Today we salute the smallest home ever on Real Homes of Genius. This home spanning out on 498 square feet is located in the gem of Orange County, Santa Ana. Not only does this house convey the essence of living large, but you get two bedrooms and one full bath! Just because they can list this place with a straight face at that price I will take my hat off. The agent states that this place is small but cozy. I think he got that quote directly from a prisoner at Guantanamo Bay. And at $440,000 we are talking about the bargain of the century. You are paying $893/sq.ft on this place because we are talking about the OC here.
But you need to have vision to be something in this world. Look at the picture above. You have all that space to your right hand side via the alley. Imagine what else you can do. You can convert this place into a drive through restaurant and make big money. Cash flow baby! How do I know you can make big money? Well our fruitful agent also tells us that this owner is “very motivated” to sell the place. Well, okay! Time to call New Century Financial and make a deal. Whoops, just did but no one on the other side picked up. Well let us see what other information we can gather on this home since we are so ready to bounce on this place.
Previous sales data reveals:
Wow. So in two years we are talking about a tax free gain of $117,000. Not bad at all. Or let us reframe this and say living in this house made the owner $58,500 per year. This is fantabulous since the median income here is $48,200. Again, why work when you can live in your house and outpace all of your neighbors? Making money is as easy as living in your opulent mansion with all the amenities that a sub-500 square foot home can bring.
Today we salute you Santa Ana with our Real Homes of Genius Award.