848 ft/sq Home in Sunnyvale Sells for $2MM, setting new price ft/sq record(mercurynews.com)
mercurynews.com
848 ft/sq Home in Sunnyvale Sells for $2MM, setting new price ft/sq record
https://www.mercurynews.com/2018/03/02/sunnyvale-home-shatters-new-record-with-enormous-price-tag/
5 comments
I view this as a $1.8 million dollar tax for owning a home in Silicon Valley. The average house in Michigan sold in 2017 for $118 per square foot or a little over $100K for a house that size. Even in a nice affluent Michigan suburb with great schools I couldn't see paying over double that amount.
I was just out in the Valley a few weeks ago. Absolutely love it out there but that's just crazy. As usual I think DHH put it best in a tweet:
https://twitter.com/dhh/status/969684080185950208
I was just out in the Valley a few weeks ago. Absolutely love it out there but that's just crazy. As usual I think DHH put it best in a tweet:
https://twitter.com/dhh/status/969684080185950208
The size of the house is irrelevant. It will almost certainly be torn down. The sad thing is that the buyer will be building their dream house in a vast sea of tract housing and ugly commercial strips. Oh, and one orchard.
To be fair, it's freshly painted, and the water heater was just replaced last year.
Here is what $2m house looks like it good neighbourhood of Tokyo https://www.homes.co.jp/kodate/b-75250036569/ 2100 sqft (195.75m²) of internal floor space squeezed on to a plot that is only 960 sqft (89.26m²). That is 218% ratio.
Is that the typical building density in Silicon Valley? If so, then not surprising it is so expensive. In Tokyo that plot might get divided into 3 and three good size family homes built on it.
From the satellite view on Google Maps it would appear this building uses only a third of the land of its plot. So maybe plot is about 2550 sq ft.