Find out what $250K buys you across the nation.
Whether you’re simply browsing or looking to relocate, we’ve scoped out a home for sale for $250,000 in 25 major cities across the country. Revealing just how much house you can get for your money, these homes range from a 500-square-feet coop in New York City’s East Harlem neighborhood to a 3,052-square-feet single-family home in El Paso’s Northwest neighborhood.
For more information on what a $250,000 home looks visit the Scoop Blog
The link for the East Harlem property is not coming up- but since my speciality is upper Manhattan and I even have a podcast called Harlem Stories- I can guess with near certainty that for $250k in East Harlem that it's either an HDFC Income Restricted Co-op or it's a unit with tenants that have rent control or rent stabilized tenants (to be purchased only as an investment unit with an annual tax loss as you can't evict these tenants without significant cause) - because it's way too cheap to be a market rate apartment.
Jackie A. Graves
Long Beach, CA
Hello Adam, I apologize for any confusion caused. To access the property, click on the City, State link. Thank you, Jackie.
Jackie A. Graves - Found the listing. 327 Pleasant Ave- which sold back in March 2020 for $250k and it's off market. I was correct this is in an HDFC income restricted co-op. These are not only income restricted, but many of the HDFC's need to be all cash deals as these are frequently high risk purchases that most banks don't like. I have sold some HDFC's and teach fellow agents to understand these buildings- but in most cases, I don't want to work in these buildings anymore since many of these co-op boards reject too many of the buyers. One HDFC I had in contract- the co-op board rejects at least 75% of the buyers. It's a lot of work to get a buyer prepared for the co-op board- only for the board members to crush your clients dreams.
Jackie A. Graves
Long Beach, CA
Hello Adam, thanks for sharing. Very much appreciated.
Excellent post.Thank you for sharing. Have a wonderful day and a blessed week
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