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Why anyone would want to live in California with prices like that is beyond me....Location is everything though. That is a $80K house on $2,390,000 lot.
I wonder when someone realizes that a 2.4 million dollar land is not a good deal.... what happens to real estate in California...
It may have been re-decorated but not renovated - sunken living room and wasted space on a dining room, even if it is somewhat open. And is that the BEST of the bedrooms they're showing...apparently not even a master. Glad I don't live in that area!
The neighborhood is average, the tract house was built in 1963 and is not very large. (A friend of mine lives next door.)
However, 95% of the houses in this area (including town houses) sell for $1 million-plus. The buyers were desperate and could afford it with two tech salaries. Timing is everything as housing is supply-and-demand. Ten years ago the house would have gone for $500k at the most. Sunnyvale has historically been a middle-class area with reasonable housing and decent schools. Tech industry has driven up the COL to where it is no longer feasible to live here unless you bought 20-30 years ago. I expect Highway 101 will have housing on both sides right up to the road shoulders in the future because we are almost out of space.
I lived in San Francisco proper for some time as a renter. Beautiful city but the COL was absurd. I also got tired of hearing about how it was "the best city in the US" or "the best place in the world." It was nice and all, but come on.
I guess you have to convince yourself of that if you are paying those prices.
Why anyone would want to live in California with prices like that is beyond me....Location is everything though. That is a $80K house on $2,390,000 lot.
I agree. My bet is that the buyer will tear it down and rebuild, or do a complete renovation.
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