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I'm not sure where you're getting that notion? Maybe if you're comparing a $2M home in east bay? In the peninsula, a $2M home just gets you a decent neighborho

I'm not sure where you're getting that notion? Maybe if you're comparing a $2M home in east bay? In the peninsula, a $2M home just gets you a decent neighborhood. The home itself is meh. House I'm in has never been updated and is from the 1930's. It's about $1.7m. 1000sqft with 400sqft in-law unit. 4000sqft lot. https://www.zillow.com/homedetails/2833-Tramanto-Dr-San-Carlos-CA-94070/15557620_zpid/ https://www.zillow.com/homedetails/2833-Tramanto-Dr-San-Carl... (San Carlos - under the radar suburb in the bay area) https://www.zillow.com/homedetails/811-Longfellow-St-Detroit-MI-48202/88192445_zpid/ https://www.zillow.com/homedetails/811-Longfellow-St-Detroit... (Second most expensive home between 2k-2.7k square feet in detroit)

segmondy 7y ago
https://www.realtor.com/realestateandhomes-detail/1683-Newcomb-Ave_San-Francisco_CA_94124_M28192-74161?view=qv https://www.realtor.com/realestateandhomes-detail/1683-Newco... 5 bed, 6 bath, 2900sq ft. $1.6 mil recently renovated, all around, with a private backyard. 1683 Newcomb Ave, San Francisco, CA 94124
- bradlys 7y ago
  It's a rental property. It was built up to maximize profitability in flipping. It was burned down or something some years back. Previous owners probably took the cash from it going down, sold the rest, moved away, and then someone bought it, rebuilt it, and made a shit load. https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Francisco,+CA+94124/@37.7360769,-122.3913173,3a,75y,233.3h,90t/data=!3m6!1e1!3m4!1sXEH856_6FEF3Q2UfXikbQA!2e0!7i13312!8i6656!4m5!3m4!1s0x808f7f05a2acfad7:0x79ca07177f63a45f!8m2!3d37.7359772!4d-122.3915587 https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Fran... No one would own it to live in now. The neighborhood is not good and is why it's priced accordingly. It's an investment/rental property.
  - jkubicek 7y ago
    Also, Bay Area homes in expensive areas (PA, SF, Berkely, etc) tend to sell for far over their list price. I wouldn’t be surprised at all if this particular listing went for $1MM over list.

segmondy 7y ago

https://www.realtor.com/realestateandhomes-detail/1683-Newcomb-Ave_San-Francisco_CA_94124_M28192-74161?view=qv https://www.realtor.com/realestateandhomes-detail/1683-Newco... 5 bed, 6 bath, 2900sq ft. $1.6 mil recently renovated, all around, with a private backyard. 1683 Newcomb Ave, San Francisco, CA 94124

bradlys 7y ago
It's a rental property. It was built up to maximize profitability in flipping. It was burned down or something some years back. Previous owners probably took the cash from it going down, sold the rest, moved away, and then someone bought it, rebuilt it, and made a shit load. https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Francisco,+CA+94124/@37.7360769,-122.3913173,3a,75y,233.3h,90t/data=!3m6!1e1!3m4!1sXEH856_6FEF3Q2UfXikbQA!2e0!7i13312!8i6656!4m5!3m4!1s0x808f7f05a2acfad7:0x79ca07177f63a45f!8m2!3d37.7359772!4d-122.3915587 https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Fran... No one would own it to live in now. The neighborhood is not good and is why it's priced accordingly. It's an investment/rental property.
- jkubicek 7y ago
  Also, Bay Area homes in expensive areas (PA, SF, Berkely, etc) tend to sell for far over their list price. I wouldn’t be surprised at all if this particular listing went for $1MM over list.