Just curious. What happened to the house? Has anyone lived here in recent years?
Anyway, i guess it will sell over 1.5M.
wow. $1.5M sounds high for land only value since it’s just 6600 square feet.
well considering that inventory is low, I too expect it to sell for over 1.5M. That’s been the median value for lots in Cupertino for about a year now.
What was peak value for lots?
Probably 1.65. This one is a good example - it was listed as ‘opportunity for new construction’.
1.25M/6060 = $206 per sqft which is higher than $165
If lot is worth $165 per sqft, then you’re paying $1.25M - $6060*165 = $250k for the structure.