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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: 2) by The Mighty Buzzard on Tuesday September 25 2018, @05:24PM (5 children)
My current residence is a three bedroom, 1.5 bath with a large kitchen, dining room, and a tiny library. It weighs in at barely over a thousand square feet and goes for around $700.
By the end of the year I should be in the 4200+ square foot, two story place that TR just bought for barely more than the small lot it's on is worth. It's going to take that long to get it livable. Mind you, it's also going to keep both of us fairly busy most days for the next year or two (as time and funds allow) doing the necessary and desired repairs and remodeling. By the time we finish with it it should have gone from ~$30K to ~$200K and be one badass place to live. Between the two of us we can do every bit of the work except running the trackhoe to dig the trench for the french drain we're putting in (because neither of us in fact has a trackhoe). See, things like this are why it's a good idea to pick up all the skills you can in life.
My rights don't end where your fear begins.
(Score: 2, Interesting) by MindEscapes on Tuesday September 25 2018, @08:33PM (1 child)
Check out equipment rental sites in your area. Trackhoes are indeed available to rent at fairly reasonable prices and are not difficult to operate. Especially one sized for a french drain. If you were doing a full on footer drain replacement though the size easily rented may not have an adequate reach. I am pretty sure that the one we rented a couple years ago would handle depths to about 5 feet easily though.
Need a break? mindescapes.net may be for you!
(Score: 2) by The Mighty Buzzard on Wednesday September 26 2018, @01:47AM
Full on, below the footer of the basement installation on three sides (4th side is entirely sloping downhill and mostly paved). The dog was boned quite well when this place was built. It's amazing it hasn't fallen in yet.
My rights don't end where your fear begins.
(Score: 2) by Joe Desertrat on Tuesday September 25 2018, @08:34PM (2 children)
$700! Where can I get a house like that?
(Score: 0) by Anonymous Coward on Tuesday September 25 2018, @08:50PM
Here [birdcagedesign.com]
(Score: 2) by The Mighty Buzzard on Wednesday September 26 2018, @01:48AM
Small towns not right next to major cities all across the nation. This particular one is in Humboldt, TN.
My rights don't end where your fear begins.