Acreage, Historic
1939 Two-Story on 6.69 Missouri Acres, Needs Work — $138,500
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 | 6.69 acres, 4BR, 1855 sqft, 1939 two-story — acreage floor plus size bonus |
| Condition | 25% | 5 | "Fixer-upper" explicit; no system dates named; unknown condition; no renovation history |
| Price / Sq Ft | 15% | 10 | $75/sqft listing vs $148/sqft zip median — 49% below; thin 6-comp base noted |
| Price vs. Market | 5% | 6 | $138,500 vs $174,810 median — approximately 21% below zip median |
| Market Conditions | 5% | 6 | 26.6% price drops is a positive signal; DOM 50, sale-to-list 97.3% — mild buyer advantage |
At $75 a square foot, this is roughly half what similar space costs in the surrounding zip code. That gap is the starting point for understanding what this property is, because the price tells you something before you even look at the pictures.
What you get is a 1939 two-story on 6.69 acres outside Fredericktown, Missouri, near the Highway 67 corridor and Cherokee Pass. Four bedrooms, two and a half baths, 1,855 square feet spread across two floors. The house has age and room, which is a combination that can go either direction depending on what's been done to it and what hasn't.
Here's the thing the listing doesn't tell you: almost nothing about condition. No system dates, no renovation history, no mention of what works and what doesn't. The agent description calls it a fixer-upper, which is honest, and then stops there. So you're looking at a property where the price accounts for work you can't yet quantify. That's the real variable. The gap between $75 and $148 per square foot exists for a reason, and before you can know whether it's a good gap or a bad one, you need to see the mechanicals, the roof, the foundation. This is an in-person conversation, not a listing-page decision.
What the acreage does is give you options that most houses at this price point don't. Six and a half acres is room for animals, a garden at real scale, outbuildings, or just the kind of buffer from neighbors that's increasingly hard to find anywhere near a highway corridor. The agent floats the idea of a business use, and the Highway 67 frontage makes that plausible depending on what you'd want to do, but that's your call to think through.
For a family willing to put in work and time, this is a lot of square footage and a lot of land for the money. The 1939 bones could go either way. The price leaves room to find out.
