what can you get for 200k?

nixieknox3 · November 2013

i am interested in real estate and i love the segment on the today show where they show what kind of house you can get for whatever $ amount across the country. what can you get for $200K in your neck of the woods?

nixieknox3 · November 2013

burp

nixieknox3 · November 2013

Hawkward said:

$200k in our area can get you a nice, new 4000+ sq ft home on a decent sized lot. We live in a very LCOL area.

that's amazing!

aglenn · November 2013

A one or two bedroom condo. It is HCOL here.

ByeBabyBunting · November 2013

we're 25 miles outside of the city with an hour commute on a normal day and you can't get much for $200k. Maybe a run down house or a small condo.

colliebabe · November 2013

In my neighborhood? Nothing.

If you go outside of the city you could probably get a townhouse, but it would probably be a fixer upper.

RayRay007 · November 2013

A 30 year old, 3bdrm, somewhat updated, 900 sq ft apartment style condo with $250 condo fees.

A 30 year old, 3bdrm, more updated, 1060 sq ft apartment style condo with $300 condo fees.

6 year old, 600 sq ft 1 bdrm apartment style condo with ? condo fees. New neighbourhood, close to lots of amenities, but far from downtown.

Nothing but apartment style condos on the east side of town.

nixieknox3 · November 2013

the homes in my neighborhood are all around 200k, and they are all 60+ years old, 3 bedroom, 1 bathroom, tiny , cape cod style homes.

lildevil968 · November 2013

HCOL here also. $200k will get you a 15-30 year old house, and about 1,500 sq ft.

CinemaGoddess · November 2013

This is it. The only one in my hood for less than $200k.

$199,100

MLS Number: 555638
Property Type: Condo/Town Home
House Size: 444
Bathrooms:1.00

Edited to highlight the square footage of that bad boy.

Don't all you guys line up at once, now.

jorkz821 · November 2013

A small condo, like 1 bdrm, 600-800 sq ft. Older town homes with no garage are in the 250+ range and single detached with garage are 400+.

SpaceGirlSpiff · November 2013

Um... probably a one bedroom or studio shack of a condo (like under 800sq ft) in a really crappy neighborhood.

MAYBE

In MY city/general area? Nothing...unless it's like..practically demolished and foreclosed on maybe.

Thanks So. California... And Obama.

Nechie122 · November 2013

I think $300,000 is the entry point for a house in a top school district where I live -- and even then, you're probably looking at a fixer-upper.

If you're willing to compromise on schools, you could get a small-ish fixer for $200k or a new-ish townhome. If you're willing to compromise on schools AND commute, you can get a new or updated 2,000+ sq ft home on a nice-sized plot of land.

sandyapples · November 2013

In my small town/suburb you can get a slightly older (20-40 years) home approximately 1500-2000 square feet on a decent lot or a new semi the same size on a small lot.

Our house was listed at 200k 4 years ago but the market has come up a little since then. It is 3 +1 bedroom, 1.5 bath, on about a 1/4 acre lot with an in ground pool in a very nice (not ritzy, but ritzy adjacent) neighbourhood. It needed a lot of cosmetic updating and a few major things as well.

EVA116 · November 2013

Smaller, older single family home or townhouse

wiggyslilsis · November 2013

We live in a LCOL area and not many of the homes are over $200,000 so that will get you a decent home probably up to 2500 sq ft and 4 bedroom.

Our home we bought was 107,000 and it was in town, newly remodeled, 2 bad, 1 ba 900sq ft

[Deleted User] · November 2013

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Helenahhandbasket · November 2013

Nothing. Not even a 1 BR condo.

RayRay007 · November 2013

lildevil968 said:

HCOL here also. $200k will get you a 15-30 year old house, and about 1,500 sq ft.

I wouldn't call that high. To get a house for $200K in my city you'd be looking at a 50-60 year old, 600-800 sq ft house in a bad neighbourhood.

nixieknox3 · November 2013

here is one that is nearby. https://www.zillow.com/homedetails/46-Meadowbrook-Rd-Watervliet-NY-12189/29689383_zpid/

missyishere · November 2013

Two houses? Really LCOL here.

MrsWindyCity · November 2013

aglenn said:

A one or two bedroom condo. It is HCOL here.

Same, and the 2br would not be anything great, that's for sure.

ETA: for perspective, we just listed our 2br + den condo last week, and it's more than 2x that. But, we are moving to the suburbs, and getting a 2200 SFH for the same amount.

MooOink · November 2013

In our neighborhood, nothing right now. Down the street an 800sqft 2 bed 1 bath place is in escrow for 600k. And down the hill we had a couple 600sqft places go for 450k. And those are the smallest homes around. I guess for 200k you could have a down payment on a mid sized home.

LissaLee · November 2013

Our house was 195K. It's a 30 year old two story, single family home with 4 BR, 2.5 bath, and a decent yard. Hate the weather but love the low COL of Iowa.

[Deleted User] · November 2013

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PinkyFloyd73 · November 2013

2-3 bedroom, 1 bath, 1200 sq ft Georgian on 1/10 acre, perfectly livable but needs paint, updated kitchens and baths, tiny galley kitchen, unfinished basement, old dying garage. There are two of those and they're the top choices at the 200,000 range.

amberdanielle68845 · November 2013

Hawkward said:

$200k in our area can get you a nice, new 4000+ sq ft home on a decent sized lot. We live in a very LCOL area.

