38 m^2, 2 rooms, 1 bathroom, 169000 β¬ 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...
this post was submitted on 23 Feb 2024
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Asklemmy
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$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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Not answering the question really, but it prompted me to check out property prices in my home town in New Zealand - small town near a small city in the south. Example: 3br "character" wooden villa on a small section, NZ$700k (US$434k, Β£350k). I had heard about the explosion in NZ house prices, but that really took me aback. The house I live in now, 3br mid-terrace with garden in a similar sized Scottish town, would sell for about Β£250k. Even that seems crazy expensive, but at least it's within half an hour of a fantastic city.
(The estate agent's website lists previous sale prices, it shows the kiwi horror story: 2022: $570k; 2019: $430k; 2011: $271k; 1988: $52k; 1984: $26k.)
SE MI - $100k for a rundown piece of shit
According to Zillow, a 3 bed 2 bath with 800 monthly HOA fees for 465k.
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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.
Does HOA mow your lawn, make you food and drive you anywhere?
Genève (Geneva), Switzerland
Cheapest apartment is 38mΒ², 2 rooms, 570'000 CHF (646'000 USD)
That's very cheap. It's a shitty flat but livable if need be.
https://www.immoscout24.ch/buy/4000814125
Cheapest house is 240mΒ², 6 rooms, 2'950'000 CHF (3'347'000 USD)
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20k. I live in a shit hole
At least it's an affordable shithole!
Exactly lol. That's why currently stuck commuting a bit more than 3 hours a day round trip to work smh
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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.
Lithuania, TelΕ‘iai county
14000 Euros
4 rooms
66 square metres
25 ars of land
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439k, 3 bed , 2 bath.
It gets cheaper, but they are mobile homes and restricted to 55+
Regional Australia.
$250k will get you a 90s apartment or a shitbox in bumsville.
Avg wage is about $80k.
Just a couple of years ago I found two houses on Zillow going for $65,000 in Cleveland. A front house/back house situation.
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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
Damn, I didn't realize I just wasted 45 minutes. No definitive answer, but it seems β¬30-40k for something that should be repaired, but could be barely lived in.
The absolutely cheapest I found was β¬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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$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.
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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