Here's what $240K will get you in the Midwest..more RE reality
 

We waited for the Holidays to be over which gave us time to paint and freshen things up. I wanted to list it at $259K, but the realtor thought $239K was highest we should list. Kinda sucks because the things we added out priced the house for the neighborhood, but we didn't think we'd be moving out of there anytime soon.

Approx. 0.5 acres, 4 br, 2.5 ba, ~2500 sf, vaulted ceiling over living room and dining room, vaulted ceiling over master bedroom and bath, 2.5 attached insulated garage, 20x24 detached shop/garage/office (12x20 parking bay, 12x12 office, 8x12 shop), 15x30 Unilock paver patio and walkway, 6-8 ft cedar fence, 8x90 ft paved side driveway, partial basement that's partially finished with 2 rooms built, newly landscaped.

I'd have insisted listing it at $249K, but the realtor didn't think it'd appraise over $240K...wonder if we should have done it anyway....

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Beautiful house. Best of luck in the sale.

Thanks! If it doesn't sell or we get too many lowballers, we'll just rent it to some friends who really want the house, but can't afford it right now.

Where I live, that would easily be a $750k and up property.

At the height of the market it might have sold for $300K easy. A house like it 10-15 miles east (closer to the city) would have gone for $500K. We bought here because we got more for our money and paid 1/2 the taxes as the next couple of towns over, and the schools are great for the kids. The bus stop is 3 houses down!

Are you trying to make a grown man cry?

No...but you can move here! :)

$1 millon easy here in Seattle. In the right neighborhood with a view $1.5+.

And leave my neighbors, the renters who can't seem to be bothered to pick up the week old newspapers off their lawn? The ones driving down the market with the half torn down vertical blinds in the living room window that's street facing? I'm gonna cry now.

How the heck can you guys afford to live there?

Maybe in one or two exclusive neighborhoods in Seattle.. Not really that high.

2nd thing- how much are property taxes every year on that place?

That's where you get us.

Look further west
(and south)

FORECLOSURE 3,248sf home with 5 bedrooms and swimming pool

Ha ha. No, that bit of the ad doesn't sound the least bit shady.

I am not too worried about the house prices in CA. You pay more but you will (likely) also sell it for more. The only down side is the lack of a shop. 3 car garage is where you'll max out here unless you a) live in the boonies b) move to a 1+ mil home.

The weather makes up for it IMHO. Don't see many Thanksgiving or New Years drives announced here on the forum for the Midwest ... ;)

G

A house like that in LA would be 800+ in an OK neighborhood. West side of LA with that much land, you better have over a mil in your pocket. Good luck with the sale.

You can always go down, but not up, so I'd list it at your price vs the realtors price. It's worked for us every time. They want a quick sale and hundred or two to them is thousands to you.

It'd maybe be 250K in San Antonio, depending largely upon neighborhood. Property taxes in the right neighborhood (Northeast ISD) would probably be around 5K though.

I don't know if it's better to raise the price by 10K and let the buyer deal down or if the $239.9 will bring more buyers and we'd still end up at $235K+. If I can't get $235k, it might become a rental. So my thought was list it low, but discount less.

The tax on the place is approx. $6,000/yr.

Actually, I took a couple of Ducatis out for a spin the Sunday after New Years. Yeah it was not too enjoyable :)

I've always told myself I'd move out of the cold eventually, but as I get older, it doesn't make sense as much...so we decide to put down roots with the new place we bought. Although the cold sucks, it is only a major hassle for 2-3 months out of the year. The rest if the year it's perfect.

There are negatives to all...I'd have to 3x+ my salary to live like we here if we move to Cali...and then there's that whole mudslide and earthquake thing .... And the government there sucks more than our corrupted rats here. :(

That's a 1M in my hood

Wow, cool place. I cant imagine having so much space, hard to find around here.

Beautiful home. I say try it at 249K or even a bit higher. You never know. Maybe even a Pelican might go for it with that kind of car space.

Good luck with the sale. Ours has been on the market for just over 100 days. Of course, here in Central Ohio (our house is about 15 minutes from Mid-Ohio), you get a lot more for your money.

5495 Us Highway 42 Mount Gilead OH Home for Sale - Real Estate Listings - MLS #210038537 - Realtor.com®

Good plan B (lease with an option)..

I'll say..2.7 acres.

Good luck!

Now there's the rub.

In WA our tax rates are 1/2 that on value.

Midwest = nasty tax rate.

rjp

Hey Mericet. Do you get to Waldo much for a Baloney Sandwich? Love that place.

Bill

Mostly, just Illinois, second to Kali for the worst fiscal practices o any state! We are broke, and the Governor just got his 67% tax hike. At the same time Wisconsin governor is advertising a tax break for small businesses to move north of the border.

Bunch of idiots we have in Springfield....

BTW. The next town over, Naperville, the tax on the house would be $12,000/yr. And the house maybe $100k more.

I did some research in Omaha and about keeled over. My ex's Mom lives in appraised $500K (AT THE TIME) house and her property tax is just under $12K a year.

OUCH.

No, but I do know where in the world Waldo is. Most places around here have it on the menu though.

Neil

My house was bought at $306,500 in 1998 here in California

Tax is $3700ish

Today the houses value is $680,000 ish

The tax is the same, they just rape me elswhere.

I'm guessing Mid $400s here.

At our old house, I seem to recall looking at the tax accessment and concluding that since 80% of the money was going towards school, I didn't mind since we had 4 kids in school at the same time. I also concluded that I would move as soon as the kids were out of school. It happened sooner, and now we have double the tax ($11,000-$12,500) probably be the next one) at the new place, but we have a unique property here. I could be in Naperville and pay the same tax, but I'd be living in a 80 year old house 1/2 the size of our place now, and have no yard to speak of.

I'll take this for $12K a year in taxes...

Year round vacation home...with a 6000 sf man haus!


I'm not opposed topaying taxes....I just want my contribution to be spent responsibly...and that hasn't happened in Illinois in a longggg time!

lovely place. i just closed on my new house in darien. wish it was as cheap and as nice as your place :) where is the old place anyway?

krystar: it's in Oswego, right off Rt. 71, 5 minutes from downtown Oswego. Wish you have bought mmy house! :) Good luck at the new place.

Souk;

Where are you moving? Staying out that way or moving closer to civilization?

Staying out of the way....moved further west, 'bout 7 miles.

So you are in Iowa, eh(:

You need to look at recent comps in the area. It is irreleavant what this could / should of went 3 years ago. Remember you are also competing with short sales and foreclosures.

What is sad is the selling costs falls on the seller. Comissions, surveys, taxes and misc just add up to a load full of money.

Good luck.