Acreage, Historic, Character Home, Finished Basement
1940 Glasgow Four-Bedroom on 0.61 Acres with Full Basement — $104,900
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 | 4BR, 0.61 acres, full basement, 1940 build with acreage floor qualifier |
| Condition | 25% | 4 | No system dates, no renovation history, no photos referenced — condition unknown |
| Price / Sq Ft | 15% | 9 | $74/sqft vs $157/sqft zip median — 53% below; thin 8-comp dataset, directional signal |
| Price vs. Market | 5% | 9 | $104,900 vs $264,872 median — approximately 60% below zip median |
| Market Conditions | 5% | 7 | 40.8% price drops and 275 DOM signal buyer leverage; sale-to-list 96.3% mild |
The price is where you start with this one. The zip median sits around $264,000. This house is asking $104,900. That gap is wide enough that you have to look twice and ask what you're missing — and the honest answer is that condition is unknown. No renovation history, no system dates, no photos surfaced in the listing data. You are buying an 84-year-old house and you do not know what shape it is in. That is the real story here, and you should go in clear-eyed about it.
What you know: four bedrooms, two baths, 1,418 square feet, a full basement, and 0.61 acres in Glasgow, Kentucky. At $74 per square foot against a zip median of $157, the math is hard to ignore even with the uncertainty. If the house needs work, the price has room to absorb it. If it needs a lot of work, you need to know that before you close.
The 1940 build means there is likely original detail still in the house, though whether any of it has survived in good condition depends on how the place has been maintained over the last eight decades. That is a thing worth finding out. A house from that era, intact, on more than half an acre, at this price in a town with real amenities nearby, has a ceiling that justifies the inspection.
The basement is a full one, which in a 1,418-square-foot house is meaningful. It roughly doubles the usable footprint if you want to finish it, or it gives you serious storage and utility space without touching the main floor. Four bedrooms at this size means the rooms are not large, but four bedrooms is four bedrooms. You can house a family here, put an office somewhere, have a guest room that stays a guest room.
Glasgow has been sitting with inventory. Over 40 percent of local listings have taken price cuts, and average days on market is pushing 275. The seller knows this market. At $104,900, this is a house worth a serious look and a thorough inspection.
