What $1 Million Buys You Nationwide

by Guest Author on May 9, 2013

It wasn’t too long ago that $1 million house could buy a sprawling home filled with luxury goods, a multi-car garage for your new Mercedes and plenty of yard space for entertaining. And, depending on which part of the country you are in, that might be correct. In some real estate markets you can get spacious homes for a million bucks, but in most places today, your money will net you something a bit more modest, but nonetheless suitable for your family. Here’s a peek at homes that have recently sold for around $1 million in markets all over the United States, courtesy of Realtor.com:

photo by Dru Bloomfield

Boston, MA

The market is booming in Boston, with home sales up almost 50 percent from 2011 to 2012. The modern Colonial style home at 2 David Road in Boston, recently sold for $1 million. It’s a two-story, single family home on 0.28 acres. Built in 2006 and totaling 2,989-square-feet, it has four bedrooms, five bathrooms and a fireplace.

Chicago, IL

Living along Chicago’s luxurious Lake Shore Drive requires more than pocket change. $1 million will get you a 2,159-square-foot apartment, with three bedrooms and three bathrooms. The association fees cover numerous amenities that are available to residents including security, a fitness center and general maintenance. A sun deck on the roof lets you see stunning views of Navy Pier and the city. It’s easily accessible to public transportation, and the unit comes with one parking space. The home has central air, hardwood and stone floors and a balcony.

Madison, WI

Your money goes a bit further in Wisconsin. A newer model 8,273-square-foot single-family home at 910 Hidden Cave Road, on a 0.43 acre lot, was purchased for $1,064,000 just outside the capital city. The home includes five bedrooms, six bathrooms and a pool. The two-story home has an attached garage and central heating and cooling. It’s a short drive from the downtown, and near excellent public and private schools.

Seattle, WA

Out West, real estate prices are higher. $1 million will get you 2,110-square-foot, four bedroom, three bathroom house built on a small lot early last century. A recently sold two-story home, located at 3926 Sunnyside Avenue in the University District, that includes a fireplace, attached garage and central air.

Portland, OR

In rainy Oregon, a four bedroom, four bathroom single-family house recently sold for $999,000. The shingle-roofed, century-old 3,874-square-foot home sits on a 5,000-square-foot lot. Located at 1722 Nw 32nd Avenue, it’s in the Hill Side neighborhood and just blocks away from several parks, including Holman Park.

Dallas, TX

While the idiom “everything is bigger in Texas” may or may not be true, your money can stretch a bit further down in the land of rodeos and barbecue. A newly built two-story, single family home, with an over-sized attached garage was sold for $1 million. The four bedroom, four bathroom house includes walk-in closets, a library and a media room.

Los Angeles, CA

Out in Hollywood, a five bedroom, five bathroom, early 20th century single-family home at 315 North Highland Avenue recently sold for $995,000. On the 8,099-square-foot lot is pool and hot tub, including a spa cover. The home itself is 2,880-square-feet with two-stories and a garage.

While real estate prices are up from the rock-bottom prices they hit during, and after, the recession, they’re now on the rise. Most markets don’t have a large inventory and many sellers can afford to hold out for higher prices these days. So, while a million won’t net you sprawling mansions on a dozen acres, it will buy you spacious, comfortable living quarters, no matter which part of the country you’re in.

No matter where you are, if you are looking to move into a new home, consult a local real estate agent.  To find and interview real estate agents anonymously, click here.

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