Hidden Gem, Historic, Income Potential
1932 Windom House with Dual Decks and Lower Suite — $82,000
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 | 1932 build, 2BR/2BA, dual decks, updated kitchen, lower-level suite layout |
| Condition | 25% | 7 | Move-in ready stated; updated kitchen confirmed; no system dates given; slight uncertainty |
| Price / Sq Ft | 15% | 9 | $65/sqft vs $106/sqft zip median — ~39% below; 8 comps, directional but meaningful |
| Price vs. Market | 5% | 9 | $82K vs $179,947 median — 54% below; median likely reflects larger homes, still notable |
| Market Conditions | 5% | 6 | DOM 7 vs median 26; sale-to-list 97.2%; price drops 45.2% — buyer-friendly signal on drops |
At $65 a square foot, this house costs about half what comparable square footage runs in its zip code. The median sale price in the area sits near $180,000. This one is $82,000. That gap is big enough to matter regardless of how you account for size differences between properties.
The house is a 1932 build on Langley Ave, two bedrooms, two full baths, 1,255 square feet across two levels. The main floor has one bedroom, one bathroom, and a kitchen that has been updated. The lower level holds the second bedroom, a full bathroom, and laundry, which gives it a suite-like separation from the rest of the house. That layout works for a couple who wants privacy between a guest room and the main living space, or for someone who wants to rent the lower level while living upstairs. The configuration makes both uses plausible without any structural changes.
There are two decks, one in front and one in back. A front deck is actually useful, the kind of thing that gets used constantly in warmer months, not just for company. Having one on both ends means you get morning and afternoon light at different times depending on which direction the house faces.
The kitchen is the one confirmed update. Everything else, the systems, the mechanicals, the roof, the age of what's been replaced, none of that comes with dates in the listing. That uncertainty is the real unknown here. A house built in 1932 can have been well maintained or it can have 90-year-old wiring and original plumbing. The listing says move-in ready but does not say much beyond that. An inspection matters more here than it might somewhere newer.
What the price makes possible is room to absorb the unknowns. If the inspection turns up deferred work, you have margin to handle it and still come out well under what anything else in this zip code costs. That is the position this house puts a buyer in, and at $82,000, it is a real position.
