How Much Home Does $500,000 Get You?
A half $1 million seems like a lot of money but in many housing markets across the US it will buy you a lot of house. From Florida to California and everywhere in between, $500,000 can buy a lot or a little depending on the market. According to a recent article by MSN real estate, they chose 15 major cities across the US to determine what $500,000 will get you.
In Bradenton Florida, just up the street from Sarasota and Fort Myers, $500,000 will buy you a four-bedroom, three full bath home around 2700 ft.² and according to the listing agent “enjoy the landscaping, with the pop of color strategically placed around the grounds. The master bedroom has been extended with a sitting area totaling 19 feet, 3″ x 16′, 6 inches. This home has been well maintained with many upgrades including two closets in the guest room, upgraded showerheads the master bath, granite in the kitchen and 18 inch tile on the diagonal in the living room area”.
On the other side of the coast, in San Diego $500,000 will buy you a 1600 ft.² simple, single family home with about 2 to 3 bedrooms. Dramatically less elaborate than its Florida counterpart. Back on the East Coast, in Medford New Jersey, $500,000 will buy you a five bedroom home with over 3400 ft.² of living space. This home is dramatically set on a larger lot as well.
Related post: Why Use a Buyers Agent for Your Pelican Landing Home?
In the middle of the country, in Brandon South Dakota, $500,000 can buy you a luxurious six bedroom and four bath home with over 4300 ft.² of living space and a pool. Homes in the Midwest are significantly more elaborate as in Elgin Illinois, where $500,000 will buy you a five bedroom and five bath home with over 5000 ft.² on a massive 1.36 acres. How about in the Northwest? In Port Orchard Washington on the private sandy beaches of Puget Sound $500,000 will buy you a four bedroom and three bath home with over 2700 ft.² of living space with beautiful views of Yukon Harbor and Blake Island.
What will $500,000 by you in Pelican Landing Florida?
A beautiful three, four or five bedroom home with three or four baths and about 2400 ft.² of living space with two-car garage and meticulously maintained. Want to know more about the Pelican Landing area? Browse our website or call our office for more real estate news and information.