Quote:
Originally posted by cbeers
QUOTE:
A 1,500 sq. ft. 40 year old tract house in Los Angeles in a suburb with a 5,000 sq. foot lot goes for about $400k.
That's a STEAL, I'll take TWO !!
(up here, a beater in an OK 'hood starts around $600k, then you have to outbid the other people who think this is a deal too.....)
-Chris
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Contgrats to Bryan!!! I wish I wouldn't have wasted my 20's renting!
http://www.realtor.com/FindHome/HomeListing.asp?snum=18&locallnk=yes&frm=byzip&mnbed=0&mnbath=0&mnprice=400000&mxprice=99999999&js=off&pgnum=2&fid=so&mnsqft=&mls=xmls&areaid=94546&typ=1%2C+2%2C+3%2C+4%2C+5%2C+6%2C+7&poe=realtor&zp=94546&sbint=&vtsort=&sid=048215A23A40C&snumxlid=1045950123&lnksrc=00001
This one just went up for sale around the corner from us. The house is 1450 sq feet, corner lot - but tiny at 4500sq feet priced at $588K with a fairly busy street on one side.
We bought our house a little farther up the hill for $465k four years ago (or was that five? I guess I am getting old) and with 2800 sq ft would probably sell today for $700k - $750k (or $1.1M using the square footage price above
).
Still waiting for that bubble to burst.........