Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
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
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
Katie CanalesJul 4, 2018, 20:00 IST
Matthew Anello for Alain Pinel Realtors
Advertisement
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.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
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.
The blue home, located at 128 Middlefield Road, looks cozy and quaint from outside...
...and is just as cozy inside. The front door opens up to a living room with a fireplace.
The home was built in 1924 and has been remodeled over the years to keep up with the times.
There's a unique antique Wedgewood stove in the kitchen.
Near it is a small dining area...
...and a bay window.
The bungalow has two bedrooms, both with lots of natural light.
The one bathroom in the house is decked out in modern tiled floor and clean, white finishes.
A garage was converted into an office area, so owners would have to park in tandem. The tradeoff is that there are skylights and a small seating area in the converted area.
Through a pair of French doors is the private backyard.
A section of putting green sits next to a set of lounge furniture.
And on the side of the house is a pergola covered in wisteria.
