{"id":716231,"date":"2026-06-20T21:52:11","date_gmt":"2026-06-20T21:52:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/716231\/"},"modified":"2026-06-20T21:52:11","modified_gmt":"2026-06-20T21:52:11","slug":"comcially-small-nj-home-listed-for-500k-as-seller-tries-to-capitalize-on-extremely-low-inventory","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/716231\/","title":{"rendered":"Comcially small NJ home listed for $500K\u2014as seller tries to capitalize on ‘extremely low inventory’"},"content":{"rendered":"

A tiny house in\u00a0New Jersey<\/a>\u00a0is making some big waves after\u00a0hitting the market for the very large price\u00a0of $499,000 in an apparent attempt to capitalize on the area\u2019s extraordinarily low inventory levels\u2014and the home\u2019s alluring proximity to\u00a0New York City<\/a>.<\/p>\n

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\u2019t even featured on the listing could fetch anywhere close to half a million dollars.<\/p>\n

After all, the diminutive dwelling isn\u2019t perched on a hilltop parcel in\u00a0Beverly Hills, CA, or a waterfront lot in\u00a0Palm Beach, FL. But as it turns out, its prime corner lot in the town of\u00a0Bogota\u00a0could prove just as appealing to the right kind of buyer<\/a>.<\/p>\n

It is a classic case of scarcity driving up demand<\/a>\u2014and prices\u2014according to\u00a0Realtor.com\u00ae senior economist\u00a0Hannah 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.<\/p>\n

\u201cBogota and the broader Bergen County still see extremely low inventory levels<\/a>, which can drive home prices higher<\/a>,\u201d she says. <\/p>\n

\u201cWith just a handful of homes for sale, some buyers<\/a> may see this as an opportunity to secure real estate in a highly sought-after area, conveniently located in the broader\u00a0New York\u00a0City area.\u201d<\/p>\n

According to Realtor.com data, Bogota had just five active listings in May\u2014down from pre-pandemic levels, which saw around 20 properties on the market in the borough at any one time.<\/p>\n

\"AA tiny house in\u00a0New Jersey\u00a0is making some big waves after\u00a0hitting the market for the very large price\u00a0of $499,000. NJMLS<\/p>\n

\u201cBergen County saw a similar scarcity of listings, with around 1,550 homes for sale in May 2026, down 62.1 percent compared to the pre-pandemic norm,\u201d Jones adds.<\/p>\n

And while the price tag may seem enormous when compared to the pint-sized property it is attached to, it is actually well below the median listing prices for both Bogota and Bergen County, which currently sit at $700,000 and $799,000, respectively.<\/p>\n

That means buyers who are prioritizing \u201clocation, location, location\u201d may well see the dwelling as a prime opportunity to get their foot on the local property ladder for a much lower price than they thought.<\/p>\n

And there are other advantages to the home that might help to give it a leg up on the housing market<\/a>\u2014including a lack of HOA<\/a> and its proximity to midtown Manhattan, which is just a 30-minute bus ride away.<\/p>\n

Indeed, the listing notes that the property would be ideal for first-time buyers<\/a> hoping to come off the sidelines and purchase a home in an increasingly popular area\u2014or for anyone hoping to downsize from a much larger dwelling.<\/p>\n

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\u201cIdeal for first-time buyers<\/a>, downsizers, or anyone looking for a turnkey property with the benefits of single-family living and no association restrictions or fees,\u201d it states.<\/p>\n

Combined with its plum location in Bergen County, Jones says the seller is likely \u201cbetting that a buyer\u201d will see beyond its small size and pay for its\u00a0other\u00a0attributes.<\/p>\n

\u201cThe seller is betting that a buyer will pay for the Bergen County address, no HOA, and a 30-minute bus ride to Midtown,\u201d she shares. \u201cWhether that buyer materializes is another question.<\/p>\n

\u201cIn a market where the typical home is selling for well above $500k, this property is a land\/location play, not necessarily housing value play.\u201d<\/p>\n

For those who are willing to sacrifice space for those other amenities, the tiny home is certainly an appealing prospect. Having been built in 2023, it features modern appliances and finishes throughout, with plenty of windows to bring natural light into the dwelling, giving it a more spacious feel.<\/p>\n

\"SmallThe listing notes that the property would be ideal for first-time buyers hoping to come off the sidelines and purchase a home in an increasingly popular area\u2014or for anyone hoping to downsize from a much larger dwelling. NJMLS<\/p>\n

\u201cEverything has been completely renovated and updated since 2023 including the roof, windows, electrical, plumbing, kitchen, and bathroom\u2014truly nothing to do but\u00a0unpack,\u201d the listing crowns.<\/p>\n

The photos show a simple, compact dwelling with a rectangular window on each side of the front door, and a gabled roof above, with white trim adding to its charm.<\/p>\n

Size does not appear to be one of its virtues, however. The multistory house next door solidly towers over it, giving it a playhouse feel.<\/p>\n

Curiously, square footage numbers for the size of the home and the lot it sits on are unavailable\u2014and the listing agent,\u00a0Bishoy Megalla\u00a0of Keller Williams Team Realty, did not respond to multiple requests for more information.<\/p>\n

However, the casual observer would likely assume that the humble abode is on the smaller side of Bogota\u2019s median home size, which is 1,300 to 1,500 square feet.<\/p>\n

Among the home\u2019s interior features are easy-care vinyl flooring throughout and stainless steel appliances<\/a>, among them a stove with an oven, a microwave, a dishwasher, a refrigerator, and a stackable washer and dryer that appears to dominate the living room area.<\/p>\n

The listing also mentions two \u201cgarage spaces,\u201d although they are not visible in the images. Listing photos show no signs of a covered garage. Google street and satellite views give no clues either, having been taken before the property was built in 2023.<\/p>\n

Outdoors, there appears to be a fenced-in patio or yard space with pavers. There are also pavers in the front yard, rimmed by strips of green grass.<\/p>\n

The listing proudly boasts the advantages of a \u201cmove-in ready home that offers the perfect condo alternative with NO HOA fees \u2026 with the benefits of single-family living and no association restrictions or fees.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A tiny house in\u00a0New Jersey\u00a0is making some big waves after\u00a0hitting the market for the very large price\u00a0of $499,000…\n","protected":false},"author":2,"featured_media":716232,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,2053,1997,1999,1052,1170],"class_list":["post-716231","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-housing","tag-new-jersey","tag-new-york-city","tag-prices","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/716231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=716231"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/716231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/716232"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=716231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=716231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=716231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}