Newton’s tiny house is back on the market after lenders refused to fund it

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The home at 1295 Boylston Street is now listed for $ 389,900 and the owner is looking for a cash offer.

“The house will be difficult to finance, if at all,” Brings said in a telephone interview after two demonstrations of the house. “The key is that someone will most likely have to buy it in cash, unless they have some sort of local lender willing to accept the size of the house.”

“Unique! Adorable Tiny Studio Home in Newton Highlands, “the house Zillow Collection read. “Great condo alternative, great for casual stays, guest home, meditation, gym, camp, or whatever you want. Residential and business options. A REALLY UNIQUE HOME! “

It advertises an open living room, a new kitchenette with granite countertops, a renovated bathroom and an attic with a skylight and a “knee-high ceiling”.

The initial asking price of $ 449,900 brought the home to $ 1,792 per square foot. The listing shows that the discounted price is $ 1,553 per square foot. It stands on a plot of land measuring 2,452 square meters.

The offer – one of several to enter the home – was accepted about eight days after the property was listed. Brings previously told the Globe that buyers would consider it residential.

Brings said he was surprised buyers couldn’t find a lender.

“You couldn’t find a lender willing to accept 20 percent less, which seems pretty crazy to me considering that there are condos that are small condos that actually sell with funding about the same size” , he said.

Since the house came back on the market over the weekend, it has been shown around two dozen times, Brings said. Those who have looked at it are considering different uses for the space: a house, a property to be listed as a vacation rental, or an office space.

So far, however, no offers have been received.

“We’ve had some positive discussions about incoming offers, but nothing on paper,” said Brings.

While this isn’t the most unique property Brings has listed, it’s up there, he added.

“That is definitely in the top 5,” said Brings.


Amanda Kaufman can be reached at [email protected] Follow her on Twitter @ amandakauf1.



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