Can someone tell me why this house is so inexpensive?

Jan 15 20 Comments

https://www.redfin.com/CA/San-Jose/1726-Guadalupe-Ave-95125/home/1417819

Under $1M for a 2,426ft house in Willow Glen?? Permit to build 700 SQFT ADU as well? Am I missing something obvious about this property?

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TOP 20 Comments
  • Seagate toti420
    That’s a well known haunted house.
    Jan 15 0
  • Square WjxO11
    To get people like you to market their $1.65M listing (late 2019) on their behalf.
    Jan 15 0
  • Walmart ATLII06
    To create a bidding war
    Jan 15 0
  • Apple alpha&&
    I’ve seen this property when it was listed for like 1.65. The house is very well updated but the location is crappy. It could prolly go for like 1.2-1.3 but not 1.65.
    Jan 16 3
    • Apple alpha&&
      It doesn’t matter if I am or not. I won’t make hasty decisions. This property will take a long time to actually appreciate. The houses in front of this property are low income rental houses which will be gutted out in the future and made into a park supposedly. There is construction going on behind the property. If you are ok with all these factors then go for it. I strongly believe location is very important in the long run. So just make a right judgement call based on the facts.
      Jan 16
    • Yahoo FFnl47
      Agree.
      Jan 16
  • Apple RoidRage
    It's also effectively a flip
    Jan 15 0
  • Google bighead2
    That's not Willow Glen.

    My guess is that location is playing a role here.
    Jan 15 0
  • Big Switch Networks / Eng forfoot
    It's restricted to low income buyers.
    Jan 15 2
    • Facebook tantan85
      OP
      Where does it say that?
      Jan 15
    • Big Switch Networks / Eng forfoot
      Whoops, confused it with the los gatos house. The townhouse at 178 Terreno De Flores Circle in Los Gatos -- valued at about $1.1 million -- is on the market for $274,000 as part of the city's affordable housing program
      Jan 15
  • Pure Storage pureFA
    Schools are not that good
    Jan 15 1
    • Jumpcut boomhower
      its def because of the schools
      Jan 16
  • Yahoo FFnl47
    Wait why is willow glen so hyped up?
    Jan 15 0
  • Amazon GPnG43
    I Ji
    Jan 28 0

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