They mention the gold mine in the hole in the shack at all? I missed it
CA real estate ... what 1.3M gets you here.
- Thread starter Chris142
- Start date
CA real estate, at least around here, has been a gold mine for me and many others. Silicon Valley has currently hit a lull....
A 2/1 condo in an older Capitola park where my niece's place is, was asking $650K in this "slow" market. It sold the 1st weekend. Not sure what the selling price was; at least full price I'm sure. My guess is $670.
People cringe at the real estate prices her; I get it. But you have to understand why; the unbridled opportunity. Or maybe it's the sunshine?
A 2/1 condo in an older Capitola park where my niece's place is, was asking $650K in this "slow" market. It sold the 1st weekend. Not sure what the selling price was; at least full price I'm sure. My guess is $670.
People cringe at the real estate prices her; I get it. But you have to understand why; the unbridled opportunity. Or maybe it's the sunshine?
No it’s just a ripoff
Same here.
GON
$150 Site Donor 2025
California has very limited places to build, especially within 30 +/- miles of the coast, many barriers to build new real estate, outstanding weather, outstanding beauty, immigrant families very happy to have three generations in one house, making the cost of housing more palatable.
TO me the house in the OP is cheap and the taxes dirt cheap. I am trying to understand why even you think its an expensive asking price
Weather
AG, I am referring to Silicon Valley where I love, not the So Cal desert.
Yep. Older housing, like our house, is ranch style, spread out and decent property footprint. Now building is tall with small footprint.
My Los Gatos house was built in 1961 and is about 1200 sq ft. My folks' home was built in 1970 in Sunnyvale and is much bigger but smaller lot. Our place was always more valuable; then Apple built the Spaceship a few blocks from their place.
Went from $1.9M to $3M overnight.
What you are saying about immigrant family's is so true. They do not put their elders in homes; they retro fit the homes around here with appropriate bathrooms, etc. I respect that.
Nice home. Not a bad price either. It's like five miles into town, so there's some isolation out there. Not a fan of the zoning, but could live there. The taxes are probably about to double, so be aware.
oh. Not Apple Valley
Easy to mix up the Valleys over there.
If I am correct there is no such thing as a postal code called Silicon Valley, correct" Its just a geographic area.
AZjeff
$50 Site Donor 2023
The listing says public water. That's worth $250k right there in the desert. On market for 449 days so price might be a touch high.
I'm confused. The listing shows it has been on Zillow for 449 day, but in the Price History, it shows it was listed 7/20/24 for the $1.3 mil. asking price.
Either way, who lists a home for over a year, and makes no adjustments to the asking price? Is this some sort of tax write off? It seems very odd.
Either way, who lists a home for over a year, and makes no adjustments to the asking price? Is this some sort of tax write off? It seems very odd.
I think @The Critic nailed it. Or there's a problem not seen in the listing that is scaring off buyers. Or no one can get financing if no comps.
Got visit the high desert cities then get back to us
Court order to sell the house but they don't want to?
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