Darn near down home

“It’s a beautiful day in the neighborhood…”

And if your fondest wish should be to be in my neighborhood, here’s a 1946 two-story just down the road going for a mere $139k. (I’ll vouch for the listing agent: she used to live in these parts.)

I admit that I have no idea what a “flex room” is, but you should know that this house has two of them.

Addendum: I learn something every day:

Basically, when a room doesn’t have a closet it cannot legally be classified as a bedroom, so builders label these rooms “flex rooms” and let the residents decide how it should be used.

One of those is presumably what used to be the garage.





7 comments

  1. McGehee »

    3 May 2012 · 11:24 am

    The first place Chris and I rented in Fairbanks when we lived there, we slept in a downstairs room that failed of “bedroom” for two reasons. No closet, yes — but also no “egress windows.”

    As I understood it at the time, the latter diqualification carried far more weight. But it was still better than the house we looked at considering to buy, near the Fairbanks airport. The master bedroom, upstairs, had no windows at all — egress or otherwise.

  2. Tatyana »

    4 May 2012 · 6:53 am

    And here I was, stumbling on the “flex” thing and deciding – it must a home gym room…one for Her, and one for Him!

    Prices are really stunning in OK

  3. fillyjonk »

    4 May 2012 · 10:07 am

    If $139K seems stunningly low (I assume that’s what Tat meant), I will refrain from giving people heart attacks by telling them what I paid for my house.

    Granted, it’s two-bedrooms-one-bath but, still.

  4. Tatyana »

    5 May 2012 · 12:32 pm

    It is stunningly low – it’s only 2.5 median NY household incomes!

    Three must be other “cons” against this obvious “con”, or there would be mass exodus out of this city…

  5. CGHill »

    5 May 2012 · 3:59 pm

    Well, there’s this: it’s closer to 3.5 median Oklahoma household incomes.

    My house is worth a shade under $100k. Were it in a smaller town in this state, it might bring $50-60k.

    Then again, this is one of the few places where it makes more sense to own than to rent: houses in my neighborhood generally rent for $800-900, and P&I on my mortgage is less than $500. In an area where you can rent for $2000, but owning will cost you $3000-plus, there’s not much advantage to having your own name on the deed.

  6. Tatyana »

    6 May 2012 · 7:17 am

    Except that you will never recover your rent – and even if you spend $3,000 monthly on a house in upscale neighborhood, there is a hope that if you happen to sell in a good year, your spent money (or part of it) might return to you.
    I just looked at what is the current trend in median Brooklyn home price is (not even talking crazy Manhattan with its numbers in the tens of millions): $509K. That’s about 9 median household incomes.

  7. CGHill »

    6 May 2012 · 10:25 am

    Though the return might well be less than what you could have gotten doing something else with that extra thousand a month.

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