The headline should read: "7900 sqft lot sells for $1.7M"...
This was true for our house mid-peninsula: The appraised value of the land was 95% of the purchase price; the appraised value of the structure was less than the cost to bulldoze.
Given the proximity to Los Altos, this house will be purchased by a developer & razed, and they'll build a new 4000-sqft 2-story which will be listed for $5M+.
This was true for our house mid-peninsula: The appraised value of the land was 95% of the purchase price; the appraised value of the structure was less than the cost to bulldoze.
Given the proximity to Los Altos, this house will be purchased by a developer & razed, and they'll build a new 4000-sqft 2-story which will be listed for $5M+.