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We are reaching another real estate extreme.


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2014 Mar 3, 3:30pm   26,443 views  79 comments

by REpro   ➕follow (0)   💰tip   ignore  

House sold in October 2013 for $755,000, now for sale for $1,520,000.
http://www.redfin.com/CA/San-Jose/430-N-2nd-St-95112/home/970098

#housing

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79   mell   2014 Jun 15, 1:41am  

REpro says

Well, based on lot value plus residual value plus improvement $650-$700K.

Based on gross income and expected maintenance costs $1,050K-$1,150K

The October 2013 selling price is prob. closer to fair value.

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