Significantly tiny in size, a Cupertino home is selling for big bucks: $1.7 million [Los Angeles Times (CA)]
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Source: Los Angeles Times
Some are comparing the one-bedroom and one-bathroom home to a hotel room, so small that there isn't enough space in the kitchen for a full size refrigerator or stove. What's also drawing people's attention is the size of the lot the home sits on: nearly 7,900 square feet. It received eight offers, all above the asking price, and the winning bidder is expected to close escrow in May. “The marketing strategy was to market the [listing] as a home and to get as many eyes on it as possible and it obviously worked,” said Faviola Perez, broker with the Compass Bonafede Team. High real estate prices are not uncommon in California's Silicon Valley, home to tech giants like Apple, Google and Oracle. The median price for homes sold in Cupertino is $2 million, according to a recent report by Rocket Homes. And the tiny house on Carmen Road shows that size doesn't always matter. Perez, the co-listing agent for the home, said the team knew the bulk of the value of the property was in the
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