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submitted 8 months ago by ericbomb@lemmy.world to c/asklemmy@lemmy.ml

In Utah County the cheapest "House" for sale is 600 square feet, 2 bed, 1 bath, at $300k.

So at current interest rate it would be $1,800 a month mortgage(assuming you put the 60k down payment! A decent amount more if you do 3% down.)

The cheapest condo/town in utah valley is 205k, 1,100 square feet, on a 400 square foot lot. But due to a $500 HOA fee the monthly cost is still 1,700 a month (assuming 20% down).

With 3.5% down they'd both be closer to 2.1k +PIMI.

So yeah, how is where you live doing?

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[-] Melkath@kbin.social 4 points 8 months ago

According to Zillow, a 3 bed 2 bath with 800 monthly HOA fees for 465k.

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[-] Raiderkev@lemmy.world 4 points 8 months ago* (last edited 8 months ago)

795 k, and it's an absolute dump 1 br in the worst part of town.

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[-] mke_geek@lemm.ee 4 points 8 months ago

There's 41 houses/duplexes for sale in my city at or under $50k. The lowest are listed at $5,000 but someone could probably buy it for less. The city also provides $20,000 in money to fix up any of the houses they own.

[-] NineMileTower@lemmy.world 4 points 8 months ago

SE MI - $100k for a rundown piece of shit

[-] yenahmik@lemmy.world 4 points 8 months ago

Oh fun. $330k for a 500sqft shack that is partially collapsed. The only info on the listing states the lot will need to be scraped, so basically that is the cost of an empty lot.

Going out a bit further, you can find a couple of houses around $350k that are liveable. They are 700-900 sqft and 0-2 bedrooms.

[-] Vex_Detrause@lemmy.ca 4 points 8 months ago

Does HOA mow your lawn, make you food and drive you anywhere?

[-] kent_eh@lemmy.ca 4 points 8 months ago

$59,900 (Canadian)

704 sqft, 1 story, built in 1905

Not, of course, in a desirable neighborhood, and most of the "recent renovations" scream flipper, but it is cheap...

https://www.realtor.ca/real-estate/26213715/655-magnus-avenue-winnipeg-north-end

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[-] toiletobserver@lemmy.world 4 points 8 months ago

439k, 3 bed , 2 bath.

It gets cheaper, but they are mobile homes and restricted to 55+

[-] ParsnipWitch@feddit.de 4 points 8 months ago* (last edited 8 months ago)

38 m^2, 2 rooms, 1 bathroom, 169000 € in a rural part of a bigger city in Western Germany.

That's an exception, though. The house is a bit weird since it apparently stands next to a church in the backyard of some other building...

[-] crispy_kilt@feddit.de 2 points 8 months ago

The church bells' relentless ringing, calling for the children of the area to come to the priest's most loving care, probably drives down the price a lot

[-] user224@lemmy.sdf.org 3 points 8 months ago

Damn, I didn't realize I just wasted 45 minutes. No definitive answer, but it seems €30-40k for something that should be repaired, but could be barely lived in.

The absolutely cheapest I found was €17,000 with no photos from indoors, only with description saying it is not suitable for living in the current condition...

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[-] Semi-Hemi-Demigod@kbin.social 3 points 8 months ago

There's no houses that small for sale near me, but the cheapest livable house is about 3x that size, 4br, 2ba, for $150,000, but it's a townhome. If you want a single family you're looking at about $200,000. Central Pennsylvania, USA

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[-] ArtieShaw@kbin.social 3 points 8 months ago

$70k USD - 3 bed, 2.5 bath, 1400sq ft., 0.3 acre lot, two stories and a detached garage. The interior needs plenty of non-cosmetic work (e.g. - new flooring)

$75k USD - 2 bed, 1 bath, 800sq ft., 0.15 acre lot; newly redone floors, electric and paint.

After that, there's about 10 more in the 125-150K range.

[-] potpotato@lemmy.world 3 points 8 months ago

Not long ago, 40-50k, now 90-100k.

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Regional Australia.

$250k will get you a 90s apartment or a shitbox in bumsville.

Avg wage is about $80k.

[-] Nemo@midwest.social 3 points 8 months ago* (last edited 8 months ago)

I bought my 3BR 1bath SFH, west side of Chicago, for $61K... kinda. To be actually livable it needed another $21K in immediate repairs (electric, plumbing, HVAC).

Luckily I refinanced right before inflation went crazy, so my total mortgage + escrow is $945/mo.

We also looked at a 3-flat building for $2K, but it had a $10K lien on it and all the copper had been stripped, sooooo

[-] Hikermick@lemmy.world 2 points 8 months ago

Just a couple of years ago I found two houses on Zillow going for $65,000 in Cleveland. A front house/back house situation.

[-] Mac@mander.xyz 2 points 8 months ago

When you say front house / back house is that like a duplex?

[-] Hikermick@lemmy.world 3 points 8 months ago

Two separate houses on the same lot, one is in the backyard of the other.

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this post was submitted on 23 Feb 2024
153 points (95.8% liked)

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