This Morristown 3-bed, 1-bath house (986 sqft) is listed at $95K and clearly marked as a 'fixer.' Nearby comparable homes of similar size have recently sold between $107K and $144K, with median prices per square foot much higher, around $195. The property sits on a good half-acre lot and offers a practical layout, but it’s an older build (1900) and will likely need meaningful updates to hit top market value.
If you’re an investor, run the numbers carefully—factor in renovation costs and aim for a resale price in line with the $140K+ comps. For current owners, focus on budget-friendly cosmetic updates (paint, floors, curb appeal) to make the home more attractive for regular buyers. In both cases, don’t overspend; the neighborhood comps cap the upside.