3 beds 1 baths 992 sqft

Affordable 1910 Minnesota Home With 3 Bedrooms and a Large Lot for $14,900

A low-priced home with three bedrooms, a large residential lot, a detached garage, and a small-town Minnesota setting can attract attention from buyers looking for an affordable renovation project. In Slayton, Minnesota, a property currently listed at $14,900 offers 992 square feet of finished living space, three bedrooms, one bathroom, and approximately 0.32 acres.

The property has also received a $2,600 price reduction, making the current asking price notably lower than its previous listing price. Built in 1910, the home is more than a century old and presents the type of opportunity that may appeal to buyers who are comfortable taking on improvements and bringing an older house into a condition that better matches their needs.

The listing describes the home as having a functional layout, a detached single-car garage, forced-air heating, and a generous lot. It is being sold as-is, which means prospective buyers should approach the property as a renovation and due-diligence opportunity rather than assuming that it is ready for immediate occupancy without additional work.

For investors, first-time buyers, renovation-minded homeowners, and buyers searching for an inexpensive property in a smaller community, the combination of price, lot size, and three-bedroom layout makes this Slayton property worth examining carefully.

A $14,900 Home in Slayton, Minnesota

The current asking price is $14,900 following a $2,600 price cut on September 15, 2026. At that price, the property is positioned at a level that is substantially different from the pricing of many conventional single-family homes.

The listing shows approximately $15 per square foot based on the 992 square feet of finished living area. However, buyers should avoid evaluating the property solely on a price-per-square-foot calculation because the home’s age, condition, required improvements, lot size, and as-is sale terms can have a major impact on its overall value.

The property has been on Zillow for an extended period according to the listing information, and the current asking price reflects the latest reduction.

A low asking price can create opportunities, but it can also mean that substantial repairs or modernization may be necessary. Buyers should therefore focus on the complete financial picture rather than simply the initial purchase price.

Three Bedrooms and 992 Square Feet

The home provides three bedrooms and one bathroom within approximately 992 square feet of finished living space.

That combination creates a relatively compact home with multiple bedrooms. It could potentially work for a small family, an individual buyer who wants additional rooms, or an investor evaluating a future rental property.

The listing indicates that the bedrooms are located on the second level, while the kitchen and living room are on the main level. This creates a traditional two-story configuration that separates common living areas from the sleeping spaces.

A three-bedroom layout can also provide flexibility. One of the bedrooms could potentially serve as a home office, hobby room, guest room, or storage area depending on the buyer’s plans and local requirements.

The relatively modest square footage may appeal to buyers who prefer a smaller home that can potentially be renovated without the scale of a much larger property.

A Historic 1910 Property

One of the most distinctive characteristics of the home is its age.

Built in 1910, the property dates back more than a century. Older homes can contain construction details and layouts that are quite different from modern houses, while also potentially requiring more extensive maintenance.

For buyers interested in historic or older residential properties, the age can be part of the appeal. The home may provide an opportunity to preserve an older structure while updating systems, finishes, and spaces for modern living.

At the same time, buyers should carefully investigate the condition of the foundation, roof, electrical system, plumbing, insulation, windows, siding, heating equipment, and other major components.

The listing identifies block and frame construction with an asphalt roof. These details provide a starting point for an inspection but do not establish the current condition of each component.

Because the property is being sold as-is, a professional inspection can be particularly important before making a purchase decision.

Large 0.32-Acre Lot

The property sits on approximately 0.32 acres, with listed dimensions of about 100 by 140 feet.

For a home in a small-town residential environment, this provides a meaningful amount of outdoor space.

The lot is described as level and has medium tree coverage. A level lot can be useful for landscaping, outdoor activities, gardening, or future improvements, subject to local zoning and permitting requirements.

The larger lot is also one of the features that separates this property from many inexpensive homes that may sit on very small urban or residential parcels.

