Cheapest house in Santa Clara County
$150,000
Beds: 2 Baths: 1 Sq. Ft.: 872 $/Sq. Ft.: $172 Lot Size: 10,240 Sq. Ft. Property Type: Detached Single Family Style: Ranch Stories: 1 Year Built: 1948 Community: Alum Rock County: Santa Clara MLS#: 81045651 Source: MLSListings Status: Active
On Redfin: 262 days
This is the cheapest house in Santa Clara county north of Morgan Hill. Wow, just look at the size of that lot! This is huge huge huge!
If this isn’t the perfect investment property, I’m not sure what is. Plus, just look at the instant equity waiting for you to tap:
What’s stopping you from buying this house? I bet most of you could buy this with your credit card!
June 21st, 2011 at 7:05 am
Does it really count as the cheapest house when the listing price is CLEARLY not going to be accepted by the bank? I suspect the relisting at 260k is what the bank was willing to take when they got the first offer in. It might be lower now, but I doubt it’s 150k. I wonder if this house is full of fraud, i.e. the realestate agent is going to be in on a cut by only accepting lowballs from the seller’s family.
June 21st, 2011 at 7:42 am
The so-called overbidding will bring the price right up to where it needs to be, even if the REALTOR doesn’t present those offers to the bank.
By the way, about two months ago I advised a lender to require a fax number be put in the listing. “All offers must be faxed to” was right in the main body of the listing. Funny how those better offers didn’t get lost.
June 21st, 2011 at 7:46 am
“I wonder if this house is full of fraud, i.e. the realestate agent is going to be in on a cut by only accepting lowballs from the seller’s family.”
What responsibility does a REALTOR have toward the lender, mortgage holder?
June 21st, 2011 at 9:22 am
Now pending! For the fourth time since September.
June 21st, 2011 at 10:16 am
Nobody’s taking the mortgage interest deduction on this low-priced house. Bad for ROI. I’m just saying…
June 21st, 2011 at 10:52 am
On a street named after a brand of cheap soda we drank when I was a kid. And in the deliciously named Alum Rock.
That means, Buy it now!
June 21st, 2011 at 11:13 am
The metal in the fence has to be worth something. That should stop this place from dropping below, say, $5,000.
June 21st, 2011 at 11:15 am
On the radio, they said copper is up to $3.50/lb. I hope they keep an eye on their pipes…
June 21st, 2011 at 9:25 pm
Mortgage interest deduction on this place? It’s probably less than the standard deduction…
June 21st, 2011 at 9:50 pm
Nomadic I think it may be higher than that, I turned some in today and got a bit over $2 a lb and if it were shinier, I think I’d have gotten $2.50/lb – last time I checked, copper was about $4 on the metals market. A recycling place will generally pay you about half of “spot”, sometimes a bit higher depending on the metal, for instance my gold and silver place pays half of spot for silver, but something like 72% for gold.
June 21st, 2011 at 10:02 pm
You are right, Gilroy Alex.
June 23rd, 2011 at 10:37 am
I live in this neighborhood now (kinda) and I pay $1550/ month for a 2/1 condo with a patio and garage. I would buy this for $150.
July 11th, 2011 at 1:24 am
Now it’s back on the market with a price of $255,000 and a claim of lender approval.
But, one door closes and another one opens. For less than $100,000 you too can experience the pride of homeownership in the capital of Silicon Valley. Bring your own kitchen.
http://www.redfin.com/CA/San-Jose/248-San-Antonio-Ct-95116/home/613604