Historic, Character Home, Finished Basement
1900 Troy Vermont, 2712 Square Feet, Major Systems Replaced — $109,000
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 8 | 1900 build, 2712 sqft, 4 beds, tin ceiling, hardwood floors, historic floor qualifier met |
| Condition | 25% | 7 | 2020 roof/furnace/HWH/foundation major positives; cosmetic work remains, some investor language |
| Price / Sq Ft | 15% | 10 | Listing $40/sqft vs zip median $268/sqft — 85% below; thin 4-comp data but directionally extraordinary |
| Price vs. Market | 5% | 10 | $109K vs $274,881 median — 60% below zip median sale price |
| Market Conditions | 5% | 6 | DOM 68 days zip median, 36.3% price drops, 99.5% sale-to-list — mixed, mild buyer signal |
Forty dollars per square foot. In Vermont. That number is the whole story, and it deserves a second to land. The zip median runs around $268 per square foot. This house is listed at $40. You get 2,712 square feet, four bedrooms, three floors, and a 124-year-old frame that has already had its worst problems addressed.
The big work happened around 2020: standing seam roof, furnace, hot water heater, foundation stabilized, and two additions built front and back, each with new basement underneath. That is the list of things that typically kill a renovation budget before you even pick a paint color. Here, it is already done. What remains is cosmetic, which means flooring, walls, finishes — the kind of work you can pace yourself through and make decisions about rather than emergency calls.
Inside, there is a tin ceiling and hardwood floors in the dining room. Two of the four bedrooms have hardwood as well, along with the second-floor hallway. These are original to the house, and they are the kind of details that are genuinely worth preserving. The third floor has insulation from the same 2020 round of improvements and could become whatever the next owner decides to make of it.
At this size, a family has room to spread out without compromise. Four bedrooms means kids in their own rooms, a home office, a guest room, whatever the configuration needs to be. The third floor adds a layer beyond that. This is a house where you do not have to choose.
The honest downside: this is a house that needs a willing owner. The agent copy mentions flipping, and that framing tells you something. Cosmetic work is still work, and the finish level throughout will require attention and money. The market here has seen meaningful price cuts and longer days on site, which is context worth knowing before you go in.
What $109,000 buys you is a large, old Vermont house with its expensive problems already solved, sitting 60 percent below the area median sale price. The rest is taste and elbow grease.