Potential buyers could consider how the land might be used after purchase. Depending on zoning and municipal regulations, possibilities might include improving the existing yard, creating garden areas, adding permitted outdoor storage, or making other property improvements.

However, buyers should verify zoning regulations before assuming that an additional structure, addition, garage expansion, accessory dwelling, or other improvement would be permitted.

Detached Single-Car Garage

The property includes a detached single-car garage.

A garage can be particularly useful for a Minnesota property because it provides covered space for a vehicle as well as potential storage for tools, seasonal items, bicycles, lawn equipment, and other belongings.

For someone purchasing the property as a renovation project, the garage could also provide a convenient workspace, depending on its condition and local regulations.

The listing indicates one garage space and one total parking space associated with the property.

As with the house itself, buyers should inspect the garage for structural condition, roof condition, electrical service, door operation, foundation issues, and signs of moisture.

Forced-Air Heating

The home has forced-air heating, which is an important feature in Minnesota.

Cold weather makes dependable heating especially important, and prospective buyers should determine the age, type, operating condition, and maintenance history of the existing heating system.

The property also has natural gas connected, according to the listing. Buyers should verify whether the current heating system operates on natural gas and whether any additional utility equipment requires replacement or updating.

The listing does not indicate that the home has central air conditioning. In fact, cooling is listed as none.

That means buyers who want air conditioning may need to investigate whether adding a system would be practical and what the expected installation cost would be.

City Water and City Sewer

The property is connected to city water and city sewer.

This is a useful infrastructure feature because buyers do not need to rely on a private well or septic system for the primary water and wastewater services.

Municipal utilities can simplify ownership compared with some rural properties, although buyers should still verify connection status, utility bills, and any municipal fees.

The listing also indicates natural gas service is connected.

Before purchasing, prospective buyers should request information about the current utility setup and verify that all services are functioning properly.

Crawl Space Instead of a Full Basement

The home has a crawl space rather than a full basement.

This is important for buyers to understand because the property does not offer finished lower-level living space or a large basement storage area.

A crawl space can provide access to plumbing, electrical components, and other building systems, but its condition should be inspected carefully.

Buyers should look for moisture, standing water, wood rot, pest activity, insulation problems, mold, and other potential concerns.

Because the home was built in 1910, a thorough inspection of the lower structure and foundation area can help buyers understand what improvements may be necessary.

Two-Story Layout

The property has two stories.

The kitchen and living room are located on the main level, while all three bedrooms are listed on the second level.

This configuration creates a conventional separation between daytime and sleeping areas.

The arrangement could work well for buyers who prefer having bedrooms away from the primary living areas. However, buyers should consider stair access and whether the layout meets the needs of everyone who may live in the home.

The listing also indicates no-stairs external accessibility features. Prospective buyers should review the exact configuration personally rather than relying only on the general listing description.

Functional Layout With Room for Improvement

The listing describes the property as having a functional layout.

That is significant because the basic arrangement of rooms can influence renovation costs. A home with a workable floor plan may allow a buyer to concentrate on updating finishes and systems rather than completely restructuring the interior.

The approximately 992 square feet of finished space is relatively manageable compared with larger homes.

A renovation could potentially involve updating flooring, painting, improving fixtures, modernizing the kitchen, refreshing the bathroom, improving lighting, and addressing exterior or structural needs.

The actual renovation scope should be determined through inspection rather than assumed from the asking price.

Potential for a Renovation Project

The listing specifically highlights the home’s potential for buyers who want to build equity through renovation.

This makes the property particularly relevant to people who enjoy restoration projects or have experience coordinating contractors.

At $14,900, the acquisition cost is relatively low, but the purchase price is only one component of a renovation budget.

A buyer should calculate the estimated cost of repairs before deciding how much to offer.

Major expenses could include structural repairs, roof work, heating upgrades, electrical modernization, plumbing repairs, windows, insulation, kitchen improvements, bathroom renovation, flooring, painting, exterior work, and landscaping.

