Hidden Gem, Garage, Historic
1948 Canton Bungalow, 1858 Sqft on a Third-Acre, Priced Well Below Market — $150,000
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 | 1858 sqft 1948 bungalow, large garage, 0.37 acres, 3 bed/1 bath |
| Condition | 25% | 7 | Named updates: new furnace, newer roof, new hot water tank — cosmetic unknown |
| Price / Sq Ft | 15% | 9 | Listing $81/sqft vs zip median $194/sqft — 58% below; thin 7-comp base |
| Price vs. Market | 5% | 6 | $150K vs zip median $204,911 — approximately 27% below median |
| Market Conditions | 5% | 5 | 100.2% sale-to-list, 16-day DOM, 19.4% price drops — balanced market, floor applied |
At $81 a square foot, this house is sitting about 58% below what comparable homes in this zip code are selling for per square foot. The zip median sale price is around $205,000. This one is listed at $150,000. That gap is wide enough to pay attention to.
The house is a 1948 bungalow on Perry Drive SW in Canton, 1,858 square feet across three bedrooms and one bath. A third of an acre. There is a large garage. For a family that needs room to spread out without stretching the budget thin, this is a lot of house for the money.
The mechanical picture is cleaner than you usually see at this price. New furnace, new hot water tank, and a newer roof are all named in the listing. Those are the three things that tend to ambush buyers in older homes, and here they have all been addressed recently. That does not mean the house has no work left in it. The listing says nothing about cosmetic condition, which usually means there is cosmetic work to do. Paint, floors, kitchen, bath, trim. The kind of things that take time and money but do not require a contractor for every step.
The 1948 build date means you are dealing with a house that has been through multiple generations of updates and decisions. Some of those will be fine. Some will need to be undone. There is no way to know from the listing what is underneath or behind anything. You would need a thorough inspection and a realistic sense of what you are willing to take on.
What the price makes possible is meaningful. At $150,000, someone could buy this house, do solid cosmetic work over a year or two, and end up with a well-mechanicaled, full-sized bungalow on a real lot in Canton for considerably less than what similar houses are selling for after the work is already done. That math works if you have some patience and some budget left over after closing.