Same here and could even be a custom build with all the upgrades with money left over most likely.

msdrdg · November 2013

Around me about 1200sq 3 bed 1 bath. Most likely a dump/foreclosure/short sale.

MJN9510 · November 2013

I have a 3,000 sq ft home with 4 bedrooms, 4 bathrooms, finished basement and its on a 3 acre lot.

monkeybutt61612 · November 2013

Nothing. Nyc yo

SpaceGirlSpiff · November 2013

We rent because it's very hard to buy in this area and we dont have a large enough downpayment saved yet....Right now we're in a small 2 bedroom in a crappy downtown neighborhood and rent is $1200 per month (which sadly is considered a good price).... but sometimes I day dream and browse real estate sites...

We'd like a single family home with 3 bedrooms and 1.5+ baths ideally if we were to buy (or hell, even a townhome would be acceptable as long as it has what we need).... you wont find one in the moderate (not even the best) neighborhood we'd be content living in for under ~370K right now. Most are more than that, that's the minimum I've been seeing.

Townhomes, maybe ~300K or a little over

If there even ARE any that is, since inventory is kind of low.

So yeah. Renting for awhile it is while I slowly accumulate a gigantic downpayment.

I hate this place.

RayRay007 · November 2013

amberdanielle68845 said:

Hawkward said:

$200k in our area can get you a nice, new 4000+ sq ft home on a decent sized lot. We live in a very LCOL area.

Same here and could even be a custom build with all the upgrades with money left over most likely.

What is the average household income where you live? See, this makes me totally jealous. A house like that here would be $1m to build. So sometimes I have these fantasies of moving to Georgia or Mississippi and buying a mansion. But then I remind myself that the salaries probably suck. ETA: in the 2011 census the median household income in my city was about $85,000.

bumpuser1691848 · November 2013

A 4 bedroom, 2.5 bath house with 2200 sqft.

chardonnay24 · November 2013

1358 sf, 2 bd 1 bth older fixer upper in a decent (but not super nice) neighborhood.

[Deleted User] · November 2013

I paid over $200K for a 2 bed/2bath/2 parking spot, 850 sq ft condo in a 4 unit building in a transitional neighborhood.

I pay around $3800 in RE Taxes per year (so our building is probably around $15,000/year).

In one of the nicer neighborhoods 200K, that would get you a studio/jr. one bed or MAYBE a one bed place with no parking or $20-50K additional for a parking spot.

scoutkate · November 2013

PIP or link, y'all! I love looking at real estate!

4 bedrooms, 3 baths, 2200 sqft.

Dated interior but deeded ICWW access.

SpaceGirlSpiff · November 2013

Holls2011 said: WarKitten413 said: Um... probably a one bedroom or studio shack of a condo (like under 800sq ft) in a really crappy neighborhood.

MAYBE
In MY city/general area? Nothing...unless it's like..practically demolished and foreclosed on maybe.

Thanks So. California... And Obama. I am guessing you aren't in LA. I looked and found zero, zilch for my zip code.

I'm near LA, I'm in North OC.... So in my area, there's probably nothing if I were to put 200K Max in the search... but I said maybe just incase maybe someone somewhere is selling a demolished studio shack lol

I didnt do a search, I dont like depressing myself :P

secretsout · November 2013

In my area, you can get a small/older condo for under 200K, maybe an older townhouse. You'd be hard pressed to find a decent single family home in a decent neighborhood in my area for 200K or less without it needing tons of work. I'm in MD not too far outside of DC.

SpaceGirlSpiff · November 2013

Holls2011 said:

WarKitten413 said:

We rent because it's very hard to buy in this area and we dont have a large enough downpayment saved yet....Right now we're in a small 2 bedroom in a crappy downtown neighborhood and rent is $1200 per month (which sadly is considered a good price).... but sometimes I day dream and browse real estate sites...

We'd like a single family home with 3 bedrooms and 1.5+ baths ideally if we were to buy (or hell, even a townhome would be acceptable as long as it has what we need).... you wont find one in the moderate (not even the best) neighborhood we'd be content living in for under ~370K right now. Most are more than that, that's the minimum I've been seeing.

Townhomes, maybe ~300K or a little over

If there even ARE any that is, since inventory is kind of low.

So yeah. Renting for awhile it is while I slowly accumulate a gigantic downpayment.

I hate this place.

we pay $2,000 per month renting a 2 bedroom condo. Yay, California!

Ugh I'm sorry!

I want to go back to Tucson AZ where I grew up and I could get a bigger place for half of what I pay. Sigh.

Do you at least have decent squre footage??? $2000 for a 2 bedroom holy crap...Is it at least a nicer neighborhood?

robyn2201 · November 2013

50+ year old home, 2 bedrooms, 1 bath, 1000 square feet or less.

nixieknox3 · November 2013

what are property taxes like where you live? my town has low taxes and we pay $3k a year. in a city not too far away, you can buy a huge, beautiful home for under $200k, but you will be paying 11K a year in property taxes.

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