Some projects may be relatively inexpensive, while others could quickly exceed the original purchase price.

For this reason, a detailed inspection and contractor estimates can be more important than the initial price tag.

As-Is Sale Requires Careful Due Diligence

The property is being sold as-is.

An as-is sale generally means buyers should not expect the seller to make repairs or improvements before closing unless specifically negotiated otherwise.

This makes it especially important for prospective buyers to understand exactly what they are purchasing.

A professional inspection can help identify visible and potential problems. Depending on the inspection findings, buyers may also wish to obtain estimates from electricians, plumbers, HVAC contractors, roofers, foundation specialists, or other professionals.

The property should also be checked for any outstanding code issues, permits, liens, unpaid utility charges, or other matters that could affect ownership.

Possible Investment Property

The three-bedroom layout could potentially make the property interesting to real estate investors.

A future investor might consider renovating the home and renting it to local tenants, subject to market rents, local regulations, financing, insurance, and renovation costs.

However, buyers should not assume that a low purchase price automatically translates into a profitable rental property.

A complete investment analysis would need to account for the acquisition price, closing costs, repairs, property taxes, insurance, maintenance, vacancy, management, utilities, financing, and expected rental income.

Local rental demand should also be independently evaluated.

The property’s existing three-bedroom configuration could be a useful starting point, but the condition of the home and the cost of bringing it to rental standards will determine whether such a strategy makes financial sense.

Potential for an Affordable Owner-Occupied Home

Another possibility is purchasing the property as a primary residence.

For a buyer willing to renovate, the low entry price could provide an opportunity to acquire a home at a relatively small initial purchase cost compared with many conventional properties.

Instead of paying for a fully renovated house, a buyer could potentially improve the property gradually.

However, financing options may differ for homes requiring substantial work. Some lenders may have property-condition requirements, while renovation financing programs can have additional qualification rules.

Buyers should speak with lenders before assuming that a particular financing structure will be available.

Small-Town Minnesota Lifestyle

Slayton provides the small-town environment highlighted in the listing.

The property is described as being conveniently located near schools, parks, and local amenities. This may be appealing to people who prefer having everyday services within a smaller community rather than living in a major metropolitan area.

Small-town living can offer a different pace and atmosphere, with residential neighborhoods, local businesses, community facilities, and nearby outdoor spaces.

Prospective buyers should still evaluate commuting distances, employment options, shopping, healthcare access, schools, and other services according to their personal needs.

The property’s location on a paved road is another practical detail.

Outdoor Space and Landscaping Potential

The level 0.32-acre lot provides room for landscaping and outdoor improvements.

A buyer could potentially create lawn areas, garden spaces, seating areas, landscaping beds, or other outdoor features.

The medium tree coverage can also contribute to privacy and visual character.

Because the property is being sold as-is, buyers should inspect the trees and landscaping for maintenance requirements.

They should also determine whether any drainage concerns exist and whether water flows toward or away from the house during periods of heavy rain or snowmelt.

Property Taxes

The listing reports a tax-assessed value of $20,300 and an annual tax amount of approximately $328.

Property taxes should be incorporated into any ownership budget.

However, buyers should independently confirm current taxes with the appropriate local authority because tax assessments and annual bills can change.

The low reported annual tax figure may be attractive to buyers, but the overall cost of ownership will depend on much more than taxes.

Insurance, maintenance, utilities, repairs, financing, and potential renovation expenses should all be included in a complete budget.

No HOA

The property does not have a homeowners association.

For some buyers, the absence of an HOA can provide greater flexibility regarding landscaping, exterior improvements, and property use.

However, the lack of an HOA does not mean there are no rules.

Local zoning requirements, building codes, municipal ordinances, and property regulations still apply.

Anyone considering additions, accessory structures, fencing, home businesses, or other changes should confirm the applicable requirements before starting work.

Important Questions Buyers Should Ask

Before making an offer on a low-priced as-is property, buyers should gather as much information as possible.

