Silicon Valley's housing crisis is so dire that this 897-square-foot Palo Alto home is selling for $2.59 million - take a look inside

Matthew Anello for Alain Pinel Realtors

A small-yet-charming 897-square-foot residence in Palo Alto, CA could be yours for a cool $2.59 million.

The two-bedroom, one bathroom home, at 128 Middlefield Road, is yet another downsized abode selling for millions in Silicon Valley's overheated real estate market. With the famed Googleplex a mere 15 minutes away, and the hubs of other tech giants also nearby, the home and others like it are in high demand.

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The last time this home sold was in 2008 for $899,000, according to Redfin. Now with an asking price of $2,589,000, the home is actually priced below the average for the upscale city of Palo Alto - sort of. That price tag comes out to $2,886 per square foot, which is $1,430 above the average for the area.

Take a look at what $2.59 million will get for the home's future owners.