paying $115,000 below the zip code's median sale price. Even if the inspection turns up a system or two that needs work, you're starting from a place that gives you margin most houses in this area don't.
