Climbing home finance loan fees may possibly be slowing general property product sales in the Bay Region, but the substantial-priced sale of this modest household in San Jose proves the market nonetheless has lots of momentum.
This 1,335-sq.-foot property, which has 3 bedrooms and two bogs, sold for $2.61 million in late June — practically a half a million around its unique listing cost of $2.198 million.
The residence options an open up floor strategy with a dining area, a hearth and an updated kitchen area. It also features a peaceful patio/backyard place with persimmon, peach and orange trees. The home sits in a prime site in West San Jose close to the Cupertino border, freeways and tech providers.
Michelle Cherie Carr Crowe with Altas Realty was the listing agent for the sale.
The household was last obtained in 1986 for $164,000 according to community records. That’s a far cry from the current median sale value for the area at $2.358 million, up 16 p.c from the past calendar year, in accordance to Redfin.