A little while back, we reported that the Cheapest House in Wallingford was going for $369K (condos excluded). Well, we just got a note from the realtor, Courtney Cooper, who let us know that it is now cheaper still: $350K. If you want to put 20% down (which means you avoid mortgage insurance and may get a better rate), that means you only have to come up with $70,000.
Still too rich for your blood? How does $195,000 sound? And this one’s on the water:
Come on, you know you want it.
I totally want that!
In terms of who can actually buy it, that $195k is probably less affordable than the $350. A houseboat needs to be financed like a boat, not a house, so you need some awesome income to get a loan for such a “luxury” and you absolutely must have 20-25% down. Chances are if you can afford this, you can take your pick of Wallingford homes.