Thursday, November 5, 2015
Silicon Valley Real Estate Madness: 180 Square Foot Shack for $2 Million
A 180 square foot shack in Palo Alto, with one bed and one bath, built in 1930, is currently listed for $1,998,000.
It's all about the land, of course (And Janet Yellen money pumping). The tiny shack sits on a 6,886 square foot lot,
The listing agent, Alex Wong of the Sereno Group tells potential buyers that the the city of Palo Alto “allows for above ground max floor area of approx. 2,816 sq. ft. not including possible basement addition,” reports the San Francisco Chronicle.
The estimated monthly mortgage payment to buy the land and the shack: $7,863, reports realtor Esately.
at 2:21:00 PM