10 Houses Under $50,000: May 2016 Edition

by Elizabeth Finkelstein

I was feeling extra inspired on this sunny May day, so I threw a few bonus homes into this round-up of 10 (make that 13!) GORGEOUS old houses for sale for under $50,000! Enjoy!
 
(If you come across any beautiful old houses for sale for under $50,000, send them along to us at [email protected])
 

 

164 Main St, Hoosick Falls, NY

 
164-Main-St-Hoosick-Falls-NY-12090-1Source: Gage Realty via Zillow
$49,900
 
Per the listing:
Lots of potential. Just down the road from the Hoosic Falls Country club.
 
Psst… don’t miss the interior columns!
 
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584 N Bridgton Rd, Bridgton, ME

 
584-N-Bridgton-Rd-Bridgton-ME-04009-1Source: The Maine Real Estate Network/a>
$49,000
 
Per the listing:
REHAB Needed! Stately and proud this home is located in a country setting and needs a buyer that will bring it to its prime! In current condition it is not ready for occupancy! This home needs a complete rehab! The seller has Demolished kitchen and 2 bathrooms. Take a step back in time!!!This historic home has great potential! Own a piece of history! Built by war of 1812 veteran Colonial Austin Frisbie. Near Bear Pond and Bridgton Academy! BEING SOLD AS IS. Circa 1817.
 
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300 Broadway St, Cleveland, MN

 
300-Broadway-St-Cleveland-MN-56017-1Source: Kubes Realty via Zillow
$29,900
 
Per the listing:
Historic church located in downtown Cleveland. Corner lot with plenty of street parking. Beautiful stained glass. Currently part of Le Sueur County Historical Society.
 
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301 Washington Ave NW, Russellville, AL

 
301-Washington-Ave-NW-Russellville-AL-35653-1Source: American Realty Company via Zillow
$49,900
 
Per the listing:
This historic property located downtown features high ceilings, spacious rooms, pine floors, and fireplaces. Zoned business or residence. Owner says “Make an Offer!”
 
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129 York St, Chester, SC

 
129-York-St-Chester-SC-29706-1Source: Wilkinson ERA Real Estate via Trulia
$50,000
 
Per the listing:
This is a charming home located in downtown Chester. Has high ceilings all throughout the home. Has hardwood floors in most of the rooms. Has large bedrooms. Has many cabinets in the kitchen. Kitchen needs all appliances. Needs some TLC and it becomes your inviting and warm home to enjoy for many years to come. Has fireplaces in all the bedrooms. Uncertain of condition and last used of fireplaces. Has a large hallway that is perfect for additional sitting area. The home is being sold AS IS.
 
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1233 Highway 31, Searcy, AR

 
1233-Highway-31-Searcy-AR-72143-1Source: RE/MAX Advantage REALTORS
$49,900
 
Per the listing:
This historic home has plenty of 1900’s charm and character with lots of potential. 3 bedrooms with the possibility of a 4th bedroom or den. Separate dining room with an open kitchen plan and large mudroom. While some of the homes features have been updated, there are still many elements that boast 1900’s character throughout. You won’t want to miss viewing this property that sits on 1.78 acres in downtown Floyd.
 
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6 N Fulton St, Auburn, NY

 
6-N-Fulton-St-Auburn-NY-13021-1Source: Source: L. Wilson Realty via Zillow
$44,900
 
Per the listing:
This is a unique and rare house that will require some work to bring it back to its glory days. Being zoned R2 gives the new owner several options to bring this home back to life. When you consider the parking issues in Auburn, the fact this house has 2 driveways makes that a non-issue. You have to look beyond the obvious to see the true potential this house contains. Owner is very motivated to sell, any offer will be given serious consideration.
 
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202 N Sheridan St, Ridgeville, IN

 
202-N-Sheridan-St-Ridgeville-IN-47380-1Source: Cowen Realty Group via Trulia
$47,200
 
Per the listing:
Unique qualities from wide plank pine flooring in kitchen to curved walnut & oak stairway in the entry. 4 panel solid wood doors, newer thermopane windows made to match originals (even transoms are thermopane) a 7 bay window in living room, natural hickory KraftMaid cabinets, 10ft ceilings, pine/walnut/or oak trim in every room and a rare curved oak mantle in the main bath. Added blown-in insulation, vinyl siding, standing seam metal roof, 4 car detached garage.
 
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171 N Main St, New Haven, KY

 
171-N-Main-St-New-Haven-KY-40051-1Source: Area One Realty LLC via Zillow
$50,000 (foreclosure)
 
Per the listing:
Spacious and comfortable three bedroom Victorian home located in the small town rural community of New Haven. Home offers 2231 sq. ft. of living space with Formal Living & Dining Rooms along with separate Den/Family Room. Hardwood & vinyl flooring along with two fireplaces, porch, fenced back yard and outbuilding for additional storage. Property Sold As Is Condition without any guarantee or warranty by seller. Bidding Status (UI) Uninsured “Equal Housing Opportunity”.
 
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307 Jefferson St E, Fort Gaines, GA

 
307-Jefferson-St-E-Fort-Gaines-GA-39851-1Source: Worthmoore Realty via Trulia
$15,600 (seriously!)
 
Per the listing:
Great opportunity to own a historic home in Fort Gaines! Front porch is ready for afternoon relaxing! Kitchen features white cabinets and hardwood floors! Living room with tons of natural light! High ceilings and wainscoting details! Separate dining room! Spacious bedrooms share a full bathroom! A must see! Please show and submit your offer today! 0.82 acres
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Bonus #1! 8 Paddy Ln, Cherryfield, ME

 
8-Paddy-Ln-Cherryfield-ME-04622-1Source: Coldwell Banker American Heritage Real Estate
$17,500 (pinch me.)
 
Per the listing:
Charming 3-bedroom New Englander. Located on corner lot, overlooking Narraguagus River.
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Bonus #2! 418 Burton Ave, Montgomery, AL

 
418-Burton-Ave-Montgomery-AL-36104-1Source: CENTURY 21 Brandt Wright Realty, Inc.
$49,500
 
Per the listing:
This is a grand old home with plenty of space over two floors. This could be a great investment property or a home for a large family. Near ASU. Owner financing offered with 10% down.
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Bonus #3! 402 W Cedar St, Franklin, KY

 
402-W-Cedar-St-Franklin-KY-42134-1Source: Crye-Leike Executive Realty via Zillow
$45,000
 
Per the listing:
Beautiful Victorian with classic details. 2 sets of pocket doors. This home is a complete rehab project, but at a price that makes it worth it. You will have equity in this home after a pristine rehab.
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Elizabeth1AUTHOR ELIZABETH FINKELSTEIN
Elizabeth is the founder of CIRCA and a practicing writer, architectural historian and preservation consultant living in Brooklyn, NY. Elizabeth has loved historic houses for as long as she can remember, having grown up in an 1850’s Greek Revival gem that was lovingly restored by her parents. Elizabeth, her husband Ethan and their beagle Banjo remain on a relentless hunt for their perfect “Thanksgiving house.”

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