That sleeper has a comp that sold for 2.4 just in december… He got a deal. I should have bought it for myself and build brand new home. can’t find the link. maybe less.
PArts of mtv is near los altos, so they are at premium. This one is not though. But waverly and nearby is the second best region of MTV.
All these houses are in similar location & similar size, and house conditions are similar, if not the same. First one sold for 3.8 4 months ago. The next 2 stayed on market for a bit longer (not too long), but sold at > 10% price drop.
These are good houses, that area had the most expensive houses in mtv due to their size & condition.
Elt1 calls out on me for microanalyzing trends/individual houses, and that was a reference to that
My friends bought the house in this neighborhood last year and it is nice neighborhood.
It is also close to schools (kids can walk or bike).
I like the architecture too.
Maybe 3.5M?
Go for it With this house, you can bring your extended family here
Sold for $1.45M in 2009.
Annualized appreciation rate:
8% => $2.9M
9% => $3.2M (try your luck, lowball at this price )
10% => $3.4M
Historically is 6-8% but because of the overshoot due to financial crisis, take time to normalize back to 6-8%.
I didn’t buy it I knew off it and was offered this one more than a year ago but I don’t like flag lots. There is high interest in Building new houses in Mountain View .
Someone even bought 753 victor
I believe December will present some good opportunities . Every December there has been something coming up for me as a first right of refusel and which I regretted later in a matter of weeks. This December i’ll be prepared “Not to pass”