Acreage, Character Home, Garage, Historic
1947 Burt Farmhouse on 1.23 Acres with Garage Loft — $54,900
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 | 1.23 acres, 24x25 garage-loft, hardwood floors, separate dining, 1947 character bones |
| Condition | 25% | 4 | Investor language, no roof/HVAC dates; electrical and water heater 2017, septic recent |
| Price / Sq Ft | 15% | 10 | $42/sqft vs $105/sqft zip median — 60% below; 7 comps, directional but compelling |
| Price vs. Market | 5% | 10 | $54,900 vs $209,909 zip median — 74% below; thin market, 5 sales last month |
| Market Conditions | 5% | 6 | DOM 29, sale-to-list 99%, price drops 38.1% — elevated drops signal buyer flexibility |
Forty-two dollars a square foot. That number is what stops you here. The zip median runs around $105, and this sits 60% below that. At $54,900 for a three-bedroom house on 1.23 acres with a detached garage, you are looking at a price point that barely exists anymore in most of Michigan.
The house is a 1947 build, 1,299 square feet, three bedrooms and one bath. There is a separate dining room, which matters more than people give it credit for — it is a different kind of layout than the compressed single-room designs that came later, and it gives the floor plan some real breathing room. Hardwood floors run through much of the house. On a 77-year-old home at this price, that is the thing you hope for and do not always find.
Outside, the 24 by 25 garage has a loft above it. That is a serious structure — wide enough and deep enough to hold real equipment, and the loft gives you storage or a workspace that keeps the main house clear. The acre-plus lot means the garage and the house do not feel crowded together. There is room for a garden, a dog run, a woodpile, a project. Room to actually use the land rather than just own it.
The honest version: the listing uses investor language throughout, which means the house needs work. No dates on the roof or HVAC. Electrical and the water heater were done in 2017, and the septic has been pumped recently. The condition score here is low for a reason. You should budget for unknowns going in.
But $54,900 is the kind of number that absorbs a lot of unknowns. A family that can handle a renovation project, or a buyer looking to build sweat equity on a rural Michigan property, has real room to work with here. The price is what makes the risk reasonable.
