Character Home, Finished Basement, Fireplace, Historic, Garage
1949 Hurley Four-Bedroom with Original Woodwork and Basement Bar — $125,000
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 | 4BR, fireplace, original woodwork, finished basement bar, detached garage, shed |
| Condition | 25% | 6 | No system dates given; "make it your own" language suggests cosmetic work needed |
| Price / Sq Ft | 15% | 9 | Listing $78/sqft vs zip median $116/sqft — ~33% below; 8 comps, thin but directional |
| Price vs. Market | 5% | 7 | $125K vs $196,915 zip median — ~37% below median |
| Market Conditions | 5% | 6 | DOM 48 median, 95.2% sale-to-list, 38.6% price drops — mild buyer advantage |
The price is what stops you first. At $125,000 for a 1,595-square-foot four-bedroom in Hurley, you're coming in roughly 37% below the zip code median. That kind of gap in a market where homes are still selling at 95% of list price means something. This one has been sitting 48 days, and the "make it your own" language in the listing is a signal that cosmetic work is ahead of you. Go in knowing that, and the math still looks pretty good.
The original woodwork is the real reason to look at this house. In a 1949 build that has been lived in, woodwork like this is often the first thing people rip out or paint over. Here it's still intact throughout the home, which means the bones of what the house was supposed to feel like are still there. A fireplace in the living room anchors the main floor. The eat-in kitchen, a living room, a bonus room that could work as an office or potentially an extra bedroom, a full bath, and one bedroom round out the main level. Three more bedrooms are upstairs, two of which are non-conforming because the closets sit in the hallway rather than inside the rooms. That's a detail worth knowing for resale, but it changes nothing about the livability of the space.
The basement has a bar and a family room. That's not a throwaway detail. It's finished, usable square footage with a setup that already works for people who want a place to gather without crowding the main floor.
Outside there's a detached one-car garage and a shed. The location puts you close to snowmobile and ATV trails and within reach of downtown Hurley. If that's why you'd move here, the property is positioned about as well as anything in town.
No system ages are listed. Plan to inspect HVAC, plumbing, and electrical before you make any assumptions. The price per square foot is $78 against a zip median of $116. At 33% below market on that metric, there's room to absorb some updates and still land in reasonable shape.
This is a house for someone who can see past surface condition. The woodwork, the fireplace, the bar downstairs, the location near the trails, four bedrooms for $125,000. That's a lot of house for the money.