Some useful questions include:

• What repairs does the seller know are needed?
• How old is the roof?
• How old is the forced-air heating system?
• Is the natural gas system currently operational?
• Are the electrical and plumbing systems up to current standards?
• Has the crawl space experienced moisture problems?
• Are there any known foundation issues?
• Has the home had any recent inspections?
• Are there outstanding permits or code violations?
• What condition is the detached garage in?
• Are all city utility connections active?
• What improvements have been made recently?
• Are there any title or property-line issues?
• What is included in the sale?
• Are there restrictions on renovation or redevelopment?

Getting clear answers can help buyers distinguish between a manageable renovation and a project requiring significantly more capital.

Building an Accurate Renovation Budget

The most important financial exercise for a property at this price point is determining the true cost of ownership.

Suppose a buyer purchases the home for $14,900. That figure does not tell the complete financial story.

If the property requires substantial repairs, the renovation budget could become much larger than the acquisition cost.

Buyers should create separate estimates for immediate safety issues, required mechanical repairs, cosmetic improvements, and optional upgrades.

A useful renovation budget might include:

• Purchase price
• Closing costs
• Inspection expenses
• Immediate safety repairs
• Structural work
• Roofing
• Heating and cooling
• Electrical
• Plumbing
• Windows and doors
• Kitchen improvements
• Bathroom improvements
• Flooring
• Interior painting
• Exterior repairs
• Landscaping
• Garage repairs
• Permit fees
• Contingency reserve

Having a contingency fund is particularly important for an older home because unexpected conditions can be discovered after work begins.

A Property for Buyers With Vision

The strongest appeal of this Slayton home is its potential.

It is not being marketed as a newly built or fully renovated residence. Instead, the listing specifically invites buyers to bring their ideas, tools, and vision.

That makes it a different type of real estate opportunity.

For someone who enjoys renovation, the property could become a long-term project with the goal of creating a personalized residence.

For an investor, it could potentially become a rental or resale project if the numbers work.

For an owner-occupant, it could offer a path toward homeownership with a low initial purchase price, provided the buyer has sufficient funds for the necessary improvements.

Final Thoughts on This Slayton Property

This $14,900 Slayton, Minnesota property combines several characteristics that are unusual at such a low asking price: three bedrooms, one bathroom, approximately 992 square feet of finished living space, a 0.32-acre lot, a detached single-car garage, forced-air heating, natural gas, city water, city sewer, and a two-story layout.

The home was built in 1910 and is being sold as-is, so the opportunity comes with an important requirement: buyers need to understand the property’s condition before committing.

The $2,600 price reduction brings the current asking price to $14,900, making the property especially relevant to buyers searching for inexpensive homes, renovation opportunities, or potential investment properties.

The large lot provides outdoor space, while the detached garage adds practical storage and parking potential. The three-bedroom configuration also offers flexibility for a household, rental strategy, or future renovation plan.

At the same time, the property should not be evaluated simply because of its low price. Older homes can require substantial investment, and an as-is sale places greater importance on inspections, contractor estimates, title research, financing considerations, and a realistic renovation budget.

For buyers who understand the risks and are prepared to put time, money, and effort into improvements, this Slayton property could represent an interesting opportunity to transform an older Minnesota home into something substantially different from its current condition.

The combination of a small-town setting, sizeable residential lot, detached garage, municipal utilities, and three-bedroom layout gives the property a useful foundation for future plans. Whether those plans involve an owner-occupied residence, rental property, renovation project, or long-term investment will ultimately depend on the buyer’s budget, goals, and due diligence.

With a current asking price of $14,900 and a recent $2,600 price reduction, this is the kind of listing that deserves careful investigation rather than a quick decision. The right buyer may see an affordable entry point into the Slayton real estate market, while the most important step remains determining exactly how much work the property needs and whether the total project cost fits the buyer’s financial plan.

 

 

Listed on Zillow.