November 21, 2006

A Nice Find in Ravenna

We found this week’s Bang for Your Buck property in Ravenna where it’s still possible to buy a nice home for $179 per square feet. Just be prepared to spend around $489,000 to move in: 3 bedrooms, 1 bathroom, and 2,730 square feet. It’s located half a block from Ravenna Park and six blocks from I-5. We can’t imagine why anyone would pay over two-hundred grand more for a Ravenna home down the street that isn’t as pretty. Credit the slightly nicer interior of that home to better photography and staging.

Ravenna’s average dollars per square feet is $274 and the median list price is $564,990. Today’s B4YB property has been sitting on the market for 26 days. With Thanksgiving coming up, it’ll probably be a little longer before it sells.