Blog Topic #6: "How Much Home?"

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Real Estate Technology with ActiveRain

dollar in cart

Blog topic for this week was suggested to be by a community member, I just can’t remember who, but I’ve been wanting to do it ever since they suggested it.  With so many different markets and so many different real estate professionals here on ActiveRain this should be interesting.

 

I'd like to hear from you about your market through this question:


What will $425,000 US get me in your market place today?

 

Let's talk about land, houses, condos, amenities, commercial properties, whatever interests you but just let me know what I can get for my $425,000 US (474,767.50 Loonies).

 

Please tag your post with the following: "How Much Home, Blog Topic 6"

 

I look forward to reading your posts.

 

I'm always looking for suggestions for future blog topics, leave a comment here if you've got a suggestion.

 

Thank you,

Caleb Mardini

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Rainer
463,884
Maureen Francis & Dmitry Koublitsky
Coldwell Banker Weir Manuel - Bloomfield Hills, MI
Coldwell Banker Weir Manuel

Caleb, you stole my blog idea for today ;-)

This will be interesting!   Looking forward to the results.

Sep 19, 2006 12:34 AM #1
Rainer
15,286
Paul D. Gardner
Affiliate Broker at "Third Tennessee Realty and Associates" - Crossville, TN
I like it. I'll give it a bloody try....This should be very interesting.
Sep 19, 2006 01:15 AM #2
Rainmaker
340,552
Ann Cummings
RE/MAX Shoreline - NH and Maine - Portsmouth, NH
Portsmouth NH Real Estate Preferrable Agent

Hmmm, $425,000??  What will that get you in my market here in Portsmouth, New Hampshire?

Well, for single family homes, we just happen to have 3 priced right at $425,000.  All 3 are basically historic homes, 2 from the 1800's and one built in 1900.  Here is a link to these 3 homes for anyone who cares to check them out:  http://www.nnerenmls.com/nne/maildoc/b0056F3692.html

For condos, here are 2 that are listed about $425,000 here in Portsmouth, both originally built in the 1800's:  http://www.nnerenmls.com/nne/maildoc/h000X97196.html

And for land, here is the only piece close to $425,000 that I could find here in Portsmouth:  http://www.nnerenmls.com/nne/maildoc/b005rf5685.html    Other lots are available, 3-4 a little less than this one, and several much higher than this price range.

The market area I service encompasses a number of small and smaller towns, and there are plenty of properties available in the $425,000 range all around here.   I chose to send you just what you can get right here in Portsmouth instead of any of the surrounding towns.  Some of the other towns have nothing to offer in that price range because it's too low in price, and others will have a little more to chose from than what's here in Portsmouth.

Interesting topic and it will be fun to see other properties from around the country in this same price range.

Ann, www.AnnCummings.com

Sep 19, 2006 01:22 AM #3
Rainer
508,970
S. Leanne Paynter ☼ Broward County, FL
United Realty Group, Inc. - Davie, FL
Davie, Plantation, Cooper City & Weston Specialist

Caleb: I'm kind of particular about my tags on my blog.  If I just add one that reads "How Much Home" but not "Blog Topic 6"... will you still catch it? 

Maureen F. -- what do you have... some sort of secret way of getting in my head?  Towards the end of last week I'd started a rough draft of the "awards" I wanted to give out to other AR members -- something you did today, and now I read that you had intended to blog about "how much home" today... when I've been working on a draft of that as well?  Sheesh!  It's hard to compete with everyone here... seems like on a regular basis when I come up with an idea, it gets written about before I get a chance to post it myself.  Gotta be quick around here!

Sep 19, 2006 06:41 AM #4
Rainer
91,468
Eileen Landau
BAIRD & WARNER, NAPERVILLE - Naperville, IL
ABR, CRS, e-PRO
"How Much Home, Blog Topic 6"
Naperville Illinois: $425,000 will buy this:
 COME SEE OUR NEW LOOK! NOTHING TO DO BUT MOVE RIGHT IN TO
          THIS GORGEOUS HOME! BEAUTIFUL HRDWD FLRS, GRANITE C-TOPS, &
          BAY WINDOW IN KITCHEN. YOU'LL APPRECIATE THE UPDATED BATHRMS
          KITCHEN, DETAILED CROWN MOLDING & CHAIR RAIL IN THE DINING
          RM, BUILT-IN SHELVING & RECESSED LIGHTING THE FAMILY RM.
          FINISHED BSMT! ALL THIS PLUS AWARD WINNING DIST 203 SCHOOLS.
9 rooms
4 bedrooms
2.5 bathrooms
2004 taxes $6026
Lot 75 x 125
Fireplace in Family Room
2 car garage
Full finished basement
Sub-division
Sep 19, 2006 12:22 PM #5
Rainer
70,376
Caleb Mardini
Bellevue, WA
Leanne, "how much home" is great! I can understand, I wish more members were that particular :).
Sep 19, 2006 01:38 PM #6
Rainmaker
314,550
Brian Brady
San Diego VA Home Loans/858-777-9751 - San Diego, CA
858-777-9751

I'll ask Roberta Murphy to comment on North County Coastal (Encinitas and north).  I'll try to stick to Solana Beach south to Pacific Beach, Clairemont.

