A tiny mouse 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 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, this little friggin' doll house 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 there's a buyer for damn near everything at any price.
It is a classic case of scarcity driving up demand - and prices - according to Realtor.com senior economist Hannah Jones, who believes the seller is likely betting big on finding a buyer who will pay purely for the address, rather than the property itself.
God help us all if it does sell if it sells anywhere near that price.
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