$
150,000
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Socorro, New Mexico
448 Terry Ave
2
Beds
1
Baths
1467
Sq Ft
1910
Built

Historic, Character Home, Fireplace, Craftsman

1910 Socorro Adobe with Three Fireplaces and Hardwood Floors — $150,000

6

out of 10

HousesUnder150K Score

Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%

CategoryWt.ScoreDetail
Property Merit50%71910 adobe, 3 fireplaces, hardwood floors, 1467 sqft, established Socorro neighborhood
Condition25%6No system dates given; charm signals present but unknown HVAC, roof, plumbing for 114yr-old home
Price / Sq Ft15%5Listing $102/sqft vs zip median ~$90/sqft; listing runs 13% above median
Price vs. Market5%6$150K vs $194,943 zip median — approximately 23% below median, solid discount
Market Conditions5%5DOM 33 median, sale-to-list 97.2%, price drops 19.4% — mild buyer signals, floor applied

Three fireplaces in a 1,467-square-foot house. That's the thing that stops you. Not one, not two — three, in a 1910 adobe in Socorro, New Mexico. That's not an accident of renovation. That's how this house was built, and it tells you something about how people lived in it.

Adobe construction from 1910 means thick walls, which means the house holds temperature better than most of what gets built today. The hardwood floors have been under people's feet for over a century. Whether they're in good shape or just present is something you'd want to verify in person, but they're there. Two bedrooms, one bath, a fenced backyard. Straightforward on paper.

At $150,000, this sits about 23% below the zip code median. Per square foot, it runs a little above the median — $102 against roughly $90 — so you're paying a modest premium on the square footage itself. What you're buying at that number is a 114-year-old adobe with a specific kind of history and construction you cannot replicate in new builds.

The honest concern here is the unknowns. The listing gives no dates for the HVAC, roof, or plumbing. On a house this age, that silence matters. Adobe needs specific maintenance, and deferred work on systems in a building from 1910 can get expensive fast. Before anything else, you'd want a thorough inspection and straight answers on what's been updated and when. Budget for the possibility that some of those answers are uncomfortable.

What the price makes possible: a historic adobe in an established neighborhood, with real architectural character, for well under the market average. If you're someone who wants to live in a place with actual history and you're prepared to do the work of learning what the house needs, $150,000 gives you something worth looking at. Socorro is a college town with New Mexico Tech anchoring it, which keeps some activity in the local market. The house has been sitting 33 days, which in this market suggests room to negotiate.

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