IT LOOKS LIKE A TINY HOUSE WITH A BIG PRICE TAG IS HAVING TROUBLE SELLING. >> IT IS ONLY 251 SQUARE FEET. IT IS STILL ON THE MARKET. THE PRICE HAS DROPPED. IT’S NOW LISTED AT 389 DNOW FROM 450. THE REALTOR SSAY THEY WANAT CASH BUYER BECAUSE TO SEL
Commercial
Asking worth for tiny home slashed after financial institution refuses to finance provide
Too small to finance?
Up to date: 2:41 PM EDT Oct 14, 2021
A tiny residence with a giant price ticket within the Boston space is having some bother discovering a purchaser.The 251-square-foot residence at 1295 Boylston St. in Newton Highlands attracted instant consideration for its dimension and preliminary asking worth of $449,900. That equates to roughly $1,792 per sq. foot.Realtor Hans Brings, with Coldwell Banker, mentioned the proprietor acquired a number of gives within the first week and accepted one.”Sadly, the customer was unable to acquire financing as a result of each lender they contacted mentioned the house was too small to finance,” Brings wrote in an electronic mail. “The backup consumers had the identical points.”So, the tiny residence with an open floorplan, an up to date kitchen and a fascinating location is again in the marketplace with a brand new asking worth and a brand new technique.Brings mentioned the proprietor is now hoping to discover a money purchaser who can afford to pay $389,900.In response to the itemizing, the bed room is a loft with knee-high ceilings. The kitchenette boasts a brand new granite countertop, and the toilet was not too long ago reworked. It’s positioned on a 2,452-square-foot lot. There’s a “prepared to complete basement” which may provide a number of extra sq. toes. In response to the Massachusetts Affiliation of Realtors, the median worth for single-family houses within the state was $552,000 in August.
A tiny residence with a giant price ticket within the Boston space is having some bother discovering a purchaser.
Commercial
The 251-square-foot residence at 1295 Boylston St. in Newton Highlands attracted immediate attention for its dimension and preliminary asking worth of $449,900. That equates to roughly $1,792 per sq. foot.
Realtor Hans Brings, with Coldwell Banker, mentioned the proprietor acquired a number of gives within the first week and accepted one.
“Sadly, the customer was unable to acquire financing as a result of each lender they contacted mentioned the house was too small to finance,” Brings wrote in an electronic mail. “The backup consumers had the identical points.”
So, the tiny residence with an open floorplan, an up to date kitchen and a fascinating location is back on the market with a brand new asking worth and a brand new technique.
Brings mentioned the proprietor is now hoping to discover a money purchaser who can afford to pay $389,900.
In response to the itemizing, the bed room is a loft with knee-high ceilings. The kitchenette boasts a brand new granite countertop, and the toilet was not too long ago reworked. It’s positioned on a 2,452-square-foot lot.
There’s a “prepared to complete basement” which may provide a number of extra sq. toes.
In response to the Massachusetts Association of Realtors, the median worth for single-family houses within the state was $552,000 in August.
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