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Located in a neighboring city. Large neighborhood use to be know for getting a good value on a larger home, not so much now.
4 Bed 2.5 Bath 3524 SQFT about half an acre backing up to the lake/creek.
Because what he posted was a co-op, not a traditional condo unit. That is you pay $600K for the right to live there and be subject to the rules of the board, not to own it outright and do almost whatever you want. Co-ops have much higher HOA fees, but are cheaper than condos or houses.
Because what he posted was a co-op, not a traditional condo unit. That is you pay $600K for the right to live there and be subject to the rules of the board, not to own it outright and do almost whatever you want. Co-ops have much higher HOA fees, but are cheaper than condos or houses.
And that was on purpose. I found 15 condo options in my zip-code (10016) under $600k (all tiny or in need of updates), HOA fees about $800-$1000 in non-co-op.
$600k could be enough to buy any house in my town, there are McMansion developments in cornfields in my area where new homes start at $375k but that will probably change as the housing market becomes more overvalued.
When my uncle died recently my 3 cousins sold the house for $875,000 last year and now Zillow estimated it at over $1million. The house is in Melrose MA, which is a very expensive area.
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