Due to Cupertino’s unconscionable refusal to build housing stock, even after the world’s second-most expensive company opened new headquarters inside the spacious hamlet, home prices in the tech town have reached astronomical heights.
But this 786-square-foot abode at 17320 Stevens Canyon, featuring one bed and one bath, seems like a downright bargain, comparatively-speaking. Even Redfin estimates place the circa-1940 hovel at $870,353. That’s more than double the asking price.
Speaking of which, asking is $419,000.
“Could be rebuilt to a multi-million dollar home with some work,” notes the ad. Indeed. And this teardown will presumably spark a bidding war.
In September, for example, a modest home in nearby Sunnyvale listed for $1,688,000 and sold for $2,470,000, roughly $800,000 over asking.
- 17320 Stevens Canyon [Redfin]
- Journalist lays into Silicon Valley lawmakers debating housing in Cupertino [Curbed SF]
- Apple Park drone videos, then and now [Curbed SF]
- Now this is ridiculous: $782,000 over asking for a house in Sunnyvale [Mercury News]