It’s no secret that real estate prices vary throughout the county. The same amount of money will get you vastly different types of housing depending on where you are looking to purchase.
Location, location, location is the name of the game when it comes to evaluating and pricing real estate, and that has never been more true than it is today. Let’s take a quick look around the country and see what $500,000 can buy in five different markets.
2668 Sugarpine Ln - Fallbrook, California - $499,000
This three bedroom, two bathroom house in North San Diego County was built in 1984. The big selling point here is that it sits on almost a full acre with a killer view.
The house itself is just short of 2,000 square feet and is filled with potential. It has the makings for an open floorplan, and the master bedroom has sliding glass doors that lead out onto the back patio.
Any house in this price range in this neighborhood is going to need some updating, but with this house you would only be dealing with a few cosmetic issues. And features like the long, gated driveway make this one well worth the investment.
979 Gulf Dr, D471 - Sanibel, Florida - $499,000
Half a million dollars could definitely buy a small house along the Gulf Coast of Florida, but in this part of the country many people prefer the condo lifestyle. Having access to lots of amenities and not having to worry about maintenance are key components of house hunting in Florida…plus it usually gets you closer to the water.
This two bedroom, two bathroom condo in Loggerhead Cay is a great option that will get you right on the water. The community here features an outdoor pool, plenty of beachfront access, and tennis and shuffleboard courts.
The condo itself is a ground floor unit that contains 1,235 square feet of living space. Just as you might expect from a great vacation spot in Florida, everything in the condo is updated and there is lots of white, which give the condo a very clean feeling.
Listing provided courtesy of Pfeifer Realty Group Llc.
23500 Bellina Dr - Richmond, Texas - $499,250
Moving to the Lakes of Bella Terra neighborhood right outside of Houston, you will find that you are suddenly able to get a whole lot more house for the same amount of money. This beautiful three bedroom, 3 bathroom home contains 3,229 square feet of living space and was just built in 2015.
If you are looking for a great modern home, this is definitely it. The kitchen is absolutely stunning with granite countertops, stainless steel appliances, and some of the most gorgeous cabinets you will ever see.
As stunning as the kitchen is, it doesn’t hold a candle to the amazing master bathroom, and we haven’t even gotten to the theater room or any of the community amenities like the state-of-the-art fitness center. Clearly, your half million goes a long way here in Texas.
2745 Pine Bluffs Ct - Highland Township, Michigan - $499,900
Heading up north, we find that you can afford to purchase a brand new spec home that is currently under construction in eastern Michigan. When it is completed, this four bedroom, 2 bathroom house will offer over 3,000 square feet of space and all of the modern features you are looking for.
Of course, the big selling point with purchasing a brand new house that is currently under construction is that you can modify many different aspects of the home to fit your personal preferences. You will also have the luxury of knowing that your family is the only family to ever live there.
The entire New England area is known for its hundred-year-old homes that are worth a small fortune. But there are also some great values to be found if you know where to look.
This three bedroom, two bathroom home in the Alpine Estates neighborhood in Rhode Island contains 2,430 square feet of living space and was built in 2002. It is located on a quiet cul de sac and contains features like a grand entryway and hardwood floors. It also has the classic New England look that is so popular in this area.
Listed by: William Raveis Chapman Enstone.
Depending on what part of the country you are looking at, $500,000 can give you a wide range of purchasing power. And if we were to drill down further into any one specific region, you would find that the same holds true for different neighborhoods in that region.
Regardless of what your budget might be, your local Carrington Real Estate Services agent can help you understand what types of properties it can get you in the area you are looking to buy. Contact an agent today.