Historic, Character Home, Garage, Finished Basement
1937 Caliente Railroad Town House with Garage and Basement — $144,900
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 | 1937 historic build, 1456 sqft, detached 2-car garage, basement flex room, railroad town character |
| Condition | 25% | 6 | Cosmetic work only per description; garage roof needs replacement; systems unknown |
| Price / Sq Ft | 15% | 8 | Listing $100/sqft vs zip median $195/sqft — 49% below median; thin data (7 comps) but directional signal is strong |
| Price vs. Market | 5% | 6 | $144,900 vs $172,849 zip median — approx 16% below; thin market (3 sales/month) |
| Market Conditions | 5% | 8 | Strong buyer's market — 91.3% sale-to-list, 33% price drops, median DOM 82 vs listing's 35 |
At $100 a square foot, this 1937 house in Caliente is running about half the zip code's median price per square foot. That gap is hard to ignore. The market here is thin — seven comps, three sales a month — so you hold the numbers loosely, but the direction is clear. You have room to negotiate further in a market where a third of listings are taking price cuts and homes are selling at 91 cents on the dollar.
The house itself is 1,456 square feet across two floors, built in 1937 in what was a working railroad town. Those older builds in small Nevada towns tend to have some weight to them — thicker walls, real wood, the kind of construction that has already survived eighty-plus years and usually has more left in it. Two bedrooms and two bathrooms sit upstairs. The living room and kitchen share an open layout, which gives the main floor some breathing room. The basement adds a flex space that could work as a third bedroom, a workspace, or storage depending on what you need.
Out back there is a detached two-car garage. That alone is worth something at this price. You can fit two vehicles, tools, a workbench, whatever the situation calls for.
The house needs paint and cleaning, the agent says, which is the most charitable version of cosmetic work. What they did not say is anything useful about the systems — heating, plumbing, electrical — all of that is unknown from the listing. The garage roof needs replacement. Go in with eyes open and a thorough inspection, because the unknowns here are real.
What the price makes possible is a three-bedroom house with a garage in a small Nevada town, well below what comparable square footage is moving for in the area, in a buyer's market where you hold most of the leverage at the table. If you can handle the work and the uncertainty, $144,900 is a reasonable starting point for a conversation, not a ceiling.
