TODAY | September 28, 2012
>>> estate" what you can get for $350,000 or less. this month mortgage rates fell to a new record level. today's ellis tate expert barbara corcoran is here with a look at what's on the market. good morning.
>> good morning. there's record appreciation in prices this month, the highest in seven years.
>> this really is a great time to jump in.
>> great time.
>> let's dive right in. what we can get for $350,000 or less. we start in the heartland, underwood, iowa.
>> first off, has 934 people. kind of weird, picture that, a picture where there's 944 people, but it's in the covered hills, like forest covered bluffs all over the area, and they have the highest silt hills outside of china. who cares but that's what i tell you anyway. all right. this house has massive windows on the front of the how is that look out on some of those rolling green farmlands, and with house you get 3.5 acres of property. i really like in the next shot, the lovely lit sitting area, seating area. looks so pretty and comfortable. a fully finished basement. elaborate wet bar for the guys it hang out and have a nice cold beer and out back a partially covered deck and landscape that complements this house very nicely. a pretty house, and it's only $329,000.
>> 329, and that is a beautiful part of the country, right on the border of nebraska there. next we'll head west to peoria, not illinois but arizona
>> you know how that got its name. the early settlers moved from illinois and said let's just bring this name with us are and that's how they named it and that's the truth. the kitchen has all ceramin 18-inch tiles, a center island and a roomy breakfast room. i shouldn't have overlooked the beautiful landscaping out front. also an open floor plan throughout entire house. totally contemporary, and has southwestern touches, like the arched doorways there and the niches in the living room and entertainment room. pretty room. the master bedroom has a large bay window , and when you go out back, the surprise is, a sparkling blue pool and private backyard surrounded by those beautiful high desert views.
>> living in arizona, you want a pool in your backyard. looks like a good one.
>> northeast, baldwin, maine, beautiful area.
>> lovely area. perfect spot, 30 minutes from the portland seaport and 30 minutes from new hampshire. best ski and golf resort , not a bad spot. the logs used to build this nice home were cut from the property itself and provide great insulation. log homes are the warmest in the world. i love this pine kitchen. when you're going to see it inside. looks like just anybody could get comfortable there. the big living room has a wood stove against the stone fireplace, and that rocky chair is identical to the one my husband used to rock await day n.all right. don't want to see that chair anymore. windows in the living room look out on 17.5 acres and filled with pine woods and old stonewalls. just a beautiful situated house with great property wrapping around it. you can see the beautiful log walls when you look at the master bedroom and the taxes are over -- only, 2,000 a career.
>> move the rocking chair out for you.
>> very good.
>> one more quick one, nashville, tennessee, one of the country's great cities. right outside is a town called mt. juliet.
>> a booming community and a fast growing job market . this is a custom built brick home with open floor plans and gleaming wood floors. the kitchen is spic and span. with tile backsplash and living room vaulted ceiling , extra large windows and there's the kitchen, living room , columns and a fireplace and the carpet in the master bedroom , tray ceilings and long windows and that's what you get for $350,000.
>> time for one more. no?
>> we've been cut off.
>> barbara, thanks so much. nice