So now the description of a $400,000 Manhattan studio notes that its amenities include "a bath." As opposed to a toilet down the hall, presumably? The way things are going, that can't be far off.
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These homes are nicely maintained and beautiful, but very small (except for the CT house). Who can fit a family into a two-bedroom one-bath? I would go stir crazy being locked up in essentially four rooms for my non-working hours. They still beat the nutty dormitories being built in San Francisco where the residents only have their own bedroom and must share the kitchen and bathrooms with the other dormitory residents. Dormitory living as an adult is an admission of housing defeat if ever I have seen one.
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The Bronx house is the best deal overall on taxes but who wants to live in there is the question. Yorktown Hgts. has constant power failures and only a 2 br for those taxes; The condo with common charges and taxes is almost $20,000 in expenses certainly no bargain. The Cedar Grove house is located in the socialistic state of NJ and one bath does not cut it for a couple or family today.
This could do me a lot,thanks
A condo on Long Island. Sort of defeats the purpose, doesn't it? Ordinarily we look to Long Island for detached houses and backyards. Ok, one does what one can. But what's this? $12,000 in taxes? The majority of workers in our region can only read this piece, ostensibly about real estate bargains, and despair.
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Listing a house from Oxford CT is a bit random here. Quite a long way east from Danbury. But perhaps that is all one can get for the price point.
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Anyone notice that every house, save one, sold for under the listing price...?
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Wow! And California is expensive. A studio for $4K, while I have a 2 br, 1 ba on 1/3 acre w/ panoramic ocean view, estimated at $360,000 (and no traffic).
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Why are you comparing a Manhattan studio to a house in the country in rural northern california? For people who want to live in New York, the prices on the redwood coast are irrelevant. There are plenty of houses in rural and suburban areas around new York for the price of your house - including the other ones in this article. It would be more relevant to compare this studio to a comparable sized apartment in San Francisco....and one would be hard-pressed to find something at this price in San Francisco. My townhouse in the Bay Area - 1,200 sq ft - would sell for about $600,000.
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OK, so here's a stupid question: the Manhattan studio...are there taxes over and above the maintenance fee, and if so why aren't they listed?
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It's a co-op, so the property taxes are included in the maintenance. Generally the property tax is about 25% of the maintenance, so the annual property taxes come out to about $3500.
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It's a co-op so taxes are part of the monthly fee. The co-op pays the taxes on the whole building and the individual apartment owner's portion is paid as part of the monthly maintenance.
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than you
I live in Toronto. For me this is not "house porn" - it is "price porn". I had to click on here specifically to see what you can get for $430K.
The house I live in is probably closest to the one in the Bronx - but I could buy 3 of them for what my house gets me here. That's not a brag, that's a sigh of resignation.
My kids are NEVER moving out
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The house in the Bronx does not have nearby access to subways or decent schools. It takes just over an hour by public transportation to get from this home to Penn Station, not an inconsiderable commute. Generally speaking, the Bronx is still a very poor borough with high crime rates. Toronto on the other hand is an upscale city with great services, schools, and safety. You get what you pay for.
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I live in Toronto too and I think the point is that you can't get a house for less than 600K within a 40-minute commute from the downtown. It's pretty similar to Manhattan prices. But forget a huge alcove studio right downtown for 400K - that would cost about 700K. Mind you, our commutes on public transit are reasonably pleasant and our schools and health care are excellent.
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Sell their Xbox. They'll go.
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How and why would anyone want to live in Long Island? You pay 400k for a cono unit then pay $1700 a month in property taxes and maintenance fees? It can't bee that nice there.
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Parts of Long Island are very nice and people want to live there, especialy people with roots in the area. The property taxes are high there, though I would not say the maintenance here is unusually high (it would be considered a bargain for a Manhattan apt of that size). I don't know what % goes taxes and what % to building expenses, but I imagine it is a full service building (staffed) and note that it has a gym, deck, etc, which al cost money to maintain. Imagine it also has a garage.
I could see this appealing to empty nesters who want to stay in area but don't want upkeep and taxes on house. Here you get 2 beds, 2.5 baths and it looks like balconies on some units, plus a garage. Full service, so don't have to worry about doing anything yourself and probably walking distance to many things in town and maybe walking distance to train. I could also see it appealing to someone working in area -- or even pilot based at JFK.
Despite some crowding and overdevelopment, you are never far from water and some lovely beaches and sailing opportunities on Long Island. On the north shore you have lovely Long Island Sound. On the south shore you have the Atlantic Ocean, and this place probably isn't far from either.
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