Modest Silicon Valley home breaks record for highest price paid per square foot
They say that, in real estate, it's all about location, location, location. That's especially true if you're a Silicon Valley worker who wants to avoid a horrible commute.
The 848-square-foot house at 1062 Plymouth Drive in Sunnyvale is in a great location for someone in tech, as it's about a 10-minute drive to the Google, Apple, LinkedIn or Yahoo! campus.
And it just sold for $2M, a mere $550K over asking, according to KRON4.
That is $2,358 per square foot, the highest price paid per square foot ever recorded by the MLS in Sunnyvale.
The two-bedroom, two-bath house sold in just two days of being on the market, reports listing Agent Doug Larson. He told KRON4, "Well [laughs], I was kind of blown away."
The new buyer does plan to live there. He is a young, single man who works in tech.And he paid all cash for his new home.
Friday morning, a realtor called Larson and told him she was sending over an offer. Larson told her his client wasn't accepting offers until the following Wednesday, but the persistent realtor refused to take no for an answer and sent her client's offer that afternoon.It was too tempting to pass up - $2 million, all cash, closing in 10 days. The seller was shocked.
"She said, 'What?'" Larson said. "She was as taken aback as I was."