Wichita Deal of the Day
Freddie Mac REO in Walter Morris — $59,900 After $20K Price Cut
1928 S LAURA AVE, Wichita, KS 67211 • WALTER MORRIS & SONS
Published July 1, 2026
Listed by Roy Foster | R J Foster & Assoc, LLC | MLS# SCK670256 | Active
2
Bedrooms
1
Bathroom
676
Sq Ft
$89
Per Sq Ft
Property Details
Days on Market
86 days
Est. Annual Property Tax
$1,021.13/yr ($85/mo)
Year Built
1935
County
Sedgwick County
School District
Wichita School District (USD 259)
Lot Size
0.17 acres
Price Reduced
$20,000 off original price
MLS Status
Active
Why It's a Deal
Our algorithm scored this property 84 out of 100 based on exceptional value metrics: price per square foot runs 41% below area median, the seller has reduced the price by $20,000, and the property has been on market for 86 days. At $59,900, this represents one of the lowest-priced residential opportunities in Wichita — ideal for investors seeking maximum renovation upside or cash buyers looking for an affordable entry point.
About This Property
- 💰$89/sqft — 41% below area median
- 📉Price reduced $20,000 — seller is motivated
- 📅86 days on market — strong negotiating leverage
From the Listing
At $88.61 per square foot — 41% below the area median of $150.83 — and after an $20,000 price reduction, this REO listing presents a compelling entry point for cash buyers or investors comfortable with value-add projects.
Property Details
Area median: $151/sqft vs. this property: $89/sqft
Interested in this deal?
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MLS# SCK670256
Listed by Roy Foster | R J Foster & Assoc, LLC | MLS# SCK670256
Listings courtesy of South Central Kansas MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of Jul 1, 2026, 11:30 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Comparable Properties — ZIP 67211
How this deal stacks up against similar properties in the same area
This deal
$89/sqft
Avg Comp Price
$91,000
This Deal
$59,900
Price Difference
$31,100 below
$/sqft vs Comps
$9 cheaper/sqft
2bd · 1ba · 896 sqft · 1928
$115,000
$128/sqft
$39 more/sqft
27d on market
2bd · 1ba · 864 sqft · 1925
$99,000
$115/sqft
$26 more/sqft
29d on market
2bd · 1ba · 1,560 sqft · 1928
$80,000
$51/sqft
Our deal $38 cheaper
3d on market
2bd · 1ba · 706 sqft · 1935
$70,000
$99/sqft
$10 more/sqft
82d on market
Property Location
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1928 S LAURA AVE, Wichita, KS 67211
4 comparable properties shown · click any pin for details