Wow, there’s an unusual amount of vitriol about today’s house in the comments. Here are some snippets:
>>Catch a Falling Knife Today and lose a quarter of a million dollars, step Right UP. Only the Best and smartest people live in Cupertino… Maybe that is why Apple leases much of their property?
>>Well, it has been unsold on redfin for 97 days. So I guess bidders are waiting for a bigger drop in price :).
>>The local ERs will probably have their share of suicides come next year about tax and credit card paying time. Buy yourself a Police Scanner. It should be interesting listening…
>> 11/29/2006 $967,000 Grant Deed Resale Chekhanovsky, Yakov & Juliya Grizzle, Ruth D 514191969
8/15/2006 $845,000 Grant Deed Resale Frost, Keith Chekhanovsky, Yakov & Juliya 463194424
9/13/2005 Grant Deed Refi Frost, Karen Frost, Keith 108318143
3/30/2005 $680,000 Grant Deed Resale Yengst, Charles R Frost, Keith 100713086
Looking at Zillow, the price seems pretty inline:
And the fact is, we’ve all seen plenty of other houses in far worse shape that’s at this same price point.
Given that the starting salary of a software engineer in Silicon Valley is about $90k, that everyone else makes about $130k and up, and frankly this is a pretty crime free and quiet neighborhood with the area’s better schools. Granted, most of us haven’t seen this house in person, but the pics aren’t that bad.
How much do you think this house should go for? and why?