(Closed) What Home Can You Get For $500K In Your Town/City?

posted 3 years ago in The Lounge
Post # 18
Member
3730 posts
Sugar bee
  • Wedding: November 2014

On the Mississippi Gulf Coast, 500k would likely get you a very large house, probably 3500 sq ft and up, and several acres of land in a very nice area. Our 2100 sq ft house on half an acre was 160k. 

Post # 19
Member
3041 posts
Sugar bee

$575k can buy you a 2 story house in Old San Juan (the historic area of the city), Puerto Rico: 4 bedrooms (most very small), 1.5 bathrooms. As basicallly all houses in Old San Juan, it was built more than 400 years ago.  It is a very desirable area, with great restaurants, art galleries, shopping, cultural events year round, and close to everything. Parking is tragic, unfortunately.  

Post # 20
Member
3380 posts
Sugar bee

For $500k, you can get a plot of land, a condo, or a dump of a house.

Post # 21
Member
244 posts
Helper bee
  • Wedding: September 2013

In Northern Colorado 500k can get you a very nice 5 bed/3 bath on a spacious lot. We are VERY excited to have found a tri-level 3 bed/3 bath (smallish, 1900sqft) for less than half that. Vaulted ceilings make it feel bigger. We close next week!

Post # 22
Member
615 posts
Busy bee
  • Wedding: October 2015

Pacific nw here, we are house shopping right now with a 450K budget. We are looking at 4bdrm, 3bath houses on 1/2 acre or more and will prob be able to get that for 375-400K. 

Post # 24
Member
716 posts
Busy bee
  • Wedding: December 2014

For $475,000 we have been able to build our new house which will be ready next month. 1600 sq.ft, 3bed, 2.5 bath. Very large pie shaped lot and many upgrades.

 

Post # 25
Member
585 posts
Busy bee
  • Wedding: January 2017

500k in Melbourne Aus pretty much gets you a 1 bedroom apartment 🙁 

Post # 27
Member
521 posts
Busy bee
  • Wedding: January 2016

I live in Hawaii. You can get a nice condo (not super nice, but nice enough) or a smaller, fixer upper/ dated home if you’re willing to live about 1.5-2 hours away from town. 

Post # 28
Member
3292 posts
Sugar bee

$510k in my suburb gets you a house built in 1970s (exterior looks old and shit)  with 3 bedrooms, a renovated bathroom and not even room to swing a cat in the backyard… Ugh.

Post # 29
Member
98 posts
Worker bee
  • Wedding: May 2014

I know you already had one person from the Dallas area, but I live in a Dallas suburb called McKinney. This house is $690,00,http://www.zillow.com/homes/for_sale/McKinney-TX-75070/65367048_zpid/90668_rid/any_days/globalrelevanceex_sort/33.191896,-96.685084,33.176218,-96.712979_rect/15_zm/ but it has an elevator which is probably worth being a little over your $600,000 budget.

This one is $490,000. http://www.zillow.com/homes/for_sale/McKinney-TX-75070/65362581_zpid/90668_rid/any_days/globalrelevanceex_sort/33.184928,-96.657404,33.16925,-96.685299_rect/15_zm/

Both houses are about 4,200 square feet. To put this a little bit in perspective, while we bought in the same zip code, our house was only $240,000. We also only* have 2,800 square feet.

*2,800 square feet is still a large space and frankly, it’s too much for us now. However, it’s the house we also plan to die in, meaning, it should comfortably accomodate our growing family as well as provide a place for out of town guests to stay so they don’t have to stay in a hotel. This is important because my closest family members live about 16 hours away.

Post # 30
Member
268 posts
Helper bee
  • Wedding: June 2016

$500k in British Columbia Canada. Would get us an avg 3-4 bedroom maybe 2 bath. on a small, tight lot. 

money doesn’t stretch as much as I wish it would here :(. 

 

The avg family home where I live is anywhere between $350k-$700k thats in town. 

600k-1.5m or more out of town (acerage, farm, etc) 

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