Hidden Gem, Historic, Garage
1910 Milroy House with Four Garage Spaces, Main-Floor Living — $59,000
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 | 1910 build, 1578 sqft, main-floor living, attached + detached 2-car garages |
| Condition | 25% | 5 | No system dates, no renovation history, short description — condition unknown |
| Price / Sq Ft | 15% | 9 | Listing $37/sqft vs zip median $99/sqft — 63% below; 7 comps, directional only |
| Price vs. Market | 5% | 9 | $59K vs $139,440 median — 58% below; thin market (4 sales/month) |
| Market Conditions | 5% | 5 | DOM 5 (vs 36 median), sale-to-list 106.2% competitive — floor applied |
The price is the first thing. $59,000 for a 1910 house in Minnesota with three bedrooms, two baths, and 1,578 square feet. The zip median for a sale here runs about $139,000. This one is listed at $37 a square foot when the zip median is $99. Those numbers are far enough apart that they make you look twice.
The house is old, built in 1910, and the listing gives almost nothing about its condition. No system dates, no mention of when anything was last updated, a description thin enough to fit on a Post-it. That gap is the central unknown here. A 114-year-old house at this price is either a solid old home that someone kept up reasonably well, or it has work ahead of it. You would need to walk through it and bring someone who knows what they are looking at.
What the listing does say: everything is on the main floor, which matters a lot depending on who is moving in. The living and dining area is large. The kitchen has cabinet space. And then there are the garages, which are the kind of detail that makes you stop. An attached two-car garage plus a separate detached two-car garage. Four garage spaces total on a $59,000 property. For someone who collects cars, runs a small business, builds things, needs storage, or just wants a proper shop, that is a meaningful setup that would cost real money to add to any other property.
The condition is the honest risk. At this price, some work is already built into the expectation. The question is how much. The house went under contract in five days and historically sells above list, which suggests the market has already sorted out that it is priced to move. That speed means you have to decide quickly and go in ready to inspect thoroughly.
At $59,000, you are buying into a project with unknowns. But four garage spaces and main-floor living in a 1910 house at this price point leaves a lot of room to find out.
