By TODAY real estate expert

Explainer: What home buyers can get for $400,000

  • Image: Texas home

    Each week, TODAY real estate expert Barbara Corcoran looks around the U.S. to see what homebuyers can get for their money. This week she travels from Palm Springs to Portland in search of truly unique properties you can get for $400,000 or less.

  • Marietta, Ga. — $349,900

    Image: Georgia home

    4 bedrooms, 5 baths

    Marietta was ranked one of the “coolest” suburbs in America. Only 45 minutes from the great city of Atlanta, it’s filled with outdoorsy types like runners, bikers and rowers. This Cape Cod charmer in a great school district looks like it’s sitting on top of a big green fluffy pin cushion! The living room and dining room have flawless crown molding. The kitchen has a nice Mexican tile floor, but it looks like it’s never been tested. It definitely needs a cookie jar or two! There’s a wood paneled four-season room with sunny skylights and a sparkling free-form pool out back. And taxes here are only $3,012 a year!

    View the listing here.

  • Hastings, Minn. — $365,000

    Image: Minnesota home

    4 bedrooms, 4 baths

    Hastings was incorporated in 1857 and the name was drawn out of a hat, one of the suggestions put in by the four original founders! It has small-town atmosphere near the big city amenities of Minneapolis and St. Paul. The bright red door on this perfectly landscaped home is a nice accent! The big, simple living room has a gas fireplace, one of two in the house. The kitchen has wood cabinets, hickory wood floors and a fancy tile backlash. There’s a sunny dining area with glass doors leading to the back deck. The best part of this house is the backyard! There’s a paved and covered patio, a lush green lawn and a second floor deck nearly as long as the house!

    View the listing here.

  • Katy, Texas — $389,000

    Image: Texas home

    5 bedrooms, 3.5 baths

    Katy has an award-winning school district, plus pools, water parks, tennis courts, a beach club and a golf course. It’s an easy commute to the area’s largest employers. This is a Texas-size brick home 4,396 square feet big! The garage is recessed to allow extra covered parking. Everything is oversized! The entry has soaring ceilings and a tall winding stairway. The open living room has double-height ceilings, tall arched windows and a fireplace. The oversized formal dining room has new carpet, crown molding and wainscoting. There are nice granite counters in the kitchen, but then again does anybody really cook there? I like the pretty breakfast nook with glass doors out to the deck. Out back there’s a big covered patio with two smart ceiling fans. That’s a lot of house for your money!

    View the listing here.

  • Portland, Maine — $399,000

    Image: Maine home

    4 bedrooms, 3 baths

    Portland is a hip, artsy town with a working port and lots of New England history. Believe it or not, this is both a custom home and an income-producing property. There’s a one-bedroom, one-bath apartment with a full kitchen and a laundry room off the main floor of the house. I think the pale yellow paint makes the whole house feel warm and cozy. It’s an open floor plan with shiny maple floors throughout. The dining room and living room have valanced windows that are a bit unusual. The kitchen is New England all the way with a breakfast bar, an open, beamed ceiling and a skylight. There’s also a big raised deck and a rolling green lawn out back.

    View the listing here.

  • Palm Springs, Calif. — $399,000

    Image: California home

    3 bedrooms, 2 baths

    You might think of Palm Springs as expensive, but look at what you can get for under $400,000! This ranch house is a perfect example of mid-century modern design at its best. It’s on a quiet cul de sac with manicured lawns surrounded by drop-dead mountain views. The open floor plan has vaulted ceilings and clerestory windows which make them feel even higher! The cool white stone floors match the living room fireplace. The thoroughly modern kitchen has a stainless steel farmer’s sink and frosted glass cabinets. Wow! Look at the pristine sunken patio out back with tall palm trees reaching to the sky!

    View the listing here.

Video: Homes for under $400,000

  1. Closed captioning of: Homes for under $400,000

    >>> now it's time for today's real estate. this morning, a look at what you can get for under $400,000. whether you want a modern palm tree lined house or a traditional colonial we have five great houses to show you. barbara corcoran is here this morning. good to see you.

    >> good houses again today, al.

