Acreage, Farmhouse, Historic, Finished Basement
1930 Willis Farmhouse, 4 Bedrooms, 1.58 Acres — $139,900
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 | 1930 farmhouse, 4BR, 1.58 acres, acreage floor qualifies; mobile home detracts |
| Condition | 25% | 6 | Recent flooring/paint/plumbing/electrical upgrades noted; as-is, no repairs, basement unfinished |
| Price / Sq Ft | 15% | 7 | Listing $123/sqft vs zip median $171/sqft — ~28% below; thin 7-comp data, directional |
| Price vs. Market | 5% | 1 | Listing $139,900 vs zip median $609,736 — misleading; zip dominated by acreage/rural land sales |
| Market Conditions | 5% | 6 | DOM 12 median, 19 days on market; sale-to-list 95.9%, price drops 17.5% — mild buyer signal |
Four bedrooms under $140,000 in Floyd County, Virginia. That number takes a second to land. The zip median for comparable sales runs around $171 per square foot; this one comes in at $123. Even with thin comp data, the gap is real enough to pay attention to.
The house is a 1930 farmhouse in Willis, about 15 minutes from Floyd. It has 1,136 square feet spread across two floors, with two bedrooms on the main level and two upstairs, one full bath, and laundry on the main floor. The seller has put recent work into it: new flooring, fresh interior paint, plumbing improvements, electrical upgrades. It has been touched up enough to live in, but it sells as-is with no repairs, so you go in knowing what you are getting.
The bones date to 1930, which means there is almost certainly more work ahead than what has already been done. The basement is unfinished. So is the attic. Both are space you could eventually use, but neither is ready. Budget accordingly.
There is a mobile home on the property. The listing says it carries little to no value, which is fair and straightforward. It is there, on 1.58 acres, and what you do with it is your business.
That acreage is the other thing worth sitting with. A farmhouse with a acre and a half in the foothills of Floyd County, walking distance to an elementary school and a short drive to a post office, a mechanic, restaurants. Floyd itself is a small town with a genuine identity, the kind of place people move toward on purpose. Being 15 minutes out puts you close without being in it.
For a family that wants space, a manageable mortgage, and room to put in work over time, this price makes that life possible. You will not buy your way into something finished here. You will buy your way in.
