This just sold for $2,000,000 in the Bay Area

[SteveM]

https://www.mercurynews.com/2018/03/02/sunnyvale-home-shatters-new-record-with-enormous-price-tag/

 

[Slartibartfast]

https://www.mercurynews.com/2018/03/02/sunnyvale-home-shatters-new-record-with-enormous-price-tag/

View attachment 183321

I have 2m. You mean I could have owned this and missed the opportunity? Dang.

$2,358 per square foot.

 

[lawrence-lugar]

That's an ugly house, specially for two million. -- it looks like a large storage shed with a roof. or a mobile manufactured home with the wheels removed and the Wide Load freeway caution sign removed.

In an average/middle class part of San Diego, California...that same home would probably sell for 500 or 600 or $700,000.
In an exclusive, higher-end part...it would probably sell for 1.2-1.5 million.

 

[mlawson71]

The price must be driven up (spectacularly so) by the location, because the actual property is very underwhelming.

 

[tylerbose]

Did they found oil in the garden?
that the only way that house could cost that much.

 

[Jzwu2017]

No surprise!

SF Bay Area is famous for all kinds of bubbles, e.g., Internet, start-up and housing bubble, etc.

 

[fordewind]

Buyer maybe planning to construct something at this location.

 

[blueraincap]

https://www.remax.com/realestatehom...a-ca-90404-gid100006126634.html?lid=307644844

 

[mlawson71]

Did they found oil in the garden?
that the only way that house could cost that much.

I was wondering about that, because it is such a basic house.

 

[blueraincap]

where on earth you can buy a real good house (with a pleasant view in a good community) for $1m these days. my dream to settle in one of those santa monica coast-side houses has long been shattered