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We are reaching another real estate extreme.

By REpro follow REpro   2014 Mar 3, 3:30pm 22,242 views   83 comments   watch   nsfw   quote   share    


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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81   mell   ignore (4)   2014 Jun 15, 1:41am     ↓ dislike (0)   quote   flag      

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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