Marcopoloni, the Tiny Business

An Interesting Stop While House Hunting

5692 Hollyleaf Lane, San Jose, CA 95118 is a crazy listing offered a a crazy price. But in this crazy Sillicon Valley real estate market anything goes and even this creative interior will likely sell for more than a very demanding asking price.

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House hunting for a business owner is a diversion. It does provide a diversion from my daily routine, but after not too long, I became so focused on this endeavor that I realize that this is going to be a massive diversion of my attention and of our funds. The market in Silicon Valley is moving up at roughly a 5% pace every month. This is the reason why we got beaten every time, even we offered $50,000 over asking, and possibly the reason why we will just decide to sit this one out.

Then, something very interesting came on the market. By interesting I don’t mean something that will cause us to spend our bottom dollar: I mean something that we had to go see and bring Chiara and our cameras along.

This is why:

Every day a smiling Sun will be warming your day!

The unit is entirely covered in tile. With the exception of the ceilings and a few, rare, surviving walls, it depicts Saint Francis and the Sun and what I think must be depictions of Assisi.

The unit is well laid out with two bedrooms and a den, an attached garage, two private patios, and an eye-popping asking price of $485,000. At 1102 square feet that is a whopping $440 per square foot. Far more than even the unit that just sold in the same complex and that was far more attractive. Take a look at it in detail on Redfin. It’s worth it!

Zillow thinks it’s worth less than $400,000. Let’s not talk about e-appraisal, which hasn’t yet figured out that the market is going in the other direction. On the other hand, it is located in a very attractive complex with a wonderful pool,  and the schools are really good.

I think that it should fetch $468,000, but I would not be surprised if it sold for asking. In fact, given the craziness of the market today, I foresee 3 offers and a $495,000 winning bid. I will be curious to see how it pans out!

In the meantime we will hopefully be busy bidding on something else.

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