$ 1,430,000 house down the block from me for sale (pix).....1300 sq ft.
 

$1,430,000 ?????

I mean, ya...I overpaid for my place too, but I thought prices would have dropped a bit by now. The rest of the country is getting hammered. Im not complaining, but looks like upgrading anytime soon is not happnin' :(

http://p.rdcpix.com/v02/lc2960141-m0l.jpg

http://www.realtor.com/search/listin...rcnt=28#Detail

more than a thousand dollars per square foot. lollll

location location location - Santa Monica is a desirable place to live so people will pay a premium to live there just as they pay a huger premium to live in Manhattan in NYC.

i think people are nuts - there are beautiful places to live all over North America where 500K buys a dream house for most people.

No offense but that's fucking ridiculous.

I love this neighboorhood, but I see what friends around the country get for their money in places other than LA, NY, Miami and SF.....and it makes me want to throw up :(

man that's crazy.you can buy a oh my god house for that price in GA.

None taken, I didnt pay close to that. And I agree....if you spend 1.4 on a house, you better be able to look around and feel like you live in a 1.4 million dollar house.

this is kind of joke

That's a 65 yr old block home, on a small lot for $1,430,000. ....

I'm about to sell a commercial/retail building, 14,500 sq ft for just over $1,500,000. The annual rent is $134,000. (triple net, tenant pays tax, ins, maintenance) ... that's a capitalization rate of about 8.75% ...

The point I'm making is that to purchase that house for a rental investment you would need to find a tenant willing to pay $11,000. a month plus all expenses for you to get an annual return on your money of 8.75%

So what do houses rent for in that area?

wow 3 bed, 2 bath for 1.4

insane

Welcome to beach city living:thumbsup

hah it better be on the water atleast..

What a rip off. Why do people even live in California? That exact house where I live would go for at most $75,000. Property taxes maybe $700 a year.

Kwazy price, but I bet some idiot will pay it.

That how prices are in Southern Californian?

$1,500/week
$5,000/month
http://www.vrbo.com/40821

I used to live in Sarasota. Not exactly cheap city and that house would go for at most 1/5 that price. And I'd be maybe 3 miles from the Gulf of Mexico at worst. For 1.5 mill I could a get a house twice that size right on fucking Siesta Key.

that's a cute beach house to rent - $1500 for a week right on Santa Monica beach sounds like a great vacation price to me - beats a hotel.

That's funny, I lived (ex still does) on Midnight Pass Rd, just over the bridge.

Even for Santa Monica that is high unless it is in some amazing location.

Seriously, LA prices are getting out of hand. If i was to stay at my place, my rent goes up $355 a month. Currently at $2250 to $2605. If i want to go month to month, its $2785 a month... worst part is its a 2 bedroom 2 bath apartment in a building that was built in the 1960s.

I have friends that bought places around here years ago before the market boomed and laugh at people now for what they are paying. regardless, crazyness and people with to much money will always drive this market up and up.

Damn haha

I wonder how much my 10,000 sq. ft. home would cost if it was in Santa Monica.

And yet another retarded reality.

Well then you know I'm right. Anyways yeah I miss the place hope to move back one of these years. Riverview High School class of '87. Go RAMS!

http://rgv-realty.com/mcallen/over400k.html

You can get this for 1.3 mill in Texas.

http://www.usamls.net/scripts_rev/ge...t=photo&k=3650

http://www.usamls.net/scripts_rev/ge...t=photo&k=2628

Bedrooms: 4
Baths: 5
1/2 Baths: 1


OR

http://www.usamls.net/scripts_rev/ge...t=photo&k=5183

List Price: $998,000
Bedrooms: 8
Baths: 9
1/2 Baths: 2

And I just bought a condo on Longboat key. Small world. Or shows how desirable FL is.

The houseprices in norway are THROUGH the roof... you have to pay a fucking million dollars to get something quite ordinary. Unless you wanna live in an apartement or something like that

Damn, 950K euros? That's alot!

Well prices are insane over here too, last saw a 1.18 million dollar house in the city center where I live... 4500 sq feet plot of land, house is 3050 sq feet living area, mind boggling.. and the climate sucks over here!

Driving through texas is enough for me.

Amazing.

That wouldn't cost more than 79 - 85k here, 10 - 15k less if there is no basement.

But most Northern Wisconsin women are ugly and obese so you have to take the good with the bad.

lol you are comparing no where texas to santa monica california? lol

Those are London prices.....

sheeit... Is it right on the beach with a platinum mine in the back yard?

Now that house in texas that is shown here thats a house ;) you can get a decent one here for 140k a few bedrooms, basement etc.. Not many million dollar homes though were I live. The real estate market and apartment rentals are really affordable.

Bottom line it is overpriced.

But that area you are in, a few blocks from the ocean, and the surroundings is a nice area overall. I love Santa Monica, especially 3rd street.

It keeps the riff-raff out.

Like you can compare anywhere in TX to Santa Monica. :1orglaugh:1orglaugh

I live three blocks from the beach in Santa Monica, and in the last six months there's been several properties close to my house that haven't sold and were taken off the market. One right near me was a 950 sq ft 2 bed/1.5 bath condo that was on the market for $828k. I went to an open house there in August and the agent told me I was the only person she'd seen in 2+ hours. So I can't believe theser sellers are going to get anywhere near $1.4M for that little shitter.

But then you'd have to live in Georgia :winkwink:


I don't get why every time someone posts an expensive house in a nice area, there has to be a hundred replies going "zomg that would get you nine mansions in <insert random midwest suburb here>"...

Houses are just building materials, land has value.

We get it already. You should see the house we just bought in CR for $125k... But I'm not foolish enough to compare it to Santa Monica.

I'd say "unmotivated seller" :) If I had a house in that area I'd throw it up on the market for that much too and go on happily living in it, just on the off chance someone with more money than brains decides he wants to live near the beach.

So it's worth an additional 1.2 million to live in Santa Monica?

That property isn't close to the beach--it's 17 blocks away--about a mile, and the other side of Highway 1, aka stinkin' Lincoln Blvd. There are t-shirts for sale at the local farmers market that say, "AWOL - Always West Of Lincoln". This must be the zenith of being a Westside snob.

cali is full of suckers what can you say?

A house is worth EXACTLY what someone else is willing to pay for it. If they can get $1.4mil for it, more power to 'em :) I have neighbors who put their house on the market for $1.2mil knowing they probably wouldn't get it but figured if someone was willing to pay, who were they to turn it down? It's at $800K now. They are in no rush to move and will probably not sell unless they get that. Their biggest problem is that it is by far the nicest house in the subdivision on the largest piece of land. Always buy the worst house in the nicest area :)

Good advice.

As opposed to where? TX? IN? GA? MI? TN?

Yes.