This part of the town used to be undesirable but is enjoying the highest appreciation rate
Silicon Valley Teardown Sells For $2 Million In Just One Day
Competition for housing in Silicon Valley is stiffer than ever.
This part of the town used to be undesirable but is enjoying the highest appreciation rate
This location is in Cupertino school district and just 2 miles away from Apple space ship. People buy those homes and rebuild brand new place.
My friend bought a similar home around 380k (7800 sqft lot), built 3500 sqft single story home for appx 400k in year 2001 when market was down. Still, My friend lives that location.
Competition for housing in Silicon Valley is stiffer than ever.
Why did this sell so low ? Price /sq ft is ridiculously low at 600$/sq ft. Buyer seems to be Four Seasons Homes LLC.
Isnāt that a home right on a corner where there is a stop sign? Some folks donāt like the traffic or issues perhaps with pulling a car out if potential for cars to come around suddenly is great. Also, can oneās kids play safely there? Probably notā¦
And looking at the way the intersection is, the potential for headlights to shine into home at night is there. I get it this is a quiet area probably so few cars but those I do feel are valid reasons for discounting. You may disagreeā¦
I guess those could be reasons. I am wondering though if the buyer intends to rebuild and flip? Itās not an individual/family.
Now that I have time to relook at it, more reasons: