Denison Iowa home under 150,000
$
149,500
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Denison, Iowa
237 N Main St
3
Beds
2
Baths
1328
Sq Ft
1893
Built

Historic, Garage, Finished Basement

1893 Denison Corner Lot, Covered Porch, 2-Car Garage — $149,500

6

out of 10

HousesUnder150K Score

Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%

CategoryWt.ScoreDetail
Property Merit50%71893 corner-lot home, covered porch/deck, 2-car garage, full basement, walkable location
Condition25%5Sold as-is; "move-in ready" claimed but no named system dates; washer/dryer included
Price / Sq Ft15%5Listing $113/sqft vs zip median ~$98/sqft — 15% above median (thin, 8 comps)
Price vs. Market5%6$149,500 vs $189,000 median — approximately 21% below zip median
Market Conditions5%7DOM 183 days, sale-to-list 95%, 28.2% price drops — clear buyer's market

This house has been sitting for 183 days. In a market where nearly a third of listings have taken price cuts, that number is worth knowing before anything else. The ask is $149,500, which lands about 21% below the zip code median, so the price is doing something real here even if the per-square-foot figure runs slightly above comparable sales.

The house itself is from 1893, one and a half stories on a corner lot, 1,328 square feet with three bedrooms and two bathrooms. Two blocks from Uptown Denison. There is a covered front porch and a covered back deck, which is a meaningful amount of outdoor covered space for a house this size, and a two-car attached garage with an oversized concrete driveway. A full unfinished basement and a storage shed round it out. The corner lot gives you a larger yard than most of the neighbors have.

Inside, the main floor has a bedroom with a closet, an eat-in kitchen that opens into the dining room, and a living room. One of the bathrooms is on the main floor and described as new. Washer and dryer are included. Upstairs are two more bedrooms with closets and the second full bath, with enough room in that bathroom for a vanity or storage beyond what is there now.

The honest part: this is being sold as-is, and no one is telling you when the roof, the HVAC, or anything else was last touched. "Move-in ready" is in the listing, but without system dates that phrase is mostly marketing. The condition score reflects that gap. You are buying a 130-year-old house with no documentation on its mechanicals, and the price needs to account for whatever you find.

What the price does make possible is walking into a house with real age and some decent bones on a corner lot with covered outdoor space and a garage, in a walkable location, for $40,000 less than the local median. If you can handle an as-is purchase and budget for what you do not yet know, that gap is where the math works.

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