Obliterated San Jose teardown sells over asking price

An incinerated tangle of wood, wire, and steel in San Jose’s Willow Glen neighborhood landed on the market in April asking $799,000. Quite a lot of money for quite a lot of nothing.

But seeing as how the Bay Area is in the middle of a housing crisis that, by way of legislation coupled with ignorance, continues with alacrity, this teardown sold over its asking price.

Formerly a two-bed, one-bath house built in 1976, the house fell apart after a 2016 fire. “You cannot see the inside,” read the realtor’s ad. “Please do not go past the fencing.”

All that remained, aside from a major cleanup, was a cozy yet prime 0.13-acre lot, which sold Monday for $938,000.

We should point out that, while the pile of rubble sold over asking, the final sale price fell below Redfin’s estimate of $1,017,712. Not that such a factoid will provide you with any solace, but there you have it.

• Charred San Jose teardown asks $799K [Curbed SF]
• Marin County’s anti-growth mindset keeps minorities and low-income residents out [Curbed SF]
• Cupertino teardown sells for $2 million [Curbed SF]
• Mike Rosenberg [Twitter]
• Where the housing shortage is getting worse [Curbed]