How Much Does Property Cost Today? Real Life Monopoly Addresses Can Go For Cheap

T.marcin

If you're a board-game fanatic looking to live out your Monopoly fantasies, it'll cost you a few dollars—and not those of the multi-colored variety. But buying a real-life Monopoly address might not break the bank. 

Local news site NJ.com reported how much homes cost on the real Atlantic City, New Jersey, streets that appear on the Monopoly board, and while some are expensive, others aren't too bad for property near the shore. 

A house on Boardwalk—the marquee spot that families the world over have fought for during Monopoly games—lived up to its board game reputation. A four-bedroom condo up for sale on the Atlantic City boardwalk would run you $2.15 million, NJ.com reported. A home on Ventnor Ave., just behind Boardwalk in Monopoly prestige, would cost you about $750,000.

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But other spots on streets from the game go for pretty cheap. A three-bedroom home on Martin Luther King Blvd., formerly Illinois Ave., is for sale for $50,000. A home on Indiana Ave. is being sold for $80,000.

monopoly

Players participate in a Guinness world record attempt taking place across the world for the largest simultaneous game of Monopoly, at a hotel in Madrid, Aug. 27, 2008. Real-life addresses from Monopoly can go for pretty cheap nowadays. Paul Hanna/Reuters

For context, the median U.S. home on Realtor.com in 2016 cost $250,000. The most recent Census data showed the median price for a new home was $312,900.

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Real-estate site Movoto did an analysis of the real Monopoly streets in 2012 and found that Boardwalk reigned supreme no more. Marvin Gardens featured the most expensive real life property, with homes going for more than $1 million. 

A lot has changed in Atlantic City since the famous board game was created and modeled after the shore town. Hasbro, the game company that owns Monopoly, notes on its website that Charles B. Darrow invented the game in 1934 and presented it to the Parker Brothers. The game might actually have even older roots: The Guardian reported in 2015 that a woman named Lizzy Magie actually patented a version of the game back in 1903. 

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