Historic, Victorian
1920 Victorian in Raton's Buyer's Market — $137,000
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 | 1920 Victorian, 3BR/2BA, 1,366 sqft; historic floor qualifier applies, thin description |
| Condition | 25% | 5 | "Some nice updates" mentioned but no system dates, roof/HVAC age unknown |
| Price / Sq Ft | 15% | 5 | Listing $100/sqft vs zip median ~$80/sqft; listing runs 25% above median |
| Price vs. Market | 5% | 7 | $137K vs $198,942 zip median — approximately 31% below median |
| Market Conditions | 5% | 9 | DOM 101 days, sale-to-list 73.8%, price drops 27.4% — strong buyer's market |
A hundred and five years old and still standing in Raton, New Mexico. That alone is worth a look. This is a 1920 Victorian-style house, three bedrooms, two bathrooms, 1,366 square feet, and it's listed at $137,000 in a market where the median sale price is sitting around $199,000. That gap is real. You're looking at a house priced roughly 31% below what homes are actually selling for in this zip code.
The agent description is thin enough to read in under five seconds: "some nice updates and spacious property." That's the whole picture from the listing side. No roof age, no HVAC information, no system dates of any kind. So the updates are real but unspecified, and you'd be walking in with questions that the listing doesn't answer. That's the honest situation here.
What you do know is the house. A Victorian from 1920 has a specific quality to it — higher ceilings, more pronounced trim, a sense of proportion that houses built after the war rarely have. Whether this one has held onto those details or had them smoothed out over the decades is something you'd have to see in person. The lot is described as spacious, which in a town like Raton could mean genuine room to move around, a garden, a place to put a shed or a garage. You'd want to confirm what you're actually working with on the ground.
The market context here is striking. Homes in this zip code are selling at 73.8% of their list price on average, and about 27% of listings have taken price cuts. That's a buyer's market in meaningful terms, not just technically. A house sitting at 101 days on the market in that environment has room to negotiate.
The per-square-foot price runs about 25% above the local median, so it's not a bargain on raw math. But measured against what homes are actually closing for, the list price leaves space. For someone who wants a historic house they can put work into and make their own, Raton in this market is a reasonable place to be looking. This one just needs someone willing to ask the right questions before they sign anything.
