Sunnyvale Home Near Apple Park Sells for Almost $800K Over Asking Price
Want to know what the state of the Bay Area housing market looks like? A modest four-bedroom, two-bathroom home in Sunnyvale recently sold for $782,000 over its original asking price.
According to the East Bay Times, this home sale is part of an “Apple Effect” — a reference to the uptick in home prices near Apple’s new campus. This particular home off of Prunelle Court is about 3.5 miles away from the almost-complete tech building.
While the home itself is less than 2,000 square feet, the lot size is 13,000 square feet — making it a more justifiable price point, listed for $1,688,000 and sold for $2,470,000. If they have enough money, the buyer might just consider tearing the home down and building something more modern as well.
The Sunnyvale home is one of over 50 recent homes sales in the last month that sold for at least $200,000 above the listing price. More than half of the sales were made in Sunnyvale, and the rest were made in Cupertino, Saratoga, and West San Jose.
Many of the buyers work in tech and kept upping their offers after getting outbid in other home sales.