4 ms·
> Houses in Atherton, supposed home of very expensive homes, seem to sell for around $10M per acre of lot. (Yes, Atherton is so fancy that it uses different uni
by ac29 4y ago
> Houses in Atherton, supposed home of very expensive homes, seem to sell for around $10M per acre of lot. (Yes, Atherton is so fancy that it uses different units in Zillow!). That’s about $230 per sq ft of land.
It should be noted that the zoning rules in Atherton require a minimum lot size of 1 Acre per home. Thinking of it in terms of square feet lets you compare it to nearby towns somewhat, but misses that building say two houses per acre (1/2 acre lots) is illegal there.
- amluto 4y agoComputing land value per square foot isn’t missing something — this is the whole point. Atherton has a land use restriction that depresses property values. (Under SB9, one can likely split a 1 acre lot once. I imagine that Atherton would try to block such a split.)