'Tiny' home with no appliances listed for $1.7m

Did you think the Bay Area real estate market couldn't get any crazier than it already is? A house in Cupertino that is basically the size of a hotel room is selling today for around $2 million, after just 6 days on the market the house doesn't even have anything on it. type of heat or stove ktvs Mark Seder is live on Copertino this afternoon with a look at what someone is getting for a lot of money Mark, actually Greg, the house behind me, you're looking at all 384 square feet, but the agent Buyer's said over 100 people came here during the open house last weekend, a buyer has already been found, the deal is expected to close today, so what's the appeal?

Well let's take a tour of the interior, so we're in the living room of the master bedroom SL, that opens up. to the dining area, SL kitchen listing agent Fabiola Pérez Bonati doesn't have to spend much time showing this

home

, in fact, you've just seen more than half of it, here's the other half, this area can be use as a closet. or a space for a dresser and then leads to your bathroom of only 384 square feet. Now she has seen the whole house that has no

appliances

or heating, it only takes a few seconds to walk from one side to the other, why?

Is this house so popular? It's pretty compact in size, but packs a punch, which I think is what drew so many crowds here over the weekend. The house sits on a 7,800 foot lot, enough to build a nice new

home

. house, so just 6 days after the house was

listed

, Cherry Shei made an offer that she claims is way above the asking price of $1.7 million, so how could she say it's very crazy ? She has been looking for at least 3 months and says finding homes in Cupertino has been even more difficult recently since the FED has not cut interest rates as some expected it would in recent months.

The problem organism was hopefully larger, but it actually came out anyway. This is the price in this market that she is buying into. Speaking on behalf of someone else who intends to build here, builder Amir Nagavi of Paradise Homes says the construction price varies depending on the improvements, but you could expect to spend more than a million dollars on a design and permitting process that It could take a year and a half. It depends on what you want to do with the house. I mean, if you want to build what we call a Home Depot grade home, the cost is different than if you want to buy, build something that's a little bit higher up, and then.

The people at Very Custom Homes can still build a pretty good-sized house here and be in the neighborhood where all your neighbors' houses are worth four to five million dollars, so I think that's the potential that people saw when arrived now that apparently this house was originally. a hunting cabin that was built in the 1940s, some nearby residents say that before a tenant moved in there were literally trees and bushes growing in this house with deer roaming the territory, the tenant moved into the house and cleaned out the owner who never lived here apparently decided it was time to sell and essentially that's what it takes to get into the Silicon Valley real estate market these days.

Great story, six days, 384 square feet and they have a buyer, yes, I mean a great investment, Mark I. I want to ask you: he talked to some of those neighbors. I imagine their property values ​​could go up after this, so any reaction from them on how fast and how much this little house sold for, yes, all the houses around here estimate between four. and $5 million, they are all much larger houses, 22,500 feet in that real, so probably what will end up on this lot is something that can be measured with what other neighbors around here already have.

This has definitely been an outlier, but for some reason the owner. he just decided never to sell it and possibly foreshadowed that he knew how great Silicon Valley would be, which the real estate market has no way of knowing, but it obviously turned out to be a good investment for 384 square feet. Yes, no joke, the Bay Area real estate market. for you mark s lives in copertino for us mark thank you