The $910,000 tear down in Cupertino, or not.
Reports
MLS: 759027Property Overview
7526 RAINBOW DR
Cupertino (Cupertino) 95014
Detached Single Family (Class 1)
Bed/Bath: 3 / 2
SqFt: 1,410
Lot: 5,662 sq ft
Age: 49 years
List Price: $910,000
Assoc Fee:
Burbed reader Jennifer sent this winner in. Let’s see what she had to say:
I drive by this eyesore almost everyday, it is in the “highly
sought after” Monta Vista neighborhood of Cupertino.
I thought for sure no one would buy it… WRONG!
It is sale pending already… The interior must be so terrible
that the listing said “no open house available”! Maybe
the listing agent didn’t want to be stuck in this rat-infested
house for 4 hours?
Well, I hate to break this to you Jennifer, but it won’t be an eyesore for much longer. You see, it’s now pending. That means, soon this house will be torn down, and a new 2000 sqft palace (another $500k) will be built in its place.
The reason why this was so expensive was because the rats infesting it went to Monta Vista, so they’re really darn smart rats. They’re also in all the right clubs like the RFBLA (Rodent Future Business Leader Association). I hear most of them are going to get into the top school of their choice.
Actually, maybe this house won’t be torn down. Frankly, it’s no worse than many other houses in similar price ranges in the Bay Area. It’s classic evidence that Bay Area homes don’t need any maintenance. I bet the next owners will simply move in.
What do you think?
December 12th, 2007 at 7:44 am
It must be some rich foreign investor.
Does this mean Crappertino is part of the Bay Area again?
December 12th, 2007 at 9:28 am
You say tomato, I say tomah-to, you say teardown, I say crack den…..
Or a grow operation!
December 12th, 2007 at 9:36 am
This house looks like it would be great for a demolition party.
December 12th, 2007 at 10:59 am
As a Palo Alto shackowner I like to say “teardown for you” (meaning that its not something I would teardown).
December 12th, 2007 at 11:38 am
Nope that’s a classy house in “da PA”
December 12th, 2007 at 12:30 pm
I remember when a million dollars would buy you a house that might not fall down around your ears.
December 12th, 2007 at 1:52 pm
I have seen similar kind of homes. They were in infamous gold-mining ghost-town Bodie.
December 12th, 2007 at 10:21 pm
People will buy this house for its land, and build a brand new one for another $500K. The total cost would be $1.4M, which is in line with a decent house in Monta Vista area.
This summer a nearly collapsed home near Lawrence Express Way, which is close to the $768K short-sell home in this blog, was sold for $700K. That piece of land is in the Cupertino High School area.
December 14th, 2007 at 3:58 pm
I live around that neighborhood and I can tell you there aren’t shortage of even worse houses in that zip code, and they all zestimated to be well over $1m. This house is in fact a steal.
This house looks damn good for $200k engineer couples.