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Looking at houses for sale in my area, the closest to me that's for sale around the 200k mark is a 1200sq ft town house. 3 bedroom, 2 bath for $209k. about 5 years old.
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It would be hard to find a 200k house in our area that you would want to live in. Probably a condo out town home. Stinking Los Angeles is so expensive.
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Around a 3/2. A smaller square footage newer 3/2 or and older larger 3/2.
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@oliviaoblivia: Expensive, yes, but it doesn't have to be THAT bad! We just bought (Etobicoke tho) for just over $600. Even my bro, successful commercial photog, married to a Bay St lawyer, didn't spend that much on their recent home purchase
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@oliviaoblivia: Tho I guess for many, Etobicoke isn't Toronto proper...but my bro lives in Bloor West Village!
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@softcream: haha , I live in the Boston area. You can't get anything within 45 minutes of the city in a decent and safe area for less than 300k. That'd probably a tiny old 50' fixer.
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1 or 2 bedroom condo. Bleh.
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@woodentulip: I think it's just crazy to advertise "starter" close to $1M. Where did your brother buy? We've been hunting for 1.5 years and its getting frustrating.
ETA just read your update. We're trying to stay in midtown which ups the $$$
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@oliviaoblivia: ahhh yes, the hunt is the worst. my hubs works in mississauga, so we wanted to be close-ish for that, while still commute-able to downtown. and i wanted detached, which we just wouldn't have been able to afford anywhere near downtown. and in my world, $1 million ain't no starter home!
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I think if you were willing to go pretty far outside the city (45 minutes plus), not near any public transportation, and get a REAL fixer upper, you might be able to get a 1 bed condo.
These kinds of threads sort of depress me, but it also reminds me why some people younger than me seem to buy so much sooner, if that makes sense.
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We could get a very nice, large 4 bedroom with all the extras and upgrades with 200k! Housing is pretty cheap here in OK!
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@Foodnerd81: i know what you mean. i knew some of the responses would make me cry. but it's nice to know that many others in big cities like nyc, boston and toronto are also in the same boat.
i wouldn't consider moving out of the city though. i love it too much!
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@oliviaoblivia: I love the Georgian (?) style homes alone Avenue Road. If I were to ever move back to Toronto that would be my dream home!
In my zip code there is exactly 1 listing between $175-225 and its a 476 sqft studio for $209k... Yikes!
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The closest thing to me is a 600 sq. ft. apartment with 2 beds/1 bath. It's going for $175k.
I can get a lot of house for less than 200k near our hometown. I've found a 5 bd/3.5 ba, 2700 sq. ft. home for 170k.
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A foreclosed, in need of work condo. Maybe 2 BR.
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I just did a search in my town. There are literally no properties in that range. Even 2 bedroom condos are $350+.
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My husband and I walked past an Open House sign a couple of months ago and went in.
It was a studio, on the basement (hello, hurricane Sandy flooding) level of a brownstone building. It was dark, dank, dated, and looked like a hoarder lived there. It was $215,000.
But that was SO cheap, we thought about buying it, re-doing the inside a bit, and listing it on Airbnb.
But we didn't....pie-in-the-sky! After the hurricane, we were glad we didn't. I'm sure the whole thing was totally flooded, since the Hudson overflowed and flooded our neighborhood pretty badly.
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A really crappy 2 bed/1 bath foreclosure in an iffy neighborhood.
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I'm actually su rprised - I looked in my Boston suburb, which is cheap, instead of downtown, and $200K could get you a 500 sq ft 1BR condo. Downtown it can get you 400 sq ft in really not nice neighborhoods.
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I am in MI too and in my town (suburb of Detroit, safe, great schools) 200k will get you a nice home around 2000 square feet with a few updates but it would be an older home. If you went to the next town over you could get a newer place that would be a little bigger.
In Detroit, for 100k you could buy this: http://m.realtor.com/#details?property_id=4989691683
But I believe that neighborhood chips in for private police/security and you would probably want to send your kids to private school. -
Condos between 1-2 bedrooms, 600-1100 SF.
Or a couple of short sales / foreclosures where they don’t show pictures of the inside but say they need “TLC” (more like T$L$C$)
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Probably 3 bedrooms, 2-2.5 baths, 2-car garage. Either a newer townhome or an older single family home. In our particular school district, definitely a townhome rather than single family, but still pretty nice.
