What Will $583,000 Buy in Your Neighborhood?

[82R100]

Well this is 2 1/2 miles up the road from my house and that's what it went for, including 127 acres of land.

Property taxes might be a little steep though.

- Chris

 

[AndrewWiggin]

Half a house? Several condos if you don't live in Highland Park...

 

[ChrisG]

In boston, it will get you a pretty decent two family nicely renovated in the suburbs. In boston itself, it will either get you a huge house depending how much in the ghetto you want to go , or a 500 square foot condo newly renovated.

 

[Cheech]

In the bay area, not much. It might squeeze you into a starter.

In Davis, you could probably get something small but nice.

I'd hate to see the power bill for that thing, though.

 

[murchmb]

That is unreal.

 

[SpyvSpy]

Where I live a pretty decent single family home. Just bought a 3 bedrom 2 1/2 bath with an acre for 489,000. Nice big open floor plan too.

 

[BullGoose]

Wow!

 

[82R100]

I'd hate to see the power bill for that thing, though.

The City of Pontiac claimed they were spending $1.5M/yr to maintain it. If nothing else, you have to keep it inflated.

 

[Ookla The Mok]

The property taxes won't be too excessive. They will likely base the taxable value on the sales value. I would defy them to try and prove it is has a higher market value than the sales price.

 

[Lynchmeister]

Wow. I'm shocked by some of the comments above regarding what 600k will buy you. I broke into the IT field about 4 years ago and began (slowly) climbing my way up the corporate ladder starting with a paid internship and eventually an entry level position. Through hard work and sacrifice, my wife and I were able to build our first home on a beautiful, 2 acre lot just 30 minutes outside of the Twin Cities of St. Paul and Minneapolis.

Total cost? Under $200,000. Can you imagine what $600,000 would have bought us?!? For that amount, we could have had ourselves a McMansion with cash left on the side for necessities like a 10 person capacity bath tub and bottles of Crystal.

 

[GFlanagan3]

wonder how many razor blades you could get out of that thing.....obsessed? me? nahhhh

 

[Seraphim]

Just signed a P&S for a house out west of Boston $500k.

Not quite as spacious as that real estate shown in the OP!

 

[ouch]

In Manhattan, it will get you a decent parking spot.

 

[82R100]

Through hard work and sacrifice, my wife and I were able to build our first home on a beautiful, 2 acre lot just 30 minutes outside of the Twin Cities of St. Paul and Minneapolis.

Total cost? Under $200,000. Can you imagine what $600,000 would have bought us?!? For that amount, we could have had ourselves a McMansion with cash left on the side for necessities like a 10 person capacity bath tub and bottles of Crystal.

There's always been a real difference between the coastal cities and the midwest that way.

Good for you.

- Chris

 

[82R100]

Just signed a P&S for a house out west of Boston $500k.

Not quite as spacious as that real estate shown in the OP!

"Out west" as in Newton or Worcester or somewhere in between?

 

[kwk285]

30 miles east of Seattle it will get you a home of about 3000 sq feet with maybe a 1/2 acre lot.

 

[BlackBard]

The City of Pontiac claimed they were spending $1.5M/yr to maintain it. If nothing else, you have to keep it inflated.

Not a problem, just have some politicians spend some time there.

 

[MMCCX]

probably every house on my block.

got our post WW2 3 bedroom Cape Cod for $48.5k in 2001.

 

[Commander Quan]

Yeah but it's in Detroit. I would have thought for that price you could have purchased everything between Windsor and Grand Rapids.

 

[KeepsItClean]

I'm in NYC. 583K will get you a nice 1 bedroom apt in a good neighborhood (Upper East/West Side, Chelsea, Midtown).

Not nearly as spacious as that. Property tax might even be more.