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Thursday, May 10, 2018

Wait... Silicon Valley Burned Out House Sold For What?


Buying a home for under $1 million in the San Francisco Bay Area is a nearly impossible task. Even if the home is all burned-out. Case in point: the one-story, single-family house at 1375 Bird Avenue in San Jose, California. It was ravaged by fire two years ago. In photos, the structure appears dilapidated and held together with plywood. In April, the home sold for $938,000 in April. That's more than a whopping $130,000 over the listing price of $799,000. Listing agent Holly Barr of Sereno Group told the San Francisco Chronicle the price was fair based on the cost of local housing and the lot's potential. The home sits on a 5,800-square-foot lot and is located less than a 10-minute drive from downtown San Jose. Google plans to build a new campus there. https://ift.tt/2It27KQ http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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