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http://www.zillow.com/homedetails/1612-W-Hacienda-Ave-Campbell-CA-95008/19659769_zpid/ http://www.zillow.com/homedetails/1612-W-Hacienda-Ave-Campbe... Here's a

http://www.zillow.com/homedetails/1612-W-Hacienda-Ave-Campbell-CA-95008/19659769_zpid/ http://www.zillow.com/homedetails/1612-W-Hacienda-Ave-Campbe... Here's a great listing I noticed this morning 2 beds 2 baths 827 sqft "Bring your tool belt, this property needs some TLC! Great location, this property has much potential! Close to schools, shopping, and freeway access." $900,000

hnnewguy 11y ago
But it has a garage, and in the Valley that's where dreams are born.
joshrotenberg 11y ago
This was apparently a record sale price for the size in our area just a few weeks ago: https://www.redfin.com/CA/Albany/815-Santa-Fe-Ave-94706/home/2006746 https://www.redfin.com/CA/Albany/815-Santa-Fe-Ave-94706/home... Granted, what was there was nice enough (all 1100 sq/ft of it), but over $1M for a 2/1 ... it's just insane right now. It was listed for $749k. The overbidding situation seems to regularly bring in multiple (as in 10-20) offers for a house.
- dlubarov 11y ago
  Sounds pretty cheap compared to South Bay homes! Like this 776 sqft "opportunity to do a remodel" which went for 1.75M: http://www.zillow.com/homedetails/133-Coleridge-Ave-Palo-Alto-CA-94301/19497074_zpid/ http://www.zillow.com/homedetails/133-Coleridge-Ave-Palo-Alt...
  - joshrotenberg 11y ago
    Wow!
  - AreaGuy 11y ago
    Wow... and the last time it sold was for $34,000 in 1975. That's a 10.4% annual return per year for 40 years. That's better than the 8.2% returned by the S&P 500 over the same period.
samstave 11y ago
HOLY CRAP! I think Realtors must be farking psychopaths to think that this should be valued at such... However, anyone with a crap-ton of money who doesnt blink at a price like that for this, well -- they should jsut feel like lucky, fortunate people. That's nuts.