Renovated, Historic
1940 Marshall Home, Gut-Renovated in 2019, Priced 38% Below the Zip — $105,000
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 | 1940 home, 1253 sqft, 3BR/2BA, lower-level egress bedrooms, spacious yard |
| Condition | 25% | 9 | Full 2019 gut renovation — plumbing, electrical, HVAC, kitchen, baths; AC 2024 |
| Price / Sq Ft | 15% | 9 | Listing $84/sqft vs zip median $136/sqft — 38% below; thin 7-comp data noted |
| Price vs. Market | 5% | 9 | $105K vs $239K zip median — 56% below; zip median likely reflects newer/larger homes |
| Market Conditions | 5% | 5 | DOM 13 days, sale-to-list 100.1%, price drops 21.1% — balanced to competitive; floor applied |
The number that stopped me was $84 a square foot. The zip median sits at $136. That gap alone is worth understanding, and what closes it here is not a rough house or a remote location. It is a 1940 house in Marshall that was taken apart and rebuilt in 2019 — plumbing, electrical, furnace, ductwork, water heater, siding, kitchen, both bathrooms. The kind of renovation where someone replaced the things you never see and the things you do. Central AC went in 2024. The infrastructure is newer than most houses built in the last decade.
The house is 1,253 square feet on the main level, three bedrooms, two baths. The 2019 work included LVP flooring throughout, new kitchen cabinets, and both bathrooms redone with new vanities, toilets, and tub and shower inserts. It reads updated without being fussy. The lower level has two bedrooms with egress windows that were professionally installed as part of the same renovation, which gives the house more flexibility than the square footage suggests. A family that needs space to grow has it here.
The yard is described as spacious, and the listing photo suggests that holds up. On a corner or mid-block lot in a town like Marshall, that matters for anyone who wants room outside.
The honest downside is the market data is thin. Seven comps is a short list, and the zip median of $239,000 likely reflects newer, larger homes rather than 1940 stock. So the 56% below median number is real but not a clean apples-to-apples comparison. You would want to know what renovated homes at this size actually sell for in Marshall specifically before you read too much into that spread.
What $105,000 gets you here is a house that a previous owner already paid to fix right. The mechanical work alone in 2019 would cost a serious amount to replicate today. Someone buying this house is not buying a project. They are buying finished work at a price that reflects a slower market and a smaller town, which is the whole point.
