A tiny house in New Jersey is making some big waves after hitting the market for the very large price of $499,000 in an apparent attempt to capitalize on the area’s extraordinarily low inventory levels—and the home’s alluring proximity to New York City.
At first glance, you could be forgiven for thinking there had been a mistake with the listing price: It seems almost ludicrous that a petite one-bedroom, one-bathroom house with a square footage so small that it isn’t even featured on the listing could fetch anywhere close to half a million dollars.
After all, the diminutive dwelling isn’t perched on a hilltop parcel in Beverly Hills, CA, or a waterfront lot in Palm Beach, FL. But as it turns out, its prime corner lot in the town of Bogota could prove just as appealing to the right kind of buyer…