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A home on West Grove Street in Bogota that recently gained notice when it went on the market redefines what it means to live minimally.
And yet, it comes with all of the modern appurtenances that a downsizer or first-time buyer could want — central air, new kitchen equipment and a paver driveway.
The so-called tiny house at 16 West Grove St. was rebuilt from the ground up three years ago, and it hit the market 56 days ago for $499,000. Its listing says it is a “perfect condo alternative” without HOA fees. There is “truly nothing to do” with this “turnkey property,” it says, other than to unpack.
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Bishoy Megalla, the real estate broker, said on June 20 that its price will soon drop to $475,000.
On July 21 it's listed at that price. And available.
The home, whose square footage was not provided, has one bathroom and one bedroom. There is also a basement crawlspace.
An article about the tiny house movement published by Realtor.com in November 2022 states that the trend may have started when thousands of people lost their homes due to foreclosure amid the Great Recession of 2008. Many turned to these petite domiciles as an “affordable alternative,” it says.
A tiny house typically ranges from 100 and 400 square feet, the article says.
The price for the tiny house in Bogota is higher than most residences of such diminutive stature, but an article published by Realtor.com on June 19 explains that the seller may be trying to take advantage of low housing inventory in the area.
The property is also near dining and shopping districts in Hackensack and Teaneck.
Bogota is predominantly Hispanic and white as those two races make up 89% of its population of 8,778. Slightly more than two-thirds of all housing units in the borough are owner-occupied.
Philip DeVencentis is a reporter for NorthJersey.com. For access to the most important news in your community, subscribe or activate your digital account.
This article originally appeared on NorthJersey.com: This tiny Bergen County home had a price drop from $499K listing
