The housing crisis in Silicon Valley is so disastrous that this Palo Alto home, with an area of ​​897 square feet, is selling for $ 2.59 million.



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A small but charming 897 square foot residence in Palo Alto, California, could be yours for a $ 2.59 million fee.

The two-bedroom home and bathroom, located at 128 Middlefield Road, is another small home for millions of people in the overheated Silicon Valley real estate market. With the famous Googleplex just 15 minutes away and the technology centers of other tech giants nearby, the house and other giants are in high demand.

The last time this house was sold was in 2008 for $ 899,000, according to Redfin. Now, with a asking price of $ 2,589,000, the price of the house is below the average of the upscale city of Palo Alto. The price is $ 2,886 per square foot, $ 1,430 more than the region average.


Take a look at what $ 2.59 million will be for the future owners of the house.


The Blue House, located at 128 Middlefield Road, looks cozy and quaint from the outside …

Matthew Anello for Alain Pinel Realtors

… and it's also comfortable inside. The entrance door opens onto a living room with a fireplace.

Matthew Anello for Alain Pinel Realtors

The house was built in 1924 and has been refitted over the years to keep pace.

Matthew Anello for Alain Pinel Realtors

See the rest of the story at Business Insider

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SEE ALSO: A billionaire tech has just listed his home in Palo Alto for $ 100 million, the most expensive list of the Bay Area for a decade – take a look at the # 39; internal

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