Only in Bay Area.
It’s crazy. 7 ish % interest rates and people are ready to shell out this amount to live in a 2Br/2Ba built in 1900- 6,3,5 school district.
Not really. This is happening across the country
Not like this
Please don’t
Inventory is low hence demand is still high. I have been waiting for prices to drop so that I can buy some more rental properties. Still holding my breath…
That’s a steal🍿
Yes I would pay $2M cash for it
Yes, don't miss this opportunity. It's a 100+ years old house and full of history. Every window you open will remind you of the last breath of the person who died here. Whenever you open the restroom door, it will remind you of a new child born here.
Cash doesn’t pay interest.
Yup , but stocks pay back a lot 😁
Cash is currently paying 5% APY, where have you been?
It was probably remodeled. And there are a number of people who would spend $1.3M on a house if they have the cash. It’s hard to tell if it’s crazy or not without the picture.
It's called a flip brosef. They probs did a shitty cosmetic makeover and will get more than asking
I am still stunned people willingly chose to live in Bay Area.
You never lived there, right?
I have, and would not go back. There’s no major selling point that’s unique to Bay Area and everything is far too expensive even with the higher comp.
8 months later they are listing for 60% increase? Lol
Seller/flipper probably cut corners during remodeling to make quick $.
Must have done a biiig remodel. Probably worth it.
Yeah, maybe. https://www.redfin.com/CA/San-Jose/1090-Luther-Ave-95126/home/707647
That’s smaller than a matchbox.