827 North Park Street

[vakkotaur]

A couple days ago Jay noticed a large older house on lake-front property for sale and wondered about the price, just out of curiosity. That got me a bit curious and I looked at the web site of one of the local realtors and got a surprise. The house at 827 North Park, which I rented for a few years, is now for sale. The asking price? It can be yours for a mere $24,000.

Comments

[melskunk.livejournal.com]

And to think houses start at 200,000 here :/

[vakkotaur.livejournal.com]

That's the benefit of a small rather rural town, a low cost of living. Of course as Jay points out below, this house isn't much. Still, the that the house is selling for less than what many automobiles cost now amuses me.

[melskunk.livejournal.com]

Indeed! Even for a small, possibly run down house, that's a remarkable price. It amuses me that cottages around here go for more. Or perhaps it shouldn't. Cost of living anywhere in Southern Ontario, I suppose...

[jmaynard.livejournal.com]

827 North Park is no prize, to my thinking; it's 2 very small bedrooms, a living room, a bathroom, and a kitchen, basically. The attic is mostly finished; the basement isn't. The house was built around 1900, and there's still some knob-and-tube electrical wiring in there. It totals less than 900 square feet. No central air conditioning, and no dishwasher in the kitchen, which is kinda low on storage space.

It's suitable for one guy who doesn't have a lot of stuff, but I wouldn't want to even have two people, much less a family, there.

[melskunk.livejournal.com]

None the less, a house less than a car? It does make the mind boggle when one is stuck living in an area with extremely elevated real estate prices :)

[kiwihunter8.livejournal.com]

Crikey. 6% interest for 15 years is $200 a month. Add $50-100 more for PMI, taxes, insurance, etc. Imagine what doing $24,000 worth of improvements on the place would do. HVAC might be..what, $6000? Rewiring? For one person, it might be ok. Some people live in studio apartments, after all.

Unless it's prone to flooding being on the waterfront, or has unseen major problems that will be caught by an inspector.

[jmaynard.livejournal.com]

It's not close to any lakes, or anything else; about all it's susceptible to is being buried in snow along with the rest of Fairmont.

It's not in the nicest of neighborhoods Fairmont has to offer, but at least they don't have gang shootouts in the street like they do in Minneapolis.

[vakkotaur.livejournal.com]

This is no waterfront property, flooding is a non-issue. And for one person, it was okkay. I'd never had central air conditioning nor a dishwasher, until the current residence, so I didn't miss them.

[chakawolf.livejournal.com]

24K? Damn! Is it on fire?

[vakkotaur.livejournal.com]

No, it's just rather small and not in a place with bubblicious housing prices. It's big enough for one person, but two would be rather cramped in that space.