Acreage
1966 Brick Ranch on Nearly an Acre in Colliers — $149,900
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 | Brick ranch, 0.95 acres qualifies floor; 1360 sqft, 2BD/1BA, private setting |
| Condition | 25% | 5 | "TLC" needed, no system dates, no renovation history; 1966 systems unknown |
| Price / Sq Ft | 15% | 7 | Listing $110/sqft vs zip median $136/sqft (~19% below); 6 comps, thin data |
| Price vs. Market | 5% | 6 | $149,900 vs $222,904 median — ~33% below; thin market, 9 sales/month |
| Market Conditions | 5% | 5 | DOM 42 days, sale-to-list 99%, price drops 8.3% — balanced/neutral market |
The price is what stops you first. At $149,900, this is roughly $73,000 below the area median sale price and about 19% below the going rate per square foot in the zip code. For a brick ranch on nearly an acre, that gap is hard to ignore.
The house is a 1966 single-story brick, 1,360 square feet, two bedrooms, one bath. Brick construction from that era tends to hold up structurally even when the interior has aged out. The bones here are literal — the exterior shell is about as durable as residential building gets. What's inside is another question. The agent's description flags TLC without specifying what that means, and there are no system dates in the listing. No mention of when the roof was last done, no HVAC age, no water heater, nothing. A 1966 house with unknown systems is a house that needs a serious inspection before you write a check. Budget for surprises.
The lot is 0.95 acres, which gives you real breathing room. One-level living, a private setting, nearly a full acre — that's a meaningful amount of space for the price, and it's the kind of setup that works well for someone who wants quiet and land without taking on a large house to maintain.
For a buyer willing to do work, this is a reasonable entry point. Two bedrooms and one bath limits the resale ceiling somewhat, but the price already reflects that. An investor running numbers or a buyer who wants a manageable single-story home in a private spot and has the budget and patience to update the systems and interior will find more here than the price suggests. The thin market data, about nine sales per month in this area, means comparable sales are limited, so pricing has some uncertainty built in either direction.
The condition is the variable. Price relative to the market is the argument for taking a closer look.
