Acreage, Creek, Historic
1949 Laurinburg House on 1.75 Acres with Creek Border — $59,900
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 | 1.75 acres, creek rear border, adjoining lot, 1949 home, 1354 sqft, 3BR/2BA |
| Condition | 25% | 4 | "Fix and flip" language signals major work needed; no system dates given |
| Price / Sq Ft | 15% | 9 | $44/sqft vs $106 zip median — 58% below; 7 comps, thin but directional signal |
| Price vs. Market | 5% | 9 | $59,900 vs $172,425 zip median — 65% below; land/lot mix may inflate median |
| Market Conditions | 5% | 8 | DOM 114 vs 91 median; 39.5% price drops; 95.2% sale-to-list — clear buyer's market |
The land is what stops you here. 1.75 acres inside a town, with Leiths Creek running along the back property line and an adjoining lot included in the sale. That combination, at $59,900, is what makes this worth a look before you even think about the house.
The house itself is a 1949 three-bedroom, two-bath, 1,354 square feet. The listing uses "fix and flip" language, which is the agent's way of telling you without telling you that this place needs real work. No system dates are listed, which means you should go in assuming the roof, HVAC, electrical, and plumbing are all question marks. Budget accordingly. This is a project, not a purchase you move into next month.
What the price reflects is that condition. At $44 per square foot against a zip median of $106, you are getting roughly half the typical rate. The zip median sale price is $172,425, and this is listed at $59,900. Some of that gap is explained by the land-and-lot mix inflating the median, but most of it is the work this house needs. That math can still work in your favor if you go in clear-eyed about what you are taking on.
The market in Laurinburg has been slow. This house sat for 114 days before you found it, against a median of 91 days, and nearly 40% of active listings have taken price cuts. That means you have room to negotiate and time to think, which is not always the case when land like this is involved.
What the price makes possible is a property with a creek border, an extra lot, and nearly two acres in a place where that kind of footprint rarely comes in under $60,000. Someone who can handle a full renovation could end up with a three-bedroom home and a big piece of land for well under what a finished house on a standard lot would cost here. That is the actual case for this property, and it is a real one.