I expande criteria to $460,000 listing price because I believe many of those sellers will "deal" down to $425,000 .  I only looked for 3BR and 2BA listings in those areas.

No SFR are available;  5 active townhome/condo listings:

2 offered under $450,000 in Point Loma and have been on the market for 7 and 2 months respectively.

1 offered in Pacific Beach at $450,000; been listed one month

The other two are in the "UTC" area of greater LaJolla, about 3-4 miles from the beach and are dated.

The SFR market is holding up here but the condo market is in a tailspin. 

 

 

Sep 25, 2006 05:01 AM #7
Rainer
9,478
Michael Trust
Michael Trust Realty - Encino, CA

 How Much Home, Blog Topic 6

 

The median house value in my area of Los Angeles is $575,000.

 

Leasing a house in the San Fernando Valley will run $1200 and up per month depending upon what type of house and where it is located.  For example, a guest house/room at 300-800 square feet will cost $1200 a month but to lease a full house can run $1600 per month or more.  To lease a home valued at the median price of $575,000 will likely be about $2500 per month.

 

Land purchases and commercial property cannot be purchased for $425,000.

 

Great question...thanks for posting.

Sep 25, 2006 05:50 AM #8
Rainmaker
197,736
Roberta Murphy
San Diego Previews Real Estate - Carlsbad, CA
Carlsbad Real Estate and Homes

Carlsbad, CA --Blog Topic #6

With my sharp negotiating skills and indimidating broomstick, we could attend an auction on Oct 1, where bidding starts at $419,000 for a 5-bedroom, 3-bath, 2-car garage home with 2171 square feet. It is in an excellent neighborhood with award-winning schools. Some might call its 70's architecture lacking in character, but if we are successful in stopping the bidding at $425,000, we could probably remarket it as-is for the bargain price of $599,000.

 If we choose to take a less-intimidating route, we could probably acquire this lovely 2002 townhome in Rancho Carrillo that offers 3 bedrooms, 3 baths, and an attached 2-car garage. Total living area is 1292 square feet. It has value range pricing of $424.900 to $459,000. It has been on the market for 42 days with a limited service broker. I would start the offer at $415,000.

Should you wish additional information about these and other whispered bargains in Carlsbad, please contact me.  Encinitas and Oceanside reports will follow.

Sep 25, 2006 09:56 AM #9
Rainmaker
197,736
Roberta Murphy
San Diego Previews Real Estate - Carlsbad, CA
Carlsbad Real Estate and Homes

Encinitas, CA--Blog Topic #6

 In North County San Diego, prices increase with each city as you move south toward La Jolla. Encinitas is just south of Carlsbad and we currently have listed the lowest priced single family home in Encinitas--subject to a short sale. This vintage 2-bedroom cottage just west of I-5 is listed at $579-599,000.

 We may be able to negotiate from $449,500 to $425,000 for a nice 3-bedroom, 2.5-bath, 2-car garage townhome in a desirable neighborhood near park and award-winning schools. This 1977 vintage home has 1318 square feet, a fireplace and recent upgrading of floors, ceilings and trim.

For a more affordable detached home in San Diego's coastal North County, I would suggest Oceanside, Vista or western San Marcos.

Sep 25, 2006 10:33 AM #10
Rainmaker
364,405
Colleen Irwin
Retired - Buffalo, NY
Creative Real Estate Solutions...

Do we have a winner yet?  Inquiring minds want to know....

Sep 27, 2006 04:07 AM #11
Rainer
30,994
John Rogers
Century 21 APD - El Paso, TX

Not my own listing but in El Paso Texas you can get

Type: Residential Style: 2 Story Bedrooms: 5 Bathrooms: 5 "2 full, one half, 2 3/4" Garage: Double, Attached Size: 5,524 sq. ft.   Gazebo, patios, decks, chandeliers, work out room w. Jacuzzi on 5 acres

Sep 29, 2006 09:10 AM #12
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