Acreage, Creek, Historic
1950 Arkansas Homestead on 3.5 Acres, Priced $45K Below Appraisal — $99,900
8
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 9 | 3.5 acres, creek, outbuildings, deck, river/forest recreation corridor nearby |
| Condition | 25% | 8 | Newer metal roof, gas furnace, septic, updated kitchen/bath — solid for 1950 build |
| Price / Sq Ft | 15% | 9 | $77/sqft vs $172/sqft zip median (55% below); thin 6-comp base but strong signal |
| Price vs. Market | 5% | 5 | Listed at $99.9K vs $351K zip median — zip median likely land/acreage skewed, not comparable |
| Market Conditions | 5% | 6 | 39.1% price drops and 97% sale-to-list — mild buyer advantage, floor applied |
The appraised value on this property is $145,000. The asking price is $99,900. That gap is the first thing worth understanding, because everything else builds from it.
The house itself is a 1950 two-bedroom, one-bath on 3.5 acres in Saint Paul, Arkansas, and it has had real work done. Newer metal roof. Newer gas furnace. Updated kitchen and bath. A newer 1,000-gallon septic system sized to handle an additional bathroom when you're ready for it. For a 74-year-old house, that's a solid foundation of maintenance rather than deferred problems waiting for you.
The land is split in an interesting way. The home and its outbuildings sit on one side of the road. A separate piece across the road has pine trees, green space, and a creek running through it. So you get the working part of the property and a quieter, wilder piece a road-width away. There's a fenced yard with a double gate, a covered deck, a carport, a small shop, and a storage building. High-speed internet through OzarkGo is available, which matters if you're thinking about working remotely in a place like this.
What surrounds it matters too. The White River is directly across Highway 16. The Mulberry River, the Kings River, Kings River Falls, and the Ozark National Forest are all within a short drive. This is genuinely one of the better-positioned corners of Arkansas for fishing, floating, and hiking, and the property gives you a home base that's already set up to use it.
The honest downside: two bedrooms and one bath is tight for a growing family, and the zip code median is so land and acreage-skewed that price comparisons are hard to make cleanly. You're buying into a rural area where resale comps are thin.
But at $77 per square foot, with 3.5 acres, a creek, a metal roof, and a $45,000 cushion below appraisal, this is a lot of land and a lot of outdoor life for a price that's hard to find in this part of the Ozarks.
