Build your own place in Sunnyvale!
185 FLORENCE St, Sunnyvale, CA 94086 | MLS# 80944856
185 FLORENCE St Sunnyvale, CA 94086
Price: $635,000
Beds: 2
Baths: 1
Sq. Ft.: 610
$/Sq. Ft.: $1,041
Lot Size: 6,000 Sq. Ft.
Property Type: Detached Single Family
Style: Ranch
Stories: 1
View: Neighborhood
Year Built: 1910
Community: Sunnyvale
County: Santa Clara
MLS#: 80944856
Source: MLSListings
Status: Active
On Redfin: 46 days
GREAT LOCATION walking distance from the new Sunnyvale downtown shops. A great opportunity TO BUILD YOUR OWN PLACE. Seller has city approved plans and permits for remodeling to 3 bed and 2 bath (1,582 sf). Contractor can start immediately. Detached garage and workshop in the back was build nine years ago with permits. Please don’t disturb tenants. Make offer subject to inspection.
At first I was shocked and amazed at the price per square foot. $1,041! I mean… it’s real Bay Area and all… but still…. Sunnyvale?
And then I realized why – this house offers two unique value propositions:
1. It actually has permits for construction in the backyard. I know this may be milquetoast elsewhere, but for the Bay Area, this is revolutionary. Wowsers.
2. It has options. You can build your own place! A 3br 2/ba place! Live… or build. It’s up to you. Everyone loves options!
So let’s see… 1582*$250 per square foot (down from $300 because of the economy) – that’ just $395,500! In just a short time, you’ll instantly have a $1 million dollar house!
And right near Sunnyvale Town Center too! Once that gets cleared up, this house will be ready for takeoff!
Better buy now!
November 18th, 2009 at 10:34 am
If I still lived nearby I’d have a look, bet the places on either side have window bars.
November 18th, 2009 at 10:39 am
UnrealAlex – they don’t. (I cheated and used street view to check.)
November 18th, 2009 at 7:27 pm
Amazing how burbed never seems to run out of content. Party like it’s still 2005/2006
On that note, I was explained today that the credit freeze has resulted (with a one-year delay) in a freeze of business deals across the board these past few months. The “smart money” is going to real estate at the moment. But now how you’d think: that money buys foreclosures in bulk from lenders, breaks them to pieces, resells to other smaller money investors who buy in smaller bulks, etc. until it trickles down to you and I (who pay full price). While small retail is getting killed and governments (city, state, federal) is no longer doling out money, there are still opportunities for big fishes to make a killing. This is a repeat verbatim, not my own personal observations, so please feel free to chime in.
November 18th, 2009 at 8:40 pm
Is it really a good time to be a big fish now? Was it in France in 1788?
November 18th, 2009 at 9:15 pm
they have been trying to sell for past 2.5 years.
guess they will manage to finally get 600k in 2015, by that time dollar will be worth 1/4th of taco bell chalupa!
November 18th, 2009 at 10:35 pm
DreamT – I’m sure that some wealthy investors are doing that in cheap areas: buying RE in bulk, and planning on selling to smaller-time investors down the line, who ultimately sell to a person who actually intends to live in the house. I’m just not sure how many of them are going to make money doing it. in order to buy a house a person has to have a *job*, and things are going to get uglier on the employment front. also, each round of investors has to either have cash or financing; both are going to get progressively more scarce. and prices are going to keep deflating, at least for houses (maybe not for gas and grains), so by the time the wealthy investors try to sell their bunch of shacks, they may be lucky to get their money back on them. of course, if they are buying them for pennies on the dollar from banks that we taxpayers support, I take that all back.
In the RBA, there is enough pent-up demand that banks will permit short sales rather than sell in bulk to investors.
November 24th, 2010 at 9:26 pm
relisted at $595k