Historic
1920 Piqua Four-Bedroom with Tall Ceilings and Built-Ins — $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 | 1920 build, 4BR/2BA, 1,723 sqft, tall ceilings, built-ins, flex upstairs room |
| Condition | 25% | 4 | Sold as-is, no system dates named; historic exception applied, unknown systems |
| Price / Sq Ft | 15% | 9 | Listing $81/sqft vs zip median $128/sqft — 37% below; 8 comps, directional |
| Price vs. Market | 5% | 7 | $139,900 vs $189,618 zip median — approximately 26% below median |
| Market Conditions | 5% | 6 | DOM 26 days balanced; 35.9% price drops is a buyer positive signal |
At $81 per square foot, this house is priced 37% below the zip code median — in a market where more than a third of listings have already taken a price cut. That combination is worth paying attention to.
The house itself is a 1920 four-bedroom, two-bath in Piqua, Ohio. 1,723 square feet, which is a comfortable amount of room for a family. The first floor has tall ceilings and built-in shelving, the kind of detail that costs money to replicate and tends to disappear in newer construction. Natural light comes through well. There's a laundry and mudroom off the main layout, which is practical and useful in a house this age.
Upstairs are two bedrooms plus a flex room that could work as an office, playroom, or whatever a third bedroom-adjacent space needs to be. Two full baths means the house actually functions for four people without a fight every morning.
The honest part: it's sold as-is, and the listing names no dates on any of the systems. No mention of when the roof was last touched, when the HVAC was updated, when anything was done. A 104-year-old house with unknown mechanicals is a real variable, and you'd want an inspector who knows older homes before you commit. The as-is designation means the seller has decided not to go down the repair negotiation road, so whatever the inspector finds lands on your side of the ledger.
What the price makes possible is this: at $139,900, you're buying nearly $50,000 below the zip median. That spread can absorb a meaningful amount of work and still leave you in reasonable shape relative to the market. If you want a big older house with high ceilings and original character, and you have the patience to figure out what it needs, this is the kind of entry point that makes that math work. A gut renovation probably doesn't pencil here. A house that needs real but manageable updating and has good underlying structure? That's the version of this you're hoping for when you schedule the inspection.
