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Comcially small NJ home listed for $500K-as seller tries to capitalize on 'extremely low inventory'
New York Post • • business
Key Points:
- A tiny one-bedroom, one-bathroom house in Bogota, New Jersey, is listed for $499,000, a price driven by the area's extremely low housing inventory and its close proximity to New York City.
- Despite its small size and lack of detailed square footage, the home is priced below the median listing prices for Bogota ($700,000) and Bergen County ($799,000), making it attractive for buyers prioritizing location.
- The property offers benefits such as no HOA fees, modern renovations completed in 2023, and a convenient 30-minute bus ride to Midtown Manhattan, appealing to first-time buyers and downsizers.
- The listing emphasizes the home as a "land/location play," with the seller betting buyers will value the address and amenities over the limited living space.
- Interior features include updated appliances, vinyl flooring, and a fenced patio, though some details like garage spaces and exact square footage remain unclear due to lack of information from the listing agent.
