Acreage, Character Home, Finished Basement, Fireplace, Historic
1950 Reform Farmhouse, Nearly 5 Acres, Full Basement — $130,000
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 | 4.98 acres, 4BR/2BA, 1700sqft, full basement, fireplace, metal roof, 1950 character |
| Condition | 25% | 6 | Recent LVP, paint, tile updates but no central HVAC — significant gap for livability |
| Price / Sq Ft | 15% | 8 | Listing $76/sqft vs zip median $98/sqft — 22% below; thin 8-comp dataset, directional |
| Price vs. Market | 5% | 6 | $130K vs zip median $179,197 — approximately 27% below median |
| Market Conditions | 5% | 6 | DOM 85 days median, 30.9% price drops buyer-favorable, sale-to-list near parity |
Nearly five acres in Alabama for $130,000 is the first thing to understand about this property. The price per square foot comes in around $76 against a zip code median of $98, and the overall price sits roughly 27% below the local median. That gap buys land. Real land — almost five acres along Highway 17 in Reform, with a 1950 house sitting on it.
The house is 1,700 square feet, four bedrooms, two baths, and it has a full basement. That basement alone changes what the square footage means in practice. A wood-burning fireplace, a metal roof that's already in place, new LVP flooring, fresh paint, and updated tile in the tub and shower surrounds. Someone has been doing work here. The bones from 1950 are still present in the way the house reads, and that's either a draw or a neutral depending on what you're after.
Here's the thing you need to know going in: there's no central HVAC. In Alabama. That's a real cost and a real project, and you should go in with eyes open about what it will take to make this house comfortable year-round. Budget for it before you get attached to the land.
If you can get past that, what you have is a four-bedroom house on five acres with a basement, a fireplace, and a metal roof, priced well below what the market around it typically sells for. The acreage can absorb a workshop, a garden, animals, storage, a second structure down the road. A family that needs room to spread out has room here. Someone who wants space between themselves and their neighbors gets that without paying the premium that kind of space usually commands.
The market in this area has been running slow, with a median of 85 days on market and about 31% of listings taking price cuts. This one has had time to sit. That's information, but it's mostly information about HVAC.
