Historic
1888 Murry Canyon Home on 0.41 Acres, Mountain Views — $150,000
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 | 1888 historic home, 0.41 acres, mountain views, shed, deck, bay window, built-ins |
| Condition | 25% | 6 | Modern heat pump installed; systems otherwise unknown; wood paneling and mixed floors suggest cosmetic-only needs |
| Price / Sq Ft | 15% | 9 | Listing $100/sqft vs zip median ~$151/sqft — ~34% below; thin 5-comp data, directional |
| Price vs. Market | 5% | 8 | $150K vs zip median $303,911 — ~51% below; rural Nevada market may include diverse property types |
| Market Conditions | 5% | 6 | DOM 88 days median (listing at 43), 26.2% price drops, 97.2% sale-to-list — mild buyer lean |
At $100 a square foot, this house is priced about a third below what comparable square footage goes for in this zip code. In a small Nevada mining town where properties trade thin and comps are sparse, that gap is worth paying attention to.
The house itself is 136 years old, which in Ely means it has outlasted most of the town's booms and busts already. Wood siding, metal roof, 1,505 square feet on 0.41 acres. The lot is generous for what this market offers, with a fenced backyard, a deck, mature trees, a shed, and grassy lawn. The hills roll up behind all of it. Mountain views are real here, not aspirational — the terrain is rugged and it surrounds the property.
Inside, the bones of the 1888 layout are still present. Built-in shelving, a bay window in the living room, wood-paneled walls, wood cabinetry in the kitchen with a walk-in pantry off to the side. The floors are a mix of carpet, vinyl, and tile depending on which room you're in. That's not a surprise in a house this old that has been lived in continuously. The wood paneling and the flooring patchwork suggest cosmetic work ahead, not structural reckoning. One full bath with a tile floor and glass-enclosed shower. One half bath. The kitchen has direct outdoor access and multi-pane windows that bring in light.
The one clear modern upgrade is a ductless heat pump mounted to the exterior wall. That's a real improvement in a high desert climate where summers are warm and winters are genuinely cold.
What you don't know: the condition of the other systems. The listing says nothing about the plumbing, the electrical, or the roof's age, and a house from 1888 carries questions that require answers before you close.
But $150,000 for 0.41 acres and 1,505 square feet of a house this old, with views like that, in a place where you can actually put down roots and have room to breathe — that's a real number. This is a house a family could grow into, a person could make genuinely their own, or someone could take their time with and restore right.
