The building cost itself may exceed $900k easily as of now. There will be someone who may have money looking for nice home. People are there to buy single story, newer home at 1/2 acre lot nice school district. There are plenty of company owners having such money, they may buy.
Above all, this home is at hill side, def high demand expensive homes.
I do not have any real comparable in this area except one my colleagues looking home at this area 1M level, but he never finds a good home at this zip code for the price.
Ok, so sounds like we need to keep an eye on this one to see what happens. Just seems so expensive but like you said, good schools and big house = big price (i guess)
@sfdragonboy Avalon heights is very highly sought after here in fremont, Its gated and only 275 homes are there, so ther e is that exclusiveness to it. I drove to that community a few times, folks I know always keep an eye on this neighborhood.
Avg pricing is around 2.5M with some homes selling up to 3.5M.
I think with that lot size, views and BRAGGING RIGHTS its totally worth it!