Historic, Garage, Acreage
1900 Marshall Home on 0.62 Acres with Detached Garage — $145,000
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 | 1900 build on 0.62 acres with detached garage; thin description undersells potential |
| Condition | 25% | 5 | No system dates, no renovation history; cosmetic/unknown — lean cautious |
| Price / Sq Ft | 15% | 7 | Listing $139/sqft vs zip median $125/sqft — slightly above median; thin 7-comp data |
| Price vs. Market | 5% | 8 | $145K vs $239K zip median — ~40% below; strong value signal |
| Market Conditions | 5% | 5 | DOM 13 matches zip median; sale-to-list 100.1% — competitive, balanced; 21.1% price drops moderate positive |
The price is the first thing worth sitting with here. The median home sale in this zip code runs around $239,000. This one is $145,000. That gap, roughly 40%, buys you a 125-year-old house on more than half an acre in Marshall, Minnesota, with a detached garage included. For a first-time buyer, that math is hard to ignore.
The house itself is small. 1,040 square feet, two bedrooms, one bath. Built in 1900, which means it has survived long enough to carry some history, but also long enough to have accumulated unknowns. The agent description is thin, and the listing provides no system dates, no renovation history, nothing about when the roof was last touched or what the mechanicals look like. That gap deserves serious attention before you move forward. A house this age with no disclosed updates is a question mark on plumbing, electrical, heating, and more. Budget for an honest inspection and assume there will be something to address.
What the listing does give you is the land. Six-tenths of an acre in town is a lot of room. Room for a garden, room for a dog, room to eventually add a shed or expand the garage. The detached garage is already there, which handles parking and storage without having to figure that out separately.
The house runs slightly above the median price per square foot for the zip code based on thin comp data, so the value is in the lot and the location more than in the square footage itself. You are paying for the land and the entry price, and those hold up.
At $145,000, a buyer with modest savings could get into this house, live in it while getting to know what it needs, and have room to improve it over time without being underwater. That is what a price like this makes possible. The condition is unknown, but the floor to start from is low enough that there is real room to work.
