Historic
1917 Redfield House, 2,468 Square Feet for $34 a Square Foot — $84,900
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 | 1917 build, 2468 sqft, 2bd/2ba, no standout character details named |
| Condition | 25% | 6 | New flooring and paint noted; no roof, HVAC, or window dates given |
| Price / Sq Ft | 15% | 10 | $34/sqft listing vs $146 zip median; 77% below — thin comps but directionally strong |
| Price vs. Market | 5% | 10 | $84,900 vs $179,947 median — 53% below; thin market with only 5 sales |
| Market Conditions | 5% | 5 | DOM 41 vs median 20; 39.6% price drops signals buyer leverage; sale-to-list 99% |
The number that makes you stop is $34 a square foot. The zip median is $146. That gap is wide enough to make you wonder what you're missing, and the honest answer is: the listing doesn't tell you much. New flooring, fresh paint, two beds, two baths, and 2,468 square feet in a 1917 house in Redfield, South Dakota. That's most of what's on paper.
What the square footage means in practice is real space. At 2,468 feet with two bedrooms, you have room that hasn't been carved up yet. A 107-year-old house at this size almost certainly has a layout with actual rooms rather than one undifferentiated open floor. Whether those rooms have original woodwork, interesting windows, or anything worth keeping, the listing doesn't say. The flooring is new and the walls are freshly painted, which suggests someone put some money in recently, but there's no mention of when the roof was done, what's heating it, or the age of the windows. Those are the questions you bring to a showing.
The yard has room to it, and the location is close to town. That's what the agent says, and that's all that's confirmed.
At $84,900 against a zip median of $179,947, you're looking at a house priced 53% below the local middle. In a thin market with only five comparable sales, that number moves around, but the direction is clear. This is cheap for the area by a significant margin. It has been sitting 41 days against a median of 20, and the market here has seen a lot of price cuts, which puts a buyer in a reasonable position to negotiate.
What you can do with this: move in at a low cost basis and update over time, or come in with a clear renovation budget knowing the price leaves meaningful room to spend. A 2,468-square-foot 1917 house for under $85,000 gives you a lot of house to work with. The unknowns are real, but so is the price.