    >> in marietta, georgia, a four-bedroom home priced at $349,900.

    >> 45 minutes from the great city of atlanta which everyone seems to love. it's a haven for outdoorsy types like runners, bike rs and rowers. the cape cod charmer looks to me like it's sitting on top of a green fluffy pin cushion . i never saw a house on that pop up of land like that. inside it's in meticulous condition. gleaming wood floors but for some reason they are covered with white carpet.

    >> would you pull up the carpet?

    >> i don't want to tell them that, but no one wants your carpeting. the kitchen has nice mexican tiles we'll see in a minute. looks like they have never made a meal in there. it's begging for a cookie jar or a toaster. that's taking neatness a bit too far. there is a four season room which is huge and almost is another whole house . it has sunny skylights and if you look in the backyard another big bonus pool. that's beautiful. it's meticulous and has a huge amount of property that comes with the house . remember, it's only $349.

    >> nice deal. let's go to hastings, minnesota. this is a four-bedroom home priced at $35,000.

    >> the name hastings was pulled out of a hat. i didn't know how towns got named. outside the house is neat as a pin, well landscaped and newly planted. i think they did a nice job on it. it has bright red accent walls here and there throughout the house that make a difference. it's beige but the accent walls help. it's a simple living room with a gas fireplace. the kitchen has wood cabinets, hickory floors, a dining area next to the kitchen . lots of wood there. outside i think there is the best part of the house . that's the backyard. there is a covered patio, lush lawn and a second floor deck that's nearly as big as the house . it runs all the way around the house .

    >> looks like a golf course .

    >> but you don't have to pay a lot of taxes because taxes are cheap there.

    >> up to new england . portland, maine. the beautiful city of -- i'm sorry, texas . katy, texas . 389,000. i should have been thinking about katy. she was here earlier. this is a five bedroom house .

    >> an award winning school district . what's nice is it has its own pools, water park , tennis park, beach club and a golf course in the neighborhood. that's a big texas -sized brick house . almost 4,400 square feet big. the garage on the right -- a little one is recessed which allows for extra covered parking. everything is big. the entry has soaring ceilings. i don't know how tall they are. they couldn't get a ladder tall enough to count them. winding staircase. the living room has double height ceilings there. tall arched windows and a fireplace you see over there. you can barely see it. the oversized formal dining room has new carpeting. i love the big windows. once you see the new carpeted dining room , somewhere, if it's coming -- ah-ha. obviously they have neat friends, no kids or something. i can't imagine living with carpet in the dining room . crown molding and wainscoting. a nice fresh white kitchen . but does anybody cook there? they are the neatest kitchens i have ever seen. get me a cookie jar there, too.

    >> i like the breakfast nook. it's better than the dining room . i guess the kids eat there. out back a covered patio with two ceiling fans for summer in texas which you need.

    >> now portland, maine. four bedrooms, $399,000.

    >> it's a hip artsy town with a working port and lots of new england character. this is a custom built home. it has a nice open floor plan . comes with the american flag included in the price. i think the pale yellow paint inside the house , you will see it makes the whole house look sunny and cozy. frankly it's a great trick to use in a house that's not sunny. it fools people every time. i like the shiny maple floors throughout the house . they are all brand new. the dining room is lovely. the living room , va lanced windows you will see throughout the house . odd but they work. the kitchen is new england all the way with a breakfast bar.

    >> no cookie jar .

    >> but that's a great kitchen . looks like people use it and this house has a one bedroom, one bath with a full kitchen apartment. that wribrings in $ 1200 a month.

    >> and out to california.

    >> you're rushing me.

    >> faster!

    >> a mid century modern design at its best. in a cul-de-sac with shimmering mountain views throughout. inside an open floor plan . the windows make it feel higher. the white stone floors work in this house . it has a thoroughly modern kitchen . brand new and stainless steel farmer's sink. frosted glass cabinets. and out back, this is a knock out. i thought it was a fake picture. it looks like a movie. it's a pristine sunken patio with tall palm trees that look like they are reaching to the m moon and back. who wouldn't sit there and be happy? nobody!



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