Historic, Garage, Finished Basement
1930 Raton Bungalow, Unfinished Basement, Detached Garage — $135,000
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 | 1930 bungalow, 1,716 sqft, unfinished basement, detached garage, back deck, mature yard |
| Condition | 25% | 6 | No system dates named; "bungalow charm" language but no specifics on roof/HVAC/windows |
| Price / Sq Ft | 15% | 5 | Listing $79/sqft; zip median PSF unavailable — neutral score applied |
| Price vs. Market | 5% | 6 | $135K vs $188,918 zip median — roughly 29% below median, thin 15-sale sample |
| Market Conditions | 5% | 9 | Sale-to-list 73.8%, price drops 40.4%, DOM 59 — strong buyer's market signals |
The market context here is the first thing worth understanding. Raton is a buyer's market right now, a strong one. Homes are selling at 73.8% of list price on average, and 40% of listings have taken price cuts. That backdrop matters when you're looking at a 95-year-old bungalow listed at $135,000, because the room to negotiate is real.
The house is 1,716 square feet, built in 1930, two bedrooms, one bath. At $79 a square foot, you're getting a lot of physical space for the money, and the footprint is larger than a typical bungalow of this era. The main level is where you actually live. The basement is unfinished, which depending on your situation is either a project or just storage, but it adds meaningful square footage you could eventually pull into the house if you wanted to put the work in. The detached one-car garage is separate from a detached storage building, so there's actual utility out back beyond just the yard.
Speaking of the yard: mature trees and established plantings take years to grow. You get that here without having done the work yourself. There's a back deck too, which in a town at elevation where summer evenings are cool is a genuinely useful feature.
What the listing doesn't tell you is also worth naming. No roof age, no HVAC details, no window or system dates anywhere in the description. For a 1930 house that could mean everything is fine and the agent just didn't think to mention it, or it could mean the big expenses are still in front of you. Either way, you'd want an inspection that goes deep before you commit.
The price is already below the zip median by a significant margin. With the buyer's market the way it is here, there's a reasonable case that the number has more room to move. What $135,000, or less, gets you is a full-sized historic bungalow with a basement, a garage, a yard, and a deck. For the right buyer who wants space and doesn't need everything finished, that combination at this price is hard to replicate.
