3 ms·

897-square-foot house in Palo Alto goes on the market for $2.59M

20 points by spking 8y ago

jaytaylor 8y ago
They can try to sell it for that much but there's a fair amount of inventory in the area at present, and the housing market has been cooling. My guess is it'll go for less. Headline should read: "People still trying to flip houses in SV".
- ocdtrekkie 8y ago
  Compared to the fact that 1,000+ square foot living spaces are available in other suburban areas for less than $100,000, this is still pretty darn insane, even if it "goes for less".
- lozaning 8y ago
  Im rooting for more than a cooling, more like a sub zero freeze! Houses going from costing unaffordable X 3 to only unaffordable X 2 has no effect on me.
  - deleted 8y ago
    [deleted]
marcell 8y ago
The lot is a it over 4K square feet, FWIW
- madengr 8y ago
  That’s almost the size of my house, and it cost 1/10 that.
RyanShook 8y ago
Current list price is just under two million. https://deleonrealty.com/property/128-middlefield-road-palo-alto/ https://deleonrealty.com/property/128-middlefield-road-palo-...
- daleon 8y ago
  Oh, is a 900sqft house from the 1940s now a good deal for pwnly 1.9mil? Charming.
madengr 8y ago
What kind of salary does it take for a $2.6M mortgage? What would the property taxes be on that house? Insane.
SEJeff 8y ago
For reference, my nice home in Logan Square (the hipster neighborhood) in Logan Square wass $590,000 and is around 3100 sqft with a super nice interior. I'm a software engineer and do great. At what point to businesses start leaving the bay area due to being priced out? This seems a bit excessive.
rkochman 8y ago
List a vacant lot for 7 figures, no one bats an eye. List a lot with a small house on it for 7 figures, everyone loses their minds.
snarfybarfy 8y ago
Well duh, it's a whole house in a millionaire city?! Seems rather cheap. Where I live an 900 square foot apartment can also set you back by $2m. The seven apartments currently listed are all above $1.6m with several having undisclosed prices (if you have to ask then you can't afford it:-) AND you will top out at 200k as a Software Engineer here as well.

20 points by spking 8y ago

They can try to sell it for that much but there's a fair amount of inventory in the area at present, and the housing market has been cooling. My guess is it'll go for less. Headline should read: "People still trying to flip houses in SV".

ocdtrekkie 8y ago
Compared to the fact that 1,000+ square foot living spaces are available in other suburban areas for less than $100,000, this is still pretty darn insane, even if it "goes for less".
lozaning 8y ago
Im rooting for more than a cooling, more like a sub zero freeze! Houses going from costing unaffordable X 3 to only unaffordable X 2 has no effect on me.
- deleted 8y ago
  [deleted]

marcell 8y ago

The lot is a it over 4K square feet, FWIW

madengr 8y ago
That’s almost the size of my house, and it cost 1/10 that.

RyanShook 8y ago

Current list price is just under two million. https://deleonrealty.com/property/128-middlefield-road-palo-alto/ https://deleonrealty.com/property/128-middlefield-road-palo-...

daleon 8y ago
Oh, is a 900sqft house from the 1940s now a good deal for pwnly 1.9mil? Charming.

madengr 8y ago

What kind of salary does it take for a $2.6M mortgage? What would the property taxes be on that house? Insane.

SEJeff 8y ago

For reference, my nice home in Logan Square (the hipster neighborhood) in Logan Square wass $590,000 and is around 3100 sqft with a super nice interior. I'm a software engineer and do great. At what point to businesses start leaving the bay area due to being priced out? This seems a bit excessive.

rkochman 8y ago

List a vacant lot for 7 figures, no one bats an eye. List a lot with a small house on it for 7 figures, everyone loses their minds.

snarfybarfy 8y ago

Well duh, it's a whole house in a millionaire city?! Seems rather cheap. Where I live an 900 square foot apartment can also set you back by $2m. The seven apartments currently listed are all above $1.6m with several having undisclosed prices (if you have to ask then you can't afford it:-) AND you will top out at 200k as a Software Engineer here as well.