Acreage, Fireplace
1.62 Acres in Rural Oklahoma, 2 Beds, Fireplace, Den — $54,900
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 | 1.62 acres, fireplace, den, large kitchen — acreage floor qualifier met |
| Condition | 25% | 5 | "Vacant and ready" with no system dates; 1995 build, no renovation specifics |
| Price / Sq Ft | 15% | 10 | $48/sqft vs $109/sqft zip median — 56% below; 7 comps, directional signal |
| Price vs. Market | 5% | 9 | $54,900 vs $113,717 median — 52% below zip median |
| Market Conditions | 5% | 8 | Strong buyer's market — 78.7% sale-to-list, 98.9% price drops, 7-day DOM |
At $48 a square foot, this place is priced at roughly half what comparable homes in the zip code sell for. That gap is the whole story. You get 1,134 square feet, a fireplace, a den, a large kitchen, and 1.62 acres of land in Quapaw for $54,900. Put it next to the zip median of $113,717 and the number looks almost wrong.
The house was built in 1995, so the structure itself has some age to it without being old. What the listing does not tell you is much of anything about condition. No mention of the roof, the HVAC, the water heater, when anything was last touched. The agent description is three sentences: two bedrooms, two baths, 1.6 acres, fireplace, den, large kitchen, vacant. That is the full picture they gave. For a house sitting at this price, vacant with no system history disclosed, you go in with your eyes open. Get an inspection. Budget for the possibility that things need work.
What the land gives you is room. 1.62 acres in this part of Oklahoma means you have a yard, probably a big one, with space between you and the next property. That is harder to come by and harder to price in. If you want to add a shop, a garden, a trailer hookup, or just have your kids or your dogs run without hitting a fence in ten steps, this is the kind of lot that allows for it.
The market here is strongly in the buyer's favor. Sale-to-list ratios are running around 78.7 percent, meaning sellers are routinely taking significant cuts from asking. Nearly every active listing in the area has seen a price drop. Seven-day days on market sounds fast, but in a buyer's market that figure can be misleading about urgency. There is negotiating room here.
For someone willing to do due diligence on condition and put in whatever work this house turns out to need, $54,900 for 1.62 acres with a functional floor plan is a low entry point into land ownership.
