Acreage, Pool, Historic
1948 Goldsboro Bungalow on Half an Acre, 39% Below Zip Median PSF — $89,900
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 | 0.51-acre lot, 1948 bungalow, rocking porch, near military base |
| Condition | 25% | 5 | Sold as-is with no system dates; acreage/historic exception applies, lean mid-range |
| Price / Sq Ft | 15% | 9 | $83/sqft vs $136/sqft zip median — 39% below; thin 8-comp data, directional |
| Price vs. Market | 5% | 3 | $89,900 vs $264,885 zip median — 66% below, but zip median likely reflects newer/larger homes |
| Market Conditions | 5% | 7 | 40.6% price drops and 68-day DOM signal clear buyer's market advantage |
At $83 a square foot in a zip code where the median runs $136, this is a price that gets your attention before you even look at the pictures. Whether it holds up depends entirely on what you find when you get there, and the listing is thin on that front. No system ages, sold as-is, 1,080 square feet built in 1948. You are walking in knowing you will need to do some homework once you're inside.
What the listing does tell you: a 1948 bungalow on 0.51 acres with a rocking chair front porch, three bedrooms, one bath, and a simple layout that should be easy to move through. The porch is the kind of thing that either matters to you or it does not. If it does, a half-acre in Goldsboro with a covered front porch and room behind the house for a garden or a shed is a real thing at this price.
The lot is the main event here. Half an acre gives you room to add a detached garage, grow something, park equipment, or simply have space between you and the next property. That does not happen much at $89,900 in this area.
The honest downside is condition uncertainty. Sold as-is with no disclosure on when the roof was done, when the HVAC was last touched, or what the electrical and plumbing look like in a 77-year-old house. That list of unknowns is the actual cost of this purchase beyond the sale price. You should plan for it before you go, not after.
The location near Seymour Johnson AFB means the buyer pool here is real and consistent. The broader market in this zip is moving slowly, with a 68-day average days on market and 40 percent of listings having taken a price cut. That is useful leverage if you want to negotiate.
At $89,900 with half an acre and a porch, this is a project house priced like one. Go in eyes open and it could be a solid three-bedroom home on a decent piece of land. Go in assuming turnkey and you will be disappointed.
