"What $1 Million Buys in Homes Across the U.S.", published by Forbes.com got me to thinking. Detailed in the Full story is just how far $1 million goes in different housing markets across the country.
Did you know in Manhattan $1 million will get you a 611 square foot one bedroom apartment? Wow. Closer to home with a $1 million budget you can buy a six bedroom 5,000 square foot home in Houston.
How does a million dollar home in Beaumont compare?
One thing is for sure. You get more square footage here than you do in New York City. About 6,000 square feet more it seems. According to the Beaumont MLS data from Feb. 2008, there are three homes on the market above the $1 million mark. The smallest of the three just came on the market. Its new construction and offers 5 bedrooms, 4.5 baths, plus a 4 car garage with 5990 square feet of living space.
Not big enough for you? Would 6349 square feet do? There's one you can pick up for a mere $1,150,000. With the 6349 square feet you get 4 bedrooms, 3 full baths, 2 half baths, and a 3 car garage. Still too small? The most spacious home on the market at present is a 7596 square foot home. It offers 5 bedrooms, 4 full baths, a three car garage and a lot of windows to clean. Although if you are in this price range you probably won't have to clean them yourself. These million dollar homes offer their owners plenty of comfort from crystal chandeliers, to outdoor kitchens, to fountains, and garage apartments. One would feel no pain living in one of these beauties.
You might feel a little pain at tax time. How's a $17,000+/- property tax bill strike you? The Jefferson County Appraisal District keeps all the property tax records on-line. You can check your homes value. It might not seem quite so bad now.
How often to these seven figure homes sell in Beaumont?
In 2007, two homes sold in this range. Surprisingly, neither stayed on the market more than 6 months. Curious about them? One property was a 125 acre ranch out in Fannett. The lucky owner got two quarter horses, cows, chickens, and a stocked fish pond with the purchase. The other was an exquisite estate home built by American Builders with 5904 square feet of living space and a sports pool with fountain, fire pit, tanning deck and guest quarters.
According to the Forbes.com article in some parts of California $1 million probably only gets you about a thousand square feet. After all the median price in San Francisco is over $800,000. Compare that to Beaumont's median price of approximately $150,000.
It's fun to see what $1 million buys even if that's not in your budget right now. The good news is here in Beaumont $1 million buys you an incredible estate. For those of us who have real budgets to live by you can still find your dream home and there's a good chance you can find it for much, MUCH less.
Comments