Yes, you read that right, a 4-bedroom, 2-bath, 2,300 square foot Victorian-style home for just $149,995! If you’ve been dreaming of owning a historic home with character, charm, and room to breathe, but assumed you’d need a million-dollar budget to do it, this might just be the real estate steal of the year.
Nestled on 0.7 acres in the scenic Alleghany Highlands of Covington, Virginia, this bright white home offers the perfect blend of history, small-town living, and opportunity for customization, all at a price that’s almost unheard of in today’s market.
Let’s take a closer look at why this affordable Victorian-style house in Covington VA deserves your full attention.
A Rare Opportunity: Spacious Historic Home Under $150K
First, the headline that grabs everyone: this 2,300-square-foot home is listed at just $149,995. That’s roughly $65 per square foot, a fraction of what you’d pay in most parts of the country, especially for a property with this much architectural charm and land.
This kind of price point is ideal for:
- First-time homebuyers looking to build equity in a unique property
- Investors seeking under-the-radar small-town real estate deals
- Remote workers craving space and scenery without the city price tag
- DIY enthusiasts who love a good old house with good bones
When it comes to budget-friendly Victorian homes for sale in Virginia, this one is a standout.
Style Snapshot: Victorian Folk Charm Meets Everyday Comfort
Let’s talk style. This house leans into a Victorian Folk aesthetic, a simplified, regional version of high-style Victorian architecture. Think tall, narrow windows, charming gables, and symmetrical lines. These homes were common in the late 19th and early 20th centuries and were built for function as much as beauty.
This particular home features:
- A classic white exterior with timeless curb appeal
- A front-facing gable, which hints at the home’s historic design
- Decorative trim details that subtly echo Victorian-era craftsmanship
- A functional floor plan, likely updated over the years for modern living
It’s a style that feels approachable and rooted in small-town Americana, especially when paired with the spacious green lot and tree-dotted surroundings.
If you’ve ever searched for a Victorian home with acreage under $150K, you know that listings like this are rarely this move-in ready.
Floor Plan Details: 4 Bedrooms, 2 Bathrooms, and Room to Grow
Inside, the home offers a generous 2,300 square feet of living space, with:
- 4 full bedrooms, offering flexibility for families, home offices, or guests
- 2 bathrooms, so you’re never fighting over the sink
- Likely original hardwood floors and trim work (common in homes of this era)
- Ample windows that bring in natural light
- Defined rooms and tall ceilings, classic to the Victorian style
There’s something deeply comforting about older homes that were designed for day-to-day livability. You get separation of space, clear functionality, and the potential to truly make it your own.
Whether you’re dreaming of adding period-appropriate wallpaper, restoring original features, or keeping things minimalist and modern, this layout gives you room to explore your vision.
Lot and Outdoor Potential: Nearly ¾ of an Acre in Town
Set on 0.7 acres, this property gives you space for a garden, a patio, maybe even chickens or a workshop. It’s rare to find this kind of lot size within city limits, especially with a detached garage already on the property.
Some outdoor highlights:
- Detached garage for parking, storage, or a hobbyist’s workspace
- Spacious backyard for outdoor entertaining or play
- Plenty of room for raised garden beds or a firepit
- Potential for a wraparound porch upgrade or landscaping enhancements
This house isn’t just about square footage inside, it’s about the lifestyle it allows outside.
Welcome to Covington, Virginia: A Small Town with Big Charm
If you’re not familiar with Covington, VA, it’s time to put it on your radar. This small mountain town is tucked in the Alleghany Highlands, surrounded by forested ridges and rivers. It’s a place where community still matters, where front porches are used, and where the pace of life is slower, in the best way.
What makes Covington special?
- Close proximity to outdoor recreation like Douthat State Park, the Jackson River, and the George Washington National Forest
- A walkable downtown area with coffee shops, local businesses, and historic architecture
- Easy access to I-64, making day trips to Roanoke, Lexington, or Lewisburg, WV a breeze
- Affordable real estate prices, especially compared to larger cities in Virginia
Whether you’re relocating from a bigger city or looking for a second home base in the mountains, Covington offers real value—and real peace of mind.
Real Estate Investment Potential in Covington
If you’re thinking like an investor, this home makes even more sense. At under $150K, there’s room for:
- Equity-building renovations, without pricing yourself out of the neighborhood
- Long-term rental income (there’s demand for spacious homes with yards)
- A cozy Airbnb or vacation rental with vintage charm
- Appreciation over time as more people discover small towns like Covington
You could easily modernize the kitchen or bathrooms, add period-style light fixtures, and have a home that feels completely custom without breaking the bank.
In the world of affordable Victorian homes with acreage, this one has a very favorable ROI outlook.
Final Thoughts: A Dream Home for Less Than You Think
In a housing market where prices can feel intimidating, it’s refreshing, honestly, shocking, to find a home like 616 Midland Trail. With 4 bedrooms, 2 bathrooms, nearly ¾ of an acre, 2,300 square feet, and classic Victorian Folk style, all for under $150K, this property feels like a love letter to what homeownership should be.
If you’ve been waiting for a sign to start your next chapter in a home with storybook charm and small-town warmth, this might just be it.
Key Property Details
- 📍 Address: 616 Midland Trail, Covington, VA 24426
- 💰 Price: $149,995
- 🛏 Bedrooms: 4
- 🛁 Bathrooms: 2
- 📐 Square Footage: 2,300 sq ft
- 🌳 Lot Size: 0.7 acres
- 🚗 Detached Garage: Yes
- 🏠 Style: Victorian Folk / Historic
📎 Listing Info & Credit
Listed by: MICHAEL TRANI 540-960-0550, RE/MAX ALL STARS
🔗 View the Full Listing: 616 Midland Trail, Covington, VA 24426
📸 All photos credited to the original listing agent or platform. Shared for editorial and appreciation purposes only. If you’re the homeowner or photographer and would like your listing removed or credited differently, please contact me.
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Disclaimer
Hidden Holms is a design and architecture blog that highlights unique real estate listings across the country. We are not real estate agents, brokers, or affiliated with MLS listings. Property details, pricing, and availability are subject to change. All listing photos and property information are credited to the original real estate source.
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