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from the but-those-square-feet-are...deep-AND-tall! dept.
I've seen the price of real estate resume its seemingly relentless rise, but this is insane. A tiny (897 square-foot; 83.6 square meter) house in Palo Alto, California is situated on a 4361 square-foot (405 square meter) lot and has been placed on the market for $2.59 Million:
The little home at 128 Middlefield Road, has two-bedrooms, one-bathroom but is just 15 minutes away from Googleplex and the other tech giants, making the small home in high demand.
[...] The home was sold back in 2008 for just $899,000 and the current price tag is actually below market value for the area today.
The house was built in 1924 and has been remodeled through the years to keep it current.
The actual asking price is unclear. The Daily Mail article (first link) claims a price of $2.59 million, but he broker listing in the embedded link shows the price being $1,988,000; quite a bit less, but still quite expensive.
The article has pictures of each room as well as the yard; it looks to me like a quite nice home. One of the pictures shows a bulkhead, but I saw no mention of a basement.
If this tiny house costs this much, what would be considered a starter home? And how much would that cost? Though I realize this story is about Palo Alto, I understand there are other places in the world with sky high real estate prices. London, Singapore, and Hong Kong come to mind.
What are housing prices like in your area... how much would it cost you to buy a home comparable to this one, or to rent an apartment of equivalent size?
(Score: 4, Insightful) by Snow on Tuesday September 25 2018, @03:07PM (5 children)
897 sqft is now a tiny house? My house is only slightly larger than that (and I mean slightly...). There are tons of houses in my community that are smaller than that. These aren't considered tiny houses.
(Score: 0) by Anonymous Coward on Tuesday September 25 2018, @03:51PM
It is pretty small to me. It's only under 1/3 bigger than the appartment i had while i was studying. I had to use my kitchen table for my projects.
(Score: 1) by nwf on Tuesday September 25 2018, @04:25PM
I think it depends on in what country you live and how many people live with you. I think 900 sq ft is tiny, but most houses have useless rooms for "reasons" and waste space. The smallest house I've ever lived in was about 1500 sq ft and that was decent.
(Score: 2) by richtopia on Tuesday September 25 2018, @05:02PM
There is an actual Tiny House concept (the house in the article does not apply):
https://en.wikipedia.org/wiki/Tiny_house_movement [wikipedia.org]
The tiny houses that TV shows feature are typically less than 11m^2, 120sqft. While they are often built of premium materials, having a tiny house like that listed for 2 million dollars would be news worthy.
(Score: 2) by cmdrklarg on Tuesday September 25 2018, @05:07PM
Exactly. My house is a bit over 1000 sqft (not counting the full unfinished basement), and now that the boy has moved out for college it's a bit more than I need. Hell, I could make do with half that much room. Certainly not tiny.
This is in a small city / big town in MN, nice private ravine lot with woods in back, cost less than 1/20th what that thing costs.
The world is full of kings and queens who blind your eyes and steal your dreams.
(Score: 2) by urza9814 on Tuesday September 25 2018, @06:16PM
Nope, this is a "small house"
https://en.wikipedia.org/wiki/Tiny_house_movement