Hidden Gem, Historic
1930 Cambridge Home, 3,010 Sq Ft on Two Lots — $139,000
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 | 1930 home, 3,010 sqft, double lot, finished attic, basement potential, 0.32 acres |
| Condition | 25% | 4 | Sold as-is, no system dates named; lower level described as blank canvas |
| Price / Sq Ft | 15% | 9 | Listing $46/sqft vs zip median $82/sqft — 44% below; 8 comps, thin but directional |
| Price vs. Market | 5% | 6 | $139K vs $192K zip median — 28% below; 1 home sold last month, very thin |
| Market Conditions | 5% | 7 | DOM 94 days zip vs 17 listing; sale-to-list 93.7% buyer-favorable; no price drops logged |
At $46 a square foot, this house is priced like a teardown that clearly is not one. The zip median runs $82 per square foot. That gap is wide enough to matter.
The house is a 1930 build on a double lot in Cambridge, Nebraska. Fourteen thousand square feet of land, total. On a single lot, that would be a generous yard. On two, you have room for a garden, a garage, a shed, a dog run, whatever you actually want out of a yard. The lot alone changes what's possible here.
Inside, there's more space than most families use. The main floor has two bedrooms, one bath, a living room, a dining area, and laundry. That's a complete, livable house on one level. But then there's a finished attic above it, which functions as a real third room. The agent copy calls it flexible, and it is, but more specifically: it's the kind of room a kid claims as a bedroom for life, or where you put a desk and actually close a door. Below all of that is a basement described as a blank canvas, which means unfinished and waiting. How much work that takes depends on what you find when you look at it.
The as-is designation is the part that deserves your full attention. No system dates are listed anywhere in this data. The year the furnace was replaced, the roof, the electrical, the plumbing, none of it is named. A 1930 house at this price in as-is condition has a renovation budget somewhere in it. You need to know what that number is before you know what this deal actually is. Get an inspector in there before you fall in love with the square footage.
What $139,000 gets you, at minimum, is a 94-year-old house with real bones, a third flexible room in the attic, a basement with expansion potential, and enough land to make the property feel like it belongs to you. The work is real. So is the upside.
