Historic, Acreage
1913 Cordele House, 2301 Sqft on Half an Acre — $134,888
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 | 1913 build, 2301 sqft, 0.52 acres — all three floor qualifiers nearly apply simultaneously |
| Condition | 25% | 4 | No description, no photos noted, no system dates; unknown condition on 110-year-old home |
| Price / Sq Ft | 15% | 10 | $59/sqft listing vs $117/sqft zip median; 50% below — strong signal despite 7-comp thin data |
| Price vs. Market | 5% | 3 | $134,888 vs $366,841 median — but zip median likely skewed by acreage/land sales |
| Market Conditions | 5% | 8 | DOM 117 days, sale-to-list 93.5%, 42.6% price drops — clear buyer's market |
Fifty-nine dollars a square foot. That is the number that made me stop. The zip median runs around $117 per square foot, and this house is sitting at half that. For 2,301 square feet on half an acre in a small Georgia city, $134,888 is the kind of price that makes you read the listing twice to see what you missed.
What you find when you look closer is that there is almost no information. No agent description. No system dates. No notes on condition. The house was built in 1913, which means it is 110 years old, and nobody has written a single sentence about what shape it is in. That silence is the central fact here, and you should hold it clearly before you get too far down the road.
What the listing does tell you: three bedrooms, two baths, a half-acre lot, and 2,301 square feet of a house that has been standing since Woodrow Wilson was in office. A lot of these old Georgia houses have good wide rooms, high ceilings, original woodwork, front porches with columns. This one might. It also might have a roof that needs replacing, wiring that predates modern code, plumbing that has been patched forty times, or foundation work that nobody wants to talk about. The price alone cannot answer those questions. Only a thorough inspection can.
The market here is soft. 117 days on the market, and prices across the zip have dropped on 42 percent of active listings. The average sale comes in at 93.5 percent of list. That context matters because it means you have room to negotiate, and you have time to do your homework. A buyer willing to commission a real inspection before writing an offer is in a reasonable position.
If the bones hold up, this is a substantial old house on a genuine half-acre lot at a price that leaves room for real work. That is what the price makes possible. Whether it is worth it depends entirely on what an inspector finds when they open the doors.
