Predictions for Sunnyvale, Cupertino


#705

Yup, the sale price will probably reach around 2.8 easy. looks beautiful


#706

Equivalent to a land cost of $250 per sqft in 2015.


#707

what will be construstion cost of this home


#708

At $300 per sqft construction, total $690k.
Furnishing + decor $100k.
Land cost $1.5M.
Profit $500k.
Expected sale price $2.8M😀


#709

Furnishing + decor $100k->That sounds… high?


#710

I think $300/sqft inclusive of all finishes and soft costs. The finishes are just average quality.


#711

Yup. It’s inclusive. Builder investor also could get it cheaper.
If held, appreciation would be around what? 45%? 600-700k already?


#712

You also need to account for carrying costs & property taxes


#713

and about 100k - 120k in agent fee/closing costs


#714

Ok question - what would their profit be if they didn’t build, but just waited on it, and sold after 2 years.
Let’s assume they are investor, and not taking 500k out tax free.


#715

What’s going on here? Check out the price history…

https://www.zillow.com/homes/for_sale/1013-Payette-Ave-SUNNYVALE,-CA-94087_rb/


#716

Deliberately listed low (priced to sell) as someone wrongly purchased T junction and trying to resale it. This is done by some LLC, investor, that makes me curious !


#717

but the list price is less than 900k ?.


#718

721 San Simeon St, SUNNYVALE, CA 94085 - 3 beds/3 baths this relisted.
https://www.zillow.com/homedetails/721-San-Simeon-St-Sunnyvale-CA-94085/66667701_zpid/ (history)
https://www.redfin.com/CA/Sunnyvale/721-San-Simeon-St-94085/home/935850


#719

Got a Flyer like this today


#720

seller agent pulled 120% overbid!


#721

I think the listing agent is playing for a sensational article headline. Home is Sunnyvale rocking 1.5M overbid!


#722

Beat you to it!:
seller agent pulled 120% overbid!


#723

But 120% doesn’t sound as fantastical as 1 MILLION dollars.


#724

Alright, you win. Happy? :slight_smile: