Renovated, Character Home, Fireplace
1965 Altus Two-Bedroom with Spray-Foamed, Heated Backyard Room — $139,000
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 2/1 with fireplace, carport, heated/cooled outbuilding, patio — strong extras for size |
| Condition | 25% | 8 | Roof 2021, new LVP flooring, fresh paint, granite, new gas stove — move-in ready |
| Price / Sq Ft | 15% | 6 | Listing $144/sqft vs zip median $140/sqft — essentially at median, thin 8-comp data |
| Price vs. Market | 5% | 6 | $139K vs $229.5K median — 39% below; median likely reflects larger homes in zip |
| Market Conditions | 5% | 6 | DOM 36 days, 98.2% sale-to-list, 34.2% price drops — mixed, slight buyer lean |
The thing that makes this property stand out has nothing to do with the house itself. Behind the carport, there is a heated and cooled outdoor room, fully spray-foamed, with a sliding gate separating it from the street. The listing calls it a man cave. It could be a workshop, a gym, a studio, a place to actually use. At 966 square feet inside the house, that extra space matters more than it would on a larger property.
The house itself is a 1965 two-bedroom, one-bath on North Willard. Small but clean. The roof was replaced in 2021. The flooring is new LVP throughout. The kitchen has granite countertops and a new gas stove. Fresh paint inside and out. The agent description spends a lot of words on antique-style door knobs with working keys, which tells you the updates are more cosmetic than structural, but the mechanical stuff that counts has been touched. This is a house that has been maintained and lightly redone, not gutted.
The living room has a fireplace. In under 1,000 square feet, a fireplace changes the feel of the room. The second bedroom has a shiplap accent wall. The utility room has a washer and dryer included. The back patio is extended and covered. The carport fits two cars.
At $139,000, you are paying essentially the median price per square foot for this zip code, so the house itself is priced in line with what the market says it should be. The $229,500 zip code median reflects larger homes, so that gap is more about square footage than a bargain on the house. What you are getting for the money is a renovated two-bedroom with a carport and a rare extra room out back that most houses at this price simply do not have.
Two bedrooms and one bath is the limitation. A couple or a single person fits here. A growing family is tight. The market in Altus shows 34% of listings taking price cuts, so there is some softness, and this one has been on for 36 days. There may be room to negotiate. What you end up with either way is a small, solid house with a genuinely useful outbuilding attached to the carport, and the whole thing already done.
