Hidden Gem, Acreage
Albany House with Shop, Flex Building, and Storm Cellar — $125,000
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 | 0.5-acre lot, shop, flex building, storm cellar, double porches — strong rural package |
| Condition | 25% | 5 | No year, no sqft, no system dates; description neutral, no red flags stated |
| Price / Sq Ft | 15% | 5 | Sqft unavailable; neutral score applied; zip median $100/sqft is thin (4 comps) |
| Price vs. Market | 5% | 7 | $125K vs $231K median — 46% below zip median sale price |
| Market Conditions | 5% | 8 | DOM 183 days, sale-to-list 94.2%, 76.5% price drops — clear buyer's market |
The price is 46% below the zip code's median sale price. In a market where the median sits around $231,000, $125,000 for a three-bedroom house on half an acre with a shop and a second outbuilding is worth a closer look.
The house itself is a 3-bed, 1-bath with covered porches front and back. The listing doesn't give square footage or a year built, so you're working with less information than you'd like going in. The agent description is thin. No system ages, no interior details beyond the basics. You'd want to walk this one and ask direct questions about the roof, the mechanicals, and when anything was last updated. Plan for unknowns.
What the property does give you clearly is land and outbuildings. The half-acre lot has a garden area and a large parking area. There's a storm cellar. And then there are the two structures out back. The first is a 24x20 shop with a concrete floor. That's a real workspace, big enough for a truck and a workbench and room to move around. The second is a 20x22 building the listing describes as flexible, storage or potentially an apartment. At that footprint, the apartment read is plausible. Whether the structure and local zoning support it is something you'd verify, but the square footage is there.
Both porches are covered. Front and back. In Kentucky, that matters for most of the year.
The market here is slow. The house has been sitting for 183 days, and nearly 77% of listings in this zip have taken a price cut. That's a buyer's market in plain terms. The sale-to-list ratio of 94% suggests most deals are closing near ask, but sellers are arriving at ask after reductions. There's room to negotiate.
If you need a workshop, want space to build something out over time, and can stomach some due diligence on a house the listing doesn't fully describe, the price and the land make this worth the drive to Albany.
