California Homebuyers Fight Over $1.7 Million Tiny Home

A one-bedroom, one-bathroom property with less than 400 square feet in Cupertino, California, has been listed for $1.7 million.But the property has generated considerable interest, according to listing agent Faviola Perez, with about eight buyers raising their hand to acquire the property.Read more: Compare Top Mortgage LendersPerez told SFGATE that the unit is already under contract for 'considerably over asking.' She would not reveal what that price was.

' lot itself offers ample space to bring your vision to life, surrounded by $4M-$5M homes, highlighting the exceptional value and investment potential at hand,' the listing said.'It is more than likely that the structure will come down and a new home will be built in its place,' Perez told SFGATE.Typical home values in Cupertino are about $3 million, according to Zillow, which is up close to 11 percent from a year ago.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

California giving away up to $150,000 for first-time homebuyersMade possible by the California Housing Finance Agency, the program gives eligible individuals 20% of the home's cost to help with the down payment.
Source: FOXLA - 🏆 445. / 53 Read more »

Homebuyers May Be Forced to Pay More After Legal FightThe rules change on agent commissions could see buyers incur additional costs when buying a home, a housing economist says.
Source: Newsweek - 🏆 468. / 52 Read more »