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Post by mymindseyedpea on Aug 7, 2016 19:38:23 GMT
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Post by refugeepea on Aug 7, 2016 19:40:41 GMT
It sounds like it's in the Silicon valley. It said near the new Apple campus. That's probably a decent deal.
ETA: Not sure if that's Silicon valley, but near the new Apple campus would make it a desirable area to live.
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Post by secondlife on Aug 7, 2016 19:40:46 GMT
It's Cupertino.
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Post by katlady on Aug 7, 2016 19:40:51 GMT
Cupertino. Home of Apple. Nope, you are not reading that wrong.  |
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Post by christine58 on Aug 7, 2016 19:40:54 GMT
And it's a MESS!
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Post by Scrapper100 on Aug 7, 2016 19:41:52 GMT
Location, location, location. If it were a block or two from the beach it would also be that much.
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seaexplore
Prolific Pea
Posts: 8,838
Apr 25, 2015 23:57:30 GMT
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Post by seaexplore on Aug 7, 2016 19:43:18 GMT
Nope. Totally accurate and common for that area.
Cupertino, Mountain View, Sunnyvale, San Jose, Palo Alto. It's all about the tech and high dollar amounts people are paid.
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Post by Scrapper100 on Aug 7, 2016 19:44:09 GMT
I didn't look inside at the pics until you posted this and yikes how gross. |
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Post by mikewozowski on Aug 7, 2016 19:44:13 GMT
must be an easy place to sell a house because they didn't even bother to clean up for the pictures.
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Post by omarakbt on Aug 7, 2016 19:45:10 GMT
Yes Unbelievable the cost of homes in the silicon valley and on the peninsula Scary!D My DD and her DH just bought a house not far from us Sold their condo ( 2 bed 2 bath) in 3 days for 20,000 over asking, are buying a house that is 40 years old that is in good shape, move in ready for an insane amount of money Scary!
Diane
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Post by Scrapper100 on Aug 7, 2016 19:46:18 GMT
Oh and don't forget that they will be paying at least $15K a year in taxes probably more.
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Post by freecharlie on Aug 7, 2016 19:46:37 GMT
And that is why I live in colorado
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johnnysmom
Drama Llama
Posts: 5,684
Jun 25, 2014 21:16:33 GMT
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Post by johnnysmom on Aug 7, 2016 19:50:08 GMT
Good grief. For 1.25million you'd think they could at least move the full, open, laundry hamper out of the photo  |
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Deleted
Posts: 0
Nov 1, 2024 7:25:58 GMT
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Post by Deleted on Aug 7, 2016 19:54:26 GMT
It probably doesn't matter what the house looks like inside. I bet it's either a teardown, or complete renovation. It's the location that's worth $1 million of that.
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Post by scrappychick on Aug 7, 2016 20:09:18 GMT
Yikes! That house would sell for maybe $75-$80k here.
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Post by bc2ca on Aug 7, 2016 20:09:27 GMT
That really is the lot value. The house isn't worth anything.
The property last sold in 1993 for $185,00 so the tax assessment is based on that price (not current value). The 2015 taxes for it were $3925. A property across the street with the same house size/property value was assessed $10,392 for 2015 taxes because it is based on a 2007 sale.
ETA When it does sell, the tax assessment will be based on the sale price and could increase up to $20,000.
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SabrinaP
Pearl Clutcher
Busy Teacher Pea
Posts: 4,415 
Location: Dallas Texas
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Post by SabrinaP on Aug 7, 2016 20:10:13 GMT
That's so insane. That house would be worth like $80,000 (if that) here.
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Post by lucyg on Aug 7, 2016 20:12:01 GMT
Took the words right out of my mouth. |
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Post by cindosha on Aug 7, 2016 20:16:32 GMT
Eeewwwww!!! There is carpet on the toilet seat.....
What a pigsty!! Unbelievable price for that teeny house. That would fetch about $50K around here!!!
Cindy
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seaexplore
Prolific Pea
Posts: 8,838
Apr 25, 2015 23:57:30 GMT
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Post by seaexplore on Aug 7, 2016 20:18:22 GMT
That really is the lot value. The house isn't worth anything. The property last sold in 1993 for $185,00 so the tax assessment is based on that price (not current value). The 2015 taxes for it were $3925. A property across the street with the same house size/property value was assessed $10,392 for 2015 taxes because it is based on a 2007 sale. When it sells, it will be reassessed tho at the new value, right? |
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Post by Scrapper100 on Aug 7, 2016 20:19:03 GMT
That really is the lot value. The house isn't worth anything. The property last sold in 1993 for $185,00 so the tax assessment is based on that price (not current value). The 2015 taxes for it were $3925. A property across the street with the same house size/property value was assessed $10,392 for 2015 taxes because it is based on a 2007 sale. But when you buy a house it is reassessed based on what you actually pay for the house and you will get a bill for the difference. If they do a tear down and then rebuild once it is rebuilt they will have to pay on the new house value which will be even more. Eta. Thanks to prop 13 your taxes can only go up 3% a year unless you do something like a tear down. With prices in California going crazy this is one of the few ways people keep their homes when values go up in value to insane amounts. There can also be other special assessments and bonds in the area that get added to your property taxes that are not included in the 3%. |
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Post by flanz on Aug 7, 2016 20:47:52 GMT
prices in much of Cali are nuts!!!
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Post by bc2ca on Aug 7, 2016 20:49:16 GMT
That really is the lot value. The house isn't worth anything. The property last sold in 1993 for $185,00 so the tax assessment is based on that price (not current value). The 2015 taxes for it were $3925. A property across the street with the same house size/property value was assessed $10,392 for 2015 taxes because it is based on a 2007 sale. When it sells, it will be reassessed tho at the new value, right? yes, I edited my post  I am fascinated at the difference in tax assessment because of Prop 13. SaveSave |
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Post by Dori~Mama~Bear on Aug 7, 2016 20:50:37 GMT
location location location
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Post by melanell on Aug 7, 2016 20:51:56 GMT
That's a case of "location, location, location". |
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Post by Spongemom Scrappants on Aug 7, 2016 20:59:15 GMT
ocation, location, location. She took my answer. In my area of South Carolina (not near the coast), a million and a quarter would get you an expansive estate on some really nice acreage. |
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Post by 950nancy on Aug 7, 2016 21:21:44 GMT
And that is why I live in colorado With bears and snow! |
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Post by mymindseyedpea on Aug 7, 2016 21:22:34 GMT
It probably doesn't matter what the house looks like inside. I bet it's either a teardown, or complete renovation. It's the location that's worth $1 million of that. I bet you're right. I wonder if they do flip it how much it will sell for. |
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Post by grate on Aug 7, 2016 21:24:53 GMT
and it says "priced to sell"  |
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Post by Merge on Aug 7, 2016 21:34:23 GMT
And that is why I live in colorado Ha! We left Colorado in 1997 because bunches of Californians had moved in and driven up the price of housing ... we couldn't afford to stay! |
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