Acreage, Garage, Historic
1940 Seminole Home on Nearly 1 Acre with Guest House — $65,700
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 8 | 0.96 acres, secondary dwelling, detached garage, carport, 1940 build with character potential |
| Condition | 25% | 7 | Roof 4-5yr, newer sewer, vinyl windows — cosmetic updates remain; no HVAC date |
| Price / Sq Ft | 15% | 9 | Listing $60/sqft vs zip median $133/sqft — 55% below; thin 7-comp data but strong signal |
| Price vs. Market | 5% | 7 | $65,700 vs $151,884 median — 57% below zip median sale price |
| Market Conditions | 5% | 8 | DOM 73 days, sale-to-list 91.8%, price drops 38.4% — clear buyer's market |
Nearly an acre inside city limits is the thing that stops you here. Most in-town lots are a fraction of that. This one gives you a large open backyard, a detached garage, a carport, and a separate single-room guest house, all for $65,700. That is the number to sit with.
The house itself is a 1940 build, 1095 square feet, two bedrooms and two bathrooms. The layout moves from a living area into a dining space, then into a kitchen with counter space and a dining nook. Off the kitchen is a laundry room with a side yard door, which is the kind of practical detail older homes either have or they do not. The primary bedroom has double closets and its own bathroom. The second bedroom connects to the other bath. Nothing about the floorplan is tight or awkward.
Some of the heavy work is already done. The roof is four or five years old, the sewer line is newer, and the windows and siding are vinyl. That is real money that did not have to come out of your pocket. What remains is cosmetic, and the listing does not specify how much of that there is. No HVAC age is listed, so that is the question you would want answered before you close.
The secondary dwelling is worth thinking about. A single room on its own parcel of nearly an acre gives you options. Family. A rental. A workspace. The math on this property at $60 per square foot against a zip code median of $133 per square foot is hard to ignore, and the market in Seminole is clearly favoring buyers right now. Properties are sitting, prices are dropping, and sellers are negotiating.
For someone willing to put cosmetic work in, this is a lot of property for the money. The land alone would be hard to replicate at this price inside town limits.
