Hidden Gem, Garage, Fireplace
1965 Midwest City Two-Story, 2,383 Sqft, Fireplace, Garage — $129,000
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 | 2383 sqft, 4BR, 2BA, 2-car garage, fireplace, established neighborhood |
| Condition | 25% | 5 | "Needs some work" with no system dates; no flip language but no specifics either |
| Price / Sq Ft | 15% | 10 | $54/sqft vs zip median $126/sqft — 57% below; thin data noted, still strong signal |
| Price vs. Market | 5% | 6 | $129K vs $152,934 median — 16% below; active zip with 79 sales last month |
| Market Conditions | 5% | 6 | DOM 25 days, sale-to-list 96.8%, price drops 37.9% — meaningful buyer-side price flexibility signal |
At $54 a square foot, this one stops you. The zip median is $126 per square foot. That gap is wide enough to absorb a serious renovation budget and still come out ahead of what comparable homes are selling for in the area.
The house is a two-story 1965 build in Midwest City with four bedrooms, two bathrooms, a two-car garage, and 2,383 square feet. A wood-burning fireplace anchors the main living area. That is a lot of house for $129,000 by any measure, and in this zip code it is genuinely unusual.
The agent description says it needs work and leaves it there. No system dates, no specifics on what has been updated or when. That vagueness should be taken seriously. You should walk in expecting to deal with unknowns, not surprises you will handle easily. Mechanicals, roof, plumbing — none of that is accounted for in the listing, which means you need to account for it yourself before you make an offer. Plan a thorough inspection and price accordingly.
What the price makes possible is a full gut renovation on a 2,383-square-foot house and still likely land below what finished homes in the zip are selling for. Seventy-nine homes sold here last month, which is an active market. But 37.9 percent of listings have taken price drops, which means sellers are meeting buyers. This one is already priced 16 percent below the $152,934 median, and the Vendee seller financing option opens the door for buyers who need something other than a conventional loan path.
Four bedrooms and two full baths across two floors gives a family real room. The two-car garage adds practical value that does not come standard at this price. The fireplace is the kind of thing that makes a living room feel like a living room once the rest of the work is done.
This is a project. Go in knowing that. The numbers say the project could be worth it.
