Historic, Creek, Farmhouse
1904 Lottsburg Farmhouse with Potomac Views, Metal Roof, and Marina Access — $149,000
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 | 1904 farmhouse, 1678 sqft, water views, marina walkable, strong community character |
| Condition | 25% | 6 | "Make this home your own" language implies cosmetic work; no major system dates given |
| Price / Sq Ft | 15% | 9 | Listing $89/sqft vs zip median $255/sqft — 65% below; thin 7-comp data but directional signal strong |
| Price vs. Market | 5% | 9 | $149K vs $294,872 median — 49.5% below; thin market, small-town comps may skew |
| Market Conditions | 5% | 8 | DOM 132 vs median 104; 91.4% sale-to-list and 49.5% price drops = clear buyer's market |
The price is where you start. At $149,000, this 1904 farmhouse in Lottsburg is listed at roughly $89 per square foot, against a zip code median closer to $255. That gap is wide enough to be its own argument. Whether that spread fully holds given thin comps in a small market, the directional signal is hard to ignore.
The house sits in Lewisetta, a water-surrounded community where you can walk to the marina and the boat ramp. The front porch faces Kingscote Creek. The Potomac River sunrise is visible from the property. That combination — a working farmhouse with real water access and water views, not a distant shimmer in the background — is what you are actually buying here.
The bones of the house are from 1904. Metal roof, front porch corbels, woodwork throughout. At 1,678 square feet with three bedrooms and one bath, it is a proper farmhouse footprint. Enough room for a family to spread out or a couple to use it seriously as a weekend place with room for guests. The structure has survived long enough to have a metal roof on it, which tells you something.
What it needs is work. The agent language says "make this home your own," which in plain terms means cosmetic updates at minimum. No system ages are disclosed, so you would want to know what is happening with the mechanicals before you close. Budget for that unknown.
The market here leans heavily toward buyers right now. This listing has been sitting for 132 days, against a median of 104. Sale-to-list ratios are running around 91 percent and nearly half of active listings have taken price cuts. That context does not automatically mean the seller takes whatever you offer, but it does mean you have room to negotiate and time to do your homework.
A 120-year-old farmhouse with creek and river views, walkable to a marina, priced under $150,000. The work it needs is the price of admission for everything else.
