Renovated, Historic
1920 Niagara Falls Home, Fully Remodeled, Priced 37% Below Median — $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% | 6 | 1920 home, covered front porch, 1309 sqft, no acreage or floor qualifiers |
| Condition | 25% | 7 | Described as completely remodeled — new flooring, paint, kitchen, bath; no system dates |
| Price / Sq Ft | 15% | 8 | Listing $111/sqft vs zip median $136/sqft — ~18% below; thin 8-comp data noted |
| Price vs. Market | 5% | 8 | $145K vs $229,901 zip median — ~37% below median sale price |
| Market Conditions | 5% | 5 | 105.9% sale-to-list and 9-day DOM — competitive; floor applied at 5 |
The price is the first thing worth sitting with here. The zip code median sale is $229,901. This is $145,000. That gap, about $85,000, is large enough to fund a serious renovation on top of purchase and still come out ahead of the neighborhood average. Except the renovation is already done.
The house is a 1920 three-bedroom in Niagara Falls, 1,309 square feet, and someone has put real work into it. New flooring throughout, fresh paint, an updated kitchen, an updated bath. The agent description is thin on specifics, so there are no dates on mechanicals, no mention of the roof or windows or HVAC. That matters. A remodeled kitchen and bath look good in photos, but if the furnace is original to the Harding administration, the gap between asking price and move-in cost narrows fast. Worth asking the right questions before you close.
What the listing does mention is the covered front porch, and it sounds like a real one. Big enough to be called out as a feature, covered, and facing the street. On a 1920 house in western New York, that porch is probably the best part of the exterior and the place you will actually use from May through October.
Inside, 1,309 square feet across three bedrooms and one bath is tight for a large family but workable for two people, a couple with young kids, or someone who needs a spare room for an office or guests. The layout on a house this age tends to be compartmentalized, actual rooms with walls, which some people prefer.
The market in this zip is competitive. Houses are selling above asking in under two weeks. The fact that this one is priced this far below median either reflects the unknowns on the mechanical side or a genuine pricing decision. Either way, $111 per square foot in a zip where the median is $136 is a meaningful gap, and a buyer who does their homework on the systems question is in a solid position here.
