Historic, Fireplace
1920 New Castle Four-Bedroom with Third Floor and Built-Ins — $145,000
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 | 1920 home, 1805 sqft, 4BR+flex 3rd floor, built-ins, fireplace, porch, deck |
| Condition | 25% | 7 | Multiple named updates — heat pump, fireplace insert, countertops, vanities; systems partially refreshed |
| Price / Sq Ft | 15% | 8 | Listing $80/sqft vs zip median $95/sqft — 16% below; thin 7-comp data noted |
| Price vs. Market | 5% | 6 | $145K vs $226K zip median — 36% below, though zip median may include larger/newer homes |
| Market Conditions | 5% | 6 | DOM 61 days, 97.7% sale-to-list, 27.3% price drops — mild buyer advantage |
The third floor is where this house gets interesting. Most 1920s homes this size stop at two stories and call it done. This one has a full flex level up top — usable as a fifth bedroom, a home office, or just space to spread out in a way that four-bedroom houses rarely allow. At 1,805 square feet across three floors, the layout gives a family real room to sort itself out.
The bones of the house are what you'd expect from 1920: built-in storage throughout the second floor, a fireplace, a front porch, a back deck. These are the things that make old houses worth living in. The built-ins in particular are the kind of detail that gets designed out of newer construction because it costs money to build and time to think about.
The updates here are real and specific, which matters. A gas heat pump was put in. The fireplace got a new insert. Countertops and vanities were refreshed. The main-floor bathroom has a stackable washer and dryer built in, which is either convenient or awkward depending on how you feel about laundry on the first floor. These are improvements that cost money and extend the life of the systems, so you're walking into a house that someone spent actual effort on rather than just listing as-is.
At $80 per square foot against a zip median around $95, you're getting a discount on the size. The home is also priced 36% below the zip's median sale price, though that gap partly reflects the age and category of the home rather than pure undervaluation. It has been sitting 61 days, which suggests the market here is slow rather than this specific house having a problem, but it's worth knowing.
What the price makes possible is clear: four bedrooms, a usable third floor, a porch, a deck, off-street parking, and a century of construction quality that newer builds at this price point simply don't have.
