What will $250k buy in Your City??

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Frank Adams

· Loveland, CO

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Jul 05 '05, 03:32 AM

2500 or so square feet on the golf course, a bit more off the golf course. About 1800 square feet on the lake!

Of course it also gets you $6500 a year in property taxes!

all cash

Edited: 06/26/2010 at 02:50AM

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Jul 05 '05, 05:41 AM

Midtown Houston you could get a 2 bed 2.5 bath 2020 sqft Townhome TILE IN THE ENTRY, KITCHEN, AND BREAKFAST AREAS, HARDWOODS IN LIVING & DINING ROOMS, CUSTOM BUILT-INS THROUGOUT. LOFT OFF MASTER BEDROOM WITH SURROUND SOUND AND BUILT-IN ENTERTAINMENT CENTER. CORIAN COUNTERTOPS, DESIGNER PAINT. EVERYONE WANTS A MIDTOWN LOCATION.

Edited: 06/26/2010 at 02:50AM

Mark Davis

Real Estate Investor · New York, New York

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Jul 05 '05, 06:08 AM

In Manhattan - nothing as far as I know.

Edited: 06/26/2010 at 02:50AM

Account Closed

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Jul 05 '05, 04:02 PM

Amazing as it sounds. Joshes answer above mirrors mine here in West Central Florida.

[i]2500 or so square feet on the golf course, a bit more off the golf course. About 1800 square feet on the lake!

Of course it also gets you $6500 a year in property taxes! [/i]

Edited: 06/26/2010 at 02:50AM

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Jul 09 '05, 01:19 AM

A nice parking spot in San Diego, CA

Edited: 06/26/2010 at 02:50AM

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Jul 12 '05, 10:06 PM

In Traverse City Michigan, it will buy about six mobile homes on lots, with about $3,000 gross rent each month.

I know nobody likes mobiles, but that's why they go cheap and provide such good cash flow.

Edited: 06/26/2010 at 02:51AM

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Jul 12 '05, 11:07 PM

In Katy, TX, $250k would get you a brand new 3500 to 4000 sq. foot house in a brand new development. Property taxes will run you roughly $6k per year. And you will have a nice little drive to work if you work in Houston. but many people think it's totally worth it.

Edited: 06/26/2010 at 02:51AM

Jeff G.

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Jul 18 '05, 06:40 PM

A garage!

Here in Orange County, CA, it takes $650,000 to buy a 1958 "old looking" 3 BR 2 BA house in a junky neighborhood.

I own a mortgage company, and people DO NOT make the income it would take to buy this average piece of crap! The prices of real estate are ridiculous out here!

Edited: 06/26/2010 at 02:51AM

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Aug 05 '05, 08:13 AM

here in Tampa it gets you a fairly decently rehabbed 1920's bunglaow, in a desirable historic neighborhood,3/2 1400 sq ft woodfloors and about 5800 sq ft lot. And nice friendly neighbors.Tampa is sweet!
(In MiAMI we sold about the same more or less for about twice that four blocks from Biscayne bay. )

Edited: 06/26/2010 at 02:51AM

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Aug 10 '05, 11:31 PM

In dc a condo, in maryland a townhouse, or a single family but it will be old.

Edited: 06/26/2010 at 02:51AM

Dick Green

Residential Real Estate Broker · Conroe, Texas

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Aug 11 '05, 02:34 AM

Great Topic!

In Houston it really depends on where. This city is spread out quite a bit but, from $225 to $250 you can buy new sfr 4-5 bedrooms 3200 to 4000 sq. ft on a 8400 to 12,800 sq. ft lot with great seller concessions. To view go to the general har website har.com and search for the following mls#s 137804,4717323,9858919,6553453

Edited: 06/26/2010 at 02:51AM

K D

3 posts
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Aug 11 '05, 10:08 AM

Depends. You can get a garage aprtment in the heart of Orlando historic district or a small bungalow 600sq ft.
You could move to the surrounding country areas and get 1 acre with a 2000 sq ft house. But then you have an hpour and a half drive one way to work, if you work downtown.
In between you can get a cookie cutter house in one of the new suburb developments at about 1500 sq ft and no yard, plenty of neighbors
On HBTV they have a program (I think on Sunday night) that addresses this very question and does national comparisons.
Bill

Edited: 06/26/2010 at 02:51AM

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Aug 13 '05, 12:12 AM

250K here in St.Louis would get you a 90 day pop up house. As far as villas and condos you can get a nice one for 250k.

