Location, location, location. I think that old real estate saying certainly applies here and it affects the price of this listing. This home in the small Mississippi River town of Fort Madison, Iowa seems to be in decent condition but, as you can see in the gallery below, it could use some freshening up.

It looks nice from the curb with its charming porch and intricate woodwork, but what about the inside? Well, it definitely needs some updating. A remodel of the kitchen and bathrooms would go a long way here. It appears some of the plaster came down in the living room ceiling. But throw on some new paint, carpet, and updated fixtures, and you would have something special.

Get our free mobile app

The thing that drew my attention to the interior is the woodwork. It's the type of craftsmanship that you would only find in a home that was built in 1913. Just look at that staircase in the pictures below!

So in my unofficial opinion, the only things that are keeping this home from being a lot higher in price are the location and it needs updating. But that also means it's a great deal for someone who wouldn't mind living in a small town and doing some of the work themselves.

Iowa $50K Home

13 Famous Iowans

It's a great day for Iowans. The first ever Major League Baseball game was played in Dyersville, Iowa last night (August 12) in The Field of Dreams game and it was awesome!

What a great way to showcase a beautiful state and celebrate the hospitality of Iowans.

Iowa may seem far away from Tinsel Town, but The Hawkeye State has produced many famous actors, musicians, and athletes!

The following 13 are just the tip of the iceberg!

More From KSOO-AM / ESPN Sioux Falls