Historic, Fireplace
1900 Leesburg Main Street House, 2,488 Square Feet — $150,000
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 | 1900 build, 2488 sqft, 4BR, fireplace, front porch, back staircase, office room |
| Condition | 25% | 6 | No system updates named; cosmetic details noted but no roof/HVAC/windows dates |
| Price / Sq Ft | 15% | 9 | $60/sqft listing vs $115/sqft zip median — 48% below; 8 comps, thin but directional |
| Price vs. Market | 5% | 8 | $150K vs $255,875 zip median — 41% below median sale price |
| Market Conditions | 5% | 5 | DOM 60 vs median 54, sale-to-list 95.6%, price drops 9.9% — mild buyer lean, floor applies |
At $60 a square foot, this is one of those prices that makes you read the listing twice. The zip median runs $115. The median sale price in this area is around $256,000. This house is asking $150,000. That gap is wide enough that it tells you something, and what it tells you is that this place needs work — probably significant work. No roof date, no HVAC information, no window updates named anywhere in the listing. That is the thing to hold in your head as you read the rest of this.
What the house actually is: a four-bedroom, 2,488-square-foot two-story built in 1900, on Main Street in Leesburg. Full covered front porch. Brick fireplace in the formal dining room, which also has a large picture window. The living room has an open staircase and its own big window. There is a back staircase, which in a house this age usually means the floor plan has some useful separation built into it. Main floor has a bedroom, an office, a family room, a kitchen with white cabinets and a double-bowl sink, and a laundry room with utilities off the back. Three more bedrooms upstairs, one full bath.
That is a lot of house. For a family that needs room, or someone who wants a dedicated office and still has four bedrooms, the layout delivers in a way that most houses at this price do not. The porch is a nice one, the kind that actually fits furniture and gets used.
The unknown costs are real. Without knowing the condition of the systems, you are buying a 125-year-old house on a handshake with the inspection. The listing has been sitting about a week longer than average, and the market here leans slightly toward buyers.
But $150,000 for nearly 2,500 square feet with a fireplace and a front porch on a historic Main Street is the kind of price that creates room to fix things. If the inspection comes back survivable, that math gets interesting fast.
