What $400K will buy: Aberdeen, S.D.

Overview

This contemporary two-story was built in 1993 and sits on a 1.3 acre lot. Sunken great room overlooks dining room and kitchen with breakfast bar, oak cabinets, recessed lighting, built-in desk, microwave and eat-in area that features a view of yard with mature trees. Large study could be fourth bedroom. Master suite has double doors, walk-in closet and bathroom with shower. Finished basement features built-in oak bookshelves, full-wall entertainment center, corner fireplace, sleeping area and scrapbooking area.

Price trend

In Aberdeen, $400,000 will buy a top of the line house, says Dar Burgard, broker/owner of Century 21 Investment Realtors. “They can buy new construction — probably a three-bedroom, two-and-a-half bath, 2,400 to 3,400 finished square feet,” she says. That would normally include granite counters, hardwood floors and a three-car garage with up to a half-acre lot, Burgard says. With established houses in the area, “You usually get more for your money,” she says. The problem: There aren’t that many on the market at one time. Buyers can also opt for an older home — something 50 to 100 years old. “We have some really beautiful areas” with historic homes, she says. Lots are often larger, at least a half-acre or more, and often have features like grand oak staircases, leaded glass, French doors, large pantries and large formal dining areas, she says.

Prices have gone up slightly since last year, says Burgard. “But when you factor in the interest rates, you’re going to get more even if the prices are slightly higher.”

Amenities

  • 4 bedroom/3 bath
  • 3,372 square feet
  • Features: Main floor laundry room, dining area with ceiling fan, mature landscaping, workshop, and three-car garage.
  • Listed by: Century 21 Investment Realtors

Compare:
What you could buy in Aberdeen for $400,000 a year ago.