Tuesday, January 16, 2018
Business

How much house can you buy with $1 million?

Swimming pool with a hot tub. Four bedrooms and four-car garage. Granite countertops and stainless steel appliances. That's what $1 million will buy you in the Phoenix suburb of Mesa.

What will the same seven-figure price tag get you in San Francisco? Not much.

The San Francisco Bay Area saw a record number of houses and condos going for $1 million and above in the spring, pushing the median selling price into the cool million-dollar range for the first time in June, real estate research firm CoreLogic DataQuick said recently.

One home in a trendy San Francisco neighborhood recently sold for $1.8 million in cash — $600,000 more than its asking price. No swimming pool listed with this 1,200-square-foot house. Instead it featured a concrete slab yard, no appliances and an unfinished basement.

A million dollars will go a lot further in other parts of the country:

• In Philadelphia, a four-bedroom brick row house with a multitiered shoe closet.

• In Little Rock, Ark., a house on 5 acres of land tucked into a hill overlooking a stream that feeds into the Arkansas River, complete with a fireplace in the master bedroom.

• In an affluent Atlanta neighborhood, a backyard swimming pool and 2,500 square feet of living space.

• In Springfield, Ill., a nearly 6,000-square-foot house with six bedrooms near a top-rated golf course.

In the Tampa Bay area:

• A St. Petersburg four-bedroom, four-bath single-family home on a canal off Boca Ciega Bay.

•A 5,116-square-foot luxury home with a pool, on half an acre off a private golf course in Tampa.

• A four-bedroom, 3 1/2-bath equestrian estate on 11 acres in Spring Hill.

Here's a collection of photos showing a variety of homes listed for about $1 million.

     
                                 
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