Home Without Bedrooms Hits Market for $194,900

By Douglas A. McIntyre Updated Jan 13, 5:56AM EST · Published Jul 9, 9:05AM EDT

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Home Without Bedrooms Hits Market for $194,900 — © Thinkstock

Someone in Merlin, Oregon, wants to sell a 900 square foot home, without a single bedroom, for $194,900. The house does not sit on much land, which would justify the price. A new owner would get only 1.52 acres, and the plot is also in the middle of nowhere.

1071 Barker Dr. in Merlin is not near any city. It is two or three miles east of I-5, about five miles north of Grand Pass, which has a population of 35,000.

The house is cheap compared to others in the region. The median listing price for a house in Merlin is $222,450. The similar figure for the state of Oregon is $250,000. The house went on the market on May 26 this year for $199,900. The seller must have quickly realized that was too much. The price was dropped to the current level on June 6. The house is relatively new, built in 2014.

The listing:

Tiny house living at its best. This recently built fully equipped cottage overlooks a flowing creek on 1.53 acres. The house has a sleeping loft, full bathroom, stove, covered patio and is powered by solar or public utility. the property is fenced with great soil. This is the property you have been waiting for, great as vacation or a way to downsize and simplify.

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The solar energy is a nice touch for conservationists.

By most standards mortgage payments are cheap. With a down payment of 20% ($38,980) for a 30-year fixed-rate mortgage at a 3.48% interest rate, monthly taxes, insurance and mortgage payments would be $896.

The house was the most searched on Realtor.com last week. According to the website:

It’s not often we see a home with a big fat zero next to the number of bedrooms. Although the tiny-home backlash is well underway, the trendy small spaces continue to captivate a segment of folks looking to simplify and streamline.

Look no further than this popular no-bedroom pad tucked in the southwest corner of Oregon. Built just two years ago, it has a sleeping loft and, more important, a full bathroom, which is a deal breaker for many aspiring tiny-house hunters. With over an acre of land and a little creek behind it, the cute cottage is an appealing option for a buyer who wants a vacation getaway or a simpler life.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.