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Old 04-06-2015, 05:16 PM
 
865 posts, read 1,829,701 times
Reputation: 525

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Was anyone else watching this one? It first caught my eye (i'm not "shopping," just enjoy watching as a hobby) b/c of the "low" initial asking price ($900K in Sunnyvale for a house that's not the size of a shoebox).

Check out the list price vs the sold price. I wonder if people are back to thinking it's a good idea to list low and get 500 sets of feet traipsing through your house?

https://www.redfin.com/CA/Sunnyvale/...5/home/1024101
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Old 04-06-2015, 07:25 PM
 
5,888 posts, read 3,232,316 times
Reputation: 5548
Nice house but Morse is a very busy street and the schools that address is zoned for really really suck. As in , terrible.

So to me, the house is not underpriced...in fact I think given the location and school quality its overpriced. Figure if you have two kids, then you're looking at 20K/year private school tuition for up to 10 years...200K in hidden costs.

Last edited by phantompilot; 04-06-2015 at 07:35 PM..
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Old 04-06-2015, 10:04 PM
 
283 posts, read 426,674 times
Reputation: 78
I would pay for this house maybe 1,2-1,3 mil.
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Old 04-06-2015, 11:12 PM
 
Location: Madison, WI
1,044 posts, read 2,770,906 times
Reputation: 984
Quote:
Originally Posted by Wintermomma View Post
Was anyone else watching this one? It first caught my eye (i'm not "shopping," just enjoy watching as a hobby) b/c of the "low" initial asking price ($900K in Sunnyvale for a house that's not the size of a shoebox).

Check out the list price vs the sold price. I wonder if people are back to thinking it's a good idea to list low and get 500 sets of feet traipsing through your house?

https://www.redfin.com/CA/Sunnyvale/...5/home/1024101
The market will undoubtedly come crashing back to earth about a year before I finally decide to retire and want to sell my house...
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Old 04-08-2015, 03:54 PM
 
Location: SF Bay Area
14,317 posts, read 22,408,289 times
Reputation: 18436
There are certain portions of Sunnyvale (Serra Park) which might as well be Los Altos or Cupertino in terms of property values. I'm talking about the area that serves Homestead High, West Valley Elementary, Nimitz Elementary, and Cupertino Middle School. Homestead is an excellent HS. The location is central for employees of expanding Google and Apple, the neighborhoods are just as nice, close to freeways, shopping, etc.

As long as we don't put a Republican in the White House or make the mistake again of electing a Republican governor in this state, these values are going to continually rise, as the state and the country continue to prosper.
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Old 04-08-2015, 04:36 PM
 
Location: SF Bay Area
18,983 posts, read 32,700,138 times
Reputation: 13646
Quote:
Originally Posted by phantompilot View Post
Nice house but Morse is a very busy street and the schools that address is zoned for really really suck. As in , terrible.

So to me, the house is not underpriced...in fact I think given the location and school quality its overpriced. Figure if you have two kids, then you're looking at 20K/year private school tuition for up to 10 years...200K in hidden costs.
WOW, I can't believe someone would pay $700+ a square foot for a house in the suburbs with such terrible schools.
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Old 04-08-2015, 04:50 PM
HDL
 
Location: Seek Jesus while He can still be found!
3,216 posts, read 6,791,737 times
Reputation: 8667
Actually not a surprise to me. At one point in time I lived in Sunnyvale, although I'm not familiar with the exact location of this home. The inside and out look really nice. It is a very good location for getting all over the south bay imo. And I think the pricing strategy was pure genius and may have been the reason that they received that high of a sale price in the end. After living in a $3M, $1M and $.5M home(s) in the SF Bay Area, this home 'almost' looks like a deal to me. LOL!
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Old 04-08-2015, 10:04 PM
 
Location: San Jose
57 posts, read 88,260 times
Reputation: 34
It's the location any where else like south san jose it would be 700-750k . I live in the rose garden area and the school's are about the same quality. Homes this size are 1.1m to 1.3M. Crazy for sure...
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Old 04-08-2015, 11:38 PM
 
283 posts, read 426,674 times
Reputation: 78
You will be surprised in like 5 years when prices for 1/1 condo go above 1 mil. Market won't stop since tech business is expanding right now. No matter what happen to general US market with real estate SF bay area will just keep going up for next 5 years at least.
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Old 04-08-2015, 11:54 PM
 
Location: Boulder Creek, CA
173 posts, read 255,537 times
Reputation: 249
Quote:
Originally Posted by teoreticar View Post
You will be surprised in like 5 years when prices for 1/1 condo go above 1 mil. Market won't stop since tech business is expanding right now. No matter what happen to general US market with real estate SF bay area will just keep going up for next 5 years at least.
I'm pretty sure nobody here takes you seriously anymore so you're wasting your time. It's obvious you have an overly vested interest in real estate.

Stick to the RE related boards.
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