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@PurplePumps: The last house I lived in (rented) in Boston was a small single family ranch. Really crappy construction (old windows, paneling, thin drafty walls - $600/month to heat, lol). It sold for $380,000. So insane.
ETA my 'hood:
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I don't think I could get anything...condos and townhomes are over 300,00.
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i think you can get a 1br apt with 200k no frills in nyc (not manhattan you can get a studio i think with 200k). its like sf.
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We got a 1500-square-foot ranch with 3bedrooms, 2 baths for $150k, but it was flipped. Everything else we'd looked at in our price range (topmost 150) was short sale/bank owned/nasty/small. You could luck out at $200k and get something similar to ours with slightly larger square footage. We are in a good location too.
Half our city is in flood zones and requires pricey flood insurance and carries higher ho insurance rates (coastal Florida) so you have to factor that into cost also - not to mention the hassle of not being able to leave your neighborhood - sometimes for days! - when it rains. So even though they're very nice neighborhoods with big houses for good prices , you wouldn't in your right mind move there without a compelling reason.
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3-4 bedrooms, 1-2 baths, maybe 1800 square feet?....a nice yard...200K will buy you a nice home, not just a starter home!!!
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Here in Austin, you can get a great family home (3 bed 2 bath 2 car garage) in the suburbs for the 200K mark. But in the city, 200K probably won't even get you a house unless it's a fixer upper. Our starter 2 bed/1 bath, 1000 SF bungalow was more than 200K.
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740 square foot 1 bedroom, 1 bath condo.
this post depresses me...
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not too much, looks like maybe a 2 bed, 1 bath, 900 sqft? No updates, not too much property.
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I live in Central IL and the cost of living here is really low. You can get a pretty nice house for $200,000. Our house was a little more than $200,000 in 2008 and it's 4 bedroom, 2500 sq. ft., finished basement with a big backyard and in the great school district in our area.
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Either a condo with 2-3 bedrooms or an old foreclosure around 1500sqft that needs work. Otherwise, not much. Anything remotely desirable is at least 250-300k.
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I live in Nebraska and COL is very low here. You can get a nice 2000+ sq. foot house new house with upgraded amenities for 200K!
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@oliviaoblivia: I don't even have my kid popped out yet but am likely moving to Toronto this year--do you know where I can see what are considered the nice school districts? Mostly so I can find yet another thing to obsess about this pregnancy lol!
Just checked realtor.ca...Where I am currently 200k will buy you at best a tiny 1/1 tear-down house. Or a really ugly 2/1 apartment. The worst part is this is a small city I don't want to live in in the first place. I come from South FL where I could spend 200k and buy a nice ocean-front condo or a crazy big house that's still like 10 min drive from a city center.
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There is one listing for a home for 200K in my town and under and it's a FLOATING HOME!! LOL!
1 bedroom/1 bath built in the 1960's. Sq ft info not available.
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There are 4 listings between $200k and $210k, between 1500-2300 sq ft on little tiny lots.
We're in a suburb 45 minutes from Portland. If you go about 20 minutes outside the city I live in you can get a 3000 sq ft. 5 bdrm on 2 acres with a shop for $265k. That is our dream home
But it's bank owned and has dropped from $450k in the past year, can you say fishy?!
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The only thing you can get in my neighborhood for that price is a 'share' of an apartment with other investors. Studios start at around $450K but at that price you're in a bad location on the 6th floor with no elevator. We were really lucky to find a small 2 bedroom that was priced like a 1 bedroom!
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You can get a LOT of house in St. Louis for $200k. Like... a LOT.
The 2 favorites that I found are both in the city limits of St Louis. One was 5bed, 5bath, 2400sq ft and the other was 6bed, 2bath, 4400sq ft. Both pre 1900s. Both in decent neighborhoods although with both, you'd have to send your kids to private schools.
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We got a 1800 sq ft house with 2 bedrooms and 2 baths, with a 1200 sq ft unfinished basement, a 20 acre lot and a 40x60 pole barn for under 200. If we would have sacrificed the land we could have had a much larger house. I'm in a rural area about 2 hours from a small city.
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Not much. Where I live, you can get a 1 bdrm/1 ba 400-500 sq. ft condo for $200k.
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