Historic, Garage, Character Home, Finished Basement
1905 Nelson Two-Story with Two Garages and a Second Lot — $110,000
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 | 1905 character home, 4BR/2BA, two garages, second lot, front+back porches, heated garage |
| Condition | 25% | 7 | Newer roof, fresh paint, updates noted; no system dates; basement unfinished |
| Price / Sq Ft | 15% | 4 | Listing $94/sqft vs zip median $56/sqft — 68% above median; thin (3 comps) |
| Price vs. Market | 5% | 2 | Listing $110K is 22% above zip median $90K — above market |
| Market Conditions | 5% | 9 | Strong buyer's market — 66.7% sale-to-list, 49.5% price drops, DOM near median |
The thing that stands out here before anything else: you get the house, a finished heated garage, a garden shed, both a front and back porch, and then a separate lot next door with its own additional garage. That is a lot of property. In a small Nebraska town at $110,000, two garages and an extra lot is the kind of thing that makes you stop and look twice at the listing.
The house itself is 120 years old, and at 1,167 square feet it is not large, but it fits four bedrooms and two full baths across two floors, which is real efficiency for the footprint. Main floor has a living and dining area that flows into a galley kitchen, plus one bedroom, a full bath, and laundry. Upstairs holds two more bedrooms, an office or den, and a second full bathroom. The basement is unfinished and serves as storage. The layout makes sense for a family that needs the room count more than the square footage.
Updates are present but not fully documented. The roof is newer, there is fresh paint, and the agent notes numerous updates throughout without specifying what or when. That is the kind of vagueness that warrants a direct conversation before you make an offer. No system ages are listed, so HVAC and mechanicals are an open question.
The price is the honest complication here. At $94 per square foot, this listing runs 68% above the zip code's median price per square foot, and sits about 22% above the area's median sale price. This is a buyer's market with nearly half of listings seeing price reductions and a sale-to-list ratio of 66.7%, which means there is room to negotiate and sellers in this market know it.
What the price is asking you to pay for is the combination of a century-old two-story with genuine updates, a heated finished garage, and that extra lot. If you want the land, the storage, the garage capacity, and a house with some age and solidity to it, the package has appeal. The math just needs to be tested.