Edited: 06/26/2010 at 02:51AM

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Aug 17 '05, 05:49 AM

Here in the metro phoenix area, you can typically get a 1600-2200 sq ft home sometimes with a private pool and/or on a golf course. I'm currently buying a 2700 sq ft two story house on a 7500 sq ft lot, lots of upgrades for 310k. I like the market here. Appreciation rates are out of control!!! Can't wait for the CA market to fall out!!!!

California market crashes = Coastal property investment heaven!!!

Edited: 06/26/2010 at 02:51AM

Jason Barnett

· Dayton, OH

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Aug 17 '05, 08:33 PM

This is straight off the MLS (I posted a response to this thread before, but it got deleted on one of the site wipes). You can find a lot of cheap properties in my area! Note that I really limited my search to only find properties that were between $240,000 and $250,000.

Industrial / Commercial: 26 total. List includes gas stations, office buildings, a couple of factories, and some stores.

Residential: 151 total. Too many to go through, but from what little I saw you can get 3/2 in the nicest area within the city, or you can get a huge house in the suburbs.

Multi-Family (my specialty): 7 total. You can get one huge duplex in a nice neighborhood, you can get 12 units in a rough neighborhood, 4 houses on 3.5 acres in a decent neighborhood, or an 8-unit building in a nice neighborhood. (Nice meaning the neighborhood itself, not necessarily good renter areas, know what I mean?)

Farms: 5 total. A couple of horse farms and a couple of farms with tillable land (approx. 20-40 acres)

Raw Land: 12 total. Varying amounts of acreage, various zoning, various traffic counts. The best deal so far as I can tell is for 20.5 acres on the northern side of downtown Dayton. This is riverfront property near a ton of apartments. You could probably do well by developing the land for <idea not inserted just in case someone wants to hire this birddog :) >

Edited: 06/26/2010 at 02:51AM

Dustin T

· WA

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Sep 19 '05, 11:17 PM

I didn't see anyone representing Seattle so I'll do the honors :) I can offer that the market appears to be slowing out here. it seems like we were one of the last cities to see the boom, and one of the first to cool off, i'm greatful for that, although our prices still seem inflated. houses are sitting on the market for longer than they used to out here.

$250 in Seattle = only one house listed! 2 bedroom, .75 bath, waterfront... IT"S A HOUSE BOAT LOL....

Waterfront living. Stunning Mike Kelley 1991 built houseboat. Exquisite craftsmanship, use of woods and spaces all in a nautical theme. Feels like a cozy cottage on the water. $60,000 of recent upgrades and remodeling; including radiant floor heating. Open floorplan yet very private. Great slip location offers expansive views. Rare opportunity to live on the water at this price. Ultimate Seattle living. Moorage fees are approx. $340 plus $75 live aboard fee.

In Enumclaw, where i live, you could get a nice 2-3bdrm, 1-2bath, with small lot and probably less than 1600 sq feet. there is NO FARMS available for under $350 with only 3-5 acres.

I found 8.8 acrs for $160k, but it's all wetland, can't get approval to build on it.

Edited: 06/26/2010 at 02:52AM

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Sep 27 '05, 02:49 AM

Here is Sac town, 250K is begginer money. Tons of condos in all different areas, Hand full of Single Family, ranging from nicer homes in the ghetto, to small junk homes ( which get bought up) in the nicer areas. Couple in down town 1000sqft homes. 300K is the target for buying a nicer home.

Edited: 06/26/2010 at 02:52AM

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Oct 02 '05, 02:59 AM

I will represent Pensacola Florida for this topic.
great topic!

With 250K here in Pensacola and surrounding you can purchase vacant land, commercial property and commercial lots, single family residential pre-construction (great investment here--new subdivisions coming online in October), townhomes. The appreciation here is unbelievable!!! Navarre FL was like this a year ago--need at least 275K there now.

Edited: 06/26/2010 at 02:52AM

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