This just sold for $2,000,000 in the Bay Area

https://www.mercurynews.com/2018/03/02/sunnyvale-home-shatters-new-record-with-enormous-price-tag/

 

I have 2m. You mean I could have owned this and missed the opportunity? Dang.

$2,358 per square foot.

 

That's an ugly house, specially for two million. -- it looks like a large storage shed with a roof. or a mobile manufactured home with the wheels removed and the Wide Load freeway caution sign removed.

In an average/middle class part of San Diego, California...that same home would probably sell for 500 or 600 or $700,000.
In an exclusive, higher-end part...it would probably sell for 1.2-1.5 million.

 

The price must be driven up (spectacularly so) by the location, because the actual property is very underwhelming.

 

Did they found oil in the garden?
that the only way that house could cost that much.

 

No surprise!

SF Bay Area is famous for all kinds of bubbles, e.g., Internet, start-up and housing bubble, etc.

 

Buyer maybe planning to construct something at this location.

 

https://www.remax.com/realestatehom...a-ca-90404-gid100006126634.html?lid=307644844

 

I was wondering about that, because it is such a basic house.

 

where on earth you can buy a real good house (with a pleasant view in a good community) for $1m these days. my dream to settle in one of those santa monica coast-side houses has long been shattered