Get All Access for $5/mo

Tiny House in Wealthy Boston Suburb Sells for $315,000 Would you pay that much for a 250-square-foot abode?

By The Associated Press

Barry Chin/The Boston Globe via AP

NEWTON, Mass. (AP) — A tiny home in a wealthy Boston suburb has sold after about a month on the market, albeit for far less than the original asking price of almost $450,000.

The roughly 250-square-foot (23-square-meter) home in Newton sold on Monday for $315,000, according to Coldwell Banker Realty's Hans Brings Results agency.

The home, on a 0.06-acre lot (0.02 hectares), went on the market in late September.

The house built in 1970 is described as an "adorable tiny studio home ... featuring completely open living space," with a loft and "ready to finish basement," and recent renovations including a new bathroom and electrical upgrades.

Several unusual homes in the Boston area's hot real estate market have sold for high prices in the past several months. Boston's famous 10-foot-wide Skinny House sold in September for $1.25 million, and a home gutted by fire in Melrose sold for nearly $400,000.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Devices

Stay Focused at Work with These $110 Beats Fit Pro Earbuds

Lock in with a great deal on earbuds with spatial audio and active noise cancellation.

Franchise

'Unpredictability in Various Forms' — How Franchisees Can Adapt and Protect Themselves From Election Year Uncertainty

Franchising can be both exciting and challenging, especially during times of unpredictability — like a U.S. presidential election year.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Amazon Has a Blank Book Problem: Buyers Report Receiving Fakes of Bestselling UFO Book

The book looked fine on the outside, but the inside was out-of-this-world.