New Construction, Acreage
2020-Built Lucedale 2/2 on Half an Acre, Next Door to a Twin — $145,000
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 | 2020 build, 0.55 acres (floor), city limits, 2/2, small but functional 1034 sqft |
| Condition | 25% | 8 | 2020 construction; all systems effectively new, no deferred maintenance expected |
| Price / Sq Ft | 15% | 7 | Listing $140/sqft vs zip median $157/sqft; ~11% below median, thin 7-comp data |
| Price vs. Market | 5% | 8 | $145K vs $238,897 zip median — ~39% below; zip likely skewed by larger/acreage sales |
| Market Conditions | 5% | 6 | 38% price drops is strong buyer signal; DOM 47, sale-to-list 99.1% balanced |
The most interesting thing about this listing has nothing to do with the house itself. The property next door, apparently a similar 2020-built 2/2, is also available. If you want two neighboring rentals in one move, that's the setup here. The agent flags it without much detail, so you'd need to dig into what that second property is actually listed for and what the numbers look like together. But the adjacency is real.
The house itself is small. At 1,034 square feet with two bedrooms and two baths, you are not getting a lot of room. What you are getting is a 2020 build, which means the roof, HVAC, plumbing, and electrical are essentially new. Nothing has had time to wear out. If you have ever bought an older house and spent the first three years replacing things, you know what that's worth.
For the land, 0.55 acres inside city limits is a decent-sized lot for what this is. You have some yard, some breathing room, without being out in the country.
At $145,000, the price is about $140 per square foot. The zip code median sits around $157 per square foot, though the comparison pool here is thin, only seven comps, and the zip median for sale price overall is close to $240,000 likely pulled up by larger homes and properties with more land. So the percentage-below-median numbers require some skepticism. What you can say with more confidence is that $145K for a four-year-old house in city limits is a real number, not an inflated one.
The market context is worth knowing. Nearly 40% of listings in this area have taken price cuts, which tells you buyers have options and sellers are adjusting. This one has been on market 47 days, which is not alarming but means it hasn't moved fast.
For a first home, it's tight but functional. For an investment, especially paired with the adjacent property, the case gets more interesting. Either way, you're starting with a house that doesn't owe you anything yet.
