Historic, Garage, Acreage, Character Home, Craftsman
1918 Luverne Home with Original Woodwork and Half-Acre Lot — $150,000
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 | 1918 home, original woodwork, 0.52 acres, oversized double garage, 1368 sqft |
| Condition | 25% | 8 | Move-in ready; new furnace/AC August 2026, new main-level flooring, no red flags noted |
| Price / Sq Ft | 15% | 6 | Listing $110/sqft vs zip median $117/sqft — slight discount; thin data (7 comps) |
| Price vs. Market | 5% | 8 | $150K vs $226,702 zip median — approx 34% below median, strong value signal |
| Market Conditions | 5% | 6 | DOM 59 days zip median, 31.9% price drops, 95.6% sale-to-list — mild buyer's market |
The number that stops you here is $150,000 against a zip median of around $227,000. That's a 34% gap, and in a market where nearly a third of listings are taking price cuts, this one is already priced below the floor. At $110 per square foot, you're paying less than what comparable homes in the area are actually selling for.
The house was built in 1918 and the original woodwork is still there. That's over a hundred years old and it's intact. Trim, doors, whatever the previous owners chose to keep rather than rip out — that's the kind of thing you can't put back once it's gone, and here it's still in place. The main-level flooring is new, which gives the ground floor a clean surface to work with while the bones above it stay period.
Three bedrooms are upstairs along with a full bath. At 1,368 square feet total, this is a compact house — enough room for a small family or someone who wants a guest room and a dedicated workspace, but you're not going to lose anyone in it. That's fine. The square footage is what it is, and the layout puts all three bedrooms on the same floor, which works for most households.
The lot is the other thing worth your attention. A 133 by 172 foot lot — just over half an acre — in town gives you real room. Garden space, play space, a place to park a trailer or store things without it all piling up on top of itself. The oversized double garage extends that further. Two cars plus a proper workshop corner, or storage for equipment, or a hobby space with actual square footage to move around in.
The furnace and central air are both new as of August 2026. That's the kind of mechanical update that removes a significant worry from the first five years of ownership. You're walking in with major systems freshly replaced.
At this price and this condition, someone gets a livable, well-maintained older house with real woodwork, a large lot, and new HVAC, for well under what the market is charging.
