under $150,000 property in Vernon Alabama
$
129,900
Pending
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Vernon, Alabama
2881 Old Highway 18
3
Beds
2
Baths
1372
Sq Ft
1985
Built

Acreage, New Roof

Brick Ranch on 2 Acres with Storm Cellar, Vernon AL — $129,900

6

out of 10

HousesUnder150K Score

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

CategoryWt.ScoreDetail
Property Merit50%72-acre brick ranch, storage building, storm cellar, 1372 sqft with laundry room
Condition25%7New roof named, fresh interior/exterior paint; HVAC and windows age unknown
Price / Sq Ft15%6Listing $95/sqft vs zip median $102/sqft (~7% below); 2 comps, directional only
Price vs. Market5%9$129,900 is ~52% below $271,882 zip median; median likely skewed by acreage sales
Market Conditions5%6DOM 109 days typical; 33% price drops buyer-positive; sale-to-list near 100%

Two acres for under $130,000 is the thing that stops you. The zip median sits near $272,000, and yes, that number is probably pulled up by larger acreage sales in the area, but even accounting for that, this price is low. At $95 per square foot, you're coming in below what comparable properties in this zip code are trading for.

The house itself is a 1985 brick ranch. Brick construction at this price point matters because it holds up. You're not dealing with vinyl siding that warps or wood that rots. The exterior has been freshly painted, the interior too, and there's a new roof on it. Those three things together mean you're walking into something that has been worked on recently, not deferred.

Inside, 1,372 square feet with three bedrooms and two full baths. The living room and kitchen share space, and there's a separate laundry room, which is worth having. It's a practical layout for a family or for someone who wants a manageable house that doesn't fight you on upkeep.

Out back there's a storage building, which is genuinely useful when you're on two acres and accumulating the tools and equipment that come with that. The storm cellar is the kind of thing you don't think about until you need it, and then you're glad it's there. In Alabama, it's a real feature.

The honest downside is what you don't know. HVAC age and window age aren't listed, and those are the two systems that can turn a low purchase price into a higher one fast. Before closing, you'd want to understand what you're inheriting there.

The property has been sitting for over 100 days, which gives you some room. Sale-to-list ratios in this market run close to full price, so sellers here are holding their numbers, but the time on market is your leverage point if you want to have that conversation.

Two acres, brick construction, a new roof, and a storm cellar. At $129,900, that's a lot of land and a solid house for the money.

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