under 150,000 home budget Chickasaw Alabama
$
150,000
Pending
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Chickasaw, Alabama
202 Forest St
3
Beds
2
Baths
1170
Sq Ft
1986
Built

Acreage

Half-Acre Corner Lot, Metal Roof, Cherry Floors in Chickasaw — $150,000

6

out of 10

HousesUnder150K Score

Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%

CategoryWt.ScoreDetail
Property Merit50%70.56-acre corner lot, metal roof, double carport, cherry floors, cottage style
Condition25%7Freshly painted inside/out, updated kitchen and baths, no system dates given
Price / Sq Ft15%5Listing $128/sqft vs zip median $109/sqft — 17% above median; thin 8-comp data
Price vs. Market5%3Listing $150K vs zip median $117K — 28% above median sale price
Market Conditions5%6DOM 40, sale-to-list 97.4%, price drops 33.7% — moderate buyer signals

The lot is the story here. A half-acre corner lot in a suburb is genuinely unusual, and 0.56 acres gives you room to do things most homeowners in this kind of neighborhood have to dream about: a real garden, space for a boat or camper, a yard that breathes. The double carport with parking for up to five vehicles is part of that same logic. This is a property built around the idea of having space for your stuff and room left over.

The house itself is a 1986 cottage-style, 1,170 square feet, three bedrooms, two baths. It has been freshly painted inside and out, the kitchen and bathrooms have been updated, and there are cherry floors throughout. The metal roof is a practical advantage, and the hardboard exterior is low maintenance. There is a front porch and a small courtyard on the side. The interior is compact but laid out without wasted space. Ceiling fans throughout.

None of this is large, and 1,170 square feet across three bedrooms means the rooms are on the smaller side. The listing gives no dates on systems, so HVAC, water heater, and anything mechanical need to be verified during due diligence. The freshly updated kitchen and baths look clean in photos but age and quality of the work matter more than the paint.

The price is where things get complicated. At $150,000, this house sits 28% above the zip code's median sale price and 17% above the median price per square foot on thin comparable data. About a third of listings in this market have taken price cuts, and the average sale lands at 97.4% of list. The house has been on market 40 days. A buyer willing to negotiate has room to work.

For someone who wants a manageable house with a real yard, parking for multiple vehicles, a durable roof, and updated interiors, the bones of the argument are here. The price just needs to move a little to make it land.

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