Acreage, Finished Basement
1962 Brick Ranch on 7.73 Acres, Basement Included — $145,000
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 9 | 7.73 acres, brick ranch, basement, den plus living room — land is the story |
| Condition | 25% | 5 | HVAC noted as updated; cosmetics and flooring needed; Homepath/as-is signals unknown systems |
| Price / Sq Ft | 15% | 7 | Listing $124/sqft vs zip median $155/sqft (~20% below); 5 comps, directional only |
| Price vs. Market | 5% | 8 | $145K vs zip median $245K — 41% below median; strong discount signal |
| Market Conditions | 5% | 6 | DOM 14 vs median 48 (early); 41% price drops in zip; sale-to-list 97.2% near balanced |
Seven and three-quarter acres in Reidsville for $145,000. That's the number that stops you. The zip median sits at $245,000, and this is priced 41% below it. The land alone would justify a closer look.
The house is a one-level brick ranch built in 1962, 1,168 square feet, with a living room, a separate den, and a basement underneath. The basement is unfinished but it's there, and that's a meaningful amount of room to grow into on a single floor plan that otherwise runs tight. The HVAC has been updated. Everything else, flooring, paint, cosmetics generally, needs work. This is a Homepath listing, which means Fannie Mae owns it and it sells as-is. You don't know what you're inheriting on the systems side beyond that HVAC note, and you should plan your inspection accordingly.
The brick exterior holds up well without much intervention, and a one-story layout on a slab is a straightforward thing to work with. The bones, structurally, are simple and honest. What you're paying to fix is surfaces, not structure, though you'd want to verify that.
What 7.73 acres actually looks like on the ground: room to put in a garden the size of most people's backyards, space for outbuildings, a long private driveway if you want one, quiet. If you wanted to run animals or just keep the world at a distance, this does that. The agent description mentions subdivision potential, and the parcel size would likely support it, but that's a longer-term calculation that depends on local zoning you'd need to verify.
The condition drag is real. Budget for flooring and paint at minimum, and hold money in reserve for whatever the inspection surfaces. But the spread between $145,000 and the market median means you have room to absorb some of that and still be ahead. At $124 per square foot against a zip median of $155, you're buying the land at a significant discount to what anything else nearby is trading for.
That's the trade. A house that needs updating, on acreage that's hard to find at this price.
