Historic, Garage
1916 Wheatland House with Metal Roof and Quarter-Acre Lot — $143,800
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 | 1916 build, 1,398 sqft, 1-car garage, 0.25-acre lot, 3BR/1BA |
| Condition | 25% | 6 | Metal roof replaced, new flooring, exterior paint — systems age unknown |
| Price / Sq Ft | 15% | 9 | Listing $103/sqft vs zip median $174/sqft — 41% below; thin 8-comp data, directional signal |
| Price vs. Market | 5% | 8 | $143,800 vs $261,423 zip median — 45% below; thin market caveat applies |
| Market Conditions | 5% | 7 | 41.1% price drops is strong buyer signal; DOM 45, sale-to-list 96.2% |
At $103 a square foot, this house is priced 41% below the zip code median per square foot. In a market where nearly half the listings are taking price drops, this one came in already priced low. That combination is worth paying attention to.
The house is 108 years old and 1,398 square feet. Three bedrooms, one bath, a one-car garage, and a quarter-acre lot in Wheatland, Wyoming. Someone has done work on it recently: the metal roof is replaced, there is new flooring, the exterior has been painted, and some kitchen cabinets are new. The bones of a 1916 house are either worth something or they are a liability, and from what the listing shows, this one still has its shape. What the listing does not tell you is the age of the mechanical systems, so a thorough inspection matters here before anything else.
The lot is big enough to use. A quarter acre in a small Wyoming town gives you room for a garden, a dog, a storage shed, or just space between you and the next property. The garage holds one car. The house is 1,400 square feet, which fits a small family or works well with three people who each need a room.
The downside is the unknowns. Systems age is unconfirmed, the agent description is thin, and Wheatland is a small market with only eight comparable sales driving these numbers. The price signal is directional, not precise.
What the price makes possible is simple: you are getting into a century-old house with a new roof and fresh flooring for under $145,000. If the inspection comes back clean on the systems, that is a lot of house for the money in a market that is clearly cooling. The sellers without offers are cutting prices. This one did not wait for that conversation.
