Acreage, Farmhouse, New Roof
New 2026 Build on 3 Acres, Unfinished Interior, You Choose Everything — $149,000
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 8 | 2026 build, 4BR/3BA, 2,100sqft, 2.97 acres, covered porch, carport, near Dothan |
| Condition | 25% | 5 | Unfinished interior — bones complete (roof, windows, slab, framing, plumbing), no finishes yet |
| Price / Sq Ft | 15% | 7 | Listing $71/sqft vs zip median $82/sqft (~13% below); 2 comps, directional only |
| Price vs. Market | 5% | 8 | $149K vs zip median $289,325 — ~48% below median, strong value signal |
| Market Conditions | 5% | 6 | DOM 50 days, sale-to-list 97.5%, price drops 27.2% — mild buyer lean, floor applied |
The structure is done. Roof, windows, slab, framing, plumbing — all of it in place on a 2026 build sitting on nearly three acres outside Midland City, about ten minutes from Dothan. What's left is everything you see and touch. Cabinets, flooring, countertops, fixtures, paint. The house is a shell, and the price reflects that.
At $149,000 for 2,100 square feet and four bedrooms, that's $71 a square foot against a zip median around $82. But the more striking number is how far this sits below the median sale price in the area, which runs around $289,000. That gap exists because of the condition, and only you can decide whether the finish cost closes it favorably. What you get for $149,000 is the land, the footprint, and the bones of a house someone designed with an island kitchen, walk-in pantry, laundry room, and mudroom. The floor plan has some thought behind it.
The three acres matter here. That's real room — space between you and neighbors, room to keep animals, put up a shop, let kids run, grow something. The covered front porch and carport are already built. There's an outdoor storage room too. The property has shape and usability beyond just the house.
The financing piece is a real constraint worth taking seriously. Traditional mortgage lenders won't touch an unfinished structure. You're likely looking at a renovation loan, a construction loan, or cash, and each of those has requirements, timelines, and carrying costs that affect the actual math. The agent description mentions FHA 203(k) as one path. That's a legitimate option for some buyers, but it comes with its own approval process and contractor requirements. Run the numbers before you fall in love with the price tag.
What this price makes possible is a four-bedroom house on three acres near a real city, finished exactly the way you want it, at a total cost that could still land well below what comparable finished homes are selling for in the area. If you have the patience and the plan, that's a meaningful head start.
