Silicon Valley’s housing crisis is so dire that this 897-square-foot Palo Alto home is selling for $2.59 million — take a look inside

silicon valley housing market california 1Matthew Anello for Alain Pinel Realtors

A small-yet-charming 897-square-foot residence in Palo Alto, CA could be yours for a cool $2.59 million.  

The two-bedroom, one bathroom home, at 128 Middlefield Road, is yet another downsized abode selling for millions in Silicon Valley’s overheated real estate market. With the famed Googleplex a mere 15 minutes away, and the hubs of other tech giants also nearby, the home and others like it are in high demand.

The last time this home sold was in 2008 for $899,000, according to Redfin. Now with an asking price of $2,589,000, the home is actually priced below the average for the upscale city of Palo Alto — sort of. That price tag comes out to $2,886 per square foot, which is $1,430 above the average for the area.

Take a look at what $2.59 million will get for the home’s future owners.The blue home, located at 128 Middlefield Road, looks cozy and quaint from outside…
Matthew Anello for Alain Pinel Realtors
…and is just as cozy inside. The front door opens up to a living room with a fireplace.
Matthew Anello for Alain Pinel Realtors
The home was built in 1924 and has been remodeled over the years to keep up with the times.
Matthew Anello for Alain Pinel Realtors
See the rest of the story at Business Insider

See Also:

Robots are replacing waiters and delivering fresh seafood right to people’s tables at Alibaba’s high-tech restaurant in Shanghai8 reasons you should buy Apple’s most basic iPad instead of an iPad ProI switch between iPhone and Android whenever I want without losing anything — here’s the very simple way I do it

SEE ALSO: A tech billionaire just listed his Palo Alto home for $100 million, the most expensive Bay Area listing in a decade — take a look inside

Original Article : HERE ; This post was curated & posted using : RealSpecific

Best Clickbank Products