Renovated, New Roof, Historic
1900 Portland Home, 5 Beds, Renovated, New Roof — $129,900
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 | 5-bed/2-bath 1900 home, pre-1950 floor qualifier, new concrete pad, 0.19ac |
| Condition | 25% | 7 | "All newly renovated" + brand-new roof; no HVAC or window dates given |
| Price / Sq Ft | 15% | 5 | Listing $95/sqft vs zip median $91/sqft — slightly above median, thin 7-comp data |
| Price vs. Market | 5% | 7 | $129,900 vs $185,000 median — approximately 30% below zip median |
| Market Conditions | 5% | 6 | DOM 8 vs median 17; 96.4% sale-to-list; 45.5% price drops — buyer-friendly signals |
Five bedrooms in 1,368 square feet. That math is tight, and worth understanding before you get too far in. These are not generous rooms. But if what you need is five actual bedrooms under one roof and you have a number to hit, this house in Portland, Indiana does something a lot of listings at this price cannot: it gets you there.
The house was built in 1900, and it has been through a renovation. The agent calls it "all newly renovated," which is the kind of phrase that covers a lot of ground without specifying much. What is confirmed: a brand-new roof, and a new concrete pad out back. Those are real things. The roof alone is a cost you are not inheriting.
No HVAC dates are provided. No window dates either. That matters in a house this old, and it is worth asking directly before you move forward. The renovation claim is broad enough that you should walk through with specific questions about what was actually touched and what was left alone.
At $129,900, the house is priced about 30 percent below the zip code median, which in a market where half the listings take price cuts before they sell, puts this one in a different position. It went under contract in eight days, which tells you other people did the same math.
The lot is 0.19 acres, which gives you a yard without being more land than one person can manage. The concrete pad in back is a functional thing, a place to put furniture or a grill or a basketball hoop, depending on who moves in.
What this house is, plainly: a five-bedroom home from 1900 with a fresh roof and a renovation of uncertain depth, priced well under the local median. For a large family working with a tight budget, or someone who needs the bedroom count and has done this kind of due diligence before, the price creates room to handle whatever the inspection turns up.
